Tower Paddle Boards is Swimming With Big Sharks
"Tower is like the Dell of stand-up paddle boarding"- Mark Cuban. In the summer of 2010,Tower (surf-side retail shop) opened up in San Diego.
Theshop is only several blocks from Mission Bay which is located right in the heart of the “youth & surf” culture. Mission Bay covers over 4,000 acres making it the “largest man-made aquatic park” in the world.
The large showroom caters specifically to the growing SUP market. SUP stands for “Stand-up paddle boarding” and due to its popularity, has become one of the most popular activities on the water.
Tower paddle boards are unique than others due to their design. The tower brand carries a wide variety of SUP boards by brands located all over the world.
You can shop directly from their website or take a stroll down to their surf-side shop. Even if you don’t live in the area, don’t worry, they got you covered. They ship anywhere in the world which is one of many reasons why are the best place to shop for all your paddle boarding needs.
So, what is the shark tank story?
Tower was not a company that started overnight. After the online store was launched and sales were rising, the company was selected on a prime-time TV show called “Shark Tank”. The idea was to pitch the concept to the panel of potential investors. The show aired in 7/2011 and Mark Cuban (investor) offered $150k for a 30% stake in Tower Paddle Boards.
The deal closed in 11/11 and since then, business has tripled in the last year and the company is currently on pace to do $1.5M in sales for 2012. Stand-up paddle boarding is not just a sport; it’s a lifestyle which makes Tower a lifestyle company by design. Basically, SUP is surfing, but evolved.