PaddleSmash, featured in episode 05 of season 13 on Shark Tank, is an outdoor game that combines the best elements of Spikeball and Pickleball to create a fun and engaging experience for players of all ages and abilities.
The game involves 2-4 players who aim to bump, set, and smash the ball back into the court, making it challenging for their opponents to reach. PaddleSmash is easy to play, making it accessible to a broad range of consumers.
The game provides entertainment as well as promotes physical activity and friendly competition. Its portable design allows for gameplay in various settings, whether it’s at the beach, park, or backyard.
PaddleSmash has gained popularity for its social aspect, bringing people together for a shared experience of fun and excitement. With endorsements from notable media outlets like Today, Forbes, and Good Morning America, the game has garnered attention and positive reviews.
Additionally, its availability on multiple platforms, including the official website and major retailers like Amazon, Dick’s Sporting Goods, Scheels, and Academy Sports + Outdoors, makes it easily accessible to interested buyers.
PaddleSmash stands out as a versatile and engaging outdoor game that offers a blend of competition, skill, and enjoyment for players of varying ages and skill levels.
Its innovative design, ease of play, and widespread availability make it a compelling choice for those looking to add a new dimension of fun to their outdoor activities.
|Joe Bingham, Scott Brown, and Tim Swindle
|Product / Business
|Outdoor paddle games
|Investment Asking For
|$200,000 for 10% equity in PaddleSmash
|$200,000 for 20% equity in PaddleSmash
|Robert Herjavec and Mark Cuban
|Season 15, Episode 4
|PaddleSmash Business Status
|PaddleSmash Net Worth
What Is PaddleSmash?
PaddleSmash is a new outdoor game that combines the best elements of Pickleball and Roundnet into a fun and easy-to-learn game. It is perfect for playing in your backyard or at the beach with your family and friends.
PaddleSmash is a paddle sports game that provides entertainment and fun for players of all ages and experience levels. It involves hitting a ball with paddles onto a hard surface for spiking, creating an engaging and interactive gameplay experience.
The game is designed for both indoor and outdoor settings, offering portability and ease of setup and takedown.
PaddleSmash has been positively reviewed by customers for its quality, durability, compactness, ease of storage, and overall value as a recreational activity.
Who Is The Founder Of PaddleSmash?
PaddleSmash was founded by Joe Bingham, a structural engineer and father of seven from Utah, along with Tim Swindle and Scott Brown.
Joe Bingham, driven by a desire to keep his family entertained and inspired by the rising popularity of Pickleball and Roundnet, envisioned a game that could be played conveniently at home.
This led to the creation of PaddleSmash, combining elements from both sports into a package that could be set up in a backyard or at the beach.
Tim Swindle and Scott Brown, with their extensive experience in the toy and game industry, saw the potential in Joe Bingham’s invention and worked to transform PaddleSmash from a homemade game into a market-ready product.
They focused on finalizing a design that was both durable and portable, essential for gaining acceptance in the market.
Through a comprehensive marketing strategy that utilized social media platforms and partnerships with major retailers like Dick’s Sporting Goods and Scheels, PaddleSmash gained traction as a family-friendly outdoor game before its appearance on Shark Tank.
Before its appearance on Shark Tank, PaddleSmash underwent significant development: Joe Bingham’s initial idea evolved with the entrepreneurial expertise of Tim Swindle and Scott Brown, resulting in a market-ready product.
Tim and Scott’s efforts in finalizing a durable and portable design, along with their innovative marketing strategies, helped PaddleSmash gain popularity among consumers and retailers alike.
The game’s adaptability, inclusive age range, and competitive yet friendly gameplay positioned it as a fresh alternative to traditional outdoor sports, paving the way for its success in the market.
How Was The Shark Tank Pitch Of PaddleSmash?
- Entrepreneur: Scott Brown and Tim Swindle
- Product: Pickleball and Spikeball in one portable game
- Investment Seeking: $250,000 for 10% equity
- Final Deal: Accepted $250,000 for a 20% equity deal with Robert Herjavec and Mark Cuban
During their Shark Tank pitch, Scott Brown and Tim Swindle presented PaddleSmash as a unique portable sports game that combines elements of Spikeball and Pickleball.
They emphasized the game’s easy setup, portability, and appeal as a fun outdoor activity that also offers exercise.
The founders shared the backstory of how the game was invented by Joe Bingham, a structural engineer, and highlighted their own extensive experience in the toy and game industry, totaling over 25 years.
With the company being only 9 months old but already achieving $700,000 in sales, they were seeking a shark investor to assist with inventory management and growth through social media marketing.
