its funny u used a silicon valley clip cause all i was thinking about this episode lol kzbin.info/www/bejne/qWLaZoVohax2mJY
@freshlycharged4 жыл бұрын
This clip is perfect! The guy sitting in the right is totally Boosted!
@diamonddog28173 жыл бұрын
Lol
@diamonddog28173 жыл бұрын
Why
@boblettermen11264 жыл бұрын
The target audience couldnt afford these boards. Imo if they were cheaper, they wouldve become mainstream 🤷🏽♂️
@MechboyMarsuple4 жыл бұрын
Yea i agree it would have been sold more if it was at least £400 or £500
@lilkris30084 жыл бұрын
Yep I’ve been watching them for years and just never worked up the courage to throw a grand at it you could look at a decent used moped at that
@vivekpothineni30194 жыл бұрын
Exactly what I thought. I was so ready to buy if they lowered the price.
@Ricardo-gv1zq4 жыл бұрын
True, I wanted one but was like "how much?, Nope."
@awesomeblossom24174 жыл бұрын
If you look at the parts, the battery, motor, and controller are your most expensive parts.. I think a company with deep pockets could come in and drop the price of the XR to 700. They are also selling accessories for an ungodly amount. Pieces of plastic that cost $100? I think its a matter of time before someone does it better and cheaper.
@adrenalinegroove4 жыл бұрын
I'm surprised boosted couldn't stay afloat considering how many Casey Neistat purchases
@Tdogmoneyboy4 жыл бұрын
They gave him for free
@2fast2nick4 жыл бұрын
When Chinese companies start knocking them off and selling them for $200, it's hard to compete.
@elvan6304 жыл бұрын
Nick Twaddell no company is selling an esk8 for $200.... $400 sure
@jameswilliam27084 жыл бұрын
Ekonomiks
@alexanderpopik67804 жыл бұрын
@@2fast2nick Have been using a $399 Chinese board for around 2 years it holds up decent everything is perfect but every 6 months i have to fix/replace something minor
@MooseBuilt4 жыл бұрын
It’s sad to see a huge business and one of the first electric skateboard producers go
@RobDogzInc4 жыл бұрын
Nathan Sorensen so true, with brands like Meepo that exist, there is no reason to spend 3 times as much money for the same specs
@jonnyfielding3654 жыл бұрын
Robbie Tobin yeah or exway or another budget skateboard company
@teohyc4 жыл бұрын
They are so overpriced and can still go down. It’s just bad management
@douglasg14b3 жыл бұрын
Honestly, I can see Future Motion going downhill due to a lack of innovation. Their product hasn't really improved over time, which leaves more room every year for competitors to make something better.
@zzaqd4 жыл бұрын
God I really hope future motion doesn’t die
@RaymondLim344 жыл бұрын
Don’t forget VC brought us gems like Theranos and Juicero
@freshlycharged4 жыл бұрын
Theranos! What a great idea! Too bad that's all it really was.
@TLM8603 жыл бұрын
But the market is so efficient...
@milehighguy234 жыл бұрын
Onewheel is by far the most unique board riding experience that exists...nothing else like it. Boosted is just an electric longboard with a remote... where as Onewheel offers SO much more they really can't even be compared other than the fact that they're both electric. Float Life!
@alejandroWar2310 ай бұрын
Lol I wish I could laugh react this
@RCDevotee4 жыл бұрын
Great analysis Jimmy! I really didn't expect Boosted to last very long after seeing they left one small market to try and make money in another small market. Both markets being saturated with Chinese dominated products that were just getting better and less expensive. I think the original Boosted founders saw this coming and he left at the perfect time (at the height of the Neistat marketing boost). Once a more traditional CEO joined that didn't really understand what made Boosted so great things were bound to go downhill fast. The lackluster launch of the Rev just expedited the issue. I have been into electric scooters for a long time and know it very well. Once I rode the Rev and saw what it would face in the near and long term I knew Boosted would be in trouble. There aren't enough Boosted fans that wanted a scooter and anyone that had any experience with scooters knew there are better options around. I think Future Motion should be in a better place. The CEO is still there and he seems fine not growing very fast. It is also cool that he is the most avid Onewheel user around. The 3.2M from VC may have already been paid off with the good launch of the Pint. There have been no solid knock-offs of the Onewheel yet. It still holds a unique place in the PEV world. It may also stay there for a while as the market for EUCs and the Onewheel is very small relative to the other PEV options. If Future Motion is cool with just staying profitable and not going public it may be able to be around for a bit. There are plenty of companies around that are profitable but will never go IPO or want to sell off.
@RGMGFitness4 жыл бұрын
Interesting...didn't know Boosted Board was laying off. As long as folks don't get greedy I think OneWheel will be around for a while. I think they've got a great product. They just need to keep tweeking it (better safety features for the nose-dive issue). Hoping they stay American based as well..that's a big plus in my mind. Would love to see more small businesses succeed in the US.
