Who is the CEO of Tower paddle boards?
Meet stephan aarstol mba ’99, founder and ceo of tower paddle boards 🌊🦈 with over two decades of internet experience at the executive level, stephan aarstol is an internet industry veteran. He has founded a number of ventures including: the no middleman project, tower electric bikes, tower paddle boards, the tower beach club, sidepot gaming, and more.
What is the revenue of the tower paddle boards in 2025?
The Tower Paddle Boards annual revenue was $7 million in 2025. He has expansion plans for the skateboard and beach bikes market. Before “Shark Tank,” Tower Paddle Boards had total sales of about $100,000. Since then, it’s made more than $30 million, ranking it among the San Diego Business Journal’s fastest-growing businesses for three consecutive years between 2013 and 2016.
Did Mark Cuban offer $30 million on Shark Tank?
Coffee Meets Bagel When sisters Arum, Dawoon, and Soo Kang appeared on Shark Tank in 2015, they were offering the sharks a 5% equity stake for $500,000. Impressed with the presentation and the product, Mark Cuban made the largest offer in the show’s history—$30 million to buy the entire company. 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.
How much did Mark Cuban make on Tower Paddle Boards?
Tower Paddle Boards “Mark Cuban invested $150,000 in Tower in 2011. We’ve paid him out more than $1 million in dividends to date and he’s still got his ownership stake. Responding to a question at the Fortune Brainstorm Tech Dinner in Las Vegas, Cuban dismissed the idea that his 15-plus years of bidding as a Shark haven’t paid off. In 2022, the billionaire admitted that his portfolio of Shark Tank investments was making a net loss.
Why is Mark Cuban leaving Shark Tank in 2025?
Mark Cuban on Shark Tank. During his May 2025 conversation with PEOPLE, Cuban opened up about his decision to leave Shark Tank, explaining that he wanted to spend more time with his kids — Alexis, Alyssa and Jake — who are now teenagers and young adults. Mark Cuban (born July 31, 1958) is an American businessman and television personality.