Skateboarding was initially conceived to make the board look like a surfboard; however, this approach was unsuccessful. Hamboards are a solution to this problem.
To surf on land, a Hamboard is essentially an extra-long Longboard that looks more like a Surfboard than a Skateboard and is built specifically for the purpose.
The origin of the vast majority of innovative new board sports can be traced back to Southern California; the Huntington Beach, California-based Hamboard is the most recent addition to this illustrious company and is the newest member of this amazing club.
The Hamborg Family, who not only invented this new type of surfboard that can be used on land but also perfected the art of riding an extraordinarily long LongBoard, is honored with the naming of the Hamboards.
The Hamborg family included five sons and two parents who were quite active, conceived, created, and manufactured the surfing-style skateboard out of their shop in Huntington Beach, California, over eight years.
Gus Hamborg forgot his board in the living room, and his mother accidentally backed over it. After that, Gus got on the board and said it had the feel of a surfboard.
The trucks were improved so that the skateboard could turn more easily. The community of Huntington Beach inspired the founding of Hamboards when they expressed interest in purchasing surfboards directly from the company.
After Pete Hamborg had worked out how to construct their trucks, the family garage became the new location for board production.
They hooked up with Donnie, who oversees the company, while it is expanding out from underneath them, and Pete is a fireman, so he is not in the corporate world. Donnie came up with the idea for Spaulding’s Neverflat balls.
As of the presentation, they anticipate reaching $350,000 in sales for the year, representing sales of $225,000 over the previous twelve months.
They have design patents. Everything is made in Huntington Beach, where the factory is located.
In addition to that, hamboards make use of the land paddle. You might be curious about Hamboards Shark Tank Update since it appeared on the show. Here is what we found:
What Is Hamboards?
Hamboards are extra-long Longboards that resemble Surfboards more than Skateboards and are built for surfing on land rather than in the water.
Hamboards are huge skateboards resembling surfboards and are also known as land boards used in the urban ocean.
The one thing that all of the cool new Board Sports that have ever been invented have in common is that they all originated in Southern California.
The Huntington Beach, California-based Hamboard is the most recent addition to this impressive group, and it is the latest cool new board sport ever invented.
Hamboards are named after the Hamborg Family, who invented this new type of surfboard that can be used on land and perfected the art of riding an extraordinarily long LongBoard.
Over eight years, the Hamborg family, which included five boys and two extremely active parents, conceived, designed, and manufactured the skateboards at their shop in Huntington Beach, California.
|Entrepreneur||Pete Hamborg, Gus Hamborg, and Donnie Sandusky|
|Product / Business||Skateboards that look like surfboards|
|Investment Asking For||$100,000 for 15% equity in Hamboards|
|Final Deal||$300,000 for 30% equity in Hamboards|
|Episode||Season 5 Episode 4|
|Business Status||In Business|
Who Is The Founder Of Hamboards?
Peter Hamborg is the founder of Hamboards and hails from Huntington Beach, California.
Pete Hamborg, a firefighter in Huntington Beach and father of five boys, first invented the Hamboard in his garage to entertain them on days when the surf was too big or too small. He wanted to give his sons a chance to surf on the pavement.
Finally, the first commercially available Hamboards have been manufactured after years of research, development, and testing.
The decks were either bamboo or birch, and they came with trucks, wheels, and bearings that could be purchased in the local hardware store.
Friends and family members continued to build Hamboards through the years, which were sold in the Huntington Beach area through a small business.
This setup functioned well on a more modest scale, except for a nagging design flaw inherent in the trucks. The trucks were never intended to bear the tremendous loads caused by the huge and wide Hamboards decks; hence they were never designed.
He reached out to his cousin Don Sandusky on the east coast for assistance when the responsibilities of owning and running a small business became too much for Pete.
Sandusky had extensive business experience and was an engineer, inventor, and executive in the sports goods industry.
The company has entered into a purchase and sale agreement with Peter and Hamboards Holdings, LLC, to purchase certain assets.
Hamboards Before Shark Tank
Pete Hamborg, his wife, and his five sons live in Huntington Beach, California. They came up with the idea for the Hamboards with his help and the help of his family.
They assert that they are the quintessential beach family. Every one of Pete’s sons works as a lifeguard, Pete is a firefighter, and the entire family has a passion for surfing.
Pete claims that he has spent more than 35 years living in Huntington Beach, where he has also been surfing. He concluded that the exhilarating sensation of surfing that he had been able to experience was something other people would also want to have.
This is the inspiration behind the creation of the Hamboard by him and his family. Pete claims that their innovation will allow people who have never surfed before to experience what it’s like to ride a wave genuinely.
Pete claims he and his family believe the Hamboards brand is gaining traction. Hamboards is growing and getting more orders.
They claim not to have enough funds to produce the number of boards that will satisfy demand, so Pete is seeking investment from sharks.
Hamboards are planning to expand across the United States so that more people can experience the thrill of surfing, even if it has to be on land.
How Was The Shark Tank Pitch Of Hamboards?