@elbuhdai6054 жыл бұрын
Them being based in America (and even worse, California) is why they cost $2000. If they outsource their manufacturing and make things cheaper more people could buy.
@lancelaurel38282 жыл бұрын
@@elbuhdai605 yeah because some kid will be making it in a factory so that’s not the coolest
@wybuchowyukomendant Жыл бұрын
But they are greedy alright, you can't make even a TINIEST repair on your own, or the warranty becomes void. Hell, you can't even change the tire without fking up your warranty lol. And they won't even touch your board if there's no warranty sticker. When it comes to where they are based... I dunno, it may be "developed" in america, but most of the parts are from all over the world. European electronic components and parts, chinese chargers, etc.
@rayraytub10004 жыл бұрын
Boosted was always overpriced and they didn't innovate. They thought their initial reputation would sustain them...
@buknaked4 жыл бұрын
It’s really sad. They helped bring a community together when I was the aus brand ambassador for them. Miss doing group rides with them
@fonkyonder4 жыл бұрын
Sorry but they set you up to waste more money.... overpriced, over maintenance and its inconvenience when the batteries die. It's like making a gas car an electric car.... Its expensive and faulty. Why not make an electric car from scratch? Any companies with Hub motors is staying and making better sells. Boosted just advertised the shit out of their products compare to the rest... When someone asks me, is that a boosted board? Nope! Boosted sucks
@mr461964 жыл бұрын
@@diamondshard2 I owned a boosted board and honestly it was not worth it. The one wheel on the other hand is hands down way superior than the boosted board.
@sliderx18974 жыл бұрын
@@mr46196 why?
@douglasg14b3 жыл бұрын
I mean, is this not what Future Motion is doing? They are not innovating on their product, it has loads of small improvements & refinements that could be made, but none are. It's a good product, yeah, but it gets more and more stale every year as issues are identified and not improved upon.
@evrettej3 жыл бұрын
I sure hope One wheel doesn't go anywhere. I love my one wheel
@moseschappell83154 жыл бұрын
From a guy looking for as much information as I can find on this topic, this was a GREAT video! Many thanks!
@magorose73824 жыл бұрын
Future motions seems to be in a healthy place. Like you said they’re still very niche which is good because they don’t have to worry TOO much about being too expensive. I think their next opportunity for growth is going to be dependent on battery technology so they can make longer range board for cheaper. $1,000 is still too much for most people as an entry level hobby.
@KitesurfHatteras4 жыл бұрын
It would seem that a lot of people don't think that is too high a cost for the product, and as Jimmy mentions in one of his videos, the cost is in line with an expensive cell phone these days. I was actually thinking of upgrading to the iPhone 10 when I found out about the Pint, and put my money there instead. So glad that I did. I very much agree with your assessment of Onewheel being a niche market for someone looking for the kind of ride only this board provides. That is what did it for me as a long time snowboarder. I never was really very enticed by the idea of riding a scooter, hoover board, or electric unicycle. If I want better speed or range, I'll take my motorcycle.
@fonkyonder4 жыл бұрын
The one wheel is not going to take off either haha... Believe me, the one winning and they will stay winning is Hub motor companies. I noticed a ton of boosted people completely ignore Hub motors because it is actually winning. At $400 a board... Who's not going to jump into the hobby?
@RobNO4 жыл бұрын
In Europe the onewheel XR is 2000€. An Iphone is 1000€ (which is super expensive for a phone). Majority of people are bying 200€ phones so yeah it's too expensive when they sell the XR at 2000€ instead of 1800$ or the pint at 1200€ instead of 950$ (I know VAT, customs... yeah but the benefits of the end seller is way too big I think)
@jasonxhx78544 жыл бұрын
Their main board is $1800 and there's a long waiting list for the Pint. They seem to be doing alright
@RobNO4 жыл бұрын
Does not explain why it's way more expensive in € while $ convertion value is lower
@Cherokie894 жыл бұрын
3:14 man that didn't age well
@clombardi12564 жыл бұрын
Cade Johnson Hahahaha I was just thinking about that
@johnchristensen77854 жыл бұрын
Just wash your hands guys! No worries!!
@johnfroedge60984 жыл бұрын
This is the most accurate take on all of this.
@nicobrentan4 жыл бұрын
Great analysis @Jimmy Chang, I think you nailed it on the head by putting Boosted's issues' fault on the excessive VC funding they raised. Without the pressure for hypergrowth, I doubt that they would have taken the risk of competing in the e-scooters' crowded market, instead of continuing to lead in the e-skateboards field, or at least not as aggressively as they did. What's ironic about this, that I'm sure you already know but didn't mention in the video, is that they had an obvious warning of the risks involved through Inboard Technology's demise, which after introducing a very promising e-skateboard (the M1) went belly-up when trying to penetrate the e-scooter market!
