Tandem Boogie
DealBoogie board for two
Tandem Boogie is a boogie board for two that got its big break on Shark Tank in Season 12, and convinced Robert Herjavec and Daniel Lubetzky to invest.
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From the show
The Shark Tank pitch
- $100K
- Asked for
- 10%
- Offered equity
- $1M
- Sought valuation
- $100K
- Deal amount
- 35%
- Deal equity
- $286K
- Deal valuation
Founder The Clark Family and stepped onto the carpet in Season 12, Episode 17 in the episode that aired March 12, 2021. Tandem Boogie, the boogie board for two, pitched in the Sports & Outdoors category, one of 154 sports & outdoors businesses to brave the Tank across all 17 seasons.
The ask was $100,000 for 10% of the company, an implied valuation of $1M.
Robert Herjavec and Daniel Lubetzky teamed up at $100,000 for 35% equity. That priced the company at $286K, a haircut from the $1M the founders walked in asking for, which is how negotiations in the Tank usually go.
Season 12 saw 100 pitches, and 71 of them closed a deal on air. In the Sports & Outdoors category overall, roughly 64% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Tandem Boogie?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Tandem Boogie get a deal on Shark Tank?
Yes. Tandem Boogie closed a deal for $100,000 in exchange for 35% equity, with Robert Herjavec and Daniel Lubetzky.
Which shark invested in Tandem Boogie?
Robert Herjavec and Daniel Lubetzky invested in Tandem Boogie ($100,000 total as aired).
What season of Shark Tank was Tandem Boogie on?
Tandem Boogie appeared in Season 12, Episode 17, which aired March 12, 2021.
How much was Tandem Boogie asking for on Shark Tank?
The founders asked for $100,000 for 10% of the company, a $1M valuation.
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