Zup Board Shark Tank Net Worth
ZUP, a line of versatile, easy-to-use, towable wakeboards, was featured on Shark Tank episode 911.
The founder Glen Duff, Scott Parks, and Nick Kierpiec had a net worth of 3 Million USD as of 2022, and ZUP had about $2.5 million in total lifetime sales since launching the business about four years earlier.
As of 2021, ZUP revenues are estimated at more than $3 million.
What is Zup Board and Who is the founder of Zup Board?
Zup Board is a unique water sport device that combines elements of water skiing, boogie boarding, and wakeboarding to help users progress in their chosen water sport. These brightly colored boards are designed to be simple to use and come in three variants depending on the user’s skill level.
The founders of Zup Board are Nick Kierpiec, Glen Duff, and Scott Parks, who launched the company from their garages in Williamsburg, Virginia in 2008. Their aim was to create a safe, enjoyable, and easy-to-use device that would help customers improve their water sports abilities.
Zup Boards are intended to replace traditional tow-behind water toys such as tubes, wakeboards, and water skis. The boards are versatile and allow users to lie down, kneel, or stand, depending on their skill level. They’re also equipped with soft, grip-able handles and wrapped in soft foam for added safety and comfort.
Zup Boards can be pulled by any boat with a 100-horsepower engine, including high-powered jet skis where permitted by law. The You Got This, Do More, and You Go models are available in single or double-rider variants to suit a range of users.
Zup Board’s founders are committed to producing high-quality, safe products while keeping costs reasonable. Zup Boards can be purchased online at Amazon or in person at Overton’s Sporting Goods.
What Happened to Zup Board at Shark Tank pitch?What Happened to Zup Board after Shark Tank?
In episode 911 of Shark Tank, Nick Kierpiec, Glen Duff, and Scott Parks pitched their Zup brand of towable water sport boards in hopes of securing a deal with one of the Sharks. They were seeking $300,000 in exchange for a 10% stake in their company, which was valued at $3 million.
During the pitch, the Sharks were impressed with their product and asked about their sales figures. Zup had generated $2.5 million in total sales and $1 million in annual sales through 180 stores in the United States and online outlets like Amazon. Their products were priced between $279 and $400, with a combined profit of 54%.
However, the pitch began to unravel when the Sharks asked additional questions, and the Zup founders struggled to provide clear answers. Mark Cuban and Daymond John passed on the deal, while Kevin O’Leary expressed concern over the company’s debt and cash position. Lori Greiner and Sara Blakely also declined to invest.
Despite the failed deal, Zup saw a surge in website traffic and sales after the episode aired. They also received inquiries from potential investors. However, in August 2018, around seven months after the show aired, Zup became embroiled in a patent lawsuit and failed to strike a deal with a potential collaborator named NASH.
The lawsuit ruled against Zup, but the company continued operating and had an annual revenue of $3 million as of February 2022.
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.
