Mark Cuban hates golf—here's why he still offered this golf company $1 million on 'Shark Tank'

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San Francisco News

Mark Cuban,Shark Tank

Billionaire investor and entrepreneur Mark Cuban offered San Francisco-based BucketGolf an unexpected investment on Friday's episode of ABC's 'Shark Tank.'

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.

BucketGolf could also benefit from a Shark's mentorship on matters of logistics, Tyler Simmons said: "We have yet to make it through a busy season without running out of some of our best products."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.

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.

 

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