PaddleSmash Shark Tank Update

PaddleSmash Shark Tank Pitch

Scott Brown and Tim Swindle appeared on Shark Tank Season 15, Episode 4, which aired on October 20, 2023, with Outdoor paddle game.

PaddleSmash is listed in the Fitness Outdoors category. In plain terms, the business is described as Outdoor paddle game.

PaddleSmash asked the Sharks for $250,000 for 10% equity, implying a valuation of about $2.5 million.

On the show, PaddleSmash made a listed deal with Mark Cuban and Robert Herjavec for $250,000 for 20% equity.

If treated as straight equity, the listed deal works out to about $1.3 million implied valuation, down from the original $2.5 million implied valuation.

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

PaddleSmash After Shark Tank

PaddleSmash accepted an on-air deal for $250,000 for 20% equity. After filming, that deal closed. (PaddleSmash Shark Tank Update – Shark Tank Season 15

As of the first re-run of this episode in May, 2024 (about 6 months after the original air date), there is no evidence the deal with Mark and Robert has closed. (PaddleSmash Shark Tank Update – Shark Tank Season 15

In the week following the original air date, PaddleSmash did over $300,000 in sales. (PaddleSmash Shark Tank Update – Shark Tank Season 15

PaddleSmash for the deal with Mark and Robert, it hasn’t gone through yet, and at this point, may not. (PaddleSmash Shark Tank Update – Shark Tank Season 15

Sources

Sources used for this page: sharktankblog.com