ZUP Update | Shark Tank Season 9
ZUP is a water accessories brand that has produced a multi-purpose waterboard for outdoor activities that can be used on lakes, ponds, and even the beach. The company came onto
Shark Tank ZUP Update
- Entrepreneurs: Nick Kierpiec, Glen Duff, and Scott Parks
- Business: Water Boards
- Ask: $300,000 for 10% equity
- Result: No deal
- Sharks: None
The entrepreneurs told the sharks that ZUP had about $2.5 million in total lifetime sales since launching the business about four years earlier. Most of the company’s sales come from nearly 200 different retail locations across North America and Europe. A smaller portion of the sales come from Amazon or their own website.
Tow handle and rope combo ensure your children have the highest-quality and safest equipment for their favorite watersports on the lake or river
Nick, Glen, and Scott told the sharks that their company averaged a 54% margin across all of the products and sold them at price points between $219 and $499.
Mark Cuban and Daymond John have some concerns about the entrepreneurs themselves. They felt as if they couldn’t get direct answers about the product, so they both respectively dropped out without making an offer.
Kevin O’Leary also dropped out after uncovering some answers about the $550,000 of debt that ZUP currently had on its balance sheet.
Guest shark Sara Blakely and Lori Greiner were the final two sharks remaining, but they eventually dropped out after sharing some of their concerns with the entrepreneurs’ vision for the future.
So, how are things going for the company after not getting a deal? Let’s take a look at our ZUP update.
ZUP is still in business after appearing on
Many of the sharks thought that the company would go bankrupt fairly quickly after appearing on the show, but it appears that theory is wrong. It’ll be interesting to see where our next ZUP update takes us.
You can find the other company updates from Season 9 Episode 17 here:
Don’t forget to take a look at our Season 9 products page! We’ve got more company updates from