Handplane brand worth $800,000? Shark Tank insanity

don’t know if anyone here watches shark tank. i do. i like it. well a pop-out handplane brand was on this past weekend and they suckered persuaded two of the investors (marc cuban and ashton cutcher (sp?)) to give them $200k for 25% of the business (i think that’s what it was, maybe it was 200k for 20%).

all i could think was, “is this for real?!” nearly $1m for a handplane company?

the handplanes are bigger than normal and are glass/foam/carbon construction. they are definitely pop-outs based on their “designed in america, built to last” tag line and retail for $200 or so. they look fun, but they’re pop-outs and how many people actually buy handplanes? seems like most of the people i see with them have made them or just use a lunch tray.

i still wonder…IS THIS FOR REAL?! http://www.slydehandboards.com/

I was just thinking a week or 2 ago that Surffoils should take his hydrofoil handplanes on SharkTank.


Those boards are so big, they’d tear up your shoulder for sure. Poor design.

But a former pro basket ball player and a pro golfer think they are awesome…they should know. 

 

“I love America”

Sad case of Overstoke and poor timing…

Just built my first handplane.  I’ll sell my business for $600k.

 

 

Hilarious website.

Totally directed at the kuk demo.

ashton kutchers pick

 

This is the ultimate Handboard in the ultimate handboard package. A once in a lifetime opportunity to get the most advanced, fastest handboard available. Scroll down for all the info on the Carbon black and the Complete Set.

 

Included in the package

  • Features

    <ul>
    	<li><em>**Materials: &nbsp;**</em>Epoxy, urethane, fiberglass and 2mm PXT &nbsp;Flak Jacket high tensile laminate with Grade A Carbon Fiber</li>
    	<li><em>**Weight :&nbsp;**</em>650gm / 22oz with strap</li>
    	<li><em>**Dimensions: &nbsp;**</em>19.8in / 50.2cm X &nbsp;10.1in / 26.7cm</li>
    	<li><em>**Overall: &nbsp;**</em>Tight rails with a deep single concave and double swallow tail with wings/ nubs for wave face grip</li>
    	<li><em>**Wave Size: &nbsp;**</em>Handles well in all wave types Excels in anything over 3-4 feet</li>
    	<li><em>**Skill Level: **</em>&nbsp;The wedge shape is another&nbsp;great all round wave board pick the right conditions you feel most comfortable in and she will do the rest</li>
    </ul>
    </li>
    

I like Gunkie’s better.

yep its real - he linked on to my linkedin account about a year ago.  Wow thats a lot for a very new business!

I heard about this recently, gotta say I was a little effin’ bummed out. Those are so damn big, too! And here I am, foolishly trying to sell mine down at the local art/surf collective for $100!

Soon Walmart will be selling the slyde bundle for $39.99. 

But hell, good for them I reckon. They made something monetary of themselves I suppose…

Apparently these folks are from here in San Clemente. I wish them well despite my opinions.

http://www.sanclementetimes.com/on-board-with-handboards-san-clemente-business-secures-deal-on-shark-tank/

has 8 hundred grand of hand planes even been sold in the span of their existance ?

bingo

bingo x2

Ridiculous really…

They lucked out.  They found some fools to give them money.  Obviously, the Sharks will not see a return on their investment.  Would love to read the fine print on a Shark Tank deal.  At the end of the day its a TV show that gets great ratings.  Paying out $800k to an entepreneur is probably a lot less costly than paying a bunch of prima-donna actors.  Good for them.

http://www.bloomberg.com/news/articles/2014-07-15/shark-tank-do-two-thirds-of-deals-fall-apart

Interesting article on how most deals end up falling apart.