Entrepreneurs Tim Swindle and Scott Brown pitched their innovative portable sports game on Shark Tank Season 15.
Paddlesmash is basically a combination of two of the most popular sports that are taking over America: Pickleball and Spikeball.
Did PaddleSmash get a deal on Shark Tank?
Find out all the details in our Paddlesmash Shark Tank update and pitch recap…
If you’re short on time, here’s a quick overview of what happened to Paddlesmash after Shark Tank:
Quick Summary
Tim Swindle and Scott Brown featured on Shark Tank Season 15, securing a deal with Robert Herjavec and Mark Cuban for $250,000 in exchange for a 20% stake in their company. Regarding the latest Paddlesmash Shark Tank update, the duo revealed that they made $100,000 in sales on the night their episode aired. Additionally, in the days following the broadcast, they reported generating “a couple hundred thousand” in sales.
Table of Contents
PaddleSmash On Shark Tank
| Shark | Result |
| Robert Herjavec and Mark Cuban | Accepted deal of $250,000 for 20% equity |
| Kevin O’Leary | Offered $250,000 for 15% equity (Not Accepted) |
| Barbara Corcoran | No Offer |
| Lori Greiner | No Offer |
PaddleSmash Shark Tank Deal
- Business: Outdoor Paddle Game
- Entrepreneurs: Scott Brown and Tim Swindle
- Asked For: $250,000 for 10% equity
- Shark Tank Deal: $250,000 for 20% equity
- Sharks: Robert Herjavec and Mark Cuban
PaddleSmash Company Info
What Is PaddleSmash?
Paddlesmash is a portable, exciting, and innovative outdoor sport that blends the dynamics of two beloved games—Pickleball and Spikeball. The game is designed for two teams of two players each, making it ideal for family gatherings, friendly competitions, and outdoor fun.
The game setup is simple yet engaging: a circular net is placed on the ground, and players use paddles to bump, set, and smash a ball over the net into the opposing team’s court.
The game is played to 11 points, providing quick yet intense matches. Whether you’re looking for a fun way to stay active or just enjoy some recreational play, Paddlesmash delivers both exercise and entertainment in one portable package.
PaddleSmash Founders:
Paddlesmash Shark Tank Pitch Recap
Scott Brown and Tim Swindle brought their innovative new game, Paddlesmash, to Shark Tank Season 15, aiming to strike a deal with one of the Sharks.
The game itself is an exciting hybrid of two of America’s fastest-growing sports: Pickleball and Spikeball.
During their pitch, the entrepreneurs shared their vision for Paddlesmash, emphasizing its portability, ease of setup, and the combination of fun and fitness that makes it a perfect outdoor activity.
Here’s a detailed breakdown of the Paddlesmash Shark Tank Pitch, the negotiations, and the offers made by the Sharks…
Paddlesmash: An Innovative Sport
Paddlesmash is a new sport that blends Pickleball and Spikeball, played with a circular net and court placed on the ground. The game is designed for two teams of two players, who work together to bump, set, and smash the ball over the net and into the opposing team’s court.
The game is played to 11 points, and is designed to be easy to set up and take down, making it portable and perfect for outdoor activities.
The entrepreneurs made sure to emphasize the game’s physical benefits and entertainment value, positioning it as an ideal product for anyone looking for a fun way to get active.
With its lightweight design and compact size, Paddlesmash is convenient for transport and can be enjoyed at parks, beaches, and backyards.
The Founders and The Story Behind Paddlesmash
Scott and Tim’s journey to Paddlesmash began with an unexpected meeting with Joe Bingham, the inventor of the game. Joe, a structural engineer and father of seven kids, came up with the idea for Paddlesmash.
Tim and Scott, both veterans in the toy and game industry, recognized the potential of Joe’s game.
- Scott Brown owns a chain of toy stores, and Tim Swindle has a background in board game invention.
- Their partnership began when Scott started carrying one of Tim’s board games in his store, which led to a strong professional friendship.
- After meeting Joe and seeing the potential in his game, Scott and Tim decided to license the rights to Paddlesmash, bringing their combined industry experience to help it grow.
They shared their success story with the Sharks, explaining how they had already made $700,000 in sales in just 9 months of operation. The game retails for $200, and costs them $55 to manufacture.
