Tower Paddle Boards Shark Tank Tale

In Season 3 Episode 9, Stephan Aarstol appeared on Shark Tank seeking $150,000 for 10% of his stand up paddle boards, Tower Paddle Boards.

Here’s a quick recap before we dive into the Tower Paddle Board Shark Tank update.

Shark Tank Pitch Recap

• : She can’t listen to him anymore. Stephan is the worst presenter she’s ever met and she doesn’t like that he is an internet marketer.
  Out
• : He likes the sport because it makes old guys like him think they’re cool but the $1.5 Million valuation isn’t cool
  Out
• : There is nothing proprietary about Tower Paddle Boards and Stephan is like a magician who believes his own tricks.
  Out
• : He wants to be Stephan’s banker.
  Offer: $150K for a 50% equity stake + 10% cash royalty on everything he sells.
• Stephan is unable to accept Kevin’s offer and Kev
• : He’s willing to give him contingent on having the first right of refusal on any other companies Stephan builds.
  Offer: $150K for 30%
• : He jumps back into the deal with an offer similar to Mark’s but for 25%
  Offer: $15)K for 25% + first right of refusal.