Locker Board
First into the tank are Carrie Kropfl and kidpreneur Carson Kropfl of Locker Board, seeking $60,000 for 15 percent equity.
Locker Board makes storing a skateboard in a backpack or locker simple. According to their website, the non-folding, 17-inch skateboard was created in 2016 and are upcycled from recycled decks and boards. The “sustainability-driven business model emphasizes upcycling and reuse of old boards, effectively reducing the volume of manufactured waste destined for local landfills.” The skateboards feature names such as “British Invasion” and “Dream Hard” and start at $99.
In nine months, they have done $10,000 in revenue from selling through social media. They hope to upgrade their website and manufacturing process with an investment from a shark. Guest shark Richard Branson thinks it’s great, but has some reservations that Carson is still a student. Lori Greiner likes the idea, but doesn’t see it as an investment.
Daymond John says it’s not yet investable because the company still has to grow, but Mark Cuban sees its potential. He offers $60,000 for 20 percent, but before Carson accepts, Branson jumps in and offers $65,000 for 20 percent. Robert Herjavec doesn’t want to take any equity and offers $60,000 as a loan. Carson wants to know what Branson will do for his company, to which he says “everything.” He adds that he sees a young Branson in him. Carson accepts his offer.
Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging businesses to multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group. Philanthropist and Virgin Group founder Richard Branson, Spanx founder Sara Blakely, Skinnygirl Cocktails founder and Real Housewife Bethenny Frankel, Vitamin Water founder Rohan Oza and former MLB player Alex “A-Rod” Rodriguez are also slated to appear as guest sharks this season.
“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $100 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Sunday at 9 p.m. on ABC.
Would you try a Locker Board? Sound off in the comments section below!
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