Additionally, Joe receives a 5% royalty on net sales, making it a profitable venture for everyone involved.
Paddlesmash Shark Tank Pitch
Scott and Tim entered the Tank asking for $250,000 in exchange for 10% equity in their company. They were clear that they needed a Shark’s expertise in growing the business, particularly in inventory management and social media marketing, to help Paddlesmash reach its full potential.
The Sharks quickly became intrigued by the product. The combination of Pickleball and Spikeball, two rapidly growing sports in the U.S., piqued their interest.
However, as the pitch progressed, the Sharks began asking questions about the company’s structure, finances, and plans for scaling the business.
Kevin O’Leary Makes the First Offer
The first Shark to speak up was Kevin O’Leary, who wasted no time making an offer. Kevin, known for his bold and no-nonsense approach, was interested in getting involved with Paddlesmash.
- Kevin’s Offer: $250,000 for 20% equity.
Kevin immediately recognized the potential for growth in the sports market and seemed confident that his expertise in branding and business management would help Paddlesmash expand.
However, he was firm on the 20% equity ask, which seemed to catch Scott and Tim off guard.
Robert Herjavec and Mark Cuban Join Forces
Robert Herjavec and Mark Cuban quickly joined the conversation, making their own offer. Robert pointed out that he and Mark already had a stake in the Pickleball industry, owning a Pickleball team together.
This gave them an edge, as they already had connections in the world of recreational sports.
- Robert and Mark’s Offer: $250,000 for 20% equity, with two Sharks involved.
This offer was particularly appealing to Scott and Tim, as it involved two Sharks with valuable industry connections and resources.
However, the duo still seemed hesitant, especially considering that they would be giving up 20% equity for the same amount of investment.
Negotiations With The Sharks
As the negotiations continued, Scott and Tim attempted to negotiate better terms. Scott countered by asking for $500,000 for 20% equity, but Robert and Mark quickly shut him down, explaining that they couldn’t justify that kind of offer.
At this point, Kevin got a little more aggressive. Sensing that the deal might slip away, he lowered his equity demand to 15%—a move that added more pressure to the negotiations.
He made sure to remind Scott and Tim that he was offering $250,000 for 15% equity, a more favorable deal than Robert and Mark’s offer of 20%.
Lori Greiner’s Input
Lori Greiner also made a quick comment during the negotiations. She reminded Scott and Tim that Kevin had already lowered his equity ask, but suggested that he might not be the right fit for their business.
Barbara Corcoran echoed this sentiment, further advising the entrepreneurs that Kevin’s style might not align with their needs for growth and marketing expertise.
Paddlesmash Shark Tank Deal
Despite the tensions in the negotiations, Scott and Tim ultimately decided to accept Robert and Mark’s offer. They agreed to give up 20% equity in exchange for $250,000 in funding and the combined expertise of two Sharks.
This was a pivotal moment in the pitch, as the duo realized that the backing of two experienced investors would give them the resources and connections needed to scale their business.
Will Robert and Mark Help Grow Paddlesmash?
After a somewhat tense and competitive negotiation, Scott and Tim secured their deal with Robert Herjavec and Mark Cuban. However, the deal was still not set in stone at the time of filming.
Tim mentioned that, although they had verbally agreed to the terms, the deal was still pending as of October 2023. The duo shared that they hoped to finalize the agreement once the initial excitement from the episode airing died down.
Despite this, the entrepreneurs were already seeing an uptick in interest. They had experienced record sales following their Shark Tank appearance, with $100,000 in sales on the night their episode aired and several hundred thousand more over the weekend.
The episode was a huge success, and Paddlesmash continued to gain momentum. Retailers like Dick’s Sporting Goods, Scheels, and even Amazon began selling the product, signaling a bright future for the company.
The pitch for Paddlesmash was a memorable one, with dramatic offers, intense negotiations, and a final deal with two Sharks who are deeply involved in the sports world.
The success of their Shark Tank appearance has paved the way for greater visibility and potential growth, and only time will tell how their collaboration with Robert and Mark plays out.
Keep reading our Paddlesmash update to find out what happens following Shark Tank!
Paddlesmash Shark Tank Update
So, what happened to Paddlesmash after Shark Tank?
