Slyde Handboards Net Worth 2021
Slyde Handboards is a water sports company. They manufacture handboards that are used for body surfing. These boards are designed to give more speed and control, enabling users to ride faster, more stable waves. Bodysurfing has become a popular sport in recent years, and they are a fun and inexpensive way to learn and improve your skills.
They are produced from high-density foam and offer a greater lift and better balance. Slyde was founded by Steve Watts and Russell Ellers, both of whom grew up bodysurfing on the beaches of South Africa. Both had previously been unsuccessful with full-size surfboards. In 2010, they developed a mini board that could be attached to the hands.
The product was originally made in the garage of Mr. Eller, who lives in Venice Beach. After his family moved to Huntington Beach, the community expressed interest in their products. He decided to invest in the company and subsequently brought in an expert to help them maintain control of the business.
As a result, Slyde went on to become the smallest and most technologically advanced bodysurfing hardboards ever created. The company’s founders hoped to create a new kind of surfboard that would give riders more control. It would also help them to ride more effectively, allowing them to get a head-first experience.
A big part of their success was through a crowdfunding campaign. Slyde raised a total of $1.7 million dollars, and they were able to sell their products in Dick’s Sporting Goods stores. Another major boost was when Shark Tank featured the company.
After the show, Slyde was funded by Mark Cuban and Ashton Kutcher. Angela and Steve were offered 22 percent of the company and received $200,000 in exchange. However, both of them turned down offers from Robert Herjavec and Kevin O’Leary.
While the company has grown in popularity, Steve and Angela still have a lot of debt. Their goal is to secure 15% of the business in order to pay off their personal loans. Since 2011, they have sold $366,000 worth of products. Considering that they currently have a net worth of $236,000, it is possible that they will need to raise a lot more money if they wish to expand the company.
Slyde has a strong distribution network in the United States, Canada, and the UK. They are available at over 40 retailers in the country. Users can purchase their boards on Amazon and the official website. Many surfers also buy them from Dick’s Sporting Goods and other major sporting goods stores.
According to Forbes, both Robert and Kevin have offered to invest in the company, but Angela has rejected all of their offers. She said that she is looking for a “perfect team” of investors. Currently, she has her sights set on Ashton and Mark. Those two are believed to be the “Slyde dream team.”
Slyde is a renowned water sports company, and they are currently ranked as one of the top-selling brands in the U.S. As of 2021, they are still in business.