Shark Wheel Shark Tank Update

Shark Wheel Shark Tank Pitch

David Patrick and Zack Fleishman appeared on Shark Tank Season 6, Episode 29, which aired on May 15, 2015, with helical skateboard wheels.

Shark Wheel is listed in the Fitness Outdoors category. In plain terms, the business is described as helical skateboard wheels.

Shark Wheel asked the Sharks for $100,000 for 5%, implying a valuation of about $2 million.

On the show, Shark Wheel made a listed deal with Kevin O'Leary and Mark Cuban for $225,0000 for 7.5% + 10% royalty until $500,000 is repaid.

If treated as straight equity, the listed deal works out to about $3 million implied valuation, up from the original $2 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Shark Wheel After Shark Tank

Shark Wheel accepted an on-air Shark Tank deal for $225,0000 for 7.5% + 10% royalty until $500,000 is repaid. The on-air deal did not close. Follow-up reporting lists the company as in business. (Shark Wheel Shark Tank Update

Shark Wheel reported annual revenue of $3. (Shark Wheel Shark Tank Update

The official website for Shark Wheel is listed as sharkwheel.com. (Shark Wheel website

Sources

Sources used for this page: Shark Tank API pitches