FlingGolf Shark Tank Net Worth 2023
The entrepreneur in this company earned $300k from the Sharks on Shark Tank at a valuation of $3 million, but eventually signed a deal at a higher valuation of $1.2 million.
Since then, the company has achieved considerable success, with its estimated FlingGolf net worth now standing at $1.2 million.
What Is FlingGolf?
The Flingstick is a golf club that resembles the traditional version, but instead of a club head, it has a compact and stiff lacrosse basket. Fling Golf was established by CEO Alex Van Alen, and it is known for being a natural, entertaining, and sporty alternative to traditional golf.
The company’s website provides guidelines indicating that instead of using a club to hit the ball, players simply toss it with the New Swarm Flingstick thrower to get it closer to the hole.
FlingGolf sticks come in a range of sizes, styles, and designs, starting with the child’s size (The Junior), priced at $89, and progressing to larger sizes such as The Launch ($119), The Stinger ($149), and the Ballistick ($179).
Although the game of FlingGolf is only available on select courses, the sticks are available for purchase on the FlingGolf website, with wholesalers having the option to buy in bulk.
Rental packs will also be available starting in the summer of 2021, which will include 12 FlingSticks, regulations, score cards, and prepaid return postage. Customers can rent the 12 sticks for $200.
According to the episode summary, two entrepreneurs from Ipswitch, Massachusetts, have developed an exciting alternative to a classic sport. Alex Van Alen and John Pruellage pitched Fling Golf, a hybrid of lacrosse and golf that can be played on existing golf courses worldwide.
FlingGolf At the Shark Tank
On a recent episode of the television show Shark Tank, which was Season 12 Episode 24, Alex Van Allen and John Pruellage made a request for $300,000 in exchange for a 10% ownership stake in their company. This suggested that they believed their company was valued at around $3 million.
During the show, the Sharks expressed doubts about the company’s potential, with Kevin O’Leary suggesting that the “golf gods” would not be pleased. Despite this skepticism, the entrepreneurs remained determined to secure an investment.
Eventually, they agreed to accept Daniel Lubetzky’s offer of $300,000 for a 25% stake in the company, which resulted in a revised valuation of $1.2 million.
The agreement with Daniel did not go through, and the company does not seem to be listed on his portfolio website. I believe the deal may not happen because Fling Golf is already doing well financially. Within just two days of their appearance on the show, they sold more products than they typically do in a month.
Prior to their appearance on Shark Tank, John and Alex were actively seeking out golf courses, but now, the courses are reaching out to them to stock Fling Sticks in their pro shops. Fling Golf is gaining popularity, and players are contacting golf courses to inquire about playing the sport.
Fling Golf is even being played at exclusive courses like Pebble Beach, Torrey Pines, Streamsong Resort, and Chambers Bay. I predict that the sport will become more popular in the future, and 2021 sales are expected to exceed $1 million.
In May 2022, Fling Golf held the New Swarm FlingGolf Classic Tournament on May 21-22, which was the first World Fling Tournament. It was held at the American Classic Golf Club in Delaware and was broadcast on ESPN on August 5, 2022.
Summary Table:Flinggolf Shark Tank
| INFORMATION | DETAILS |
| Company Name | FlingGolf |
| Founder | Alex Van Alen |
| Valuation at Shark Tank | $3 million for 10% |
| Amount received from Sharks | $300,000 for 25% |
| Revised Valuation | $1.2 million |
| Estimated Net Worth | $1.2 million |
| Product | Flingstick (a golf club that has a lacrosse basket) |
| Product Price Range | $89 to $179 |
| Sales in 2019 | $142,000 |
| Sales in 2020 (through July) | $142,000 |
| Rental Packs | 12 FlingSticks for $200 with regulations, score cards, etc. |
| Tournament | New Swarm FlingGolf Classic Tournament in May 2022 |
| Partnerships | ESPN and the National Golf Course Owners Association |
FlingGolf Shark Tank Updates
FlingGolf is a combination of golf and lacrosse, played with a stick that allows players to hurl a golf ball with accuracy.
FlingGolf Founders Alex Van Allen and John Pruellage appeared on Shark Tank Season 12 Episode 24 and asked the Sharks for $300,000 for 10% equity at a $3 million valuation. The Sharks offered $300,000 for 25% equity, which was accepted by the founders.
Since appearing on Shark Tank, FlingGolf has continued to grow and expand. The company has built momentum for its new sport and has released a new podcast.
In 2019, FlingGolf made $142,000 in sales, and in 2020, the sales were up to $142,000 through July. The FlingStick ranges in price from $89 for a kid’s size to $179 for the top of the line Ballistick.
FlingGolf has also gained publicity through partnerships with ESPN and the National Golf Course Owners Association.