Pete, Gus, and Don appeared on the Shark Tank requesting an investment of $110,000 in exchange for 15 percent of Hamboards.
Everyone in the studio was impressed by Pete and his family’s arrival. The Hamboards surprise many of the Sharks, and they all stare at them with big grins plastered on their faces.
Pete begins the presentation by introducing himself to the Sharks and explaining that he is the original creator of Hamboards.
He also introduces his cousin Donnie and his oldest son Gus. Peter reveals that the asking price for a fifteen percent ownership part in their business is one hundred thousand dollars.
Pete begins his story by relating how, back when skating was initially conceived, the goal was to give riders the sensation of surfing on a piece of wood by having them ride a skateboard. It has long been considered the skateboard industry’s unreachable holy grail.
He informs the Sharks that he and his family are the ones who have finally accomplished it and claims that somebody has finally done it.
Pete continues by describing their beginnings as a business to the other members of the Shark Tank. He had five small sons running around the house a few years ago, and he wanted to teach all of them how to surf. He shared this story with me.
Making a super big skateboard was one of the things that Pete wanted to include in teaching them how to surf. He thought it would be helpful for them. The item that he created, in the end, was something that didn’t perform all that well.
Gus Hamborg takes over the lecture and begins by narrating the story of how thankfully, one of his younger brothers left his enormous skateboard out on the driveway, where his mother drove the family wagon over it.
Mark Cuban informed them that merely stating that land surfing is not sufficient. Mark is considering getting a paddleboard, but they aren’t pushing that product very much. He is kicked out.
Daymond John was interested in obtaining a license for the Hamboard and offered $100,000 in exchange for a 30% equity stake. He is kicked out.
Kevin O’Leary believes that the skateboarding industry is quite significant. They needed to increase their sales and find a way to use their funds to keep the fire going. He is kicked out.
Hamboards, in Lori Greiner’s opinion, are only found in certain areas. She has departed. Robert Herjavec does not consider Hamboard to be in the business of licensing products now; rather, they are selling the California dream.
Robert believes that a higher part of his market consists of people who aspire to become surfers like himself.
He thinks that they require additional funding and a more significant partner. He is offering $300,000 for a 33.3% stake in the company. Donnie makes a counteroffer of 30 percent, at which point they reach an agreement.
Final Deal: Robert Herjavec agreed to invest $300,000 for 30% equity in Hamboards.
What Happened To Hamboards After Shark Tank?
Pete and his family never had any financial problems, and their items were fairly successful in the marketplace.
They were going so well with their business that they needed professional assistance in maintaining control of it.
They reached an agreement with Robert Herjavec that turned out to be profitable not only for the family but also for Robert personally.
Hamboards had significant growth not just in the American market but also in the European market.
Robert’s financial assistance has helped Hamboards increase its revenue and warehouse capacity.
Pete’s items are neither the best nor the worst on “Shark Tank” because there is no discussion of the market’s best or worst products.
Three of the five sharks passed up investment in Hamboard because they did not believe the family had any long-term goals.
You can order any of the Hamboards, clothes, and accessories on sale by visiting www.hamboards.com and placing your order there.
Many people, particularly on Facebook, have expressed favorable opinions regarding the message boards on their own.
They seem to appreciate the high quality of the things, and the general liking for the products is apparent.
You can shop online for various products, including hamboards, clothes, and accessories. You must purchase the proper accessories if you want to ride a hamboard on land.
Hamboards can be purchased anywhere between two hundred and six hundred dollars, starting at two hundred dollars. You will have the ability to have your items delivered right to your front door.
Hamboards Shark Tank Update
The sales of Hamboards skyrocketed after Hamburg’s appearance on Shark Tank.
Following Hamborgs debut on Shark Tank, Hamboards revenues went up to more than a million dollars.
The next year, however, sales only reached $447k, and for the company to break even, it needs to sell approximately $800k.
Herjavec confronts the reality that Hamboards is not profitable in this episode of Beyond the Tank. Either the company’s costs need to be reduced, or its sales need to be increased.
Last week on Shark Tank, the startup Slyde, which manufactures handboards for bodysurfing, pitched their business on the show. During the presentation, the cautionary tale of Hamboards was brought up.
Slyde received an offer from Herjavec, even though Herjavec had previously disclosed that the distribution approach Hamboards was utilizing at the time was unsuccessful.
However, a higher bid came in from Mark Cuban, who was already an investor in Tower Paddle Boards, and Ashton Kutcher, a guest investor on the Shark Tank.
Mark Cuban used the following statement about Herjavec while trying to convince the founders of Slyde to accept their offer: “He hasn’t learned from his failures.”
As of May 2022, Hamboards is still in business and selling its products in sixty independent skate and surf shops across the country, 59 in the United States and one in Thailand.
Hamboards are still generating annual revenues of more than one million dollars.
Is Hamboards Still In Business?
Yes, Hamboards is still in business as of 2022, with annual revenue of $1 million.
What Is the Net Worth of Hamboards?
Hamboards’ net worth is about $1 million based on their shark tank valuation.