Publicity is helpful when trying to promote a new sport. For this reason, to market their new golf game, John Pruellage and Alex Van Allen appeared on Shark Tank Season 12. In Shark Tank Season 12, will the two seal a deal? Read our Fling Golf update to find out!
For those pressed for time, here’s a brief rundown of Fling Golf’s post-Shark Tank events! After Fling Golf’s appearance on Shark Tank Season 12, she was offered $300,000 for 25% stock by Daniel Lubetzky.
An update on Fling Golf is that the company has introduced the FlingGolf Players Club which is currently in thousands of golf facilities.
What is Fling Golf?
Robert Herjavec said during the protest that the two had learned how to play golf from lacrosse, but Kevin O’Leary, ever the skeptic, said that golf clubs most likely would not permit this to occur on their grounds.
However, Alex reassured Mr. Wonderful that playing Fling Golf instead of regular golf is acceptable at most of the golf courses they have requested.
Who founded Fling Golf?
Two pals named John Pruellage and Alex Van Allen started Fling Golf. They told their story and their pitch without holding back. Additionally, Daniel Lubetzky did not hesitate to invite the sharks to come try it out when the two asked them to.
Shark Tank Pitch: Fling Golf
Speaking off the pitch, the Fling Golf entrepreneur made a very humorous appearance and struck a $300,000 agreement for 10% equity with the shark.
The owner approved the arrangement after the sharks bought their idea, and one of the sharks, Daniel Lubetzky, made a $300,000,000 pitch for 25% equity.
If you’re interested in more celebrity news and insights, review our earlier posts for in-depth coverage.
FlingGolf Net Worth in 2024
As of July 2024, while the exact net worth of FlingGolf is not explicitly stated, the company has achieved significant milestones and revenue growth. Here are some key points, as noted by Shark Tankblog:
Lifetime Revenue: By July 2024, FlingGolf has generated over $6 million.
Annual Sales: In 2021, their sales exceeded $1 million, and in 2022, sales were expected to be at least twice that amount, indicating substantial growth.
Market Presence: The sport is available on over 3,000 golf courses worldwide, including several elite courses and US military bases.
Professional League: A professional FlingGolf League has been established, further indicating the sport’s growing popularity and commercial success.
FlingGolf Shark Tank Update
FlingGolf, a hybrid sport combining elements of golf and lacrosse, appeared on Season 12 of the TV show “Shark Tank” and has seen significant growth and success since then. Here are the key updates:
Shark Tank Appearance: Founders John Pruellage and Alex Van Allen sought $300,000 for 10% equity but ultimately agreed to a deal with guest Shark Daniel Lubetzky for $300,000 in exchange for 25% equity. However, this deal did not close after the show.
Post-Shark Tank Sales: Despite the deal not closing, FlingGolf experienced a surge in sales. In the 48 hours following their appearance on the show, they sold more products than they typically do in a month. By 2021, their sales exceeded $1.3 million, and by 2022, they were expected to double that amount.
Market Expansion: By July 2022, FlingGolf was available at over 2,000 courses in the USA and over 3,000 courses worldwide in 36 countries, including several US military bases. This expansion continued, and by July 2024, the sport was available on thousands of golf courses globally.
Tournaments and Media Coverage: FlingGolf hosted several tournaments, including the New Swarm FlingGolf Classic Tournament in May 2022 and the San Diego FlingGolf Open in August 2023, which was broadcast on ESPN. By July 2024, a professional FlingGolf League was established.
Revenue and Growth: As of July 2024, FlingGolf has generated over $6 million in lifetime revenue, indicating strong financial growth and market acceptance.
Player Community and Partnerships: The company has nurtured a growing player community, developed tournaments, and formed partnerships, such as with the U.S. Air Force, to bring the sport to more bases and enthusiasts.
Overall, FlingGolf has successfully introduced a new sport to the market, gained widespread acceptance, and achieved significant revenue growth since its appearance on “Shark Tank.”
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