The first World League FlingGolf Tournament took place almost exactly one year after Shark Tank and was shown on ESPN in August of 2022. FlingGolf is still in business as of September 2022.
FlingGolf FAQs
What Is Flinggolf Shark Tank?
FlingGolf is a new way to enjoy a golf course that combines golf and lacrosse. The Flingstick looks like a golf club but with a tiny, rigid lacrosse basket instead of a club head.
Players fling the golf ball instead of driving it, and when they get on the green, there’s a putting plate on the side. FlingGolf was created by Alex Van Allen, who set out to make a “stick” that would allow him to hurl a golf ball 200 yards with accuracy.
He brought the product to Walt Lankau, a Board Member of the National Golf Course Owners Association, who loved the idea and thought it was something golf courses needed. There are over 1700 courses that welcome Flingers on their courses.
FlingGolf appeared on Shark Tank in season 12, episode 24, and asked the Sharks for $300,000 for 10% equity at a $3 million valuation.
Daniel Lubetzky, the founder of Kind snacks, closed a deal with FlingGolf on the show after he whipped a ball into a practice net that valued the company at $1.2 million.
In 2019, Fling Golf made $142,000 in sales, and in 2020, the sales were up to $142,000 through July. The golf clubs cost Alex and John $25 to $35 to make and they sell them for $119 to $179.
Who is Alex Van Alen?
Alex Van Alen, the creator, and CEO of Fling Golf, was the CEO of the Essex County Trail Association prior to focusing entirely on the creation of Fling Golf.
How Does Flinggolf Shark Tank Work?
FlingGolf is a new way to enjoy a golf course that was pitched on Shark Tank episode 1221. The FlingGolf Flingstick looks like a golf club but with a tiny, rigid lacrosse basket instead of a club head. The gameplay is identical to regular golf, except you fling the golf ball instead of driving it.
When you get on the green, there’s a putting plate on the side. The Flingstick can handle every situation from tee to green, so you only need one club.
FlingGolf was created by Alex Van Allen, who set out to make a “stick” that would allow him to hurl a golf ball 200 yards with accuracy.
He brought the product to Walt Lankau, a Board Member of the National Golf Course Owners Association, who loved the idea and thought it was something golf courses needed. Course owners don’t need to change anything on their course to accommodate FlingGolf.
The response to FlingGolf at the NGCOA Annual Conference in February 2014 was outstanding, and now there are over 1700 courses that welcome Flingers on their courses.
FlingGolf closed a deal with Daniel Lubetzky, the founder of Kind snacks, on Shark Tank after he whipped a ball into a practice net that valued the company at $1.2 million. The Flingstick ranges in price from $89 for a Kid’s size all the way up to $179 for the top of the line Ballistick.
What Happened To Flinggolf After Shark Tank?
FlingGolf is a new way to enjoy a golf course, where golf balls are hurled using a stick with a basket on the end instead of being struck with a club FlingGolf Founders Alex Van Allen and John Pruellage appeared on Shark Tank Season 12 Episode 24 and asked the Sharks for $300,000 for 10% equity at a $3 million valuation.
Daniel Lubetzky, the founder of Kind snacks, made an offer that valued the company at $1.2 million, which FlingGolf accepted.
After the Shark Tank episode aired, FlingGolf sold more product in 48 hours than they do in a month. FlingGolf is still in business as of September 2022. The company has been slowly working on branding and recently released a new podcast. In August 2022, the first World League FlingGolf Tournament took place and was shown on ESPN. The tournament was a hit, and ESPN asked for more.
In summary, FlingGolf closed a deal with Daniel Lubetzky on Shark Tank, and the company is still in business as of September 2022. The company has been slowly working on branding and recently released a new podcast.
The first World League FlingGolf Tournament took place in August 2022 and was shown on ESPN.
How Much Did Flinggolf Make in Sales After Appearing On Shark Tank
FlingGolf appeared on Shark Tank in season 12, where they asked for $300,000 for 10% equity at a $3 million valuation. Daniel Lubetzky and Robert Herjavec made an offer of $300,000 for 25% equity, which FlingGolf accepted.
The year before appearing on Shark Tank, FlingGolf had sold $140,000 worth of product. In 2019, FlingGolf made $142,000 in sales, and in 2020, the sales were up to $142,000 through July. FlingGolf’s top line revenue for 2021 was projected to exceed $1 million.
While the exact figure of sales has not been made public, it is estimated that the company still holds its $1.2 million valuation.
FlingGolf sells its products directly to consumers and to golf courses. While there are a few hundred courses in America where players can rent a FlingStick, the vast majority of sales are direct to the consumer.
