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Denver gaming companies' revenue soars after 'Shark Tank' deal
A Denver-based startup has secured a $150,000 investment from a Shark Tank venture capitalist and sales continue to grow.
DENVER A Denver-based startup has secured a $150,000 investment from a Shark Tank venture capitalist and just months later is paying back the investment as revenue continues to soar.
Tom Filippini, the founder and sole employee of Pepper ponga portable, more versatile game described as the love child of pickleball and table tennis, launched the product last year in hopes that others would use the game to connect with each other and use their cell phones less.
He pitched the product on a November 22 episode of ABC's Shark Tank, and guest shark Todd Graves took the bait. Filippini initially requested an investment of $150,000 for a 10% stake in the company.
During the show, Filippini talked about how his past struggles with alcoholism inspired him to work on Pepper Pong, which he described as his “passion project.” That caused Shark Tank venture capitalist Daymond John to talk about his own battle with alcoholism and make an offer of $150,000 for a 30% stake.
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Sources 2/ https://www.9news.com/article/money/business/denver-startup-pepper-pong-sales-shark-tank-deal/73-ccf2e43a-0188-496b-9d0f-acd8b44e3a20 The mention sources can contact us to remove/changing this article |
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