Kronos Golf is a unique company that has been making waves in the golf industry with its beautifully hand-crafted, balanced putters. Founded by Philip Lapuz and Eric Williams, the company has grown significantly since its appearance on the hit television show Shark Tank in 2014.

This blog post will provide an overview of Kronos Golf, including its net worth, funding, and updates since Shark Tank. We will also explore the founders’ backgrounds and the company’s standing in the competitive golf market.

Overview of Kronos Golf

Kronos Golf was established in 2010 by Philip Lapuz and Eric Williams, who both have backgrounds in various industries, including positions at major golf brands like TaylorMade and Titleist. Their expertise in the golf industry led them to create a company that specializes in hand-crafted, balanced putters with a clean sound and design. Today, Kronos Golf offers seven premium putter models, including left-handed options, and their products are sold by major brands like Adidas, Nike, and Callaway.

Kronos Golf Net Worth

The current estimated net worth of Kronos Golf is around $5 million, with some sources estimating it to be as high as $19 million. The company’s annual revenue is estimated to be between $2-3 million, with the majority of sales (95%) coming from the Japanese market. Lapuz and Williams, the founders of Kronos Golf, have an estimated personal net worth of around $1 million each. 

Funding Kronos Golf

Kronos Golf gained significant attention when it was featured on Season 6 of Shark Tank, where Lapuz and Williams secured a deal with Robert Herjavec for $150,000 in exchange for 30% equity in the company. This investment provided the necessary funds to expand Kronos Golf’s product portfolio and help it grow in the competitive golf market.

Kronos Golf Shark Tank Updates

Since its appearance on Shark Tank, Kronos Golf has experienced a reported 3000% increase in online sales, demonstrating the impact of the show on the company’s growth. Despite this significant increase in sales, Kronos Golf still struggles to break into the US market due to the preference for pro golfer endorsements. Nonetheless, the company continues to expand its product line and remains dedicated to its mission of crafting high-quality, balanced putters.

Kronos Golf After Shark Tank?

After stepping off the Shark Tank stage, Kronos Golf has been making waves in the golf world. The company’s net worth has significantly increased since their appearance on the show, proving that their innovative approach to golfing equipment is a hole-in-one with customers.

The Kronos Golf team, led by Phillip Lapuz, has been tirelessly working to create high-quality putters designed for golfers of all skill levels. The company’s success post-Shark Tank can be attributed to their dedication to quality and their unique approach to design, which prioritizes balance over all else

In the years following their Shark Tank appearance, Kronos Golf has grown its product line to include a variety of putter designs. Each putter is meticulously crafted to ensure optimal balance and weight distribution, resulting in improved putting accuracy and consistency. This dedication to quality has helped Kronos Golf increase their net worth and establish a loyal customer base.

What Kronos Golf Pitch and Deal On Shark Tank?

When Kronos Golf made their pitch on Shark Tank, they were seeking a $150,000 investment in exchange for a 15% stake in their company. The Sharks were intrigued by Kronos Golf’s focus on balance and the quality of their putters, but they were concerned about the company’s high valuation and lack of sales.

However, Robert Herjavec saw potential in Kronos Golf and made an offer. The deal was for $150,000 in exchange for a 30% stake in the company. This was double the equity that Kronos Golf initially offered, but Lapuz accepted the deal, recognizing the value of having a Shark on board.

Where Is Kronos Golf Now?

Since their Shark Tank appearance, Kronos Golf has continued to grow and thrive. The company’s net worth has increased significantly, thanks to their ongoing dedication to creating high-quality, balanced putters. They have expanded their product line and have attracted a loyal following of golfers who appreciate the craftsmanship and performance of Kronos putters.

Kronos Golf has also collaborated with other golf companies to create innovative products. For instance, they partnered with Bridgestone Golf to create a limited-edition putter. This collaboration not only boosted Kronos Golf’s visibility in the golf world but also increased its net worth.

In conclusion, Kronos Golf’s journey from Shark Tank to where they are now is a testament to their commitment to quality and innovation. Their increased net worth is a reflection of their hard work and the value they offer to golfers around the world. While the road hasn’t always been easy, Kronos Golf has proven that they have what it takes to succeed in the competitive world of golf.

Conclusion

Kronos Golf is a fascinating company that has carved out a niche in the golf industry with its meticulously hand-crafted, balanced putters. With an estimated net worth of around $5 million and strong sales in the Japanese market, the company has demonstrated its ability to grow and thrive in a competitive industry. Despite facing challenges in the US market, Kronos Golf’s dedication to its craft and the support of investors like Robert Herjavec from Shark Tank have positioned the company for continued success in the future.