In terms of the latest Paddlesmash Shark Tank Update, the business has seen remarkable growth, thanks to the exposure the show provided since airing on Shark Tank.
According to Tim Swindle, the night after their episode aired, they made over $100,000 in sales, and by the weekend, they had generated a couple hundred thousand dollars in revenue. This surge in sales highlighted the immense potential of the product and demonstrated the power of the Shark Tank platform in driving consumer interest.
However, as of October 2023, the deal with Robert and Mark had not been finalized. Tim and Scott shared in an interview that both sides had been “dragging their feet” since the pitch.
Despite this delay, Tim remains hopeful that the deal will eventually go through. He mentioned that once the initial chaos from the airing subsides, they plan to reach out to Robert and Mark to see if it still makes sense to move forward with finalizing the partnership.
The impact of Shark Tank on Paddlesmash, though, cannot be overstated. Tim shared that the exposure had opened numerous doors for the company, including interest from retailers, publications, and even international distributors.
Paddlesmash Shark Tank Net Worth
During their Shark Tank pitch, Scott Brown and Tim Swindle valued Paddlesmash at approximately $2.5 million. This valuation was based on their sales figures, with $700,000 in revenue after just 9 months of operation. They also highlighted that each unit retails for $200 and costs them $55 to manufacture, which provided strong profit margins and demonstrated the potential for future growth.
After securing a deal with Robert Herjavec and Mark Cuban for $250,000 in exchange for 20% equity, the company’s valuation was effectively confirmed at $2.5 million. With their backing, Paddlesmash has the opportunity to expand significantly through retail partnerships and marketing strategies, likely increasing its net worth as it grows within the competitive outdoor sports market.
Did PaddleSmash Get A Deal On Shark Tank?
Yes, Paddlesmash secured a deal on Shark Tank.
After some intense negotiations, Scott Brown and Tim Swindle agreed to a $250,000 investment for 20% equity with Robert Herjavec and Mark Cuban. The two Sharks, already involved in the Pickleball industry, offered valuable industry connections and expertise, which made their deal particularly attractive to the entrepreneurs.
Though Scott and Tim initially hoped for a better offer, they ultimately accepted the terms from Robert and Mark. The duo’s combined experience in sports and marketing gave them the confidence that the partnership would help Paddlesmash grow and scale.
Paddlesmash Reviews
Paddlesmash has received positive feedback from customers, with many praising the game’s fun, easy-to-learn nature and the physical exercise it provides.
Reviewers enjoy how it combines the best aspects of both Pickleball and Spikeball, creating an engaging outdoor activity that’s perfect for both casual players and competitive sports enthusiasts.
The portable design and easy setup are frequently highlighted as major advantages, making it a great choice for beach trips, parks, or backyard gatherings.
However, some reviews mention that while the game is great for fun and fitness, the $200 price tag can be a barrier for some potential buyers.
Despite this, most customers agree that the quality of the product justifies the cost, especially considering its durability and the enjoyment it brings.
Overall, Paddlesmash has garnered a solid reputation as an exciting and versatile game for all ages.
Where To Buy Paddlesmash?
Paddlesmash is available for purchase directly through the company’s official website, where customers can easily order the game and have it delivered to their doorstep. In addition to online sales, the game is also carried by major retailers such as Dick’s Sporting Goods and Scheels, making it accessible in stores for customers who prefer to shop in person.
For those who prefer shopping online, Paddlesmash can also be found on Amazon, where it is offered alongside other popular sports and outdoor games. Whether you’re looking to buy it directly or through a retailer, there are plenty of options to get your hands on this exciting new game.
Future of Paddlesmash: Where Is The Business Headed?
Looking ahead, the future of Paddlesmash is bright. Tim and Scott are focused on scaling their operations and expanding their reach both domestically and internationally.
The partnership with Robert and Mark, if finalized, would help the company grow through increased access to retail networks and improved marketing strategies.
Paddlesmash is also exploring new opportunities to improve the game’s appeal, with plans to expand its retail presence and potentially release additional products.
As Tim and Scott continue to navigate the post-Shark Tank journey, it’s clear that they’re poised to make a significant impact in the sports and entertainment space.
