Pete Hamborg aimed to instruct his sons in surfing. He chose to create a large skateboard to assist them in learning. He made a big board resembling a surfboard. Initially, it did not function flawlessly. After that, an incident altered everything. His spouse drove her vehicle over the board. The accident crushed a section of the board. This caused it to function just like a surfboard on solid ground.
Pete considered this to be an excellent idea. He began marketing the boards. Pete’s child, Gus, and his cousin Donnie accompanied him. They established a business named Hamboards. They presented their concept on Shark Tank. They requested $100,000 for 15% of the business. Will the entrepreneur get a deal on Shark Tank? Check out the Hamboards update to find out!
Hamboards Net Worth Shark Tank Update 2025
Pete Hamborg and Donnie Hamborg went on Shark Tank asking for $100,000 for 15% of their company. This meant they thought their business was worth $666,667. They made a deal with Robert Herjavec for $300,000 for 30%, raising the valuation to $1,000,000. The episode was aired on October 11, 2013. The longboard surf-skate company remains active and continues to sell globally. Using the default 10% yearly growth method, the current net worth of Hamboards is estimated to be around $3–4 million in 2025.
Hamboards achieved great success following their appearance on Shark Tank. The year following the show, their sales exceeded $1 million. Robert Herjavec assisted them in reducing expenses by 10%. Their skateboards are currently available in 60 shops throughout the United States. Boards can also be purchased on Amazon and the Hamboards site. The company remains operational as of 2024. They keep expanding and marketing distinctive skateboards.
Yes Hamboards got a deal on Shark Tank. Robert Herjavec made the deal. He offered $300,000 in exchange for 30% of the company. Pete, Gus, and Donnie accepted this offer. Robert helped them grow their business after the show. He also helped them reduce their costs.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Lori Greiner | Out | N/A | N/A |
| Daymond John | $150,000 for 30% equity | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Robert Herjavec | $300,000 for 33% equity | $300,000 for 30% equity | Yes to counteroffer |
| Mark Cuban | Out | N/A | N/A |
Hamboards Shark Tank pitch
Pete Hamborg was fond of surfing. He wished to express this affection to his five sons. Instructing them on how to surf proved to be challenging. Waves are irregular. Pete chose to develop a tool to assist them in learning on land. He constructed a big skateboard resembling a surfboard. The initial version was not flawless. Subsequently, an incident occurred. Pete’s wife unintentionally drove her car over the board.
This compressed section of the skateboard’s wheel region. The board progressed seamlessly after this. It functioned exactly like a surfboard on dry ground. Pete was aware that he had crafted something unique. Pete’s son Gus and his cousin Donnie accompanied him. They aimed to distribute the product to others. They founded a business named Hamboards. Establishing the company proved to be challenging.
They encountered numerous difficulties. Locating materials for constructing the boards was challenging. They required funds to expand the business. Marketing posed a challenge as well. Not everybody was aware of surf-style skateboards. Despite these challenges, they had faith in their product. They put in great effort to enhance and publicize it.
Pete, Gus, and Donnie walked into the Shark Tank full of enthusiasm. They displayed their distinctive skateboards to the Sharks. Pete revealed the tale behind the boards. He described how his passion for surfing motivated him. He additionally described the incident that enhanced the board. The Sharks enjoyed listening to the story of the product’s development.
The Hamboards team requested $100,000 in exchange for 15% equity. They demonstrated to the Sharks how the boards operated. The Sharks were taken aback. Robert Herjavec and Daymond John tested the boards. They remarked that the boards were enjoyable and distinctive. The group also disclosed their sales figures. They earned $225,000 in the previous year. They anticipated earning $350,000 by the year’s conclusion.
The Sharks paid close attention. Lori Greiner was the initial one to exit. She thought the product would struggle to sell in states without coastline. Mark Cuban also left the program. He believed he would not receive a favorable return on his investment. Kevin O’Leary disagreed with the company’s valuation. He also withdrew.
Daymond John and Robert Herjavec remained intrigued. Daymond proposed $150,000 in exchange for 30% ownership. Robert proposed $300,000 for a 33% stake. The team at Hamboards rejected Robert’s proposal. They requested $300,000 for a 30% stake. Robert consented. The agreement was reached.
The Sharks were curious about Hamboards. They were curious about the operation of the boards. Pete described the distinctive layout. He stated that the car accident contributed to forming the ideal board. The Sharks inquired regarding the materials utilized. Pete mentioned that the boards were crafted from premium materials. The group also described their patented HST trucks. These trucks caused the boards to move as if they were surfboards.
The Sharks were interested in sales. Donnie revealed that they earned $225,000 over the past year. He mentioned they were set to earn $350,000 by year’s end. The Sharks inquired about the market. Pete mentioned that the boards were well-liked on the West Coast. He thought they could be successful in other regions as well.
The Sharks inquired about the competition as well. Pete mentioned that there isn’t a product similar to Hamboards. Their boards were one of a kind. The Sharks were pleased with the product. Nevertheless, some expressed worries. Lori believed the boards may not do well in states without coastlines. Mark Cuban did not experience a significant return on his investment.
Kevin O’Leary was dissatisfied with the valuation of the company. Despite these worries, Daymond and Robert expressed interest.
The Sharks offered varied reactions to Hamboards. Lori Greiner was the first to drop out. She thought the product would struggle to sell in certain regions. Mark Cuban was the next to withdraw. He did not observe a favorable return on investment. Kevin O’Leary also exited. He believed the company’s worth was excessively elevated. Daymond John and Robert Herjavec remained indoors. Daymond enjoyed the item.
He proposed $150,000 for a 30% stake. Robert adored the planks. He proposed $300,000 for a 33% stake. The team at Hamboards deliberated thoroughly. They opposed Robert’s proposal. They requested $300,000 in exchange for 30%. Robert agreed. The agreement was finalized.
What Went Wrong With Hamboards On Shark Tank?
Not all the Sharks believed in Hamboards. Lori Greiner did not think the boards would sell in landlocked states. Mark Cuban did not see a big profit in the future. Kevin O’Leary thought the company was overvalued. These reasons made them drop out. Despite this Robert Herjavec believed in the product. He made a deal with the Hamboards team.
Product Availability
Hamboards are unique skateboards. They are designed to move like surfboards. The boards have patented HST trucks. These trucks make the boards feel like they are gliding on water. Hamboards come in different sizes and styles. They are made from high-quality materials. The boards are durable and fun to use. People can buy Hamboards in 60 skate shops across the United States.
They are also available online. Customers can buy them on Amazon and the Hamboards website. The boards come in various price ranges. They are an excellent choice for surfing and skating enthusiasts. Hamboards continue to grow in popularity.
Conclusion
Hamboards started as a tool to teach kids how to surf. An accident turned it into a unique product. Pete, Gus, and Donnie shared their story on Shark Tank. They impressed the Sharks with their skateboards. Robert Herjavec made a deal with them. After the show, the company grew quickly. They made over $1 million in sales. Their boards are now sold in stores and online. Hamboards continues to succeed.
Hey there, I’m Fatima Muhammad, an International Relations student, with a focus on the strategic dynamics of global relations, One of my favorite shows is Shark Tank. I love it because it showcases the creativity, determination, and strategic thinking of entrepreneurs, which I find inspiring. The show also teaches valuable lessons about innovation, business dynamics, and the importance of perseverance in the face of challenges. Read more About me.
