PaddleSmash Shark Tank Update (Season 15)

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.

Company NamePaddleSmash
FounderTim Swindle, Scott Brown and Joe Bingham
ProductNew Outdoor Game
Asked For$250k for 10% equity
Final Deal$250k for 20% equity
SharkMark Cuban Shark Tank Profile Mark CubanRobert Herjavec Robert Herjavec
Episode (Shark Tank USA)S15 E4
Air DateOct 20, 2023
Business StatusIn Business
WebsiteVisit Website
HeadquartersAlpine, Utah, USA
Lifetime Worth (Sales)$1M *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

Who Is The Founder Of 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 their game product 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 a 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.

PaddleSmash Shark Tank Update

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.

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.

Annual Revenue by Years

Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.

YearsAnnual Revenue
2023$200k *estimated
2022$500k *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
2023$250kMark Cuban
Robert Herjavec

This 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.

Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x