@qjtvaddict4 жыл бұрын
Nicolo' Brentan inboard got eclipsed by competition that offer superior range and speed and other brands have changeable batteries they never released successors
@jltplease4 жыл бұрын
Onewheel fan base might wane due to their repair system. They totes need local repair shops.
@kupua4 жыл бұрын
Business analysis pretty good. Product analysis, MIA... and there is the problem. Stealth $1599, mini $999, Plus $1399, mini S $749. It’s 2020 and the highest priced board is $1.6k price is the PROBLEM. That board has to be $500-$600 and all other models fall under that. Insane if they think that has legs. That’s my humble opinion
@kupua4 жыл бұрын
Now One Wheel... yes that will follow too unless they find a sucker to buy its IP. But this product too is way over priced and has an inherent flaw, where the rider will eat it at some point. Because you are tilted forward and at speed, the rider has less a chance to recover! That’s my humble opinion on both
@Later_Nerd2 жыл бұрын
Shoutout to Boosted for paving the way. It's what got me to buy my first boards (from cheaper competition mind you) and what eventually led me to OneWheel. The path they've paved should not be forgotten.
@MrArty01234 жыл бұрын
I found boosted and one wheel to be wildly over priced tbh. There are so many small ESK8 companies popping up that are getting the same speed and distance as boosted board did but are 1/2 the cost or even less.
@khanb55034 жыл бұрын
*Wildly*
@CoveringFish4 жыл бұрын
I dunno, one wheel has some good tech and you can rely on it to bomb down hills with. California made too means expensive
@rightocarry14 жыл бұрын
Just got a lycaon, on sale for 400 bucks.
@qjtvaddict4 жыл бұрын
Half the cost and double the range
@DanzisGames4 жыл бұрын
What is a cheaper version of OneWheel? I owned Backfire G2, but right after riding on OneWheel I understood how great it is for the city. Normal board is limited to good quality of surface to drive on, which in my city is not existing.
@cleckie4 жыл бұрын
I think you missed option 3, profitability. That's still a viable path for companies with investors.
@RaidsEpicly4 жыл бұрын
that's not what VC's want though. They're basically gambing on a bunch of longshots so that the few that succeed, succeed so hard that they offset all their other losses. Steady but low growth isn't what they want, either succeed or die
@jakubhladik58983 жыл бұрын
The Onewheel is a really special product. Boosted boards don’t go off-road. And the smaller wheels are just scary in general. I’m a skateboarder. I never liked riding near cars because I knew I could hit a pebble and be screwed. And forget about cutting through alleyways with giant cracks and potholes etc. The Onewheel is a game changer. You can basically snowboard without snow, or a chairlift or lift pass etc. Snowboarding is expensive and it’s a huge market. The Onewheel is actually cheaper by comparison. I don’t have to drive 100km, buy a lift pass and buy all the gear needed to snowboard. It’s a perfect product. So I think they have a great chance of sticking around. Fingers crossed!
@_J3RK_4 жыл бұрын
You know why Future Motion and the Onewheel is going to be successful????? Because their product is hands down the best riding board I've ever stood on.
@KaiSosceles4 жыл бұрын
I see the same story happen over and over again in the esk8 community. It goes like this: Person buys a boosted board. Person goes on a group ride. Person realizes they just wasted a bunch of money because their board sorely lacks behind everyone elses. Person sells boosted to the next sucker and the cycle continues.
@freshlycharged4 жыл бұрын
The cycle looks like it ends here.
@AndrewCortesi4 жыл бұрын
Oh please 🙄 Regardless of their poor investment decisions, I still stand proudly behind my Boosted Board.
@cali48064 жыл бұрын
Yep! Sold mine! Lol sucker
@chuckmaddison29244 жыл бұрын
i bought a Black Hawk and love riding behind the lycra lot on $4000 race bikes. kinda pisses them off after a few mile's as they cant keep up the image : )
@BW2OFFICIAL4 жыл бұрын
I think a huge part is the fact that they are just as much, if not, more than the One Wheel XR and/or Pint. But, they are longboards. You can go over grass, gravel, sand, etc. with a One Wheel, but, from personal experience with a longboard, you hit a small pebble on the sidewalk just right, you get STOPPED right there and fly off. And also, they both have around the same performance, speed and range. But also, the One Wheel is just so much more rugged, has no remote you have to constantly use and make sure is charged on top of the board itself, One Wheel has WAY more customizability while Boosted has like, none, and, hey, it has tail and head lights.
