Vibe Ride Skateboard - Shark Tank Update

Skateboard with brakes

Published Last updated

Season 15, Episode 10 Founded by Carson MacDonald, Charlie Cannon, and Chris Goodhue In Business

Vibe Ride Skateboard Details

Shark Tank Episode Details

Founders Carson MacDonald, Charlie Cannon, and Chris Goodhue
Air Date 2024-01-12
Season & Episode Season 15, Episode 10
Initial Ask $250K for 10.0% equity
Deal Details Got deal: $250K for 12.0% equity from Mark Cuban
Estimated Yearly Revenue Unknown
Estimated Net Worth (4x estimated revenue) Unknown

The Shark Tank Pitch

Revolutionary skateboard innovation emerges from the entrepreneurial vision of Carson MacDonald, Charlie Cannon, and Chris Goodhue, who combined their shared passion for skating with engineering expertise to create VibeRide, the world's first skateboard equipped with patented braking technology that transforms downhill skating from a white-knuckle survival experience into an exhilarating sport where riders can safely push their limits. The trio's journey began during their college years at Utah State University, where Utah's challenging mountain terrain highlighted a fundamental problem with traditional skateboarding: riders spent most of their time desperately trying not to wipe out rather than enjoying the thrill of speed and control that should define the skating experience.

Carson's engineering background led him to research existing skateboard brake patents, ultimately acquiring intellectual property from an Australian company and investing over $450,000 in patent rights while spending three years perfecting a revolutionary brake system that allows riders to control their speed with a simple foot lever rather than relying on dangerous foot-dragging techniques. Their innovative brake mechanism features arms that extend into the wheels when activated, creating smooth and reliable stopping power that has been tested at speeds up to 50 miles per hour while maintaining the traditional skateboard feel that serious riders demand.

When the entrepreneurs entered Shark Tank seeking $250,000 for 10% equity at a $2.5 million valuation, they presented impressive early traction including $150,000 in pre-sales over just two months, projections to reach $600,000 in annual sales, and the backing of Charlie's previous entrepreneurial success that included building and selling a drone business that generated over $10 million in revenue, demonstrating their ability to scale innovative hardware businesses in competitive markets.

Where Are They Now?

Mark Cuban immediately recognized the massive potential in combining skateboarding with practical safety innovation, offering $250,000 for 12% equity in a deal that provided VibeRide with both essential capital for scaling production and access to Cuban's extensive experience in sports technology investments that could accelerate their market penetration among safety-conscious riders and parents. The partnership with Cuban validated VibeRide's technology and business model while opening doors to sports industry connections and retail opportunities that helped establish the brand's credibility among serious skateboarders who value both performance and innovation in their equipment choices.

The Shark Tank exposure introduced VibeRide's groundbreaking brake concept to millions of viewers who had never considered the safety limitations of traditional skateboarding, generating significant interest from both recreational riders and parents seeking safer alternatives for their children's sporting activities. We found that VibeRide has continued expanding their product line since the show, introducing electric skateboards and planning electric scooter releases while building their "Cruiser Series" of regular boards, though the deal with Mark appears to still be in progress as of recent updates, with the company website featuring photos of Mark holding his custom skateboard while the entrepreneurs work to fulfill their ambitious vision of becoming "the next biggest skate company on earth" through innovative products that prioritize both performance and safety in extreme sports.

Revenue

Unknown

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