Zup Board: Revolutionizing Water Sports with a Shark Tank Deal
The Concept
Imagine surfing, paddleboarding, and kayaking all in one. That's what the Zup Board offers - a revolutionary water sports board that's changing the game. Founded by two friends, Will and Tom, the Zup Board was born out of a desire to create a more accessible and enjoyable water sports experience.
The Problem
Traditional water sports equipment can be intimidating, expensive, and often requires a lot of storage space. The Zup Board aimed to solve these problems by designing a board that's easy to use, affordable, and compact.
The Solution
The Zup Board is a patented, one-of-a-kind board that combines the stability of a paddleboard with the thrill of surfing. It's designed for people of all ages and skill levels, making it an ideal option for families, beginners, and experienced water sports enthusiasts alike.
Shark Tank Deal
In 2015, Will and Tom took their innovative idea to the Shark Tank, seeking an investment of $500,000 in exchange for 20% equity. After a successful pitch, they secured a deal with Robert Herjavec, who offered them the full amount in exchange for 22% equity.
Post-Shark Tank Success
The Shark Tank appearance catapulted the Zup Board to national attention, resulting in a significant surge in sales and brand recognition. The company has since expanded its product line to include accessories and apparel, and has partnered with various water sports companies and resorts.
What Makes Zup Board Unique
Easy to Use
The Zup Board is designed with stability and balance in mind, making it easy for anyone to get started.
Compact and Portable
The board is lightweight and compact, making it easy to store and transport.
Affordable
The Zup Board is priced competitively, making it an accessible option for water sports enthusiasts.
Multi-Functional
The board can be used for surfing, paddleboarding, kayaking, and more, offering endless possibilities for fun on the water.
Conclusion
The Zup Board's Shark Tank deal was a game-changer for the company, propelling it to success and recognition in the water sports industry. With its innovative design, ease of use, and affordability, the Zup Board is revolutionizing the way people experience water sports. Whether you're a seasoned pro or a beginner, the Zup Board is an excellent choice for anyone looking to have fun on the water.