Learning science can be very hard. Many students find it boring. Some students find it confusing. Jared Ebersole and Luke St Amand saw this problem. They wanted to fix it. They wanted to make science fun. They created Lectec. It is a special kit. Students use it to build electric skateboards. They do not just ride them. They learn how they work. They learn about motors. They learn about batteries.
They learn about physics. They learn about coding. They learn by building. It makes science exciting. Jared and Luke took Lectec to “Shark Tank.” They wanted help. They asked for one hundred thousand dollars. They offered ten percent of their company. The Sharks listened. They asked many questions. They talked about Lectec. Some of them liked it. Some of them did not. Will the entrepreneur get a deal on Shark Tank? Check out the lectec update to find out!
lectec Net Worth Shark Tank Update 2025
Jared Ebersole and Luke St. Amand asked for a $100k investment in exchange for 10% equity in their company. This meant they valued their company at $1 million. They made a deal with Kevin O’Leary for $100k in exchange for 10% of their company, plus a $10 royalty per unit sold until Kevin gets his investment back. This new deal valued their company at $1 million. After the show aired, Lectec saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Lectec in 2025 is about $1.1 million.
In our lectec Update research, After “Shark Tank” Lectec kept going. They worked hard. They wanted to help more students. They worked with schools. They worked with teachers. They worked with summer camps. They wanted more kids to learn about science. They wanted to sell more kits. Lectec also started looking at regular customers. At first, they only sold to schools. But many parents wanted the kits too.
Many kids wanted to build at home. They decided to expand. They wanted to reach more people. They added new features. One feature was coding. Now students can program their skateboards. They could change the lights. They could change how the skateboard worked. This made learning even more fun. They wanted kids to experiment. They wanted kids to be creative. Lectec continued to grow.
They kept improving the kits. They worked on new ideas. They wanted to bring hands-on science to as many students as possible.
In terms of a lectec Update, Yes LaTeX secured a deal on Shark Tank. Kevin O’Leary offered 100,000 for 10% equity and wanted $10 for every kit sold. royalty per unit sold. Jared and Luke negotiated the royalty terms. They proposed limiting the royalty until Kevin recouped his investment. Kevin agreed to the revised terms. The deal was finalized with Kevin’s support.
This partnership provided LaTeX with the funding and expertise needed to grow. Kevin’s involvement also opened doors for marketing and distribution opportunities. The deal marked a significant milestone for LaTeX. It validated their vision and gave them the resources to scale their business.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | $100,000 for a 25% stake | $100,000 for 10% equity, plus a $10 per unit royalty until he earned $1 million$100,000 for 10% equity, plus a $10 per unit sold until 500k is paid | Yes to first offer |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | $100,000 for 10% equity, plus a $10 per unit sold in perpetuity | $100,000 for 10% equity, plus a $10 per unit royalty until he earned $1 million$100,000 for 10% equity, plus a $10 per unit sold in until 500k is paid | N/A |
| Barbara Corcoran | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
lectec Shark Tank pitch
Jared Ebersole had a passion for electric skateboards. At 15 he saw a video of one online. He wanted one badly. But they were expensive. So he decided to build his own. He learned about motors, gears, and batteries. His creation worked well. People noticed. They asked if they could buy parts from him. This led to a business opportunity. Jared started selling parts. His business grew.
It made over a million dollars. He used the earnings to pay for college. After college Jared gave an electric skateboard to his nephew. The young boy was curious. Instead of riding it immediately, he wanted to know how it worked. They took the skateboard apart together. Jared explained each component. This experience sparked an idea. Jared thought other kids might enjoy learning this way.
He envisioned a kit that combined fun and education. He sold his first company. He used the funds to start Lectec. His mission was clear to make science learning interactive and enjoyable. Luke St. Amand joined Jared in this venture. Together they worked on developing the Lectec kit. They wanted it to be comprehensive. The kit would include all necessary parts and tools. Students wouldn’t need any prior knowledge.
The assembly process would be straightforward. As students built the skateboard, they would learn. Concepts like physics, engineering, and electronics would come to life. Jared and Luke believed in the power of hands-on learning. They wanted to inspire the next generation of innovators.
On “Shark Tank,” Jared and Luke introduced Lectec. They showed their electric skateboard kit. They explained how it works. The kit has all the parts needed. Students can build their own skateboards. They learn about motors and gears. They learn about batteries and physics. The kit costs $349. It costs them $149 to make each kit. They had been in business for 10 months. In that time, they made $146,000 in sales.
They focused on selling to schools. They wanted to make science classes more engaging. They asked the Sharks for $100,000. They offered 10% of their company in return. They believed in their mission. They wanted to inspire the next generation.
The Sharks had many questions. They wanted to understand the product better. They asked about the target market. Jared and Luke said they sold to schools. They also sold after-school programs and summer camps. They had not yet sold directly to consumers. The Sharks asked about the cost. The kit sells for $349. It costs $149 to make. They asked about sales. In 10 months, they made $146,000.
The Sharks wanted to know about the founders’ backgrounds. Jared shared his story. He talked about building his own skateboard at 15. He talked about starting his first company. He explained how his nephew’s curiosity inspired Lectec. Luke shared his experience too. He had worked at Amazon. He left to join Jared in this mission. The Sharks asked why they focused on schools.
Jared and Luke said they wanted to prove the educational value first. They believed this approach would build trust. It would show that the product is safe and effective. The Sharks asked about future plans. Jared and Luke wanted to expand. They planned to sell directly to consumers. They also wanted to add more products. They aimed to keep making learning fun.
The Sharks had mixed feelings. Barbara did not connect with the product. She decided not to invest. Lori liked the concept. She saw potential in selling directly to consumers. But she felt it was too early. She also decided not to invest. Mark loved the mission. He agreed that schools are hard to sell to. He worried about scaling the business. He did not see it as a strong investment. He chose not to invest. Kevin made an offer.
He offered $100,000. He wanted a $10 royalty per unit sold. He also wanted 10% equity. Jared and Luke were hesitant. They were concerned about the royalty. They asked if Kevin would limit the royalty. Kevin was firm. He wanted the royalty forever. Jared and Luke felt this was too much. They declined the offer. In the end, they did not get a deal. But they left with valuable feedback. They remained committed to their mission.
What Went Wrong With Lectec On Shark Tank?
Several factors led to Lectec not securing a deal. The Sharks felt the company was too new. They wanted more proof of success. Jared and Luke had not yet sold to consumers. This limited their market reach. The Sharks were concerned about the ability to scale the business. They also had concerns about the safety of the product. Riding electric skateboards can be risky. These factors made the Sharks hesitant to invest.
Product Availability
Lectec offers educational kits. The main product is the electric skateboard kit. The kit includes all parts and tools needed for assembly. It also comes with a curriculum. The curriculum covers topics like motion, physics, and engineering. The kits are designed for middle school, high school, and college students. They are used in science and engineering classes. The kits are available for purchase on Lectec’s website.
The price is $299.99 per kit. Lectec also offers a safety pack. It includes a helmet and pads. The safety pack costs $50.00. Lectec accepts purchase orders from schools. They also offer resources for educators. This includes sample curriculums and demos.
Conclusion
Lectec aims to make learning fun. They turn science into a hands-on adventure. Jared and Luke faced challenges on “Shark Tank.” They did not secure a deal. But they continued to grow their company. They expanded their product line. They reached more students. They are still in business today. They continue to inspire the next generation of engineers. We look forward to seeing their future progress.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
