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Why Richard Branson Backed This Teen's Skateboard Business
Posted
November 25, 2018
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11,358
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November 25, 2018
11,358
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3:23Now Playing13-year-old Carson Kropfl pitched his mini-skateboard business on "Shark Tank" last year. Now it's bringing in six figures.
Read more about his business here
Carson's pitch was so compelling, three sharks fought to invest: Mark Cuban, Robert Herjavec and guest judge Richard Branson. Branson invested $65,000 for 20 percent of Locker Board, giving it a $325,000 valuation.
Since the show aired, Locker Board has grown over 300 percent, according to the company. The boards are now sold on its website, Amazon and at a few local retailers. Locker Board now has two patents and four trademarks and has done over $68,000 in lifetime revenue.
Along with Branson, Carson's also collaborating with Nike on a project.
For all things Lockerboard, visit its YouTube channel here
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This 8th-grader's $325,000 mini-skateboard business has investment from Richard Branson, and he's collaborating with Nike | CNBC Make It.
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