Slyde Handboards Shark Tank Update | What Happened to Slyde Handboards after the Shark Tank Pitch
What is Slyde Handboards?
Slyde Handboards is a company that specializes in bodysurfing equipment, specifically handboards. Their handboards are designed to provide optimal buoyancy, speed, control, and ride duration.
They make bodysurfing accessible to people of all skill levels, but it’s important to note that practice is needed to master their use.
The handboards are made of high-density foam with reinforced fiberglass, resin side rails, and a PPX flak jacket layer. They also have mounts for GoPro cameras and come in two shapes, Wedge and Bula.
The Wedge is great for both beginners and advanced riders and offers lift, stability, and carving ability. The Bula is better for steep, quick waves and is great for bottom turning and gaining speed.
Who Is Slyde Handboards’ Founder?
Slyde Handboards is a company that specializes in bodysurfing and water sports equipment. It was founded by Steve Watts and Russell Ellers in 2010, and later joined by Angela Watts.
The founders have a long-standing interest and expertise in handboarding equipment, with Steve Watts, the lead designer and creator, having grown up bodysurfing on the South African coast.
As a child, he and his friends found traditional surfboards to be too heavy and difficult to use, so they experimented with various materials, including fast food trays, to create equipment that would allow them to easily catch and control waves.
This experimentation led to the development of the most advanced bodysurfing handboards on the market.
What happen to Slyde Handboards at the Shark Tank?
Steve and Angela appear on Shark Tank seeking an investment of $200,000 in exchange for a 15% stake in their business, which values the company at $1,333,333.33.
They are in debt and have invested all their funds in the business, hoping the Sharks will help them stay afloat. They demonstrate their product, the Slyde boards, and provide samples.
The Sharks have mixed reactions, with some being interested and others not.
Mark Cuban and Ashton Kutcher offer $200,000 for a 22% stake in the business, which Steve and Angela accept before leaving the stage. Ashton is ecstatic about the investment and excited to assist the company in its success.
Slyde Handboards after the Shark Tank Pitch
Ashton has been heavily involved in social media advertising and branding since appearing on Shark Tank. Mark brings a strong background in commerce to the business.
Together, Ashton and Mark have helped the company reach over $1 million in annual revenue.
The company’s products are available at over 40 stores in the United States, as well as distributors in the United Kingdom and Spain.
Angela, the entrepreneur, acknowledged in an interview with Forbes that it was difficult to turn down offers from other investors, but that Ashton and Mark were the perfect fit for the company.
The business continues to thrive, with new products and a projected annual revenue of $2 to $2.5 million as of December 2021.
Slyde Handboards Net Worth
On Shark Tank season 7 episode 24, Steve and Angela sought a $200,000 investment in exchange for a 15% stake in their business, indicating a valuation of $1,333,333.33.
They ultimately accepted an offer from Mark and Ashton, who offered $200,000 for a 22% stake, valuing the business at $909,090.90.
Slyde Handboards Competitors
Decathlon, Foundry Outdoors, G.I. SPORTZ, and XXL ASA are among Slyde Handboards’ biggest rivals.
Slyde Handboards FAQS
What is Slyde Handboards?
Slyde Handboards is a business specializing in manufacturing, marketing, and distributing soft-surface Handboards.
Who is the founder of Slyde Handboards?
Steve Watts and Russell Ellers founded the company, and they were subsequently joined by Angela Watts.
How much were they seeking in the Shark Tank?
The couple sought a $200,000 investment for 15 stake in their business.
Did they get the deal?
They accepted a $200,000 offer from Mark and Ashton in exchange for 22% stake then valued their company at $909,090.90.
Is Slyde Handboards still in business?
The company is still operating as of December 2021, with an expected annual revenue of $2-$2.5 million.
Is there a market competitor?
Decathlon, Foundry Outdoors, G.I. SPORTZ, and XXL ASA are among Slyde Handboards’ biggest rivals.
When was Slyde Handboards founded?
The company was founded in 2011.
When was Slyde Handboards aired on Shark Tank?
It was aired on April 15th, 2016.
What episode of Shark Tank was Slyde Handboards featured?
It was featured on Season 7 Episode 24.
Where is the headquarters of Slyde Handboards?
The headquarters of Slyde Handboards are located at Ocean Front Walk Ste Venice, California, United States.
What is Slyde Handboards website?
The website for Slyde Handboards is www.slydehandboards.com.
What’s the deal With Free Shipping?
Free shipping is applied to any item or combination of products purchased at checkout that totals 49 USD and is shipped to a location inside the United States.
How Long Will their Slyde Board Last?
Their boards are quite durable. If they look after them, a very long period. They are constructed with the highest quality materials and are built to last. Take care of them and they will endure for years.
Who Bodysurfs?
Everybody should learn to bodysurf! The wonderful thing about bodysurfing, hand boarding, and handplaning is that it is an excellent method to introduce themselves to and learn about surfing and the water.
They can develop the ability to evaluate the ocean, the waves, and all the other abilities necessary to surf properly while body surfing.
What is the Net worth of Steven Watts?
Steven Watts’s net worth is unavailable.
What is the Net worth of Angela Ferendo Watts?
Angela Ferendo Watts’s net worth is unavailable.
