FlingGolf is a golf course and is a combination of golf and lacrosse. FlingGolf Founders Alex Van Allen and John Pruellage Appeared in Shark Tank Season 12 Episode 24 and Asked the Sharks for $300,000 for 10% Equity at a $3 Million Valuation.
This FlingGolf is designed to work with both a lacrosse stick and a golf stick. Through this, golf can be played with a ball with greater accuracy and it can be inserted into the hole. A golf stick is very expensive, it is not easy for any common people to buy this stick.
Different types of rules have to be followed in this game as On the Tee, in The Fairway, on The Green, Sand Bunker, Water Hazard, out Of Bounds or Lost Ball.
This golf stick is quite simple to use, any person can use it very easily. Whether he is an expert in it or not. It provides a simple solution to the user to play golf with more accuracy.
The founder started this business in 2012 by investing $1.5 million of his own money. A few years later, They raised another $500,000 in funding to grow their business.
Shark negotiated with an entrepreneur to invest in FlingGolf Business, and Finally, Daniel Lubetzky made $300,000 for 25% equity in the business.
What Is FlingGolf?
FlingGolf is a golf course and is a combination of golf and lacrosse. Through this one can put the ball in the hole with more accuracy without any expert. It allows players to throw the ball up to 200 yards. Not possible for a simple golf stick.
Golf is an expansive game. Rich people play this game and have to follow a lot of rules & guidelines. Every shot of this stick makes for perfect shots and it reaches very close to the hole.
All the technology has been taken care of to make this stick, in this we get good quality Gripp, Channel, Striker Pad, Shaft & Head.
These different types of golf sticks are sold The Launch, the Stinger, the Ballistick, and the Junior. Its price ranges from $89 – $189.
|Founder||Alex Van Allen and John Pruellage|
|Product||Golf-stick attachment for playing lacrosse-like golf|
|Asked For||$300,000 for 10% equity|
|Final Deal||$300,000 for 25% equity|
|Episode (Shark Tank USA)||Season 12 Episode 24|
|Air Date||May 14, 2021|
|Business Status||In Business|
|Net Worth||$1.2 Million *estimated|
|Headquarters||Amesbury, Massachusetts, US|
|Go To Amazon||Buy Now|
Another Shark Tank Pitch
Who Is The Founder Of FlingGolf?
The Founder & CEO of FlingGolf by New Swarm Company is Alex Van Allen. Alexander is a golf player, he likes this game very much.
After completing his graduation from the University of Colorado Boulder, He was Director of Land Protection and Stewardship at Williston Conservative Trust for 7 years.
After this, he worked for a few years at Country Properties, Essex County Trail Association. In April 2012, FlingGolf by New Swarm was launched.
John Pruellage is the partner of the New Swarm Sports. John mainly works in the television advertising technology sector.
FlingGolf Before Shark Tank
Alex grew up in Farm West of Philly with his two brothers, he has a lot of sports equipment. The three used to spend a lot of team with their neighbor friends and combine different equipment for the sport together to make their own “original sports”.
Examples, Football on skates, ultimate frisbee on dirt bikes, and golf with lacrosse sticks.
He got this business idea from combining lacrosse sticks with golf. The ball can be pushed to a greater distance with the help of this lacrosse stick.
It took them many years to build the prototype of this product. After the prototype was made, he tested the perfect angle, length, weight, and balance.
He brought his product to Walt Lanka, a board member of the National Golf Course Owners Association, to know what he thought about it. He liked the idea because, in reality, it is a must for golf courses.
This product was presented at the NGCOA Annual Conference in February 2014 and got a very good response.
Alex Van Alen, Creator of FlingGolf said, “OUR GOAL IS TO HAVE OUR PLAYERS CONQUER ALL 15,000 GOLF COURSES IN THE US AND 35,000 AROUND THE GLOBE.”
This is taking the golf sport towards a new sport which is really a unique sport. If the founder needs funding, then he has come to Shark Tank to get funding.
How Was The Shark Tank Pitch Of FlingGolf?
Founders Alex Van Allen and John Pruellage, along with Fling Golf, entered Shark Tank and asked the sharks for $300,000 for 10% equity. They told their story on the pitch and invited the shark to use it, Daniel used it and threw the golf ball.
Robert says that you have developed lacrosse on the golf course. In 2019, they had sold $140,000, in 2020 their sales were completed by $142,000 by July. Making costs $25-$35 and its selling cost $119 – $179..
They have raised $2 million so far which They have their own investment of $1.5 million and have raised another $500,000. Kevin, Lori & Mark all three got out of this business offer. They mainly do not like valuation & sales much.
Daniel is interested in this business. He offered $300,000 for a 33.3% equity. Robert matched the Daniels offer of $300,000 for a 33.3% equity.
John counters Shark for $300k for a 20% equity. Daniel offered $300k for a 25% equity and gave him 5 seconds to close it. Alex & John agreed to Daniel’s offer.
Finalize: Daniel Lubetzky invested $300,000 in FlingGolf for 25% equity.
What Happened To FlingGolf After Shark Tank?
FlingGolf got a great deal in Shark Tank Daniel became another partner in this business and he would promote it through his snack company.
This company’s product is currently being used in 1400 courses. Founder Alex says “our Goal Is to Have Our Players Conquer All 15,000 Golf Courses in The Us and 35,000 Around the Globe.”
It’s Going To Debut on ESPN On July 23, 2022, and They Have To Say “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.”
On August 2022, the company did its Pre-registration is available for the Virginia FlingGolf Open! has been launched.
FlingGolf Shark Tank Update
Daniels hasn’t closed the deal with FlingGolf yet, though we don’t have any solid proof about it. After Shark Tank, the growth of this company is going very well, many people are participating in the event organized by it.
In 2021, the founder had estimated their sales to be $1 million. They played New Swarm FlingGolf Classic Tournament on May 21-22. This is the first world fling tournament at the American Classic Golf Club in Delaware.
Their sales in 2021 were $1.3 million and the sales report for 2022 is yet to be available.
What Is FlingGolf Net Worth?
For this company, the entrepreneur earned $300k from the sharks in Shark Tank at a $3 million valuation. But this $1.2 million valuation signed the deal. Meanwhile, the company has generated some decent sales and the Expect FlingGolf net worth is $1.2 million.
Is FlingGolf Still In Business?
FlingGolf branding is happening slowly now. Recently, they released a new podcast for this. So far we have not been able to get much information about this company.
Yes, Fling Golf is still in business as of September 2022.