Shark Wheel Net Worth 2024: Shark Tank, Income, and Success
Shark Wheel co-founders David Patrick and Zack Fleishman are pitching their business to the Shark Tank in the hopes of raising $100,000 and 5% ownership. Even though it’s been around for more than five thousand years, the wheel as it is now has numerous drawbacks. Some wheels, for instance, are quick but have poor traction, whereas other wheels, on the other hand, are heavy but have excellent traction. There must be a wheel that can multitask, right? A newer model is required after five thousand years. Up until Zack and David came around, no one in that entire time had made an improved wheel.
Shark Wheel Net Worth
Their yearly income is a staggering $10 million, and as of September 2023, Shark Wheel has a net value of $3.6 million. Kevin O’Leary, Mark Cuban, and Nick Woodman struck a deal with them in May 2015 during their appearance on Shark Tank USA season 6, where they received $225,0000 in exchange for 7.5% equity. After going from an early estimate of $2 million by the entrepreneur, the ultimate valuation came to $3 million.
| Net worth | $3.6 million (2023) |
| Annual Sales Revenue | $10 million (2022) |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investor | Kevin O’Leary, Mark Cuban and Nick Woodman |
| Founder | David Patrick and Zack Fleishman |
| Employees | Less than 10 employees |
What is a Shark Wheel?
Shark Wheel is an innovative device and brand that has shown that the wheel may probably be changed.
The skateboard wheels manufactured by Shark Wheel are cubed-shaped, allowing for more speed, distance, and traction. In May of 2016, they were selected to make an appearance on Shark Tank.
Shark Wheel takes its cube-based design cues from the cyclical motions observed in nature. Skateboards, bags, casters, forklifts, and agricultural machinery all benefit from Shark Wheels’ enhanced efficiency.
Founder Of Shark Wheel
Shark Wheel was started by David Patrick and Zack Fleishman. Shark Wheel is an innovative device and brand that has shown that the wheel may probably be changed.
Inspiring by the cyclical motion of nature, the Shark Wheel takes its cube form. The Fleishman brothers, David and Zack, who started the company Shark Wheel, have approached the Shark Tank, offering $100,000 in return for a 5% ownership position.
Even though it has been in use for nearly five thousand years, the wheel still has many limits. There are lightweight wheels with great traction and fast wheels with low traction. So that’s why a universal wheel doesn’t exist, right?
A complete restoration is required after five thousand years. Prior to Zack and David building an upgraded wheel during that period, it had never been done. Skateboards, bags, casters, forklifts, and agricultural machinery all benefit from Shark Wheels’ enhanced efficiency.
Shark Wheel Before Shark Tank
Fleishman started playing tennis professionally, while Patrick started his two enterprises. After Fleishman’s injuries put an end to his professional tennis career, Patrick received the cancer diagnosis.
Gavin MacMillan, an expert in sports performance, introduced Fleishman and Patrick. Fleishman was helped in his recuperation by McGillan, who was Patrick’s tennis coach.
After studying planets, radio waves, and sharks, MacMillan thought Patrick Fleishman would be interested in science, which piqued his curiosity. They worked together on the Shark Wheel design right after they met.
Shark Wheel After Shark Tank
Nothing ever came of the shark deal. They started a campaign on the equity crowdfunding platform Start Engine because they needed money badly. With the support of 167 investors, they were able to raise more than $234,000. They were able to upgrade their old wheels to a more modern and advanced model because of this. In addition to being quicker, it has better off-road capability, lateral grip, and load capacity, and it’s easier to swivel.
Additionally, in 2019, they started a Kickstarter for the Shark Wheel Electric, the slimmest electric skateboard ever. With the help of over $80,000 in donations, they were able to realize their vision for the project. After a lengthy delay caused by the COVID-19 pandemic, all of the boards have since been shipped out.
Shark Wheel has not gone out of business as of the year 2024. They have a variety of wheels available for skateboards, longboards, and roller skates, including twisted (54 mm), California roll (60 mm), DNA (72 mm), and megalodon (95 mm) wheels. Prices start at $50 and go up to $160 or more, depending on the item.
Complete boards, which include wheels, are also available for individuals who would rather not “create their own” board. As an illustration, a Sunset Cruiser Skateboard is available for $200. On their website, you can also find bundle sets.
Also, the electric skateboard that they developed through the Kickstarter campaign is available for purchase. The price has dropped from $1,399 to $799 for this California-made product as of this writing.
Lights, luggage, golf bags, protective gear, clothing, and more are just a few of the accessories they provide. You can view their website if you are interested. It makes no difference how much you order because they offer a flat rate shipping fee of $19.99 across the US. Keep in mind, however, that you will have to pay your shipping costs if you plan on returning the items (any defective products can be returned except for electronic products).
