Hamboards Shark Tank Update | What Happened to Hamboards after Shark Tank?

What is Hamboards?

Hamboards is a company that produces surfboards, skateboards, paddles, gear, and accessories. They specialize in Surfskate boards, which are a type of skateboard designed for use on streets and meant to mimic the surfing experience.

They have a wide selection of longboards and shortboards in different styles, including Classics, Pingers, Loggers for longboards, Fish, Pescaditos, Huntington Top Carving and Twisted Fin for shortboards.

They also sell cruiser skateboards, land paddleboards, and electric skateboards.

The company was founded by Peter Hamborg in Huntington Beach, who has a background in Tubular Projection in Aqueous Environments and over thirty years of experience as an Orange County firefighter.

He considers himself a craftsman, a fireman and an entrepreneur, with the last title for nearly 15 years.

Who is the founder of Hamboards?

Peter Hamborg, a Huntington Beach firefighter and father of five boys, created Hamboards as a hobby in his garage to allow his sons and their friends to surf the pavement on days when the surf was not ideal.

After years of experimentation and improvement, mass-produced Hamboards were created using bamboo or birch decks, commercial trucks, wheels, and bearings.

Initially, the Hamboards were constructed by friends and family and sold locally from a small business in Huntington Beach.

However, the design of the trucks was not suitable for the large and wide Hamboards decks.

Later on, as the challenges of running a small business became too much for Pete, he sought help from his cousin Don Sandusky, an experienced entrepreneur, engineer, inventor, and sports goods executive.

As a result, Pete and Hamboards Holdings, LLC entered into an agreement for asset acquisition.

What Happened to Hamboards Shark Tank pitch?

Hamboards, a small company that produces large skateboards, made their debut on Shark Tank episode 504. The founders, Pete, Gus, and Don, sought $200,000 in exchange for a 20% stake in their business, which was valued at $1 million.

They explained that their unique “never flat” technology was created by Don, and demonstrated the versatility of the product by incorporating paddles, turning it into a land-based stand up paddle board.

Sales for the previous year were $225,000 and they expected to make $350,000 the following year. They had recently hired sales representatives to increase their retail presence.

Daymond was interested in licensing the product and offered $200,000 for 30% equity, while Robert was a fan of the product and offered $300,000 for 33% equity.

They ultimately accepted Robert’s counter offer of $300,000 for 30% equity and left the Shark Tank with a deal.

What Happened to Hamboards after Shark Tank?

Hamboards, a company that specializes in hand-made stand-up skateboards, experienced a surge in sales after appearing on the show “Shark Tank” in episode 611.

Robert Herjavec, one of the investors on the show, invested in the company and reported that they had generated over $1 million in revenue since their debut.

The company also expanded their product line to include standard and electric skateboards, and added three more full-time staff to their facility.

In March 2021, Abraham Paskowitz, son of a surfing legend, joined the company as a partner and Chief Experience Officer.

As of June 2021, the company distributes its products through 60 independent skate and surf stores, 59 in the United States and one in Thailand. As of January 2022, the company is still in business with over $1 million in yearly revenue.

Competitors of Hamboards

The company faces competition from a variety of other firms in the market, including Bustin Boards, Stoked Skateboards, Action Watersports, Warehouse Skateboards, Landyachtz, Teamgee Skateboard, Black Diamond Sports, and Comet Skateboards.

Net Worth of Hamboards

The company was valued at $1 at the time of the pitch and has remained in business since then, so it’s possible that its net worth is now higher than it was during the pitch.

Hamboards FAQs

What is Hamboards?

Hamboards is an American owned company, building a board that was originally made for surfing. They do not claim to be the original inventors of the product.

Who is the founder?

Pete Hamborg is the founder and current CEO of Hamboards.

How much were they seeking on Shark Tank?

They were seeking for $200,000 for a 20% stake in the company.

Did they have the deal?

Yes, they did have the deal from Robert Herjavec.

How much was the deal?

Robert offered them $300,000 for 30% equity shares of the company.

Is Hamboards still in business?

Yes, they still in business as of January 2022 with annual revenue of over $1 million.

Where do they manufacture their products?

Hamboards are made in Huntington Beach, California. They manufacture all their products right in the factory.

Are Hamboards available for purchase?

Yes, customers can visit their website at https://www.hamboards.com to order and buy the board online.

Is Hamboards shipping?

Currently Hamboards is shipping the product to consumers in the United States, Canada and Mexico.

What are the prices of Hamboards?

Hamboards are available for purchase on their website at https://www.hamboards.com for prices ranging from $259 to $ 525 depending on the model chosen by customers.

What is Hamboards fans like?

Hamboards fans are mainly surfers, skateboarders and snowboarders.

How do I pay for Hamboards?

On their website customers can pay with a credit card. On their website one can also pay in alternative methods such as PayPal, cash and Square Cash.

Where do I purchase Hamboards boards?

Hamboards boards are available for purchase on their website at https://www.hamboards.com for prices ranging from $259 to $ 669 depending on the model chosen by customers.

One can also purchase the product through boutiques, surf shops and skate shops across the United States and Canada and Mexico.

 What is the delivery period of Hamboards?

Customers can expect to receive their products within two weeks of the order.

How long is the warranty period?

The product is guaranteed to be free from defects in material and workmanship for a period of one year. The warranty will not apply to damage caused by misuse, abuse, or neglect.

What is the net worth of Pete Hamborg?

Pete is the CEO of Hamboards and his net worth in unknown.

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