Guardian Bikes Shark Tank Net Worth
According to various sources, Guardian Bikes was valued at around $3.34 million to $5 million when it appeared on Shark Tank. The company was selling $350,000 worth of products by month 12 of business.
As of 2022-2023, the net worth of Guardian Bikes is above $5 million and its founders have a net worth of $5.1 Million.
What is Guardian Bikes and Who Founded Guardian Bikes?
Guardian Bikes is a bike manufacturer that prioritizes safety through the use of its cutting-edge braking system called SureStop. The SureStop technology is effective for both adults and children, and it prevents accidents by preventing the bicycle from falling over the handlebars due to the wheel lock.
In addition to the SureStop braking system, Guardian Bikes also utilizes other ergonomic design features to increase rider safety. The idea for SureStop came after the founders’ grandfather was involved in a cycling accident that caused severe vertebrae injuries.
Brian Riley and Kyle Jansen, the co-founders of Guardian Bikes, developed the patented SureStop braking mechanism to prevent brake-related accidents.
Unlike traditional bikes that use two brake levers, SureStop uses only one lever that dynamically applies brake power to the rear wheel before engaging the front wheel.
Guardian Bikes was established in Irvine, California in 2015, with the aim of creating safe bicycles for children aged six to twelve years old that incorporate their patented SureStop braking technology.
Guardian Bikes Shark Tank Pitch
Guardian Bikes, which features the patented SureStop braking technology, offers three different models, including a single-speed twenty-inch bike for $319, a twenty-inch six-speed bike for $399, and a twenty-four-inch seven-speed bike for $419. The bikes come “99 percent assembled.”
During their pitch on Shark Tank, founders Brian Riley and Kyle Jansen sought $500,000 for a 10% stake in the company. They showcased their product and explained how the brake mechanism works.
While some Sharks, like Chris Sacca, were impressed, Barbara Corcoran believed that the company needed a skilled salesperson. Kevin O’Leary offered $500,000 for 20% of the business but only if they stopped producing bikes.
The founders turned to the other Sharks, and Mark Cuban eventually made an offer of $500,000, provided that the technology was unique, they met sales targets, and they hired an in-house public relations expert. Brian and Kyle agreed to the deal.
Thanks to Mark’s investment and the PR expert, Guardian Bikes gained a stronger internet presence and achieved its goals. As of May 2021, the company is thriving with an estimated annual revenue of $1 million. However, Guardian Bikes has yet to enter the adult bicycle market.
Guardian Bikes Net Worth
During the Shark Tank, Guardian Bikes values their business at $5,000,000 and accepted an offer of $ 500, 000 for 15% ownership. This brings the valuation to $3,333,333.
Guardian Bikes Competitors
There are two competitors in the field of children with bicycling safety.
The Guardian Bikes will be competing against the creator of the Bicycle Anti-Panic Device and the Torker Bicycle Brake.
The Bicycle Anti-Panic Device will attach to any bike and when a rider is about to fall, they can push a button on it and with its automatic braking system, it will slow down and reduce pain in an imminent accident.
Guardian Bikes FAQS
Is Guardian Bikes really safer than traditional bicycle safety devices?
Yes, their technology is much safer than other bicycle safety devices.
Are they different from other children’s safety devices?
They are similar to the ones that are available in the market for adults, but one additional safety feature Guardian Bikes has is Sure Stop technology.
This new braking mechanism is a revolutionary braking technology that prevents wheel lock and falls.
Who is their main investors?
They have already secured investment from Mark Cuban.
Where can they buy Guardian Bikes?
You can purchase them from their official website; www.guardianbike.com .
Where can they contact Guardian Bikes?
You can contact Guardian Bikes via email at [email protected] or head over to their website at www.guardianbike.com . You can also follow them on Facebook and Twitter.
What’s the strongest bike in Guardian Bikes?
It is the twelve-speed model because of its larger wheels and stronger frame.
Do they have any distributors?
Because we believe we can provide a better experience to our clients, we only sell our bikes on our website and on Amazon.
We created RideSizer, a technology on our site to assist parents in selecting the appropriate size.
Is it possible to put training wheels on the bikes?
Our 16-inch, 20-inch, and 24-inch bikes lack a long enough back axle to accommodate normal training wheels.
Because we think there is a better and faster way to educate youngsters to ride a bike, our bikes were built to not operate with typical training wheels.
Do they sell adult bikes?
We are currently 100% focused on selling children’s bikes.
Is it possible to put fenders on the bike?
The majority of fenders will not fit on our bicycles. This is due to the fact that all of our motorcycles have “micro brakes.” We may utilize a brake lever that is simpler to reach for your child’s hands by employing little brakes.
Is there a kickstand on the bikes?
Yes, all of our bicycles come equipped with a high-quality alloy kickstand.
Are Guardian bikes successful?
Guardian bikes are already successful and they’re undergoing an upward trend. It is estimated that their annual revenue is $1,000,000.
Are they manufactured in the USA?
All of their products are made in America. This reduces shipping costs and increases the quality of the product.
Are Guardian bikes available in Canada?
Yes, Guardian bike is available on Amazon Canada. Visit their website at www.guardianbike.com
Is the SureStop braking system really better than hand brakes?
Yes! Guardian Bikes can stop within 4 feet with the SureStop that is activated by a foot-operated lever under the seat.
Do Guardian bikes have pedal brakes?
Yes, all Guardian bikes have pedal brakes.
Does the SureStop technology have potential to be applied to adult bikes?
Yes, with further development Guardian Bikes can provide adult bikes that are safer.
Who founded Guardian Bikes?
Brian Riley and Kyle Jansen are the founders of Guardian Bikes.
Is it possible for me to return the bike quickly?
Without a doubt! We welcome returns up to 100 days after purchase, even though 98 percent of our clients keep the bike.
If you need to return the bike, we’ll provide you instructions on how to pack it and arrange for FedEx to pick it up from your home.
Guardian Bikes is responsible for any returns.