The Spooner Shark Tank Update

The Spooner Shark Tank Pitch

Randy Putland, Bernie Miller, and Ruben Guymer appeared on Shark Tank Season 7, Episode 27, which aired on May 6, 2016, with practice board for working on your skateboard and surfboard balance.

The Spooner is listed in the Fitness Outdoors category. In plain terms, the business is described as practice board for working on your skateboard and surfboard balance.

The Spooner asked the Sharks for $400,000 for 16%, implying a valuation of about $2.5 million.

On the show, The Spooner made a listed deal with Barbara Corcoran and Mark Cuban for $400,000 for 16%.

If treated as straight equity, the listed deal works out to about $2.5 million implied valuation, roughly the same implied valuation as the ask.

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

The Spooner After Shark Tank

The Spooner accepted an on-air Shark Tank deal for $400,000 for 16%. The on-air deal did not close. Follow-up reporting lists the company as in business. (Spooner Boards Shark Tank Update

The Spooner reported annual revenue of $2 million as of April 2023. (Spooner Boards Shark Tank Update

They’ve even achieved their goal of getting shelf space in big box stores, entering Walmart and other retailers. (Spooner Boards Shark Tank Update

The boards are available on their site at the prices mentioned on Shark Tank, with optional accessories easily added. (Spooner Boards Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches