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What is Paddlesmash Outdoor Game?
Paddlesmash is an innovative outdoor game that combines pickleball and spikeball elements. Played in teams of two, the game involves a circular net and court set on the ground, with players bumping, setting, and smashing the ball over the net to score points (played to eleven).
Portable and easy to set up, Paddlesmash offers a convenient and dynamic outdoor gaming experience.
Featured on Shark Tank Season 15, entrepreneurs Tim Swindle and Scott Brown secured a $250,000 deal with Robert Herjavec and Mark Cuban for a 20% equity share.
Paddlesmash Game Net Worth
Although Paddlesmash’s net worth has fluctuated since its appearance on Shark Tank, it is currently estimated to be around $1.5 million.
The initial valuation of the company was $2.5 million, but the final valuation after the Shark Tank appearance was $1.25 million.
Despite not accepting the investment offer, the exposure on the show has undoubtedly contributed to the growth and success of Paddlesmash.
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Founder Story
The story behind Paddlesmash begins with the inventive spirit of Joe Bingham, a structural engineer and father of seven. Bingham conceived the game, which seamlessly blends elements of pickleball and spikeball.
The dynamic duo behind the entrepreneurial journey, Tim Swindle and Scott Brown, entered the scene with a shared passion for the world of toys and games.
Recognizing the game’s potential, Scott and Tim decided to license the rights to Paddlesmash. The game, which retails for $200 and costs $55 to produce, involves a 5% royalty payment to Joe on net sales.
Their hard work paid off when they secured a spot on the popular TV show Shark Tank.
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Shark Tank Appearance
In a thrilling episode of Shark Tank Season 15, entrepreneurs Scott Brown and Tim Swindle unveiled their outdoor paddle game, Paddlesmash, seeking a $250,000 investment for a 10% equity stake in their company.
Founders explain their product is price as $200, with a $55 production cost, Paddlesmash achieved $700,000 in sales within its first nine months. Despite this success, Scott and Tim sought a shark for inventory and social media marketing support.
Kevin O’Leary, Robert Herjavec, and Mark Cuban competed for a deal. After negotiations, Robert and Mark secured the entrepreneurs with a $250,000 investment for a 20% equity share.
A post-Shark Tank update revealed Paddlesmash’s immediate sales success, surpassing $100,000 on the night of the episode.
Business Model
Paddlesmash operates on a direct-to-consumer business model. The game is sold through their official website and select retail partners.
The Paddlesmash set includes four pickball paddles, two balls, and a convenient carrying case.
The company has positioned itself as a premium outdoor game brand, focusing on quality and customer satisfaction.
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Where to Buy?
Paddlesmash can be purchased directly from their official website. Additionally, the game is available through select retail partners, providing customers with convenient options for purchasing their own Paddlesmash set.
Social Media Handles
In terms of social media presence, Paddlesmash has actively engaged with its audience on platforms such as Instagram, Facebook, and Twitter.
Their social media accounts showcase gameplay videos, customer testimonials, and updates on new product releases.
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Words from author
Paddlesmash has quickly become a prominent player in the outdoor sports industry. With its unique combination of spikeball and pickleball elements, the game offers a fun and engaging experience for players of all ages.
Despite not accepting the investment offer on Shark Tank, Paddlesmash has seen significant growth, with an estimated net worth of $1.5 million.
