SBU Shark Tank Update
Cycling
Fell ThroughNow:Out of BusinessFitness & SportsSeason 4, Episode 7Camas, WAby Daniel Wood and David MartschinskeWebsite
What Happened to SBU After Shark Tank
Is SBU still in business? No — the company has shut down.
- Deal with Robert Herjavec and Kevin O'Leary never went through
- Featured on MythBusters and Tosh.0
- Product discontinued mid-2010s
- Founder now works with Future Motion (Onewheel)
Last verified Apr 1, 2026.
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The SBU Shark Tank Pitch
Daniel Wood and David Martschinske of Camas, WA pitched SBU on Shark Tank Season 4, Episode 7, which aired Friday, October 26, 2012, asking for $300,000 for 10% of the company — a $3M valuation.
Robert Herjavec and Kevin O'Leary teamed up and agreed to invest $300,000 for 33% equity, valuing the company at $909,091. The deal fell through after the show. Deal with Herjavec and O'Leary did not close.
Watch the Pitch
Pitch Details
- Aired
- S4E7Oct 26, 2012
- Ask
- $300,000for 10%
- Ask Valuation
- $3M
Deal Terms
Terms agreed on air. The deal did not close.
- Amount
- $300,000
- Equity
- 33%
- Valuation
- $909,091
Robert Herjavec
Kevin O'Leary