What Happened to Zup Board after Shark Tank?
What exactly is Zup Board?
Zup is a one-of-a-kind water sport board used for water skiing, boogie boarding, and wakeboarding that allows users to progress from one level to the next.
Zup boards are easy to use and brightly colored to increase safety. Users can lie down, kneel, or stand on the boards, depending on their ability level.
They are designed to replace the traditional tow-behind “toys” found on a boat, such as tubes, wakeboards, and water skis.
Who is the founder of Zup Board?
Nick Kierpiec, Glen Duff, and Scott Parks of Williamsburg, Virginia, invented Zup Boards in n 2008 their garages.
They sought to create a safe, enjoyable, and simple gadget to use, allowing users to develop their skills.
There are three models to choose from, each having a single or double rider. The You Got This, Do More, and You Go models are determined by the rider’s degree of expertise.
The boards include soft grip-able handles and are encased in soft foam for safety and comfort. Any boat with a 100-horsepower motor, even high-powered jet skis, may tow them (where allowed by law).
The men are committed to providing a safe, high-quality product while keeping the bottom line in mind. The boards are available online at Amazon and in-store at Overton’s Sporting Goods.
What Happened to Zup Board’s Pitch on Shark Tank?
In Shark Tank episode 911, Nick Kierpiec, Glen Duff, and Scott Parks are looking to sell the shares of Zup Board. They want a Shark to help them extend their presence in sporting goods stores.
Nick, Glen, and Scott went on Shark Tank searching for $300,000 in return for a 10% share in their $3 million firms.
They present their product and explain their argument. After the demonstration, the Sharks demand to know the stats. They have total revenue of $2.5 million and annual revenue of $1 million.
Sales are generated through 180 retail locations in the United States and online retailers such as Amazon. Their prices range from $279 to $400, with a cumulative profit of 54%.
The pitch starts to break here, with the guys going off tangents and not directly answering questions.
Mark left because he doesn’t accept their allegation that they’re upsetting their industry. Daymond is also out since he doesn’t think he’ll be able to maintain a conversation with the lads.
When Kevin discovers that they have $550,000 in debt, $200,000 in receivables, and $100,000 in the bank, he says that they have a 50/50 chance of going out of business; he’s out.
Lori maintains that she can’t put all of her money into this business and that she has to leave. Sara quickly follows, warning the boys that their messaging has improved. They ultimately walked away from the pitch without a contract.
What became of Zup Board after Shark Tank?
Although they didn’t get a deal during the pitch, their website traffic increased by 4000 percent in the days after the intended air date, and they made a lot of purchases. Investors have also expressed interest.
Zup was involved in a patent dispute in August 2018, approximately seven months after the episode aired. They were in discussions with a company called NASH about partnering on several boards.
NASH agreed to a nondisclosure agreement, but the deal did not go through. NASH quickly began producing its wakeboards. Zup didn’t get any deal with the shark.
The company is still in business as of February 2022, with annual revenue of $3 million.
Zup Board’s competitors
Zup Board’s main competitors in the market are TITO Wake Surfer and Twin Peaks Water Ski.
Zup Board’s net worth
The firm was valued at $3 million during and after the pitch. Since the corporation is still in operation, its net value may be more now compared to the time during the pitch.
Zup Board FAQs
How much does it cost?
The board itself costs $279. The package includes a board, tow rope, and stand, priced at $29.99 each. In addition, the company sells accessories such as tow ropes, handles, and stands at an additional cost of $39.99 each.
Where do you buy it?
Zup Board can be purchased online and in-store at Overton’s Sporting Goods stores in the United States since 2016. They are also available online on Amazon.
Where can you get it?
Zup Boards are available for purchase online at Amazon and in-store at Overton’s Sporting Goods stores.
How does it work?
The board can be used in water and on land, hence the name “Zup.” It has a handle for standing up, kneeling down, or lying down.
What is its purpose?
Zup’s purpose is to provide users with an all-in-one water sports gadget.
How much money did they raise on Shark Tank?
The proceeds requested by Nick, Glen, and Scott are $300,000 for a 10% stake in the firm.
What is the net worth of Zup Board?
As a private corporation, the financials for Zup Board aren’t public.
What is Zup Board’s revenue?
Zup Board has a revenue of $3 million annually.
How much does it weigh?
The board weighs an estimated 13 pounds and comes with a weight limit of 300 pounds for each user.
What other products does Zup Board have?
Zup has additional accessories, such as their tow rope, which costs $39.99, and the stand and handle, which are priced at $29.99 each.
Who is the founder of Zup Board?
Nick Kierpiec, Glen Duff, and Scott Parks are the co-founders.
What can you do with a Zup Board?
Users can use the gadget in water and on land. It has handles for standing up, kneeling down, or lying down.
What is a wakeboard?
A wakeboard is a boat that allows water sports such as wakeboarding; it’s usually used for surfing on waves and rowing to the shore.