PaddleSmash is a game that is a combination of pickleball and Spikeball. This game was invented by Joe Bingham so that he could entertain his 7 kids. Joe’s kids love to play Spikeball, but Joe also loves to play pickleball, so he needed a way to combine the two sports.
After making a prototype with a lot of plastic and some netting, he made the final product which his children love to play with. Tim Swindle and Scott Brown are both entrepreneurs in the toy and game space. When they started playing this game, they liked it very much.
In 2021, Tim and Scott joined forces with Joe Bingham to create PaddleSmash. Tim Swindle and Scott Brown appeared on Shark Tank Season 15 Episode 4 for an investment to expand their business.
This company became successful within a short time of its launch, generating over $1 million in sales.
What Is PaddleSmash?
PaddleSmash is a new game which is a combination of Pickleball and Spikeball. This game comes with a net system, a foldable court, Paddles, and 2 balls. This game can be played by 2 to 4 people.
Each match lasts for 15 minutes and the cost of the game is $199.99. You can buy this game from Amazon, Sports Retail stores like Dicks Sporting Goods, Scheels, Academy Sports + Outdoors or the company website.
|Founder||Tim Swindle, Scott Brown and Joe Bingham|
|Product||New Outdoor Game|
|Asked For||$250k for 10% equity|
|Final Deal||$250k for 20% equity|
|Shark||Mark Cuban||Robert Herjavec|
|Episode (Shark Tank USA)||S15 E4|
|Air Date||Oct 20, 2023|
|Business Status||In Business|
|Headquarters||Alpine, Utah, USA|
|Lifetime Worth (Sales)||$1M *estimated|
|Buy and Watch||Buy Now||Amazon Prime|
Another Shark Tank Pitch
Who Is The Founder Of PaddleSmash?
PaddleSmash Game Company’s Co-Founders are Tim Swindle, Scott Brown, and Joe Bingham. Joe invented this game.
How Was The Shark Tank Pitch Of PaddleSmash?
Tim Swindle, and Scott Brown ask the Sharks for $250,000 for 10% equity after entering Shark Tank. They explained the PaddleSmash game to the sharks. Joe is the inventor of this product. Tim and Scott has made a royalty deal with Joe for this product.
The landed cost of the product is $55 and it is sold for $200. Joe gets 5% royalty on net sales. The business has been in business for 9 months and so far they have made a total of $700,000 in sales.
Founders need funding for social media marketing and inventory. Kevin O’Leary immediately offered $250k for 20% equity at a $1.2 Million Valuation. Mark Cuban and Robert Herjavec came together to offer $250k for 20% equity.
The founder countered with $500k for 20% equity at a $2.5 Million Valuation but Mark refused. Kevin O’Leary moved up to 15% equity. The founder asked Robert and Mark would they match Kevin’s offer but Mark said no.
Tim Swindle and Scott Brown accepted Mark and Robert’s offer.
What Happened To PaddleSmash After Shark Tank?
PaddleSmash got the deal on Shark Tank. Mark Cuban and Robert Herjavec together invested in this company. After Shark Tank, this company got a very good response, many people must have bought this new game.
PaddleSmash Shark Tank Update
PaddleSmash founders asked for investment on Shark Tank at a $2.5 million valuation, but received $250k in funding at a $1.2 million valuation. The profit margin of this company is very high. To expand the business, a good marketing strategy is needed.
What Is PaddleSmash Net Worth?
Monosuit’s net worth is estimated at $0.5 million. This is a new game which is a combination of pickleball and Spikeball. Currently, many people are playing this new game in Utah. This game can be played in any small place with the family.
Is PaddleSmash Still In Business?
PaddleSmash business started in 2021 and within a short time of its launch, the company’s sales reached millions of dollars.
The headquarters of this company is in Alpine, Utah, United States, and 2-10 people are working in it.
Yes, PaddleSmash is still in business as of October 2023.
frequently asked questions
Who founded PaddleSmash?
PaddleSmash was founded by Tim Swindle, Scott Brown, and Joe Bingham in 2022.
Did PaddleSmash get a deal on Shark Tank?
PaddleSmash got a deal on Shark Tank. Mark Cuban and Robert Herjavec invested in this company.