PaddleSmash Update | Shark Tank Season 15
Tim Swindle and Scott Brown came on Shark Tank 15 to present their portable outdoor paddling game, PaddleSmash. PaddleSmash is a new game that is a combination of Pickleball and Spikeball, the two popular sports that are currently taking over America.
Tim and Scott managed to convince Mark Cuban and Robert Herjavac and secured $250,000 in exchange for 20% equity in the company. As of March 2024, PaddleSmash is still in business and generating good revenue.
Are you curious about the company sales and Sharks agreements after the show? We contacted the founders and got a fresh PaddleSmash update for you.
If you’re in a hurry and don’t have to read the whole story, here’s a brief overview of what happened to PaddleSmash after Shark Tank!
PaddleSmash secured a combined deal from Mark Cuban and Robert Herjavac. We talked to Tim Swindle, who said, “We did over $100,000 in sales the night after their episode aired and “a couple hundred thousand through the weekend.”
They’ve filed a patent application for this game, and it’s pending. Until November 2023, the agreement with Mark and Robert hasn’t been completed yet, but they’re hopeful it will.
As of March 2024, PaddleSmash is still in business and generating good revenue. We’ll touch base with the founders again to get fresh updates about this company.
Read more company updates featured in Shark Tank 15:
| Company Name | PaddleSmash |
|---|---|
| Founders | Tim Swindle, Scott Brown |
| Founded | 2023 |
| Business | Outdoor Paddle Game |
| Ask | $250,000 for 10% equity |
| Deal | $250,000 for 20% equity |
| Sharks | Robert Herjavec, Mark Cuban |
About the Company
The co-founders of PaddleSmash are Tim Swindle, Scott Brown, and Joe Bingham. Joe, a structural engineer, invented this game.
Scott owned a chain of toy retail stores, and Tim invented board games. When Scott started selling one of Tim’s games in his store, they became friends immediately and decided to work together.
They eventually met the inventor of PaddleSmash, Joe Bingham. Later, the duo decided to license the rights to this game while Joe was paid a 5% royalty on the net sales of the product.
PaddleSmash is an outdoor game that is a combination of Pickleball and Spikeball. Pickleball is the fastest-growing sport in North America, while Spikeball is a widely popular outdoor game.
This game has a net system, a court, 4 paddles, and 2 balls. The court, which is the base, can be folded in half and becomes a case for the game.
The game is portable, easy to set up and take down within minutes. It is an excellent option for outdoor entertainment for families with teenagers over the age of 13.
The game is played 2 versus 2. The teammates work together to bump, set, and smash the ball into the court between them and over the net. The opposing team’s job is the same.
Furthermore, the games are played to 11 points, so they are quick, fun, and energetic.
The price of PaddleSmash is $199.99. The game is available on Amazon, Sports Retail stores such as Schemes, Dicks Sporting Goods, Chicken N Pickle or the company’s website.
PaddleSmash Shark Tank Pitch Recap
Entrepreneurs Tim Swindle and Scott Brown appeared on Shark Tank to pitch their outdoor paddle game company, PaddleSmash.
The duo made an entrance swinging around their paddles, resulting in amusing laughs from the Sharks present there.
Tim and Scott asked the Sharks for a $250,000 investment in exchange for 10% equity in their company.
After explaining their product, its functionality, and how they started their company, the Sharks asked a few questions.
When Shark Barbara Corcoran asked about the costs and profits, Tim said they retail it for $200 while it takes them $55 to manufacture it.
Robert Herjavec asked, “Have you sold any?” To that, Scott said that after 9 months, they had sold an impressive $700,000 worth of products.
Kevin O’Leary asked them whether they had made any money from the product, and Scott said they were at break even.
When Robert Herjavec asked them how they sell the product, they said that they sell directly to consumers through e-commerce stores, their official website, and some other retailers.
When Kevin O’Leary asked, “What do you need the $250,000 for?” The entrepreneurs said that even though their product was great, they needed some help with inventory and development through social media marketing.
Kevin O’Leary was the first Shark to make them an offer. He offered the duo $250,000 for 20% equity in their company.
Robert Herjavec came in next as he and Mark Cuban own a pickleball team together. They decided to team up and offered $250,000 for 20% equity, matching Kevin’s offer but offering two Sharks.
Tim tried to counter for $500,000 and 20% equity, but Robert and Mark turned him down right away. Just then, Kevin decided to drop his equity asked down to 15%.
After a brief discussion with Tim, Scott countered Robert and Mark again, asking them to match Kevin’s offer and come down to 15%, but both of the Sharks declined again. Eventually, the duo accepted the deal from Robert and Mark.
PaddleSmash Update After Shark Tank
After Shark Tank, their deal with Robert Herjavec and Mark Cuban on the show has opened up many doors for Paddlesmash.
The company made over $100,000 in revenue the night after their episode aired on Shark Tank and then a couple hundred thousand dollars over the weekend.
After having their best 4 sales days, PaddleSmash gained attention from various retailers, publications, and international distributors.
Besides Shark Tank, PaddleSmash has also been featured in prominent magazines like Forbes, Today, WSJ, The Dink, and Good Morning America.
Conclusion
PaddleSmash’s appearance on Shark Tank was a huge success, and it received significant exposure. It also resulted in a very good response from customers worldwide. The company generated over $100,000 on episode premier day. We hope that Tim and Scott will grow this company.
