Tandem Boogie Shark Tank Update

Tandem Boogie Shark Tank Pitch

Clark Family appeared on Shark Tank Season 12, Episode 17, which aired on March 11, 2021, with inflatable bodyboard designed to carry two people.

Tandem Boogie is listed in the Other category. In plain terms, the business is described as inflatable bodyboard designed to carry two people.

Tandem Boogie asked the Sharks for $100,000 for 10%, implying a valuation of about $1 million.

On the show, Tandem Boogie made a listed deal with Robert Herjavec for $100,000 for 35%.

If treated as straight equity, the listed deal works out to about $285,714.286 implied valuation, down from the original $1 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Tandem Boogie After Shark Tank

Tandem Boogie accepted an on-air Shark Tank deal for $100,000 for 35%. Later reporting says the deal closed after filming. (Tandem Boogie Shark Tank Update

Tandem Boogie lifetime was reported at about $40,000 in sales. (Tandem Boogie Shark Tank Update

It caused a lot of customers to be upset. (Tandem Boogie Shark Tank Update

Robert has been helping with marketing and Daniel has been reaching out to big retailers. (Tandem Boogie Shark Tank Update

The company also introduced the inflatable TANDM Surfboard which can also accommodate 2 people. (Tandem Boogie Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches