Riley and Jansen, from Irvine, California, went on Shark Tank in April 2017 to introduce their firm, Guardian Bikes, looking for a $500,000 speculation and a 10% stake.
Gatekeeper Bikes promotes their bicycles as the most secure kids’ bicycles available since they all have Riley’s SureStop halting framework.
A Guardian Bike has a switch that controls both the back and front brakes, making halting simple for a young person (and keeping them from flying over the handlebars).
This framework guarantees that the front and back hand breaks get equivalent strain. Different sizes and styles are accessible, with costs going from $330 to $420.
What Are Guardian Bikes?
Gatekeeper Bikes will be bicycles extraordinarily worked for kids that set another norm for bike wellbeing with their improved slowing down component.
Their honor winning SureStop slowing down innovation is enacted by pressing one handlebar, not both.
Brian and Kyle, the organizers, added the front brake shrewdly, bringing about the world’s most secure kids’ bicycles.
Guardian Bikes planned to foster a safer slowing mechanism. SureStop made Guardian Bikes, a progressive new slowing mechanism for bikes that kills the chance of riding over the handlebars while slowing down and empowers bicycles to stop impressively quicker and more secure than any time in recent memory.
Organization Name Guardian Bikes
Entrepreneur Brian Riley and Kyle Jansen
Product safe brake trekking for youngsters
Speculation Asking For $500,000 for 10% value in Guardian Bikes
Last Deal $500,000 for 15% value in Guardian Bikes
Shark Mark Cuban
Episode Season 8 Episode 21
Business Status In Business
Website Visit Website
Who is the Founder of Guardian Bikes?
Brian Riley and Kyle Jansen are the Founders of Guardian Bikes.
Guardian Bikes Before Shark Tank
Brian Riley and Kyle Jansen established Guardian Bikes to improve and get the universe of bicycling.
One of their progressive elements is their earth shattering stopping mechanism, which utilizations brakes on the back tires first and works their direction to the front wheels, forestalling head-over-handlebar crashes like almost killing one of the proprietors’ granddads cracked numerous vertebrae.
Before Shark Tank, its center was offering its stopping mechanism and cushions to other bicycle organizations. Plans were brewing to begin fabricating their bicycles, yet extra subsidizing will be expected to seek after this endeavor.
How Was the Shark Tank Pitch of Guardian Bikes?
Brian and Kyle showed up on Shark Tank mentioning a speculation of $500,000 in return for a 10% stake in Guardian Bikes.
This might appear to be an enormous amount of cash, yet many consider Guardian Bikes to have the makings of a multimillion-dollar firm.
Gatekeeper Bikes offers slowing mechanisms for just $4 more than the opposition, which is handily recuperated on in excess of a couple hundred dollar bicycles, and cushions for $5 more, which has come about in an unbelievable $200,000 in cushion deals throughout the course of recent years.
The organization has proactively acquired around $95,000 when Sharks sees the bicycles it has delivered, and they hope to procure $350,000 by month 12.
Bicycle creation addresses a critical venture into a market the organization might have kept away from.
A bicycle costs $146 to create yet might be sold for $240 at discount, bringing about a good overall revenue.
Shark’s perspective partitioned whether Guardian Bikes ought to have gotten into bicycle fabricating as opposed to staying a SureStop wellbeing brake development licensor.
Some could consider this to be a way for the organization to fabricate memorability and make a criticism cycle where individuals see Guardian Bike’s SureStop buy one more bicycle with the innovation.
Then again, creating cycles when organizations like Huffy as of now exist could be a critical capital venture and pointless on the off chance that showcasing is gotten along nicely.
At long last, Mark Cuban was the main shark who trusted the firm had a brilliant thought (which was generally settled upon) and could figure out how to permit and fabricate.
Mark Cuban concurred with the proprietors that $500,000 would be adequate in return for 15% of the business, dependent upon the proprietors meeting six-and year achievements and recruiting an in-house advertising master.
Did Guardian Bikes Have a Deal on Shark Tank?
Brian and Kyle relate their account and show how the stopping mechanism functions for the Sharks. Chris Sacca reveres it, however Mr. Wonderful asks why they didn’t just permit the innovation.
Brian and Kyle showed up on Shark Tank mentioning a speculation of $500,000 in return for a 10% stake in Guardian Bikes.
Barbara is the main Shark to branch out; she accepts they are needing a talented sales rep. Kevin offers $500,000 in return for a 20% stake in the bicycle making business.
Kevin exits when Brian and Kyle direct their concentration toward different Sharks. Chris and Lori promptly follow.
Mark makes a $500,000 offer with three circumstances: the innovation is one of a kind, meets deals targets, and recruits an in-house advertising proficient. Thus, The Sharks consented to put resources into Guardian Bikes.
Are Guardian Bikes Still in Business?
Imprint and Guardian Bikes settled on an arrangement, and the Guardian Bikes got speculation as guaranteed.
Guardian Bikes Shark Tank Update
Guardian Bikes is ready to go and productive starting around 2022. The organization has not yet entered the grown-up bike market. The yearly income of Guardian Bikes is $5 million.
What Befell Guardian Bikes After Shark Tank?
Guardian Bikes have all the earmarks of being in phenomenal condition. Following a financial mixture from Mark Cuban and the work of an advertising proficient, Guardian Bikes presently has a significantly bigger web-based presence.
Besides the fact that they have their site, which is planned in a spotless Web 2.0 design and incorporates requesting data, educational recordings, and a lot of special material, however they likewise have essentially every sort of virtual entertainment presence under the sun.
There has all the earmarks of being consistent movement on their Facebook page, with posts advancing new bicycle tones, execution and arrangement recordings, and an unmistakable standard reporting Mark Cuban’s speculation.
Fan interest is very restricted, however this is not really causing alert given the particular market.
Twitter tells a comparative story, with various retweets lauding the Guardian Bikes’ style and building quality, making them ideal gifts.
While Instagram and YouTube channels are less dynamic, they give brilliant publicizing potential open doors and teach individuals about your things.
What Is the Net Worth of Guardian Bikes?
The valuation of Guardian Bikes was $5 million when it showed up on Shark Tank. The total assets of Guardian Bikes is above $5 million starting around 2022.