![]() ![]() “I thought that he could take over the paddle board niche and leverage his SEO experience to do it. “I invested because Stephan had an SEO business that he had previously been very successful with and sold,” Cuban told the site. In 2017, it opened its first retail store/studio space/corporate office in San Diego.Ĭuban saw potential when the other sharks didn’t, and Tower Paddle Boards has turned into one of his five favorite investments of all time, Inc. The company expanded to include other beach lifestyle products, including sunglasses, surfboards and snorkels, and it also publishes a twice-weekly beach lifestyle publication, Tower Magazine. Later, with series A round from Mark and Aileen Getty of the Getty Family, pushed its valuation to 50 million. Tower Paddle Boards has made $30 million in sales as of 2018, Dallas Business Journal reported. What’s the Business Model Danny based the projected success of HotShot on the 15 billion hot-beverage market in Asia. The valuation of the company during the pitch was 1 million while after Mark Cuban’s deal, it went up to 1.25 million. On 20 December 2013, ABC ordered extra two episodes for season five. Cuban was the only shark to offer an investment - he gave Aarstol $150,000 for 30% - but that investment has paid off. As per the TV Guide in December, the board associates on the show had financed approximately 12.4 million in business offered to them during the season. Paddleboarding was rising in popularity when Stephan Aarstol appeared on season three of “Shark Tank” in 2012 to pitch his stand-up surfboard company. ![]()
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