What Is Tandem Boogie?
The Tandem Boogie is a two-person bodyboard that allows them to jump and surf at the same time. The device offers a one-of-a-kind solution for surf schools, families, and sea enthusiasts to experience easy wave riding.
For both expert and beginner riders, the board is unique and produces waves. Tandem Boogie was invented by John and Manya Clark to assist others to have fun and build memories while riding the waves with their friends and family.
The invention is meant to allow everyone, regardless of skill level, to enjoy water activities with a companion. With their three kids, the couple has spent most of their life surfing and paddleboarding. They decided to take the experience to the next level by creating a buddy board, which eventually turned into a company.
Who Is Tandem Boogie’s Founder?
Tandem Boogie was created by John and Manya Clark to help folks have fun and create memories while riding the waves with their friends and family. The gadget is designed to allow anybody, regardless of skill level, to enjoy aquatic sports with a friend.
With their three children, the couple has spent most of their life surfing and paddleboarding. They decided to take the experience to the next level by creating a buddy board, which eventually turned into their business.
Production and operations are overseen by Manya. Despite the fact that their daughters are still in school, they play a vital role in the company. The University of California, Berkeley’s CEO and community manager, respectively, are Juliette and Alanna.
Lyla, the youngest, is in charge of clothes and products and aspires to study business and law in college. In the midst of the Covid-19 outbreak in July of 2020, they started the firm with a successful Kickstarter campaign that raised $31,230. They’ve gotten a lot of attention and coverage in their local press, and they’ve gotten rave reviews.
What Happened to Tandem Boogie at Shark Tank Pitch?
They also take their concepts to the Shark Tank Pitch to hunt for investors after a successful Kickstarter campaign in 2020 that raised $31,230. They go on to the pitch, where they ask for $100,000 in exchange for a 10% stake in the firm. This indicates that the firm was valued at $1 million at the time of the pitch.
They give their elevator pitch and explain their story. They had been in operation for two months and had received income ranging from $43,000 to $31,000 through the previously stated Kickstarter.
They further stated that the device costs $150 to produce and sells for $459. They intend to use the funds to expand their online presence as well as their physical locations.
During the pitch, Mark Cuban and Lori Greiner bailout, while Robert Herjavec makes a $100,000 offer for a 25% ownership in the firm, which is quickly matched by Daniel Lubetzky. Because they had matched along with Daniel Lubetzky, Robert Herjavec quickly revised his offer to $100,000 for 35 percent ownership interests in the company.
Clark Family counters with a $100,000 offer for a 30% ownership in their business. They eventually agree, and the Clark family, Robert Herjavec, and Daniel Lubetzky complete the transaction.
What Happened to Tandem Boogie After Shark Tank?
Following the pitch, Robert, Daniel, and the Clark family finish the deals. The company’s product line has expanded since then to include a surfboard and flippers. They’ve been working together to improve their online presence and secure particular retail partners.
Tandem Boogie is on the verge of launching its own website and establishing a physical presence. They’ll also look for licensing options with surf shops all around the world. The business intends to add a surfboard and flippers to its product line-up. They’ve been working together to improve their internet presence and get certain retail partners.
Tandem Boogie is on the verge of launching its website and establishing a physical presence.
Tandem Boogie’s Net Worth:
During the presentation, Clark asked for $100,000 in exchange for a 10% stake in the firm. This indicates that the firm was valued at more than $1 million.