Billionaire investor and entrepreneur Mark Cuban offered San Francisco-based BucketGolf an unexpected investment on Friday’s episode of ABC’s…
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.The company was on track to bring in more than $12 million in 2024 sales at the time of the episode's taping, said Tyler Simmons, the company's CEO and founder — up from $5.9 million in 2023 and $2.5 million in 2022.
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 22.5% in equity, including preferred stock. 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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