Locker Board Net Worth
As of 2022, Locker Board’s founder Carson Kropfl has a net worth of 600,000 USD. In 2018, Richard Branson invested $65,000 for a 20% stake in Locker Board, giving it a valuation of $325,000.
However, there is no information available on the current net worth or valuation of the Locker Board beyond these figures.
What is Locker Board and Who is the Founder of the Locker Board?
Locker Board is a unique personal transportation system that was created by a young inventor in Southern California. This skateboard is designed to be a non-folding model that can fit into a school locker or backpack for easy storage when not in use.
The skateboard was originally built from recyclable materials and intended to provide a flexible and more practical alternative to the traditional skateboard.
The founder of Locker Board is Carson Kropfl, who came up with the idea when he was just 11 years old and a middle school student in San Clemente, California.
Carson was dissatisfied with the fact that his existing skateboards could not fit in his school locker, so he set out to design a skateboard that would be easy to store and transport.
Carson created and marketed the first Locker Boards himself, using his entrepreneurial spirit and creativity to avoid performing chores and earning money at a young age. However, as demand for the product grew, he eventually outsourced manufacturing to keep up with orders.
Carson’s success has led him to be mentored by some powerful individuals, including Wing Lam, Co-Founder of Wahoo’s Fish Tacos, and Noah Murphy-Reinhertz, a sustainability specialist with Nike’s Sustainable Innovation Team.
Carson is also committed to promoting environmentally friendly corporate practices and supports the Tony Hawk Foundation, which builds skate parks in underserved areas. For every board sold, Carson donates $1 to the non-profit organization.
Locker Board the Shark Tank Pitch
Carson and his mother were featured on Shark Tank season 9 episode 1, where they requested $60,000 for a 15% stake in his company, resulting in a $400,000 valuation.
Carson showcased his innovative Locker Board, made from repurposed skateboard decks, which is a 16-inch non-folding skateboard designed to fit into backpacks or lockers.
Carson shared that he obtained old skateboard decks for free and had been selling on social media for 9 months, generating $10,000 in sales. His aim was to use the Shark money to enhance his website, procure bulk skate hardware, and expand production.
All the Sharks were impressed, but Lori declined to invest, while Daymond believed that asking for too much stock would impede the company’s growth, so he also passed. Mark proposed to pay $60,000 for a 20% stake in the firm, but Richard also offered $65,000 for 20%, which led to Robert offering a fixed-rate loan of 8%.
Carson eventually struck a deal with Richard, and after the show, his company saw a 300% increase in sales and a boost in online traffic. He completed a contract with Richard and resumed his studies.
In February 2020, the firm appeared in The Shark Tank Greatest of All Time Special in the “baby sharks” category, and in March 2020, Carson signed a licensing agreement with Wham-O, which enabled the Wham-O Locker Boards to be sold at various online and retail retailers, including Wal Mart, Dick’s Sporting Goods, and Amazon.
What is the Net Worth of Locker Board?
Carson and his mother appeared on Shark Tank season 9 episode 1 in search of $60,000 for 15 of his businesses. This equates to a $400,000 valuation.
They accepted an offer from Richard of $65,000 for 20% stake thus a valuation of $325,000.
The Current valuation is evidently higher since the Company has grown.
Who are the Competitors of Locker Board?
Penny board is a skateboard alternatives to Locker Board.
Locker Board FAQS
What is Locker Board?
Locker Board is a skateboard that is meant to fit into a school locker or bag for easy storage when not in use.
Who invented Locker Board?
Carson Kropfl is the inventor of Locker Board.
How does Locker Board work?
Locker Board works like other skateboards but it is only 16 inches long and designed to fit into a locker.
How much was they seeking in the Shark Tank?
They were seeking $60,000 for 15 percent of his businesses. This equates to a $400,000 valuation.
How much was they offered in the Shark Tank?
They accepted an offer from Richard of $65,000 for 20% stake thus a valuation of $325,000.
Wham-O Locker Boards are still available at Wal Mart, Dick’s Sporting Goods, Amazon, and many other online and retail retailers as of November 2021.
When was Locker Board founded?
Locker Board was founded in 2016.
How can they contact them?
They can contact at their email at [email protected]lockerboard.net
Where is Locker Board’s headquarters?
Locker Board’s headquarters are in San Clemente, California, in the United States.
How many locker boards have been sold?
The Locker Board was recently highlighted in a “Shark Tank” piece on the show’s most successful deals since it first aired.
Since the initial Locker Board episode, the firm has expanded by more than 300 percent, selling over 1,000 skateboards, according to Kropfl.
What problem did Carson want to solve with his invention?
He devised a novel solution to his large skateboard problem. Carson designed a tiny board that he could quickly stow in his locker or bag.
What is their Refund Policy?
Please call them at 949-554-4448 if they have any issues with their purchase. They will offer them a full refund if the boards are returned in unused condition within 30 days after purchase.
What happened to Locker Board after Shark Tank?
According to the firm, Locker Board has grown more than 300 percent since Shark Tank aired. The boards are now available on Amazon as well as at a few local merchants.
Locker Board has two pending patents, four trademarks, and a lifetime revenue of $68,000.
How much does Locker Board costs to buy?
The boards cost $13 to create, $55 to wholesale, and $99 to retail.
