FlingGolf is a unique sport that combines elements of golf and lacrosse. The founders, Alex Van Allen and John Pruellage, appeared on Shark Tank Season 12, Episode 24, seeking $300,000 for 10% equity in their business, which was valued at $3 million.
FlingGolf is designed to be played with a specialized stick that works similarly to both a lacrosse stick and a golf club. This innovative design allows players to achieve greater accuracy and successfully complete the game. Traditional golf clubs can be quite expensive, making FlingGolf a more accessible option for many people.
The game follows specific rules, including those for play on the tee, fairway, green, sand bunker, water hazard, out of bounds, and lost ball.
The FlingGolf stick is user-friendly, suitable for both beginners and experienced players. It offers a straightforward solution for enhancing accuracy in golf.
The founders invested $1.5 million of their own money to start the business in 2012 and later raised an additional $500,000 to support its growth.
During their Shark Tank appearance, Daniel Lubetzky negotiated an investment of $300,000 for 25% equity in FlingGolf.
FlingGolf provides a simpler and more affordable way to enjoy the game of golf. It allows players to throw the ball up to 200 yards, a feat not easily achieved with traditional golf clubs.
Golf is often associated with high costs and numerous rules. FlingGolf aims to make the game more accessible and enjoyable for everyone. The stick’s design includes high-quality grips, channels, striker pads, shafts, and heads.
FlingGolf offers various models, including The Launch, The Stinger, The Ballistick, and The Junior, with prices ranging from $89 to $189.
| Company Name | FlingGolf |
| Founder | Alex Van Allen and John Pruellage |
| Founded | 2012 |
| Product | Golf-stick attachment for playing lacrosse-like golf |
| Asked For | $300k for 10% equity |
| Final Deal | $300k for 25% equity |
| Shark | Daniel Lubetzky |
| Episode (Shark Tank USA) | S12 E24 |
| Air Date | May 14, 2021 |
| Business Status | In Business |
| Net Worth | $1.2 Million *estimated |
| Website | Visit Website |
| Headquarters | Amesbury, Massachusetts, US |
| Go To Amazon | Buy Now |
Another Shark Tank Pitch
Who Is The Founder Of FlingGolf?
The Founder and CEO of FlingGolf by New Swarm Company is Alex Van Allen, a passionate golfer.
After graduating from the University of Colorado Boulder, Alex served as the Director of Land Protection and Stewardship at the Williston Conservation Trust for seven years. He then worked at Country Properties and the Essex County Trail Association before launching FlingGolf by New Swarm in April 2012.
John Pruellage is a partner at New Swarm Sports. He primarily works in the television advertising technology sector.
How Was The Shark Tank Pitch Of FlingGolf?
Founders Alex Van Allen and John Pruellage, along with FlingGolf, appeared on Shark Tank seeking $300,000 for 10% equity in their company. During their pitch, they demonstrated the product, and Daniel Lubetzky tried it out by throwing the golf ball.
Robert Herjavec commented that FlingGolf combines elements of lacrosse with golf. In 2019, the company sold $140,000 worth of product. By July 2020, their sales had reached $142,000. The cost of production ranges from $25 to $35, while the selling price is between $119 and $179.
FlingGolf has raised a total of $2 million to date, including an initial investment of $1.5 million and an additional $500,000. Kevin O’Leary, Lori Greiner, and Mark Cuban all decided not to invest, primarily due to concerns about valuation and sales performance.
Daniel Lubetzky expressed interest and offered $300,000 for 33.3% equity. Robert Herjavec matched this offer, also proposing $300,000 for 33.3% equity.
John Pruellage countered with an offer of $300,000 for 20% equity. Daniel then revised his offer to $300,000 for 25% equity and gave them 5 seconds to accept. Alex and John agreed to Daniel’s revised offer.
Finalize: Daniel Lubetzky invested $300,000 in FlingGolf for 25% equity.
FlingGolf Shark Tank Update
FlingGolf secured a promising deal on Shark Tank, with Daniel Lubetzky joining as a partner and planning to promote the sport through his snack company.
Currently, FlingGolf is used at 1,400 courses. Founder Alex Van Allen aims to have players conquer all 15,000 golf courses in the U.S. and 35,000 globally.
The sport is set to debut on ESPN on July 23, 2022. The company teased the event, stating, “We will have more details in the next few days, but get ready to watch some of our greatest athletes battle it out in their respective competitions! It’s the dawn of a new era.”
In August 2022, FlingGolf launched pre-registration for the Virginia FlingGolf Open.
Although the deal with Daniel Lubetzky had not yet been finalized, the company’s growth post-Shark Tank has been strong, with increasing participation in their events.
In 2021, the company estimated its sales to be $1 million. They hosted the New Swarm FlingGolf Classic Tournament on May 21-22, marking the first world fling tournament at the American Classic Golf Club in Delaware.
Sales for 2021 reached $1.3 million, and the sales report for 2022 is pending.
What Is FlingGolf Net Worth?
On Shark Tank, FlingGolf secured $300,000 from the sharks at a $3 million valuation. However, the final deal was signed at a $1.2 million valuation. Since then, the company has generated respectable sales, and FlingGolf’s estimated net worth is now $1.2 million.
Branding efforts for FlingGolf are progressing gradually. Recently, they launched a new podcast to promote the sport. However, detailed information about the company’s current activities remains limited.
Yes, Fling Golf is still in business as of April 2024.
