What Happened To Kronos Golf After Shark Tank?

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It is no exaggeration to say that golf is a sport that calls for a great degree of precision from its players.

The designers of the Kronos putters, Phillip Lapuz and Eric Williams, make an effort to guarantee that their product is effective in this particular context.

They presented a presentation on their firm on the sixth season of "Shark Tank," and they were successful in getting a deal as a result of their presentation. 

The value of Kronos Golf is projected to reach $5 million by the year 2022, and the company's activities are expected to continue expanding during that time period. 

The innovative golf ball firm Kronos Golf, which was the first to design a magnetic ball to aid in slicing the ball more accurately, was only recently acquired by another golf equipment manufacturer.

This transaction took place just a few short months ago.

Following the company's participation in the show "Shark Tank," there has been a discernible increase in the amount of interest in the product or service.

Even though Kronos Golf has been in the industry of selling golf balls for the last five years, the company is constantly working to increase its market share.

Who founded Kronos Golf?

Philip Lapuz, the owner of Kronos Golf, spent his youth in the city of Carlsbad, which is situated in the state of California.

What Happened To Kronos Golf After Shark Tank

After receiving his bachelor's degree in economics from the University of California, San Diego, he continued his study and earned his master's degree in economics from Osaka University in Japan.

Following that, Philip was successful in securing a position in the area of consulting.

The city of Phoenix, in the state of Arizona, is Eric Williams' hometown. Eric is now a teacher in addition to having had a number of other vocations in the past, including the creation of software and photography.

Because they shared a passion for golf, Eric and Philip quickly became friends with each other.

It had now gotten to the point where the two company owners, along with a handful of their friends and acquaintances, could no longer stand using putters that were wrongly balanced.

It is stated that these kinds of golf clubs are the most precise types of clubs since, while using them, the ball is just a little distance away from the hole.

Before appearing on Shark Tank

Before establishing Kronos, Philip and Eric had worked at a number of prestigious golf equipment manufacturers, such as TaylorMade, Titleist, and Goldwin, amongst others. 

In 2010, they took the first step toward establishing their own company and getting into the entrepreneurship field.

They followed the time-honored practice of making putters in an old-fashioned manner, by hand, in order to achieve the finest possible degree of precision.

They made advantage of this in order to generate a first-year investment of one hundred thousand dollars and to market their wares on their website in addition to doing so via cooperation with a number of other sports channels.

Kronos putters immediately earned a reputation for having a clear sound as a result of the brand's dedication to developing goods that are well-balanced.

The Japanese market was responsible for the bulk of the company's total revenue of 260 thousand dollars, which was earned there. 

However, the founders of the corporation had their eyes set on a bigger market when they first started the business. As a result, they sought well-known investors who had previously been featured on the television program "Shark Tank."

Kronos Golf Shark Tank

2014 was the year when Philip Lapuz and Eric Williams presented their proposal for a golf firm after having their application for funding granted the previous year.

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They went to the Shark Tank with the intention of securing a $150,000 investment in exchange for a 15% ownership interest in their firm.

They emphasized how critical it is for golf putters to have the best possible degree of precision in their shots. They take this stance in opposition to mass production for a number of reasons, including this one.

Instead, every one of their products is crafted by highly experienced craftsmen using traditional methods from the ground up.

When Philip recounted the facts of his story with the Sharks, including the fact that his girlfriend's parents disapproved of his marrying their daughter, it reduced the Sharks to tears.

Philip's story contained that aspect. It is a blessing that Philips was successful in gaining their consent and being married to Tara in the year 2017.

The majority of the Sharks turned down the offer, despite the fact that they were exceptionally committed to their jobs. Robert Herjavec was the only one who saw potential in Kronos's business model.

In the end, he settled on purchasing thirty percent of the business for a total investment of one hundred fifty thousand dollars.

After appearing on Shark Tank, what became of Kronos Golf?

The founding entrepreneurs of Kronos Golf have been successful in growing their businesses to greater heights. They have also used the investment to increase production so as to meet growing demand.

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Despite this, Japan continues to account for the great majority of its sales since there is a huge demand for its products in Japan. This demand has allowed Japan to continue to be their most important market.

Their assortment of products now features a plethora of cutting-edge new items, one of which is a putter that has been created specifically for golfers who putt with their left hand.

Other items in their collection include a variety of other cutting-edge new items. They have seven distinct varieties of high-quality putters that are now available for purchase in their store.

These models are now available for purchase via a variety of stores, including Adidas, Nike, and Callaway, amongst others. 

In addition, Kronos is making preparations to enter the American market at some time in the not-too-distant future. 

However, for the time being, Japan will continue to be the major focus of its attention. Despite the fact that it has eschewed mass production, this company is thriving. It is believed to be worth a total of five million dollars.

Kronos golf net worth

Kronos is still selling products in Japan, and Lapuz just tied the knot with the lady he had been betrothed to for a long time, Tara.

Kronos putters are uniquely created under computer numeric control, then hand polished and assembled by the most superb craftsmen from across the globe, using only the finest materials and the most cutting-edge technology.

The production of solid metal billets is the superior way to casting, welding, and staining, all of which are used in the production of similar products.

Kronos reduces the amount of precision that is necessary as a result of its outstanding design and faultless execution.

The Hinotori Putter, manufactured by Kronos Golf and shown on an episode of "Shark Tank," was later included in an exhibit at the British Golf Museum in St. Andrews, which is located in Scotland.

The museum has been in the same structure ever since it opened its doors for the first time.

The commercial transaction with Robert was never finished off on a positive note. However, as of the month of April 2022, Kronos Golf is still operational and generates annual revenue of roughly 5 million dollars.

A strong example of how effective corporate modeling is provided by Kronos Golf now

If Kronos Golf wanted to enhance sales of its putters, it would have to pay a lot of money to get endorsements from important individuals.

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After four years, it is quite clear from looking at their Facebook account that Kronos Golf has come a very long way!

They have formulated a mission statement, and it reads as follows: "To enhance the standard in putter manufacture one putter at a time."

Kronos Golf, in contrast to a number of other firms, manufactures its putters on home soil in the United States of America

They have asserted this on their Facebook page, stating that "All clubs are made and assembled here in San Diego, California." Because it is authentic, this story will be noticed.

The takeaway

Following its appearance on the television program "Shark Tank," Kronos Golf has witnessed a significant increase in both its income and the number of customers using its services

This expansion is a direct outcome of the publicity that the program has received. During their time on the show, they were selling balls with the K-Golf brand.

However, since that time, they have expanded their product line to include K-Gold clothing and accessories such as purses, shoes, hats, and gloves, in addition to the K-Golf balls, of which they have already sold over a million pieces.

The company has expanded the number of its staff from five employees when the documentary was being produced to over one hundred people currently not only because of their success but also because of their drive to innovate.

About the author 

Peter Keszegh

Most people write this part in the third person but I won't. You're at the right place if you want to start or grow your online business. When I'm not busy scaling up my own or other people' businesses, you'll find me trying out new things and discovering new places. Connect with me on Facebook, just let me know how I can help.

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