Hamboards’ Skyrocketing Success: A Shark Tank Boon
With a net worth estimated at $2 million, Hamboards has become a force in the skateboarding industry. This impressive surge follows the company’s successful appearance on the popular television show “Shark Tank.”
The company’s innovative design, simulating the experience of longboarding on land, has attracted a loyal following. Hamboards’ commitment to sustainability, using recycled materials, further enhances its appeal to eco-conscious consumers.
Investment and Guidance Propel Growth
Following their appearance on “Shark Tank,” Hamboards secured a deal with investor Robert Herjavec. His investment and expertise proved invaluable, helping the company implement cost-cutting measures that boosted its profits.
Distribution and Growth Drive Sales
Hamboards has expanded its distribution network significantly, reaching nearly 60 skate shops nationwide and becoming available on Amazon. The company’s wide reach has contributed to its increased sales, which surpassed $1 million in the year following their Shark Tank pitch.
Future Prospects and Potential
With its innovative products, strategic partnerships, and unwavering commitment to sustainability, Hamboards is well-positioned for continued growth. Future plans include licensing, collaborations, and even international expansion.
The Founders of Hamboards
Pete Hamborg, Gus Hamborg, and Donnie Sandusky established Hamboards in 1997, driven by their passion for land-surfing. Their patented Surfskate Trucks (HST) revolutionized the skateboarding experience, allowing riders to enjoy surf-style carving on land.
Robert Herjavec’s Role
Robert Herjavec’s investment of $300,000 in Hamboards on “Shark Tank” proved to be a turning point for the company. His guidance and mentorship played a significant role in Hamboards’ post-show success.
Key Insights
- Hamboards’ unique design and commitment to sustainability set it apart in the skateboarding market.
- The company’s partnership with Robert Herjavec provided crucial investment and business expertise.
- Hamboards’ success highlights the transformative power of media exposure and strategic partnerships.
- The company’s ongoing commitment to innovation and ethical practices promises a bright future.