Shark Tank Update
Shark Tank Pitch
Hamboards Shark Tank Update
Published:
4m
Huntington Beach, CA
| Name | Hamboards |
|---|---|
| Main Presenters | Gus Hamborg, Pete Hamborg, and Donnie Sandusky |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 10/11/2013 |
| Main Location | Huntington Beach, CA Loading Map |
| Order Shown in Episode | 2 |
| Final Deal | Deal was made on the show with sharks Robert Herjavec for $300k for 30% of company. |
Hamboards Shark Tank Pitch
Pete Hamborg lives in Huntington Beach, California, with his wife and five kids, who are lifeguards and love surfing. Pete, his oldest son Gus Hamborg, and his cousin Donnie Sandusky present to the sharks their company, Hamboards. Hamboards are surfboards built for land so that anyone in America can have an experience similar to surfing.
Gus senses the Hamboard brand is gaining traction, and they need money to produce the number of boards to meet their overwhelming demand. They make all the boards in Huntington Beach, California. Gus and Pete are the creators and users of the product but are less business savvy. At the same time, Donnie has previous entrepreneurial experience, such as an invention that helps inflatable balls stay full for longer.
Robert tries Hamboards out and rides it pretty well, showing progress from his performance in season 4 with Surfset Fitness /seasons/4/episodes/2/surfset-fitness /seasons/3/episodes/9/tower-paddle-boards. Mark references his deal with Tower Paddle Boards Link Preview
Surfset Fitness who he says will probably do $3 million in revenue this year because they are marketing geniuses.Link Preview
Tower Paddle Boards
In the last year, sales were $225k, and they plan to hit $350k for the current calendar year. They hope to expand Hamboards' retail presence.
Lori feels the product will only attract a coastal audience, and Mark similarly thinks inland people do not resonate with surf culture. Daymond wants to license the design to skateboard companies, which Robert points out removes all the authenticity the family has with Pete as a firefighter and the surfing family in Huntington beach making the boards. Robert makes an offer for a larger involvement in the company.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $100k for 15% of company | |
| Sharks | Out | Lori Greiner | Out |
| Sharks | Out | Mark Cuban | Out |
| Sharks | Out | Kevin O'Leary | Out |
| Sharks | Offered | Daymond John | $100k for 30% of company |
| Sharks | Offered | Robert Herjavec | $300k for 33% of company |
| Company | Deal | Robert Herjavec | $300k for 30% of company |
Mark Cuban
Out
Daymond John
Offered
Kevin O'Leary
Out
Lori Greiner
Out
Robert Herjavec
Made Deal
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
Hamboards After Shark Tank
Don Sandusky did an interview https://www.sharktankblog.com/hamboards-interview-don-sandusky with Shark Tank Blog prior to going on Shark Tank and discussed that he lived in Maine and sold his company to Warrior sports, who wanted him to move to Detroit, Michigan. Instead, Don decided to work with his cousin, whom he met as an adult and hit it off with. Don made periodic trips to California to meet with them. Link Preview
interview
In season 6, episode 11, Robert updates that Hamboards did $1 million in sales since appearing on Shark Tank. In season 1, episode 9 of Beyond The Tank, Pete Hamborg expressed how surprised he was with Hamboards' growth though he continued to work as a firefighter to help fund the business, and one kid was full-time with Hamboards. Robert encourages them to sell more lifestyle t-shirts, likening them to Ferrari, making a large chunk of their money from t-shirts from people who like the brand but cant afford to buy one.
According to Gus Hamborg's LinkedIn https://www.linkedin.com/in/gus-hamborg, he did marketing for Hamboards and left in 2017. As of 2022, he runs a few digital marketing businesses and works with Vans.Link Preview
LinkedIn
According to Pete Hamborg's LinkedIn https://www.linkedin.com/in/peter-hamborg-83b193b https://podcasts.apple.com/us/podcast/episode-015-pete-hamborg-surfer-body-surfer-skater/id1489213636?i=1000464602692, he left Hamboards in 2017. He stopped being a firefighter in 2020 and, as of 2022, is a consultant for an electric bike company. Pete went on the Bleave in Skateboarding with Jim Gray Link Preview
LinkedIn podcast in 2020, in which this Jim guy talked over Pete every time Pete went to speak, so I hardly got anything from it. Piecing together cut-off sentences, it sounds as though Pete enjoyed hand-making boards, however, it's not very profitable and as investors came in, they took over the process, and Pete felt his ideas got pushed to the back and he slowly removed himself from Hamboards.Link Preview
Bleave in Skateboarding with Jim Gray
According to a 2021 blog post on hamboards.com https://hamboards.com/blogs/news/abraham-paskowitz-joins-hamboards-as-partner-and-chief-experience-officer https://www.linkedin.com/in/donsandusky, in 2018 Don Sandusky pursued Abraham Paskowitz to consult Hamboards on designs. Abraham had worked for competing brands and had a family background in surfing. In 2021, Abraham became co-owner of Hamborg. According to Don Sandusky's LinkedIn Link Preview
hamboards.com he is the CEO of Hamboards in 2022 and works from Bethany Beach, Delaware.Link Preview
LinkedIn
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