Summary:
Denver startup secured a $150,000 investment on 'Shark Tank'.
Sales continue to grow significantly post-investment.
Tom Filippini created Pepper Pong, merging pickleball and table tennis.
Filippini's personal story of overcoming alcoholism resonated with investors.
The startup is successfully repaying the investment while expanding sales.
Denver Startup Strikes Gold on 'Shark Tank'
A Denver-based startup has made headlines after securing a $150,000 investment from a venture capitalist on ABC's 'Shark Tank'. Following the deal, the company's sales have experienced a remarkable surge.
The startup, Pepper Pong, founded by Tom Filippini, offers a unique product that combines elements of pickleball and table tennis. Launched last year, the game aims to foster connections among players while encouraging them to spend less time on their phones.
The Pitch that Changed Everything
In a Nov. 22 episode of 'Shark Tank', Filippini pitched his innovative game. He sought a $150,000 investment for a 10% stake in the company. The pitch resonated with guest shark Todd Graves, who recognized the potential in the product.
During his presentation, Filippini shared his personal journey, revealing how his battles with alcoholism motivated him to pursue this passion project. This heartfelt disclosure prompted Daymond John, another shark, to relate his own experiences and extend a counteroffer of $150,000 for a 30% stake.
Since the show, Pepper Pong has not only started repaying the investment but has also seen sales continue to skyrocket, marking a significant milestone for the company and its founder.
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