Lessons Learned From Paddlesmash Shark Tank Journey
What can entrepreneurs learn from Paddlesmash’s journey on Shark Tank? For one, the importance of finding the right partner cannot be overstated. Tim and Scott’s partnership with Joe Bingham, the game’s inventor, was essential in bringing the product to market.
Moreover, their combined experience in the toy and game industry provided the expertise needed to navigate the competitive landscape.
Additionally, the willingness to adapt and negotiate is crucial. While Tim and Scott were initially aiming for a larger deal, they showed flexibility during negotiations, ultimately securing a partnership with Robert and Mark.
Their persistence and willingness to adjust helped them land the deal that will drive their business forward.
FAQs On Paddlesmash Shark Tank Update Today
Who Is The Owner Of PaddleSmash?
Paddlesmash was founded by Scott Brown and Tim Swindle. Both entrepreneurs bring over 25 years of experience in the toy and game industry, with Scott owning a chain of toy stores and Tim specializing in board game invention. They partnered with Joe Bingham, the original inventor of the game, to bring Paddlesmash to market.
Did PaddleSmash Get A Deal On Shark Tank?
Yes, Paddlesmash secured a deal on Shark Tank. Entrepreneurs Scott Brown and Tim Swindle accepted an offer from Robert Herjavec and Mark Cuban for $250,000 in exchange for 20% equity in their company, although they initially negotiated for different terms.
Is PaddleSmash Worth It?
Yes, Paddlesmash is worth it if you enjoy fun, fast-paced outdoor games like Pickleball and Spikeball. With its portable design, easy setup, and engaging gameplay, it offers great value for both exercise and entertainment. Whether for casual play or competitive fun, it’s a unique and enjoyable game that delivers a lot of excitement.
How Much Money Has PaddleSmash Made?
As of the time of filming their Shark Tank episode, Paddlesmash had generated $700,000 in sales. After their appearance on the show, they experienced a significant sales boost, making over $100,000 in sales the night the episode aired and a few hundred thousand more over the weekend.
Is PaddleSmash Successful?
Yes, Paddlesmash has seen significant success since its launch, with the company generating over $700,000 in sales within just nine months of operation. The Shark Tank appearance helped boost its visibility, leading to increased interest from retailers, publications, and international distributors, further contributing to its growth.
What Happened To PaddleSmash After Shark Tank?
After appearing on Shark Tank, Paddlesmash saw a significant boost in sales, with the company earning over $100,000 in sales the night the episode aired. Although the deal with Robert Herjavec and Mark Cuban has not yet been finalized as of October 2023, the exposure helped the business gain attention from retailers, publications, and international distributors, leading to even more growth.
Is PaddleSmash Still In Business?
Yes, Paddlesmash is still in business. Since appearing on Shark Tank, the company has experienced significant growth and continues to sell its products through various retailers, including Dick’s Sporting Goods, Scheels, and Amazon. They are actively expanding their presence and attracting new customers both in the U.S. and internationally.
Conclusion: Paddlesmash After Shark Tank
The Paddlesmash Shark Tank Update reveals a company on the rise. Although the deal with Robert and Mark hasn’t been finalized, the exposure from the show has already proven invaluable.
With a surge in sales, increased retailer interest, and a growing customer base, Paddlesmash is poised for even greater success in the future.
If you haven’t already, check out this exciting game at retailers like Dick’s Sporting Goods or on Amazon, and keep an eye on this innovative brand as it continues to evolve and grow!
As always, we’ll be keeping you updated on the latest news and developments with Paddlesmash Shark Tank Update and other Shark Tank businesses, so stay tuned for more exciting stories from the world of entrepreneurship!
In the meantime, you can check out more Company Updates on Shark Tank Season 15 Episode 4 by clicking on the links below:
- Monosuit After Shark Tank Update
- Buena Papa French Fry Bar Shark Tank Update
- FairyTail Pet Care Shark Tank Update
Before you go, make sure to visit our Season 15 Company Updates Page, All Company Updates Page and Shark Tank All Products Page for more information on various companies and products featured in the Show.
At the same time, you can FOLLOW our blog to get the latest updates on businesses featured in Shark Tank Show. And, if you have any questions, you can send us message at your convenience.
Lastly, you can check out more Company Updates for the businesses featured in Shark Tank Season 14 by visiting our Season 14 Company Updates Page.
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