FlingGolf Shark Tank Update

FlingGolf Shark Tank Pitch

Alex Van Allen and John Pruellage appeared on Shark Tank Season 12, Episode 24, which aired on May 14, 2021, with Golf-stick attachment for playing lacrosse-like golf 2.0.

FlingGolf is listed in the Fitness Outdoors category. In plain terms, the business is described as Golf-stick attachment for playing lacrosse-like golf 2.0.

FlingGolf asked the Sharks for $300,000 for 10%, implying a valuation of about $3 million.

On the show, FlingGolf made a listed deal for $300,000 for 25%.

If treated as straight equity, the listed deal works out to about $1.2 million implied valuation, down from the original $3 million implied valuation.

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

FlingGolf After Shark Tank

FlingGolf accepted an on-air Shark Tank deal for $300,000 for 25%. Later reporting says the deal did not close after filming. (FlingGolf Shark Tank Update

By 2021, FlingGolf was reported at about $1 million in sales. (FlingGolf Shark Tank Update

The company does not appear on Daniels portfolio website. (FlingGolf Shark Tank Update

My guess is it won't close because Fling Golf doesn't need the money. (FlingGolf Shark Tank Update

In the 48 hours after FlingGolf's initial air date, FlingGolf sold more product than FlingGolf does in a month. (FlingGolf Shark Tank Update

FlingGolf now uses flinggolf.com as its customer-facing site. (FlingGolf website

Sources

Sources used for this page: Shark Tank API pitches