Carson Kropf Locker Board Net Worth (Shark Tank)

About Locker Board

Locker Board is a unique and innovative skateboard company that makes skateboards boards that are designed to fit into a standard locker, making them ideal for students and urban commuters who need a portable and convenient mode of transportation.

The skateboards are crafted from recycled and repurposed materials, promoting sustainability and environmental consciousness.

Carson Kropf Background

Carson Kropf, the young entrepreneur behind Locker Board, was only 11 years old when he came up with the idea for his company. Carson’s inspiration stemmed from his frustration with the traditional skateboards that were too large to fit into his school locker.

 Determined to find a solution, he began experimenting with different designs, eventually creating a compact skateboard that met his needs. Carson’s dedication and innovative thinking led him to launch Locker Board, turning his simple idea into a thriving business.

Carson Kropf – Locker Board Shark Tank Pitch

Carson Kropf appeared on the 9th season of Shark Tank, impressing the Sharks with his business acumen and the unique concept of Locker Board. During his pitch, Carson showcased his product’s practicality, sustainability, and appeal to a wide demographic.

He asked for $60,000 in exchange for 15% equity in his company. The young entrepreneur’s presentation captivated the Sharks, particularly Sir Richard Branson, who was intrigued by Carson’s passion and the environmental aspect of Locker Board.

Branson offered $65,000 for 20% equity, which Carson accepted, gaining not only financial support but also a valuable mentor and business partner.

Locker Board After  Shark Tank Pitch

After the Shark Tank appearance, Locker Board’s sales grew over 300%, selling more than 1,000 skateboards.

In 2020, at age 14, Kropf signed a licensing deal with toy company Wham-O to produce and distribute Locker Board products. This likely provided a significant boost to the company’s revenue and valuation.

Kropf remains the owner and “Chief Fun Officer” of Locker Board, getting an undisclosed amount from each sale under the Wham-O licensing agreement. He is also involved in quality control and other aspects of the business.

Wham-O plans to offer premium and affordable versions of Locker Board through major retailers, with the goal of getting the product in “every backpack and locker in the world”.

Business Current Net Worth

As of 2024, Locker Board’s estimated net worth is approximately $3 million.

Locker Board founder Kropf appeared on Shark Tank at age 12 and secured a $65,000 investment from Richard Branson for 20% equity in Locker Board. This valued the company at $325,000 at the time.

Since appearing on Shark Tank, Locker Board has seen significant growth. The exposure from the show, coupled with Richard Branson’s investment and mentorship, propelled the company to new heights.

Locker Board expanded its product line and increased its presence in both physical and online retail spaces.

The company’s focus on sustainability and its innovative design continue to attract customers, ensuring steady revenue growth.

Carson Kropf Current Net Worth

As of 2024, Carson Kropf’s estimated net worth is around $500,000. This figure includes his earnings from Locker Board and various speaking engagements and entrepreneurial ventures he has pursued since his Shark Tank appearance.

Carson Kropf remains the primary founder and face of Locker Board. His entrepreneurial journey and dedication to his company have not only made Locker Board successful but have also significantly increased his personal net worth.

Current Business Status

Locker Board continues to thrive in the competitive skateboard market. The company’s commitment to sustainability and innovation remains at the core of its operations.

 Locker Board has introduced new skateboard models, each maintaining the compact, locker-friendly design that made the brand famous.

The company has also expanded into other eco-friendly products, appealing to a broader audience interested in sustainable living.

The partnership with Richard Branson has been instrumental in Locker Board’s growth. Branson’s guidance and business acumen have helped Carson navigate the challenges of scaling a business. Locker Board has also benefited from increased media exposure and strategic partnerships, further solidifying its place in the market.

Locker Board’s success is a testament to Carson Kropf’s ingenuity and perseverance. The company’s focus on environmental sustainability and innovative design continues to resonate with consumers, ensuring its ongoing success and growth in the years to come.