What Happened to Zup Board after Shark Tank? Zup Board Shark Tank Update
What is Zup Board?
Zup is a one-of-a-kind water sport device. It’s a board for water skiing, boogie boarding, and wakeboarding that allows users to ease into their chosen water sport and go to the next level.
Zup boards are simple to use and brightly colored for added safety. Depending on their ability level, users can lie down, kneel, or stand on the boards.
They’re intended to replace all of the conventional tow-behind “toys” found on a boat, such as tubes, wakeboards, and water skis.
Zup boards clean down the clutter without sacrificing any of the enjoyment by merging all of the qualities of these goods.
Who is the founder of Zup Board?
Zup Boards was founded by Nick Kierpiec, Glen Duff, and Scott Parks of Williamsburg, Virginia. They launched the company in their garages in 2008. They intended to design a device that is safe, pleasant, and simple to use, allowing customers to advance their talents.
There are three variants available, each with a single or double rider. The You Got This, Do More, and You Go models are depending on the rider’s competence level.
For safety and comfort, the boards include soft grip-able handles and are wrapped in soft foam. Any boat with a 100-horsepower engine may pull them, including high-powered jet skis (where allowed by law).
The men are dedicated to producing a safe, high-quality product while keeping an eye on the bottom line. The boards are available online at Amazon and in person at Overton’s Sporting Goods.
What Happened to Zup Board at Shark Tank pitch?
In Shark Tank episode 911, Nick Kierpiec, Glen Duff, and Scott Parks seek a sale for Zup, their brand of towable water sport boards. They want a Shark to assist them in expanding their presence in sports goods retail locations.
Nick, Glen, and Scott appeared on Shark Tank in seeking of $300,000 in exchange for a 10% stake in their company, which worth $3 million.
They demonstrate their product and make their case. The Sharks want to know the figures after the demonstration. They have $2.5 million in total sales and $1 million in annual sales.
Sales are generated via 180 stores in the United States as well as online outlets such as Amazon. Their items range in price from $279 to $400, with a combined profit of 54%.
The pitch begins to break apart a little here, with the men wandering off on tangents and not directly answering questions.
Mark doesn’t believe their claim that they’re disrupting their business; he went out. Daymond doesn’t think he’ll be able to hold a discussion with the boys, so he’s out too.
When Kevin finds that they have $550,000 in debt, $200,000 in receivables, and $100,000 in the bank, he declares that it’s 50/50 that they’ll go out of business; he’s out.
Lori claims that she can’t go all in on this business and that she also went out. Sara swiftly follows, informing the lads that they need to improve their messaging. They eventually left the pitch without a deal.
What Happened to Zup Board after Shark Tank?
Despite the failure of the deal during the pitch, their website traffic rose 4000 percent in the immediate aftermath of the original air date, and they made a lot of purchases. Inquiries were also received from investors.
Zup was embroiled in a patent litigation in August of 2018, around 7 months after the show aired. They were in talks with a business named NASH about collaborating on some boards.
NASH agreed to a nondisclosure agreement, but the deal fell through. NASH soon began manufacturing its own wakeboards. The judge decided against ZUP in the lawsuit.
The firm is still in operation as of February 2022, with annual revenue of $3 million.
Competitors of Zup Board
The primary Competitors of Zup Board in the market space are; TITO Wake Surfer and Twin Peaks Water Ski.
Net Worth of Zup Board
The company valuation was $3 million during and after the pitch. Since then the company is still in business and hence the company net worth might have been higher than that of pitch.
Zup Board FAQs
What is Zup Board?
Zup is a tow-behind water sport device that allows users beginner to advance to transition from one activity to the next
. It’s a board for wakeboarding, boogie boarding and similar sports that allows customers to ease into their chosen activity and go to the next level.
It’s intended to replace all of the conventional tow-behind “toys” found on a boat, such as tubes, wakeboards and water skis.
Who is the founder?
Zup Boards was founded by Nick Kierpiec, Glen Duff, and Scott Parks of Williamsburg, Virginia. They launched the business in their garages in 2008.
They intended to design a device that is safe, pleasant and simple to use, allowing customers to advance their talents.
How much were they seeking on Shark Tank?
They were seeking $300,000 in exchange for 10% of the company. The company was valued at $3 million.
Did they have the deal?
No, they did not have a deal.
Is Zup Board still in business?
Yes, Zup Board is still in business as of February 2022.
How does Zup Board work?
The Zup board attaches to the boat’s tow line. It can be used both with and without the attachments (which are optional). The rider lies down, kneels or stands on the board next to/on top of their head. They’re intended to replace all of the conventional tow-behind “toys” found on a boat, such as tubes, wakeboards and water skis.
Where is Zup Board located?
Zup Boards is located in Williamsburg, Virginia.
What is the price range of Zup Board?
It has a general price range between $279 and $400.
Where can you buy Zup Board?
The boards are available online at Amazon and in person at Overton’s Sporting Goods.
How do you tow a Zup board?
One doesn’t. The boards are tow-behind water sport devices that allow users to ease into their chosen activity and go to the next level. It’s intended to replace all of the conventional tow-behind “toys” found on a boat, such as tubes, wakeboards and water skis.
What is the warranty for a Zup Board?
Zup Boards is warrantied to be free from defects in material and workmanship for a period of one year from the date of purchase, but only one trip on the board and it has to be fully submerged in water.
How quickly can you pull a Zup board?
For every ZUP Board, they suggest 12-18 MPH. Because the 2.0 has less drag, it may perform somewhat better.
Do you think you can surf on a Zup board?
Yes, users can do it as well! If their tiny heart wishes, they can even stand or surf! Tricks and 360s are just frosting on the cake, in our opinion! With our boards, users truly can do it everything!
What are the payment methods accept by Zup Boards?
The payment methods accepted by Zup Boards include: PayPal, Visa, MasterCard, Discover and American Express.
What is the return policy of Zup Board?
Zup Board is not a refundable item. Orders are not made through the site or through Overton’s Sporting Goods.
What are the shipping fees for a Zup Board?
For every ZUP Board, they suggest 12-18 MPH. Because the 2.0 has less drag, it may perform somewhat better.
How many models of the board does it have?
Zup Board has 2 models, namely 2.0 and original, both created to fit any need or desire. Users can use the boards with or without attachments (which are optional).
What are the advantages of Zup Boards?
There are many advantages of using Zup board as it is compact and light weight which makes it easy to carry around and store. It has a strong grip so that you can use it without any slip issues even if it is wet.
Where do I find a best deal for the Zup Board?
Customers can find the boards on Amazon for as low as $199, depending on the size. It is also available at Overton’s for $149.99, but it is stock limited.
What is the net worth of Nick Kierpiec?
The net worth of Nick Kierpiec is not available.
What is the net worth of Glen Duff?
The net worth of Glen Duff is not available.
What is the net worth of Scott Parks?
The net worth of Scott Parks is not available.
