What Happened To VibeRide After Shark Tank Update?
VibeRide After Shark Tank Update: In hill areas, the skateboards are needed to have break system, so Carson started exploring skateboard brakes. the Australian company’s founder Benjamin Newman had created skateboard brake system in 2007, although they started working on the skateboard brake system in 1999.
This business idea was started from a collage dorm room. The three friends were studying at utah state collage and they liked skateboarding but it was not easy to skateboarding in the hilly area of Utah
What Is VibeRide?
VibeRide is a sporting goods manufacturing brand that sells longboard brakes, brake boards, brake kits, e-scooters, and e-boards. A single brake board costs $249 and brake kits cost $169. They are also going to launch electric scooters soon which cost can be $499.
Who Is The Founder Of VibeRide?
Carson MacDonald, Charlie Canon, and Chris Goodhue are the co-founders of the VibeRide business. They launched this business in 2022 officially.
Charlie was running an Affordable Drone Business and the name of his business was EXO Drones. Open Store acquired EXO Drones for $2.9M in 2022.
Know About the VibeRide Shark Tank Update
The three entrepreneur friends, give a better pitch in the shark tank. They shared the scope of their business with all sharks. There was a lot of discussion about their business on the internet, after the shark tank episode released.
VibeRide Shark Tank Update
| Company Name | VibeRide | |
| Founder | Carson MacDonald, Charlie Cannon, and Chris Goodhue | |
| Founded | 2022 | |
| Product | Innovative Skateboard Break Technology | |
| Asked For | $250k for 10% equity | |
| Final Deal | $250k for 12% equity | |
| Shark | Â Mark Cuban | |
| Episode (Shark Tank USA) | S15 E10 | |
| Air Date | Jan 12, 2023 | |
| Business Status | In Business | |
| Website | Visit Website | |
| Headquarters | Salt Lake City, Utah, USA | |
| Annual Worth (Sales) | $600k *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Also Read This: What Happened To FishWife After Shark Tank Update?
VibeRide on Shark Tank Pitch
The three college friends Carson, Charlie, and Chris entered shark tank and asked sharks for $250k for 10% equity at $2.5 million valuation. They explained sharks about brake system. what benefits it can provide to people who are skateboarding.
The retail cost for their Pro Brake Kit is $149 and the full board is $259. The medium full board costs $189 and the cheapest board costs around $129 to $139 at retail.
They have margin of 63% in all their product and 50% sales are from brake kits. They Currently have 6 Unity patents.
Charlie has invested $1.2 million so far in this business. Charlie bought the patent for the Londerboard brake system from all the people who were doing the brake system business by paying him $450k.
Mark Cuban offered $250k for 15% equity and was yes or no offer. Charlie countered with $350ki for 15% equity. Mark countered $250k for 12% equity and if cash required he will add in the future.
Charlie again countered at $265k for 12% equity but Mark remained at $250k for 12% equity, So Charlie accepted the final offer.
VibeRide Net Worth
VibeRide’s net worth is estimated at $2 million. The global skateboard market size was estimated to be USD 3.22 billion in the 2022. Global skate boarding market’s 40% revenue comes from it. Also Skateboarding is most liked in the North America.
Is VibeRide Still In Business?
Yes, VibeRide is still in business as of January 2024.
This is a good product. Proper execution of social media marketing can generate profits for this product.
The headquarters of this business is in Salt Lake City, Utah, United States. There are 2-10 employees working in it.
FAQs:
Carson MacDonald, Charlie Canon, and Chris Goodhue are the co-founders of the VibeRide .
The net worth of VibeRide is estimated at $2 million
Yes, VibeRide is still in business as of January 2024.
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