USD Alumnus Wins "Shark Tank" Funding
Stephan Aarstol's Tower Paddle Boards is an interesting business venture. He doesn't manufacture the boards, but his claim is that he has the internet marketing skills to blow this business out of the water. He is wholesaling the boards at half price and has sold $100,000 worth of product in four months. The sharks are not impressed and think the valuation of the company is way too high. The only one to bite is Mark Cuban. He offers Stephan $150,000 for a 30% stake in the company plus a 10% royalty on sales. He also wants the first right of refusal for any future company ventures. Stephan plays ball and a deal is struck. (Full Story)
Stephan Aarstol earned his MBA from the University of San Diego in 1999.