Tommy Prestella came onto
Shark Tank Pick-Up Pools Update
- Entrepreneurs: Tommy Prestella
- Business: Outdoor Pools for Trucks
- Ask: $100,000 for 25% equity
- Result: $100,000 for 33.3% equity
- Sharks: Mark Cuban
Most of the company’s sales have come directly online. Kevin O’Leary was interested in learning about how much the customer has to pay to acquire the product. Tommy quickly answered and told the sharks that he sells them online directly to customers for $200, while it costs him half of that amount to manufacture them.
During the current calendar year at the time of the pitch on
The primary reason that Tommy came into the tank for the investment was that he wanted to redo his website and find new ways to market the product while driving more traffic to his online platform. In addition, he’d like to eventually get manufacturing costs down so that he can improve product margins and potentially reduce the overall price of the product.
Lori Greiner dropped out because she didn’t see a vision for future marketing of the product, she would be the first shark to drop out. Robert Herjavec and Kevin O’Leary were also disappointed with the company’s lifetime sales and decided to drop out too.
Barbara Corcoran decided to make an offer of $100,000 for 25% equity, with a few additional contingencies. The main contingency was that Tommy would have to find a way to bring the cost of the product to below $100. Mark also wanted to make an offer of $100,000 for 33.3% equity. Tommy decided to accept Mark’s offer and partner up with him. Now that we’ve seen how Tommy managed to secure a deal with Mark Cuban, it is a good time to transition to the present day to get a Pick-Up Pools update.
Mark and Tommy finalized their partnership and financial deal shortly after the episode aired. For a while, the company’s products were available online on the Amazon marketplace and the company was listed on Mark’s website.
However, in August 2022 it appears that the website went down and redirects to an NSFW website. Thus, it seems is the company is no longer in business.
So, it looks like this will be our final Pick-Up Pools update.
You can find the other company updates from Season 10 Episode 17 here:
Don’t forget to take a look at our Season 10 products page! We’ve got more company updates from
Shop the Shark Tank Recap Store
Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!