What are Tower Paddle Boards worth?
Tower Paddle Boards officially crossed $10 million in lifetime sales in January of 2015 and plans to reach an annual sales revenue of $30 million by 2018. Founded in 2010 and funded by billionaire Mark Cuban, Tower Paddle Boards is one of the biggest success stories in Shark Tank history. With only $100K in lifetime sales at the time of the 2011 pitch, Cuban invested just $150K, and since then Tower has done well over $40M in sales.
How did Tower Paddle Boards do after Shark Tank?
Founder, Tower Paddle Boards Founded in 2010 and funded by billionaire Mark Cuban, Tower Paddle Boards is one of the biggest success stories in Shark Tank history. With only $100K in lifetime sales at the time of the 2011 pitch, Cuban invested just $150K, and since then Tower has done well over $40M in sales. The Biggest Shark Topping the list with a commanding ∼$6. Mark Cuban. However, the real story lies in the staggering net worth of guests like ∼$3. Richard Branson and KIND Snacks founder ∼$2. Daniel Lubetzky.Tower Paddle Boards landed a $150,000 deal from Cuban for 30% equity in 2011 in what was just the third season of Shark Tank at the time. The company’s growth has since paid Cuban over $1 million in dividends.On Shark Tank, Mark Cuban offered $30 million for Coffee Meets Bagel after all five other sharks passed. Founders Arum, Dawoon, and Soo Kang turned it down—believing their dating app could rival Match. M a year. They weren’t chasing a buyout.