Mark Cuban offered a golf company $1 million on ‘Shark Tank'—even though he hates golf

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

News News

Business Business Latest News,Business Business Headlines

Billionaire investor and entrepreneur Mark Cuban offered San Francisco-based BucketGolf an unexpected investment on Friday’s episode of ABC’s…

The San Francisco-based company BucketGolf, run by brother-and-sister duo Tyler and Jenny Simmons, sells a game that resembles golf, with foldable buckets as holes that can be placed wherever the players choose.The company was on track to bring in more than $12 million in 2024 sales at the time of the episode's taping, said Tyler Simmons, the company's CEO and founder — up from $5.9 million in 2023 and $2.5 million in 2022.

Kevin O'Leary offered the siblings $1 million for 25% of their company. Daymond John matched the offer, saying he believed BucketGolf could eventually bring in $150 million per year. Lori Greiner said she'd give the siblings $1 million for 22.5% in equity, including preferred stock. The Simmonses asked Cuban for 12.5% equity instead, but he rebuffed the suggestion."No, come on," said Cuban."I'm going to bring enough value that it's going to be worthwhile. Just the fact that I hate golf and I'm going to do videos of doing this."The siblings doubled down on their counteroffer, saying they could reach a level of success comparable to Spikeball, a sports game company that appeared on"Shark Tank" in 2015.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 545. in BUSİNESS

Business Business Latest News, Business Business Headlines