Mark Cuban and Robert Herjavec Try PaddleSmash On Shark Tank
Highlights
- Tim Swindle and Scott Brown approached the Shark panelists in the fifteenth season with their backyard game.
- PaddleSmash bagged two offers from prominent faces on the panel.
- The net worth of Tim and Scott’s business has been growing rapidly due to the Shark Tank Effect.
Once a business bags a Shark Tank deal, it draws a huge amount of attention towards itself. Conjectures are high regarding its fate in coming times, including its net worth after Shark Tank. The same happened with PaddleSmash, a backyard game last season as viewers are still curious to know the PaddleSmash net worth.
Brought to the Shark investors by the entrepreneur duo of Tim Swindle and Scott Brown, the backyard game was a combination of pickleball and Spikeball, a previous Shark Tank business. Tim and Scott had a successful experience on the show as their pitch concluded with a deal.
But PaddleSmash is receiving a huge buzz for its net worth as its entrepreneurs bagged a joint deal from Mark Cuban and Robert Herjavec. This deal happened after a bidding fight with another prominent Shark panelist.
Below is detailed information about the journey of Tim Swindle and Scott Brown on Shark Tank, describing their final deal on the show. Before that, here is a quick update on the net worth of their backyard game.
PaddleSmash Net Worth
When Tim and Scott tried their luck on Shark Tank Season 15 last year, the duo claimed that their sales were more than $1 million. Right after the episode, PaddleSmash witnessed the famous ‘Shark Tank Effect.’ Based on it, the backyard game business was able to make $300K in sales in just a week after the episode.
After this, there is not much clarity if the deal with Mark and Robert was closed or not. However, this did not impact its growth, as the current net worth of PaddleSmash has reached almost $3 million.
PaddleSmash On Shark Tank: A Quick Recap
Aspiring entrepreneurs Tim Swindle and Scott Brown approached the Shark investors seeking $250K for 10% equity. As discussed, PaddleSmash is a mix of pickleball and Spikeball, which they said was invented by their friend Joe Bingham. Tim and Scott joined him in 2021 and got the backyard game manufactured.
Going ahead in the pitch, the entrepreneur duo gave a video demo describing how PaddleSmash is played. Further, they talked about Joe’s invention of the backyard game. Tim and Scott also claimed that together, they hold over 25 years of experience in the toy and game industry.
Boasting their sales of over a million dollars, the PaddleSmash entrepreneurs stated that they paid a 5% royalty to Joe and had the gaming rights with themselves. The pitchers added that their game was available in Scheels, Dick’s Sporting Goods, Amazon, and Academy Sports + Outdoors.
PaddleSmash On Shark Tank: Final Deal
Impressed by the product and pitch, Kevin O’Leary made the first offer at $250K for 20% equity. Seeing this, to demonstrate their suitability for the deal, Robert instantly told the entrepreneurs that he and Mark together owned a Pickleball team. Both the Shark panelists offered a joint deal at $250K for 20% equity.
When Tim and Scott countered Mark and Robert with 15% equity, they denied it. But Kevin said he was ready for 15% equity. After some discussion, the entrepreneurs took up Mark and Robert’s deal for $250K at 20% equity.
Conclusion
The thriving journey of PaddleSmash from season 15 exemplifies the potential of an exciting product combined with the exposure of Shark Tank. Founders Tim Swindle and Scott Brown used their experience from the toy and game industry to impress the Shark investors and bag multiple offers.
Despite the uncertainty regarding their final deal status after Shark Tank, the backyard game business has well capitalized on its appearance on the show. This is what has taken the PaddleSmash net worth to millions of dollars.
Entrepreneur, auteur, raconteur. Rob Merlino is a blogger and writer who enjoys the Shark Tank TV show and Hot Dogs. A father of five who freelances in a variety of publications, Rob has a stable of websites including Shark Tank Blog, Hot Dog Stories, Rob Merlino.com and more.
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