In a surprising turn of events on the television show "Shark Tank," billionaire entrepreneur Mark Cuban offered $1 million to a company called BucketGolf.
The San Francisco-based startup, founded by siblings Tyler and Jenny Simmons, has developed a unique product that allows players to set up a golf-like game using foldable buckets as holes. This innovative approach to the traditional game has garnered significant attention, with the company projected to achieve over $12 million in sales for 2024.
The Simmons siblings sought a $1 million investment in exchange for a 10% equity stake in their company, aiming to expand their inventory to meet growing demand. During the episode, the Simmonses faced competition from other investors, including Kevin O’Leary, Daymond John, and Lori Greiner. Cuban, despite his dislike for golf, recognized the potential of BucketGolf and offered $1 million for just 15% equity. He expressed his willingness to leverage his influence and resources to enhance the company's visibility. The Simmonses ultimately chose to partner with Cuban due to his sports expertise and ability to drive the company forward.
With Cuban's backing, BucketGolf is poised to capitalize on its growth potential and redefine how people engage with the game of golf.