San Diego entrepreneur and University of San Diego Business School alumni (MBA ’99), Stephan Aarstol, and his company Tower Paddle Boards will be featured on ABC’s Beyond the Tank at 8/7c on Thursday, January 28th, 2016. He founded the stand up paddle boarding brand in Pacific Beach in 2010.
Since partnering with Mark Cuban and landing $150,000 in funding on ABC’s Emmy Award winning Shark Tank in 2012, Tower has done over $17 Million in sales. The San Diego Business journal crowned Tower as the #1 Fastest Growing Private Company in San Diego in 2014. A year later, Tower ranked #239 on INC Magazine’s “Inc 500” list of Americas fastest growing companies.
Using business acumen he sharpened during his MBA training at the University of San Diego in the late 90s, Stephan has grown Tower’s annual revenues over 2500% in the last 4 years. With only $100,000 in lifetime sales at the time of his investment, Mark Cuban’s has been quoted in Forbes saying that Tower Paddle Boards is one of his best Shark Tank investments.
The Beyond the Tank segment includes Cuban meeting with Stephan in San Diego to discuss different areas of the company to see what they can grow and improve, as well as Stephan traveling to Seattle for a potential business development deal with senior Amazon.com executives.
About Tower:
As a purveyor of the beach lifestyle, Tower creates tools for the human spirit. They disrupt markets with their value proposition of producing and selling high-quality products at low cost by leveraging their online marketing expertise and factory direct online business model. Beyond selling paddle boards at TowerPaddleBoards.com, Tower now operates a beach lifestyle magazine at Tower.Life, and sells handcrafted wood sunglasses at SunglassesByTower.com.
About Beyond the Tank:
Beyond the Tank is the companion series from the producers of the Emmy-winning reality series, Shark Tank. Each episode of Beyond the Tank features captivating and surprising outcomes, and examines the highs and lows after the Sharks strike a deal with the entrepreneurs on Shark Tank.
