Guardian Bikes Shark Tank Update

Guardian Bikes Shark Tank Pitch

Brian Riley and Kyle Jansen appeared on Shark Tank Season 8, Episode 21, which aired on April 14, 2017, with safe brake biking for kids.

Guardian Bikes is listed in the Children category. In plain terms, the business is described as safe brake biking for kids.

Guardian Bikes asked the Sharks for $500,000 for 10%, implying a valuation of about $5 million.

On the show, Guardian Bikes made a listed deal with Mark Cuban for $500,000 for 15%.

If treated as straight equity, the listed deal works out to about $3.3 million implied valuation, down from the original $5 million implied valuation.

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

Guardian Bikes After Shark Tank

Guardian Bikes accepted an on-air Shark Tank deal for $500,000 for 15%. The company is still operating after its Shark Tank appearance. (Guardian Bikes Shark Tank Update

In December 2022, the company raised $3 million from Mark Cuban, Elevate Ventures, Digsbury Ventures, and others. (Guardian Bikes Shark Tank Update

Guardian Bikes received an update segment in Shark Tank Season 14 Episode 12. (Guardian Bikes Shark Tank Update

The official website for Guardian Bikes is listed as guardianbikes.com. (Guardian Bikes website

Sources

Sources used for this page: Shark Tank API pitches