Surfing and water sports are a dream for many, but they can be difficult and require a lot of training. People often struggle with balance, expensive equipment, and learning complicated techniques. These challenges stop many from enjoying the thrill of riding waves.
Steve Watts and Angela Fernando decided to solve this problem. They created Slyde Handboards, a product that makes catching waves easier, more affordable, and fun for everyone. Slyde Handboards are small, lightweight boards that strap to your hand, helping you glide on waves.
The couple showcased their product on Shark Tank in Season 7. They hoped to impress the sharks and get the investment they needed to grow their business. Steve and Angela asked for $200,000 in exchange for 15% equity in their company. Did the entrepreneur get a deal on Shark Tank? Check out our Slyde HandBoards update to find out!
Slyde HandBoards Net Worth Shark Tank Update 2025
Steve Watts and Angela Watts went on Shark Tank asking for $200,000 for 15% of their company. This meant they thought their business was worth $1,333,333. They made a deal with Mark Cuban and Ashton Kutcher for $200,000 in exchange for 22% of the company. That deal lowered the value to $909,000. The episode was aired in February 2016. Slyde Handboards became very popular among surfers and is still active, selling globally. Using steady growth and strong traction, the current net worth of Slyde Handboards is estimated to be around $2.3 million in 2025.
The company experienced great success after appearing on Shark Tank. Steve and Angela partnered with Mark Cuban and Ashton Kutcher, who played an active role in helping the brand grow. With their guidance, Slyde Handboards expanded its reach and built a strong customer base.
By Season 10, the company had its products in over 40 retail stores. They also increased their online sales, with their boards available on the Slyde Handboards website and Amazon. Their annual revenue jumped to an estimated $2 million. As of today, Slyde Handboards is still thriving. They continue to bring joy to water sports enthusiasts all over the world.
Yes, Slyde Handboards got a deal on Shark Tank. Steve and Angela asked for $200,000 in exchange for 15% equity in their company. After intense negotiations, they accepted an offer from Mark Cuban and Ashton Kutcher. The final deal was $200,000 for 22% equity.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Ashton Kutcher and Mark Cuban | 1# $200,000 for 25% equity 2# $200,000 for 22% equity | $200,000 for 20% equity | Yes |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | $200,000 for 15% equity | N/A | No |
| Robert Herjavec | $200,000 for 15% equity | N/A | No |
| Mark Cuban | Partnered with Ashton Kutcher | N/A | N/A |
Slyde HandBoards Shark Tank pitch
Steve Watts grew up near the beach and always loved water sports. He wanted to create something simple that would let anyone experience the fun of surfing without the difficulties. Angela Fernando, Steve’s wife, shared his vision. The two decided to work together to turn their idea into reality.
The journey wasn’t easy. They maxed out their credit cards and used their wedding savings to start Slyde Handboards. In the early days, they struggled to market their product and educate people about handboarding. But their passion and belief in the product kept them going.
Steve and Angela entered Shark Tank with big hopes. They began their pitch by showing a video of happy customers using their handboards. They also gave each shark a custom-made Slyde Handboard. The couple explained how their boards make wave riding simple and accessible.
They shared their sales numbers, revealing they had earned $356,000 in total sales. However, sales had dipped slightly in the past year. They explained they needed an investment to scale their business and teach people about handboarding. The couple asked for $200,000 in exchange for 15% equity. Keep reading our Slyde HandBoards update to see what happens next!
During the pitch, the sharks had many questions about the product and the business.
Robert Herjavec: Robert said he had invested in a similar product before. He wanted to know how Slyde Handboards would be different and how they planned to market it. Steve explained they would focus on social media and partnerships with influencers to reach younger audiences.
Mark Cuban: Mark asked about the target audience. Angela explained their primary customers were teenagers and young adults aged 13 to 30. Mark was concerned that the audience might be too narrow.
Kevin O’Leary: Kevin joked about marrying the couple but then asked about their profit margins. Steve explained that their boards cost between $169 and $199, with a good profit margin on each sale.
Ashton Kutcher: Ashton admitted he wasn’t familiar with handboarding. However, he liked the product and wanted to know more about its uniqueness. Steve explained the advanced construction and lightweight design that made the boards easy to use.
Lori Greiner:
Lori was the first to go out. She said the product wasn’t the right fit for her and didn’t align with her expertise.
Kevin O’Leary:
Kevin showed interest but ultimately backed out. He felt the market for handboards was too niche.
Robert Herjavec:
Robert offered $200,000 for 15% equity. However, he seemed hesitant and didn’t show full confidence in the business.
Mark Cuban and Ashton Kutcher:
Mark and Ashton teamed up to make an offer. They proposed $200,000 for 25% equity. Steve and Angela countered with 20%, but Mark insisted on 22%. The couple agreed, and the deal was finalized.
Product Availability
From our Slyde HandBoards update research, From our Slyde Handboards update research, the product is widely available today. The boards can be purchased on the Slyde Handboards website and on Amazon. They are also sold in over 40 retail stores.
Slyde Handboards are known for their unique features, including an ultra-buoyant foam core and a lightweight, durable design. Prices range from $169 to $199, making them an affordable option for water sports enthusiasts.
Conclusion
Slyde Handboards started as a small idea but grew into a successful business with hard work and determination. The founders, Steve and Angela, impressed the sharks with their passion and secured a deal with Mark Cuban and Ashton Kutcher. Since appearing on Shark Tank, the company has achieved remarkable growth.
They expanded their product reach and gained a loyal customer base. Slyde Handboards continues to thrive, bringing the joy of wave riding to people worldwide. Stay tuned for more updates on Slyde Handboards and their exciting journey ahead.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
