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GolfBoard by Sol Boards, Inc.

Operating

Sol Boards Inc

Transportation

Surf the Earth!

Post-money valuation ⓘ
$11.3M
As of Nov 2021 · from Reg CF Offering (2020) · pre-money + amount raised, not a traded price
Total raised
$4,509,204
Crowd $1.3M · Private $3.2M · 18 rounds since 2013
Latest share price
$1.25
Reg CF · Common Stock · Aug 2020 offering price

Financials

FY2014–FY2020 · from SEC filings · hover any figure for its source
$860K
−$1.4M
2014
$3.3M
−$1.6M
2015
$4.8M
−$723K
2016
$3.6M
−$1.1M
2017
$1.8M
−$643K
2018
$1.1M
$736K
2019
$1.0M
−$426K
2020
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2014 reviewed*
FY2015 reviewed*
FY2016
FY2017
FY2018
FY2019
FY2020
Income statement
Revenue
$859,876
$3,321,382
$4,792,142
$3,643,170
$1,797,569
$1,130,454
$1,041,894
Cost of goods sold
$1,201,939
$2,937,266
$3,313,392
$2,601,594
$1,098,402
$678,588
$684,138
Gross margin
-40%
12%
31%
29%
39%
40%
34%
Net income
-$1,432,698
-$1,551,851
-$722,624
-$1,072,126
-$642,685
$735,920
-$426,480
Taxes paid
$0
$550
$715,000
$0
$0
$0
$0
Balance sheet
Cash
$271,760
$133,554
$57,117
$105,562
$28,889
$106,936
$48,901
Accounts receivable
$10,766
$42,508
$33,759
$134,750
$284,051
$176,877
$311,191
Total assets
$289,025
$552,152
$1,083,714
$2,008,318
$2,364,344
$938,023
$821,907
Short-term debt
$634,938
$1,704,117
$4,329,293
$2,252,353
$2,636,287
$518,506
$471,623
Long-term debt
$1,257,223
$1,610,841
$0
$2,618,308
$2,971,543
$2,067,478
$2,328,764
Total liabilities
$1,892,161
$3,314,958
$4,329,293
$4,870,661
$5,607,830
$2,585,984
$2,800,387
Other
Headcount
—
50
5
50
50
50
10

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$2.7M
est. pre-money
$10.2M
pre-money
$11.0M
pre-money
Reg CF · Common · Nov 2016
Reg D · Common · Aug 2020
Reg CF · Common · Aug 2020

Blue bars are the pre-money valuation the company stated for a priced round. Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Share price over rounds

$1.25$0.625$1.25
Jul 2016Aug 2020
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Dec 31, 2017
ClassOutstandingVotes / shareShare of totalLast price
common stock7,787,289—100.0%—

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $302.3K / $535KInvestors 377Post-money $11.3M
Raised $584.8K / $2MPost-money $10.8M
Raised $1M / $1MInvestors 879Est. pre-money $2.7M
Raised $100KInvestors 1
Raised $1MInvestors 2
Raised $50KInvestors 1
Raised $195KInvestors 5
Raised $100KInvestors 1

Team

11 people
Don Wildman
Co-Founder

Largely credited for building the $15 billion+ health club market through innovative service offerings and celebrity based marketing, Don was founder and owner of Health & Tennis Corporation of America, which he sold to Bally Entertainment, where it was rebranded to Bally Total Fitness. The originator of idea of the GolfBoard, Don is Co-Founder of Sol Boards Inc., and is currently the Company’s largest shareholder.

John Wildman
Chairman & CEO

Prior to joining the GolfBoard® team, John was with Bally Total Fitness for over 25 years in various sales and marketing positions, including Chief Marketing Officer and Chief Operating Officer. John helped grow the company to over 400 locations with over 20,000 employees, generating annual revenue of over $1B. John attended DePauw University, the Anderson School of Management at UCLA, and the Executive Education Program at the Kellogg School of Management at Northwestern University.

Laird Hamilton
Co-Founder & Ambassador

Famous for being the world’s premier big wave surfer and renowned waterman, Laird Hamilton is largely considered the primary influence behind many surfing innovations, including, tow-in surfing, stand-up paddle boarding, and hydrofoil boarding. Laird is involved with various entrepreneurial companies, including the co-founder of Sol Boards Inc., as well a unique underwater resistance training workout he has developed and branded XPT.

