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.
See also: Similar products on Amazon.
SBU Net Worth
| Net worth | $3 Million (Business Valuation) |
| Lifetime sales | – |
| Investors | Robert Herjavec and Kevin O’Leary |
| Founders | Daniel Wood and David Martschinske |
SBU Net Worth Timeline
| Net Worth 2023 | Out 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 name | SBU |
| Product | Self-balancing unicycle |
| Episode | Season 04 Episode 07 |
| Founders | Daniel Wood and David Martschinske |
| Asked for | $300,000 for 10% equity |
| Final deal | $300,000 for 33% equity |
| Sharks | Robert Herjavec and Kevin O’Leary |
| Location | 1st 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
| Year | Accomplishment |
| 2012 | SBU 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.
