Hamboards Skateboards Update | Shark Tank Season 5
Pete Hamborg wanted to teach his sons how to surf, by making them a giant skateboard. When he made his first board, he realized he had created a great product. His Son Gus Hamburg, and cousin Donnie Sandusky have gone into business together to sell their boards. Will they earn a deal on
Shark Tank Hamboards Update
- Entrepreneurs: Pete Hamborg, Gus Hamborg, Donnie Sandusky
- Business: Specialty skateboards
- Ask: $100,000 in exchange for 15% equity
- Result: $300,000 in exchange for 30% equity
- Sharks: Robert Herjavec
Pete, Gus and Donnie brought their Hamboards skateboards to the tank. Pete shared that in wanting to help teach his five sons how to surf, he made a large skateboard that was proportioned like a surfboard. Despite his efforts, it wasn’t quite right, that is, until his wife accidentally backed her car over it! The resulting damage flattened the parts containing the skateboard’s wheel axles just enough that it moved more freely, just like a real surfboard. That’s when he began selling the product.
OUR TRUCKS ARE UNIQUE - Our patented HST Trucks were designed to simulate a surfboard on water. Do not expect them to feel like other skateboard trucks. They are so responsive that some people call them loose. Most skateboard trucks have flexible bushings which allow them to flex and rotate. Our patented HST Trucks use stiff springs and spherical wave cams that translate axle rotation into spring compression.
The sharks were impressed with Pete’s boards right away. Robert Herjavec and Daymond John both took them for a spin and agreed that they were as fun as they looked. When Robert asked for the sales numbers, Donnie said that Hamboards had made $225,000 in the 12 months prior to filming, and they were on track to make $350,000 before that year’s end.
Lori Greiner said that demand on the West Coast wouldn’t necessarily translate into sales in landlocked states, so she was the first shark to drop out. Mark Cuban didn’t believe he would get the return he’d need on an investment, so he too went out. Kevin O’Leary disagreed with the company’s valuation, and was the next shark to go out.
Daymond was interested in investing in the company and then immediately licensing the boards and merchandise. He offered $150,000 in exchange for 30% equity. Robert was next to show interest, offering $300,000 for 33% equity. Donnie countered Robert’s offer, asking him for $300,000 for 30%, and Robert accepted the deal.
With a deal from Robert, what do you think happened next for Pete, Gus and Donnie’s company? Keep reading our Hamboards update to find out!
In our Hamboards update research, we found that the company’s business is booming. In the year following the
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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!