Ali Fakhari
CFO

With over 15 years of management consulting experience, Ali combines financial expertise with tactical operating capabilities to businesses ranging from start-ups to Fortune 100 companies. Before co-founding his advisory firm, Ivy Venture Partners, Ali was a consultant at Bain & Company and held senior positions at Caesars Entertainment during its merger with Harrah’s and reported to the CFO of Burger King during its IPO. Ali has an MBA from Harvard Business School.

James Williams
Chief Strategy Officer

James is a strategy expert, having started his career with Bain & Company, where he developed growth strategies and devised business plans for some of the most successful global luxury and sports brands in the world. After leaving Bain in 2013, James co-founded Ivy Venture Partners, a business advisory and venture firm focused on developing and advising on winning business ventures for athletes, personalities and entertainers. James has an MBA from Wharton Business School.

Jeff Dowell
President

Jeff has spent 35 years in startups and early stage business development ventures in the golf, technology, and digital media industries. Prior to GolfBoard®, Jeff held senior executive roles in sales, operations, and product development during his tenures at OakHill Country Club, Inter-ad Inc, Clarity Visual Systems, LG Electronics, and 3M Corporation. Jeff graduated from Indiana State University.

Luan Pham
Advisory Board Member

Luan is an award winning marketer who brings over 20 years of industry experience to GolfBoard, with recent in-depth experience in sports marketing. He is currently Head of Marketing for Condé Nast Golf Digest, and previously was Senior Director of Marketing, Golf & Tennis for Polo Ralph Lauren, and Marketing Services Director for Kiplinger Washington Editors. He has a Bachelors in Communication, Emphasis in Advertising, from California State University, Fullerton.

Mike Radenbaugh
Technical Director

A co-founder and large shareholder, Mike Radenbaugh has lead much of the early stage design and development of the GolfBoard. Mike brings ten plus years of battery technology and technical product expertise to the company, including extensive experience with electric bicycles as the founder of Rad Power Bikes, as well as developing an electric propulsion system for stand-up paddleboards called the ElectraFin. Mike is a graduate of Humboldt State University and attended the University of California Davis for a master’s degree in Transportation Technology and Policy

Dean Fuschetti
Director

A major investor in Sol Board, Dean is COO of Microcast Technologies, the exclusive manufacturing partner with Sol Board. The development of the GolfBoard has been substantially enhanced by the engineering and prototyping work of Microcast Technologies Corporation. Dean is a graduate of Florida State University.

Show 2 more people
Paul Hodge
Advisor

Co-Founder of SolBoards, Paul is responsible for the early formation and initial early stage development of Golfboard. Paul is the Founder and Managing Member of GB Leasing, the preferred leasing partner to GolfBoard, which was made out of necessity as a way to finance GolfBoards to potential customers during the company’s early development. Paul is also the co-founder and current CEO of Laird Superfood a natural food company partnered with Laird Hamilton. Paul is a serial entrepreneur who has spent the last 26 years founding and taking on early stage development of a variety of businesses in multiple categories and industries.

Star Faraon
Director

Sol Boards Co-Founder and one of its largest shareholders, Star spent 6 years as a product rep for Quantya, an electric motorcycle company based in Switzerland. Star’s continues innovation efforts for clean and quiet electric vehicles. Star was the behind the original development of the high performance 4-wheel drive skateboard which led to the development of the GolfBoard.

Names and titles as disclosed on StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not required3+ reports filed & assets ≤ $10M

Filed 5 of 10 annual reports (FY2016–FY2025)

879 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C-UDec 1, 20210001665160-21-002135
    EDGAR
  • Form C/AOct 25, 20210001665160-21-001871
    EDGAR
  • Form C/AJul 26, 20210001665160-21-001325
    EDGAR
  • Form C/AApr 30, 20210001665160-21-000796
    EDGAR
  • Form C-ARApr 30, 20210001665160-21-000790
    EDGAR
  • Form C/AFeb 16, 20210001665160-21-000166
    EDGAR
  • Form C/ANov 17, 20200001665160-20-001426
    EDGAR
  • Form CAug 21, 20200001665160-20-001079
    EDGAR
Source: ManualCIK 0001573591Share price $1.25

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.