What Happened to Hamboards after Shark Tank?
What is Hamboards?
Hamboards is a company that makes surf and skateboard boards, paddles, accessories, and gear. Surfskate boards are a type of skateboard created for street usage with the goal of simulating the surfing experience.
Longboards and shortboards in a number of styles are available from Hamboards, including Classics, Pingers, and Loggers for longboards and Fish, Pescaditos, Huntington Top Carving, and Twisted Fin for shortboards. They also sell cruiser skateboards, paddleboards, and electric skateboards.
In Huntington Beach, Peter Hamborg invented the Hamboards. Peter studied Tubular Projection in Aqueous Environments at the University of Orange Coast College before becoming an Orange County fireman for nearly thirty years.
He considers himself an artisan, a firefighter, and, more recently, an entrepreneur. Since he has proudly worn this most recent distinction for over fifteen years, the term “recently” is relative.
Who is the founder of Hamboards?
Hamboards was founded in Huntington Beach by Peter Hamborg. Pete Hamborg, a Huntington Beach firefighter and father of five boys, built the first Hamboards as a garage hobby to allow his sons (and their friends) to surf the pavement when the surf was too big or too little.
Years of trial and error culminated in the first mass-produced Hamboards. Decks made of bamboo or birches were employed, and they were outfitted with commercially available branded trucks, wheels, and bearings.
For the next many years, Hamboards were built by friends and family and sold locally from a small shop in Huntington Beach.
This solution worked rather well on a small scale, except for a persistent design flaw in the trucks, which were never designed to bear the tremendous loads provided by the massive and broad Hamboards decks.
Years later, when the difficulties of running a small business became too much for Pete, he enlisted the help of his east coast cousin Don Sandusky, a seasoned entrepreneur, engineer, inventor, and sports goods executive. Pete and Hamboards Holdings, LLC signed an asset purchase agreement.
What Happened to Hamboards Shark Tank pitch?
Hamboards is “the modest business that creates the genuinely gigantic skateboard,” and they appear on Shark Tank in episode 504. They were looking for a Shark to help them with marketing and distribution.
Pete, Gus, and Don arrived on Hamboards in the Shark Tank, seeking $200,000 for a 20% stake in their business, which worth $1 million.
Following a brief history of skateboarding, he tells how a lucky accident led in Hamboards operating properly. Mom damaged the wheels of a prototype when she ran over it with her automobile in order to make it turn more smoothly.
Don introduces himself as the “family tough man” and discusses how he developed “never flat” technology. Following that, Robert and Daymond try out a Hamboards.
They made $225,000 in sales last year and expect to make $350,000 this year. They’ve just hired sales agents to expand their store presence.
They stated that they have a “intellectual property portfolio” when asked about patents. The most popular Hamboards retail for $525 and are manufactured for less than a third of that cost.
They also have paddles, transforming Hamboards into land-based stand up paddle boards.
Lori decides that the product is too specialized and exits. Mark went out because he rejects the idea of selling surfing as a cultural product. Kevin feels the company isn’t ready to take off, so he exits as well.
Daymond was interested in licensing Hamboards and quickly bringing it to market; he has offered $200,000 in return for 30% equity.
Robert liked Hamboards and feels they promote “the California Dream, baby!” He anticipates that a substantial part of his clientele will be aspiring surfers.
Robert was interested in joining, but feels they need more financing; he offers $300,000 in return for 33% ownership of the company.
They offer $300,000 in return for 30% stock, which Robert accepts. They walked away from the pitch with a deal.
What Happened to Hamboards After Shark Tank?
The deal with Robert was finalized, and Hamboards’ sales surged after its introduction. In episode 611, viewers were given an update on the company.
According to the story, Robert makes a visit to the company and claims that Hamboards have produced over $1 million in sales since their debut.
They also have a monopoly on the market for stand-up skateboards. They continue to create everything by hand, but they have enlarged their facilities and hired three additional full-time employees.
Robert Herjavec and his Hamboards have taken on the road! Hamboards were upgraded in Beyond the Tank Episode 109.
Since their participation on Shark Tank, the company’s product line has extended to include short (or regular sized) boards as well as electric skateboards.
Abraham Paskowitz, son of surfing legend Dorian “Doc” Paskowitz, joined Hamboards as Partner and Chief Experience Officer in March 2021.
As of June 2021, the company’s products were distributed through 60 independent skate and surf shops, 59 in the United States and one in Thailand.
The firm is still in operation as of January 2022, with annual sales of more than $1 million.
Competitors of Hamboards
In the market, the firm has a slew of competitors. Bustin Boards, Stoked Skateboards, Action Watersports, Warehouse Skateboards, Landyachtz, Teamgee Skateboard, Black Diamond Sports, and Comet Skateboards are among them.
Net Worth of Hamboards
During and after the pitch, the firm was valued at $1. Since the company is still in operation, its net worth might have been higher.
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Hamboards FAQs
What is Hamboards?
Hamboards is an American-owned firm that manufactures a board that was initially designed for surfing. They make no claim to being the product’s original creators.
Who is the founder?
Pete Hamborg is the company’s founder and current CEO.
How much were they seeking on Shark Tank?
They were looking for $200,000 in exchange for a 20% stake in the firm.
Were they able to close the deal?
They did, in fact, have the deal from Robert Herjavec.
How much did the deal cost?
Robert offered them $300,000 in exchange for 30% ownership of the firm.
Is Hamboards still in operation?
Yes, they are still in business in January 2022, with annual revenue of more over $1 million.
Where are their items manufactured?
Huntington Beach, California is where Hamboards are created. They produce all of their items in-house.
Is it possible to buy a Hamboards?
Yes, clients may order and purchase the board online by visiting https://www.hamboards.com.
Is Hamboards available for shipping?
Hamboards is already sending the device to customers in the United States, Canada, and Mexico.
How much do Hamboards cost?
Customers may purchase Hamboards on their website at https://www.hamboards.com for costs ranging from $259 to $525, depending on the model they choose.
What do Hamboards fans think of them?
Fans of Hamboards are mostly surfers, skateboarders, and snowboarders.
What is the best way to pay for Hamboards?
Customers can pay with a credit card on their website. Alternative payment options, such as PayPal, cash, and Square Cash, are also available on their website.
Where can I get Hamboards boards?
Customers may purchase Hamboards boards on their website at https://www.hamboards.com for costs ranging from $259 to $669, depending on the model they choose. The product is also available in boutiques, surf shops, and skate stores around the United States, Canada, and Mexico.
What is the delivery period of Hamboards?
Customers may anticipate their things to arrive within two weeks after placing their order.
How long does the warranty last?
For a period of one year, the product is guaranteed to be free of material and workmanship faults. The guarantee does not cover damage caused by abuse, negligence, or misuse.
