Kronos Golf Net Worth
Kronos Golf Net Worth
The Kronos Golf net worth is a great example of how success can be achieved with hard work and perseverance. Its unique approach to putter design has gained recognition from professional golfers and enthusiasts alike, and it uses its success to support a number of charitable endeavors.
The company is based in San Diego, California and manufactures its putters at its facility. Its putters are sold in stores and online, and it has a significant presence on social media channels, which helps it to connect with customers.
Philip Lapuz Founded Kronos Golf in 2010
Phillip Lapuz was inspired to start his own putter company after seeing a poor quality putter at a golf store. He wanted to make high-quality putters for his friends and family, so he began researching and designing the first Kronos Putter.
After a successful launch, Lapuz and his partner Eric Williams appeared on Shark Tank in 2014 to pitch their product. They were looking for a $150,000 investment in exchange for 15 percent equity. Robert Herjavec agreed to the deal, and they went on to grow their business.
Lapuz and his co-founder were able to strike a deal with the Sharks because they displayed their powerful entrepreneurial drive. They explained that they were willing to invest in a business that would not generate immediate revenue but would grow over time.
They also showed the Sharks that they had a high-quality product and were willing to invest in it. The Sharks were wary of investing in a business that wouldn’t get a return on their investment right away, but they eventually agreed to the deal because Lapuz and Williams displayed their passion for their product.
The company is still in operation, generating annual sales of $5 million and producing putters for both right- and left-handed players. Its products are available at a range of prices, with the cheapest model costing just $500.
In addition to the monetary value of its products, Kronos Golf has earned a reputation as an innovative company. Its putters are characterized by their exceptional design and execution. They have been featured in a number of media outlets, including Forbes and Golf Digest.
Despite being a small company, Kronos Golf has gained a considerable amount of recognition and is expected to continue growing in the near future. Its unique putter design has helped it to become a popular choice for both professional and amateur golfers, and it is poised for further expansion in the future.
The Sharks Appeared on Shark Tank to invest in their company
The founders of Kronos Golf appeared on Shark Tank in 2014 to pitch their company. They were seeking a $150,000 investment in exchange for 15 per cent equity. Robert Herjavec agreed to the investment, and they went on to grow their business.
As of 2023, the net worth of Kronos Golf is approximately $2 million. Its products are sold in stores and online, and it is expected to continue growing in the near future.