Wetboard

Wetboard

Early Stage

Make Your Wake with the World's First Electric Water Ski-Wakeboard Hybrid

Make Your Wake with the World's First Electric Water Ski-Wakeboard Hybrid

Overview

Raised to Date: Raised: $13,500

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/04/2017

Close Date

12/18/2017

Min. Goal
$10,000
Max. Goal
$107,000
Min. Investment

$150

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$1,600,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/30/2017

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$182

# of Investors

30

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2015

Industry

Consumer Products, Goods & Services

Tech Sector

Location

Bellevue, Washington

Surfing is cool. Wakeboarding is cool. Water skiing? Also cool. So imagine a water ski-wakeboard-surfing hybrid. It’s, like, the ultimate level of cool.

And that’s what the Wetboard is - making waves by combining three of the coolest water sports out there. Wetboard is a self-powered surfboard that aims to define a newer, greener era of water sports. Good for both calm lakes and ocean waves, Wetboard allows you to hang ten anytime, anywhere.

The creators claim this is different from the other powered surfboards you see buzzing around the water. They expect it to be more maneuverable with a unique and smaller patent-pending propulsion system and impeller that are both more efficient and electric (no gas needed). It also won’t require a tow boat or trailer, as it’s only five feet long, 18 inches wide, and less than 30 pounds.

Wetboard thinks its found a nitsche in the personal watercraft manufacturing market, which is predicted to reach $859M and a 9.6% growth rate by 2018. Founder and CEO, Chris White, has dreamed about making Wetboard a reality since he was 13. The passion is real, and the plan is there. In fact, Wetboard seems to have all its ducks (fins?) in a row. However...no actual prototype exists. All of this is just the plan. Their Start Engine venture is only to get the prototype party started. Then, in March 2018, after they’ve (hopefully) made a successful and working prototype, they hope to launch Kickstarter and Indiegogo campaigns to make the actual surfboards. In other words, all of this is simply frothy buzz for the moment. There’s not an existing Wetboard that can go out there and get, ya know, wet.

While I love water sports and surfing, and I can’t wait to try Wetboard when it actually swells into existence, I might wait to make sure there’s a working prototype before investing lock and stock with the dream of surfing my next barrel. In the meantime, there’s plenty of other powered surfboards already out there to help you chase your pipe dreams.
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Wetboard on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $1,600,000
Price per Share: $2.00

Follow company

Follow Wetboard on StartEngine

Buy Wetboard's Deal Report

Warning: according to the close date for this deal, Wetboard may no longer be accepting investments.

Wetboard Deal Report

Get KingsCrowd’s comprehensive report on Wetboard including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Wetboard is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Wetboard deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge