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What is BucketGolf?
Bucket Golf is a portable par 3 golf game played with collapsible buckets. It can be played anytime, anywhere with anyone.
BucketGolf's Shark Tank Pitch Recap
Tyler and Jenny pitched Bucket Golf, a portable par 3 golf game played with collapsible buckets. They asked for $1 million for 10% of their company. After demonstrating the game with Lori and Todd, they revealed impressive sales figures, projecting over $12 million in revenue for the current year. Multiple sharks were interested, leading to a bidding war. Mark Cuban, initially hesitant due to his dislike of golf, ultimately secured the deal at $1 million for 12.5% after coming down from his original 15% offer.
Who invested in BucketGolf?
Mark CubanBucketGolf's Pitch Highlights
Tyler, one of the founders, is a scratch golfer.
Jenny, the other founder and Tyler's sister, is a 40 handicap golfer.
The idea for the collapsible buckets used in the game came from a pop-up laundry hamper.
The company's sales grew exponentially from $5,000 in three years to over $12 million in a single year after switching to the new bucket design.
Mark Cuban admitted to hating golf but found Bucket Golf appealing, seeing its potential as the "golf Spikeball."
BucketGolf Shark Tank Update
- Successfully secured a deal with Mark Cuban for $1 million in exchange for 12.5% equity.
- Continued growth and popularity, exceeding 100,000 customers.
- Expanded product line to include various bundles, glow-in-the-dark sets, and individual components.
- Focused on marketing efforts through events and social media engagement.
Key Milestones
2016 - Homemade Set
BucketGolf started as a homemade set.
2021 - Professional Manufacturing
Transformed into a professionally manufactured product.
2022 - Jen Simmons Joins
Jen Simmons joined as administration and accounting manager.
2023 - Sales Milestone
Achieved $5.9 million in sales.
2024 - Shark Tank Deal
Appeared on Shark Tank and secured a deal with Mark Cuban.
2024 - Customer Milestone & Product Innovation
Exceeded 100,000 customers and introduced fusion balls.
