Splash Place Swim Goggles - Shark Tank Update

Swim Goggles

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Season 15, Episode 19 Founded by Ashley Carson and Karen Walker In Business

Splash Place Swim Goggles Details

Shark Tank Episode Details

Founders Ashley Carson and Karen Walker
Air Date 2024-04-05
Season & Episode Season 15, Episode 19
Initial Ask $200K for 5.0% equity
Deal Details Got deal: $200K for 10.0% equity from Lori Greiner
Estimated Yearly Revenue $500k-1 million
Estimated Net Worth (4x estimated revenue) $3.0 million

The Shark Tank Pitch

Competitive swimming meets innovative design when Ashley Carson and Karen Walker identified a critical gap in professional swimming equipment that was causing unnecessary drag and performance limitations for serious athletes and recreational swimmers alike. Their breakthrough came through recognizing that traditional swim goggles, despite decades of incremental improvements, still suffered from fundamental design flaws that created water resistance and limited peripheral vision, leading them to develop Splash swim goggles with revolutionary hydrodynamic engineering and enhanced visibility features.

Splash represents a complete reimagining of swimming eyewear technology, incorporating advanced materials science and fluid dynamics principles to create goggles that not only reduce drag but actually enhance swimmers' natural head position and stroke efficiency through improved weight distribution and ergonomic design. The innovative goggle design features proprietary lens technology that provides wider field of vision, anti-fog coatings that maintain clarity throughout extended swimming sessions, and customizable fit systems that accommodate diverse facial structures while maintaining watertight seals that don't compromise circulation or comfort during long training sessions.

Ashley and Karen's business model targets the substantial market of competitive swimmers, triathletes, and serious recreational swimmers who understand that equipment quality directly impacts performance and are willing to invest in premium products that provide measurable advantages in speed, comfort, and training effectiveness.

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Where Are They Now?

The Shark Tank presentation showcased the intersection of athletic performance and innovative product development when Ashley and Karen sought $200,000 for 5% equity, demonstrating their swim goggles' superior performance characteristics through water testing and technical specifications that impressed the sharks with their engineering sophistication. Lori Greiner recognized the market potential and manufacturing scalability of improved swimming equipment, making a deal for $200,000 for 10% equity while expressing enthusiasm for helping bring innovative athletic products to broader consumer markets through strategic retail partnerships.

We found that the television exposure significantly boosted awareness of Splash swim goggles among competitive swimming communities and fitness enthusiasts who are always seeking equipment advantages that can improve their performance and training experiences. The partnership with Lori provided both financial resources and invaluable retail expertise for scaling athletic equipment businesses, drawing from her extensive experience with consumer products and her understanding of how to position premium sports gear in competitive markets.

Since the show, Splash has continued building their presence in the competitive swimming market while expanding their product line and distribution channels, proving that innovative athletic equipment can achieve substantial growth when it provides genuine performance benefits that serious athletes can immediately recognize and appreciate during their training and competitive activities.

Revenue

$500k-1 million

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