FlingGolf’s golf clubs cost $25 to $35 to make and they sell them for $119 to $179. Since appearing on Shark Tank, FlingGolf sales have been brisk, and they have had to double up the size of their warehouse in Amesbury, Massachusetts so they can stock more inventory.
In summary, FlingGolf made $140,000 in sales the year before appearing on Shark Tank, and their top line revenue for 2021 was projected to exceed $1 million.
While the exact figure of sales has not been made public, it is estimated that the company still holds its $1.2 million valuation. FlingGolf sells its products directly to consumers and to golf courses, and their golf clubs cost $25 to $35 to make and they sell them for $119 to $179.
Is Flinggolf Shark Tank Still In Business?
Yes, FlingGolf is still in business as of September 2022. FlingGolf is a combination of golf and lacrosse, and it is designed to work with both a lacrosse stick and a golf stick.
The founders of FlingGolf, Alex Van Allen and John Pruellage, appeared on Shark Tank Season 12 Episode 24 and asked the sharks for $300,000 for 10% equity at a $3 million valuation. Daniel Lubetzky made a deal with FlingGolf on the show, offering $300,000 for 25% equity.
FlingGolf is doing well, especially in golf course shops. In 2019, FlingGolf made $142,000 in sales, and in 2020, the sales were up to $142,000 through July. The golf clubs cost Alex and John $25 to $35 to make and sell for $119 to $179.
FlingGolf is being played on over 1000 golf courses across the country and is encouraging more golf courses to embrace it.
In conclusion, FlingGolf is still in business and doing well as of September 2022. The company is being played on over 1000 golf courses across the country and is encouraging more golf courses to embrace it.
What Is The Current Valuation Of Flinggolf After Shark Tank?
FlingGolf is a combination of golf and lacrosse, designed to work with both a lacrosse stick and a golf stick, allowing golf to be played with a ball with greater accuracy and inserted into the hole.
FlingGolf founders Alex Van Allen and John Pruellage appeared on Shark Tank Season 12 Episode 24 and asked the sharks for $300,000 for 10% equity at a $3 million valuation FlingGolf closed a deal with billionaire Daniel Lubetzky, the founder of Kind snacks, on the show after he whipped a ball into a practice net that valued the company at $1.2 million.
After the episode aired, FlingGolf experienced a boost in exposure which led to booming sales. As of 2022, FlingGolf’s net worth is reported to be $1.2 million.
The company is still in business and generating decent sales. The founders of FlingGolf, John Pruellage, and Alex Van Allen, have a net worth of $900,000 as of 2022.
What was the primary intent?
Van Alen’s objective of making FlingSticks was to be able to toss a golf ball 200 yards, which would take him 18 months of prototyping and back-and-forth with product development.
What happened to FlingGolf after shark tank?
FlingGolf sales have been quick since the show aired, and they’ve had to expand the size of their warehouse in Amesbury, Massachusetts, in order to carry more products.
What exactly was the deal?
The two offered 10% stock in their firm in return for a $300,000 investment and ended up with a contract from Daniel Lubetzky for $300,000 for 25% equity.
Which episode did FlingGolf feature?
In Shark Tank episode 1221, John Pruellage and Alex Van Allen pitch FlingGolf, a novel method to enjoy a golf course.
What’s the big deal about golf?
Robert discusses how golf is thriving in the midst of the Covid-19 outbreak.
Who is the founder?
Alex Van is the founder and CEO of FlingGolf.
What are the advantages of utilizing a FlingStick?
Unlike golf strokes, learning to make shots with a FlingStick is far easier and more forgiving.
What are the rules of the United States Golf Association?
They provide information on how to play on the tee, fairway, and green.
Where Can I play with Flingstick?
When you purchase a FlingStick thrower, New Swarm Sports promises that you will be able to play on a course near you.
What exactly is the Ballistick?
The Ballistick is designed for the tall and strong.
Did FlingGolf get a deal on Shark Tank?
John Pruellage and Alex Van Allen appeared on Shark Tank Season 12 to pitch their new sport, Fling Golf.
They proposed 10% stake in their firm in return for a $300,000 investment and ended up walking away with a bargain from Daniel Lubetzky for $300,000 for 25% ownership.
What can you do to help them?
Daniel claims he can get them into a variety of courses and connect them to some pro golfers; he initially offers $300,000 for 33.3 percent ownership.
What is FlingGolf worth?
FlingGolf struck a deal withDaniel Lubetzky, Kind foods entrepreneur on the episode valuing the firm at $1.2 million (for $300,000 for 25% ownership).
Was Fling Golf deal successful?
There is no confirmation that this deal was completed.
Who invented FlingGolf?
Alex invented the FlingStick and started FlingGolf with the goal of making 35,000 golf courses throughout the world more active and enjoyable for more people.