The Sharks responded with varying offers, with Robert Herjavec and Mark Cuban ultimately making a deal of $250,000 for 20% equity in PaddleSmash.
Despite some negotiation attempts from the founders, they accepted the initial offer, seeing it as a valuable partnership that could further propel their business.
The successful deal with two prominent Sharks was a significant milestone for PaddleSmash, setting the stage for potential growth and expansion in the future.
- Robert Herjavec and Mark Cuban: $250,000 for 20% equity (Accepted deal)
- Kevin O’Leary: $250,000 for 15% equity
- Lori Greiner: No offer
- Barbara Corcoran: No offer
Shark Investment Table:
|Robert Herjavec & Mark Cuban
|$250,000 for 20% equity
|$500,000 for 20% equity
|$250,000 for 20% equity
|$250,000 for 15% equity
PaddleSmash founders secured a deal with Robert Herjavec and Mark Cuban on Shark Tank for $250,000 in exchange for 20% equity in the company.
The pitch highlighted the game’s success and the founders’ experience, leading to a successful investment that could help propel PaddleSmash to further growth.
Did PaddleSmash Get a Deal on Shark Tank?
PaddleSmash successfully secured a deal on Shark Tank with investors Mark Cuban and Robert Herjavec.
The founders, Tim Swindle and Scott Brown, initially sought $250,000 for 10% equity but ultimately accepted the offer of $250,000 for 20% equity from Mark Cuban and Robert Herjavec.
This strategic partnership has propelled PaddleSmash to grow and succeed further in the outdoor gaming industry.
What Happened To PaddleSmash After Shark Tank?
PaddleSmash, the innovative game combining elements of pickleball and spikeball, made a significant impact after its appearance on Shark Tank.
The founders, Tim Swindle and Scott Brown managed to capture the interest of the celebrity investors with their unique product offerings.
Despite initial negotiations over equity, they eventually struck a deal with Mark Cuban and Robert Herjavec, who each took a 10% stake in the company for a $250,000 investment.
Following its exposure on Shark Tank, PaddleSmash experienced a surge in popularity and sales. The game continued to attract a growing fan base, leveraging its momentum from the show to expand its market reach.
With strategic partnerships with major sports retailers like Dick’s Sporting Goods and Scheels, PaddleSmash secured a strong retail presence, further boosting its sales and brand visibility.
Moreover, the game’s viral presence on social media platforms like TikTok and coverage by prominent media outlets such as The Today Show and The Wall Street Journal contributed to its widespread recognition.
Positive reviews from satisfied customers also played a crucial role in solidifying PaddleSmash’s reputation as a top-tier recreational sports product.
As of the latest reports, PaddleSmash remains in business and continues to thrive in the recreational sports market. With a solid foundation, strong retail partnerships, and a loyal customer base, the company’s net worth has seen significant growth since its Shark Tank debut.
The founders’ strategic decision-making and relentless commitment to innovation have propelled PaddleSmash to new heights, making it a standout success story in the world of recreational gaming.
PaddleSmash Shark Tank Update
PaddleSmash, the innovative game combining elements of Pickleball and Spikeball, made a significant impact after its appearance on Shark Tank.
Tim Swindle, Scott Brown, and Joe Bingham, the co-founders, entered the tank seeking $250,000 for 10% equity.
They successfully secured a deal with investors Mark Cuban and Robert Herjavec for the same amount of investment but for 20% equity.
The partnership with Mark Cuban and Robert Herjavec provided PaddleSmash with the necessary funds to expand their business operations.
The exposure from Shark Tank resulted in a surge in sales, with many people showing interest in this new game. The company received a very good response post-Shark Tank, indicating a growing demand for PaddleSmash.
PaddleSmash is still in business, with its headquarters located in Alpine, Utah. The company employs 2-10 people to manage its operations.
With estimated sales surpassing $1 million and a successful investment from Shark Tank, PaddleSmash’s net worth is expected to be on the rise.
In conclusion, PaddleSmash’s journey after Shark Tank exemplifies a thriving business that capitalized on the exposure and investment obtained from the show.
With a solid foundation and positive market reception, PaddleSmash continues to be a successful player in the toy and game space.
What Is the Net Worth Of PaddleSmash?
According to our research, PaddleSmash’s net worth is estimated to be $1.5 million. The valuation of PaddleSmash was $1.25 million after securing an investment from Mark Cuban and Robert Herjavec on season 13 of Shark Tank.
Also, read about other businesses that appeared on Season 15, Episode 04 of Shark Tank: