VibeRide Shark Tank Update (Season 15)

VibeRide is a sporting goods manufacturing brand that sells longboard brakes, brakeboards, brake kits, e-scooters, and e-boards. A single brake board costs $249, while brake kits cost $169. They are soon launching electric scooters, which may cost $499.

You can buy all these products from the company website, and they offer worldwide shipping.

VibeRide Product
Image credit by VibeRide Instagram
Company NameVibeRide
FounderCarson MacDonald, Charlie Cannon, and Chris Goodhue
ProductInnovative Skateboard Break Technology
Asked For$250k for 10% equity
Final Deal$250k for 12% equity
SharkMark Cuban Shark Tank Profile Mark Cuban
Episode (Shark Tank USA)S15 E10
Air DateJan 12, 2023
Business StatusIn Business
WebsiteVisit Website
HeadquartersSalt Lake City, Utah, USA
Lifetime Worth (Sales)$600k *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

The co-founders of VibeRide Business are Carson MacDonald, Charlie Cannon, and Chris Goodhue. They officially launched this business in 2022. Charlie previously ran an Affordable Drone Business named EXO Drones. OpenStore acquired EXO Drones for $2.9M in 2022.

How Was The Shark Tank Pitch Of VibeRide?

Carson, Charlie, and Chris, these three college friends, asked the Sharks for $250,000 for 10% equity at a $2.5 million valuation. 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.

The margin in all their products is 63%, and 50% of sales are from brake kits. They currently have 6 utility patents.

Charlie has been involved in multiple businesses since the age of 14, including flipping T-shirts, flipping scooters, and affordable camera drones. In the affordable camera drones business, he formed 23 teams and sold camera drones worth approximately $15 million.

Charlie has invested $1.2 million in this business so far. He acquired the patent for the all-longboard brake system by paying $450,000.

Mark Cuban immediately offered $250k for 15% equity, and it was a yes or no offer. Charlie countered Mark with $350k for 15% equity. Mark countered with $250k for 12% equity, and if cash is required in the future, then he would add it.

Charlie countered at $265k for 12% equity but Mark remained at $250k for 12% equity, so Charlie finally accepted Mark’s offer.

Sharks Offers list!

Daymond John Daymond JohnNo Offer
Kevin O'Leary Shark Tank Profile Kevin O’LearyNo Offer
Mark Cuban Shark Tank Profile Mark Cuban$250k for 15% equity (#1)
$250k for 12% equity (#2)
Candace Nelson Candace NelsonNo Offer
Lori Greiner Profile for Shark Tank Lori GreinerNo Offer
Founder’s (Countered)$350k for 15% equity (#1)
$265k for 12% equity (#2)
Final Deals$250k for 12% equity

VibeRide Shark Tank Update

Currently, not much information related to this business is available. If we get any information, we will update it in this post.

What Is VibeRide’s Net Worth?

VibeRide’s net worth is estimated to be $2.6 million, and this data is based on the company’s lifetime sales and current valuation.

Annual Revenue by Years

Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.

YearsAnnual Revenue
2023$600k *estimated
2022$ *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
2023$250kMark Cuban

The headquarters of this business is in Salt Lake City, Utah, United States, and it has 2-10 employees working there.

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