SBU Net Worth 2023 Update (Before & After Shark Tank)

SBU(Self Balancing Unicycle)

SBU, a Self-balancing unicycle, was started by Daniel Wood and David Martschinske. The company launch date is unknown. SBU’s net worth was $3 Million in 2012 based on the Shark Tank deal.

On October 26, 2012, they appeared on Season 4 of Shark Tank USA and made a deal with Robert Herjavec and Kevin O’Leary, $300,000 for 33% of equity.

SBU went out of business. Their product is no longer available on the market.

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SBU Net Worth

Net worth$3 Million (Business Valuation)
Lifetime sales
InvestorsRobert Herjavec and Kevin O’Leary
FoundersDaniel Wood and David Martschinske

SBU Net Worth Timeline

Net Worth 2023Out Of Business
Net worth valuation in 2012 after appearing on Shark Tank  $909,090
Net worth valuation in 2012 before appearing on Shark Tank  $3 Million

SBU Pitch on Shark Tank

Company nameSBU
ProductSelf-balancing unicycle
EpisodeSeason 04 Episode 07
Founders Daniel Wood and David Martschinske
Asked for$300,000 for 10% equity
Final deal$300,000 for 33% equity
SharksRobert Herjavec and Kevin O’Leary
Location1st Ave Camas, WA

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SBU Founders

SBU was founded by Daniel Wood and David Martschinske. The company launch date is unknown. Both founders are best friends. They also love to invent tech-related stuff. SBU’s founders, Daniel Wood and David Martschinske net worth is unknown as of 2023.

Key accomplishments

YearAccomplishment
2012SBU appeared on Shark Tank

Conclusion

Some companies that appear on the show have not achieved great success, and the SBU was one of them. Sometimes businesses don’t succeed for many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, the SBU shutdown date is unknown. And the product is no longer available in the market.