Locker Board Shark Tank Update

Locker Board Shark Tank Pitch

Carson Kropfl appeared on Shark Tank Season 9, Episode 1, which aired on October 1, 2017, with skateboard that can fit inside a school locker.

Locker Board is listed in the Fitness Outdoors category. In plain terms, the business is described as skateboard that can fit inside a school locker.

Locker Board asked the Sharks for $60,000 for 15%, implying a valuation of about $400,000.

On the show, Locker Board made a listed deal for $60,000 for 20%.

If treated as straight equity, the listed deal works out to about $300,000 implied valuation, down from the original $400,000 implied valuation.

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

Locker Board After Shark Tank

Locker Board's Shark Tank appearance turned into a licensing story more than a normal direct-to-consumer growth story: Carson Kropfl later made a deal with Wham-O in March 2020. (Locker Board Shark Tank Update

That Wham-O arrangement moved the tiny locker-sized skateboard concept into a much larger retail channel, with the boards later listed through Walmart, Dick's Sporting Goods, Amazon and other outlets. (Locker Board Shark Tank Update

The original Locker Board site is no longer a strong retail signal, but the meaningful post-show outcome was the product licensing path and mass-retail availability under Wham-O. (Locker Board Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches