Inboard Technology Shark Tank Update

Inboard Technology Shark Tank Pitch

Ryan Evans, David Evans, and Chris Harley appeared on Shark Tank Season 8, Episode 10, which aired on December 1, 2016, with electric scooters and skateboards.

Inboard Technology is listed in the Fitness Outdoors category. In plain terms, the business is described as electric scooters and skateboards.

Inboard Technology asked the Sharks for $750,000 for 4%, implying a valuation of about $18.8 million.

On the show, Inboard Technology made a listed deal with Lori Greiner and Kevin O'Leary for $750,000 loan at 9% interest + 4% equity.

If treated as straight equity, the listed deal works out to about $18.8 million implied valuation, roughly the same implied valuation as the ask.

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

Inboard Technology After Shark Tank

Inboard Technology accepted an on-air Shark Tank deal for $750,000 loan at 9% interest + 4% equity. The on-air deal did not close. The company is now out of business. (Inboard Technology Shark Tank Update

This caused them to sink $8 million into developing the scooters. (Inboard Technology Shark Tank Update

The company tried to pivot into electric scooters and tried to cut a deal with a European company. (Inboard Technology Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches