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Pingpong hybrid nets $150K from restaurant founder on “Shark Tank”

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Pepper Pong, a portable game that combines elements of ping pong and pickleball, had done roughly $350,000 in sales as of last Friday afternoon, according to founder Tom Filippini.

Twenty-four hours later, that figure had more than doubled — thanks to the company’s appearance that evening on ABC’s “Shark Tank.”

“They were buying the connection more than the game,” he said. “You’re not giving a product. You’re giving a story about bringing people together. People are hungry for that connection.”

Filippini pitched that story to the show’s “sharks,” talking about his struggles with alcoholism before getting sober in 2016.

“We’ve easily gotten over 1,000 emails basically thanking us for telling our story, not for creating our product or asking about their order,” he said of the post-show response. “The product is really just a conduit in what we’re trying to accomplish, which is to head off this epidemic of isolation.”

Filippini went on the show asking for $150,000 for a 10% stake in the company. He ultimately gave up 19 percent in exchange for an investment of that size from Todd Graves, founder of the Raising Cane’s fast food chain.

It’s Pepper Pong’s first outside investment. Filippini said he’s put around $500,000 of his own money into the venture.

Filippini noted that Graves is a paddle sports fan himself. He’s a part-owner of the Texas Ranchers, a professional pickleball team. And a Cane’s location built in collaboration with musician Post Malone has a pingpong track running along the walls of the restaurant.

“I think Todd and I are really well-aligned in our feeling that business should be fun and lighthearted,” he said. “We call him the ‘aw-shucks’ billionaire.’”

Filippini moved to Denver in 1997 and worked in mergers and acquisition investment before founding the vacation club Exclusive Resorts with Brent and Brad Handler in 2002. He sold the company, now based in McGregor Square, in 2004, and went back to the investing industry in 2010.

In 2016, he started Aviation Innovation Holdings, a firm that invests in niche flight-industry companies. He spends nights and weekends, he said, on Pepper Pong.

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