@gamefoorum4 жыл бұрын
You said it at the beginning tho , everyone is looking for fast millions ... not for organic growth, thanks for video tho ♥️ nice to see such a intelligent content
@JETBLASTIX4 жыл бұрын
I mean... Their name is FUTURE Motion... I love my pint 😊
@bellamy45194 жыл бұрын
Higher pressure to appeal to a wider customer group took imo their most precious trait: Focus. Access into a whole new segment with the rev, combined with the tariffs (not corona lol) must have meant a ton of new challenges for Boosted. I always liked them and drive a mini since 2018. Believe that wasn't the path that the original founders visioned from 19 on. At least they brought a lot of talent and attention into the electric skateboard world and will forever be the OGs
@BWT5993 жыл бұрын
Even with all that VC money they only offered esk8s with street wheels vs. Evolve’s all terrain Bamboo/Carbon series. I rode an Evolve Bamboo GTR and the larger all terrain wheels (with the option to add knobby tires) allowed me to go further on my commutes. But the motors on the Evolve boards were prone to failure for me because they are exposed by vents, a point of weakness up here in Canada during the winters. I ended up grabbing a second board from China from Backfire. I wouldn’t say that Chinese esk8 brands are knock offs, they just spend a bit of time figuring out where other brands are lacking and then offer a product to fill the void. Fast forward to today, my esk8s are great, but limited in more varied off road terrain due to low clearance, especially with the battery under the deck. I’m now waiting for my One Wheel to arrive as I’m going through the motions of not being in motion during a lengthy stay at home lock down.
@ucdwino2 жыл бұрын
Watching this again a year after the upload…. I think your analysis is correct. Onewheel has stuck to a conservative game, kept doing what they are good at, and resisted the urge to constantly try to 1-up themselves…. Just staying as the “OG” product in the niche they created. I am further encouraged by your recent review of that other knockoff 1wheel…. It looks like imports are having a hard time replicating the smooth simplicity of of the onewheel. That’s good news for FM and those of us who love their product.
@freshlycharged2 жыл бұрын
Thanks for the feedback! Did this video over a year ago when COVID was just brewing. Back then, who knew we'd still be talking about it today...
@BorysBeee2 жыл бұрын
GT is here bro, definitely killin it in 2022
@sirpibble2 жыл бұрын
Thing is, those Chinese knock offs are better than boosted boards for a fraction of the price I've been using one for years and it still runs perfectly
@faolchu24844 жыл бұрын
Doesn't help that onewheel literally costs you your life to buy.
@mrCUTNPASTE4 жыл бұрын
Not to buy, but your right if you use it on the daily. One Wheel vs car's and truck's on the road in terms of safety will always lose It will only be a niche product till those are gone. On the upside you can't get Covid's standing on a Boosted or One Wheel but you may on a bus, subway or ride-share. Better to stay at home watch YT vids and order moreTP from Amazon while you wait for Pooaageddon.
@mashedt8rs2904 жыл бұрын
@@mrCUTNPASTE one wheels aren't anymore dangerous than a skateboard or a bike
@RGMGFitness4 жыл бұрын
@@mashedt8rs290 Agree...the only real safety issue that I think OneWheel under-addresses is the nose-dive issue. I feel like it would be less of an issue if NEW OWNERS fully understood the issue. OneWheel could certainly do a better job promoting or explaining the limitations of the board. Better yet, I would still like to see them create a mechanism which SLOWS the board, instead of the motor just cutting out. Yes, totally get it's explained in the manual but lets be honest...when you first buy the board that's were I feel 99.99% of those nose-dives issues come to light. Make that mistake just once and you've learned but it shouldn't take that mistake for awareness. They can do a better job communicating this flaw in their board. Love my board! Have had it now for nearly 2 years. One nose-dive (knock on wood) when I first got it...and several hundred miles later no issues and still loving the board.
@mashedt8rs2904 жыл бұрын
@@RGMGFitness well said, couldnt have said it better myself. Maybe they could put a skate rail on the front of the one wheel so if anybody does scrape the nose it wont just send them flying right away? I'm not sure if that is the issue or not but its worth a try
@jlip43084 жыл бұрын
The pint addresses these issues. Haven’t seen a pint nose dive yet. Likely the next xr series will be much safer and slicker looking.
@sonicx98644 жыл бұрын
I don't want any Chinese company getting involved with Onewheel's production. So hopefully that doesn't happen.
@Zuflux4 жыл бұрын
They already use chinese products. They tote it as "Made in America" Not that that by itself is any indication of quality, mind you, but it's more "assembled" in america. The frame is CNC milled in the states, the stuff inside it is made other places.
@jasip10004 жыл бұрын
Why not?
@tongxfps53474 жыл бұрын
pls move ur lazy as s body and escape from that 100m deep well
@zackhilton80354 жыл бұрын
@@jasip1000 so that he can spend $1500 on a onewheel
@jasip10004 жыл бұрын
Pm C yea I would rather pay 600 dollars, for the same Chinese product.
@stokefloat59884 жыл бұрын
thanks for the sobering view of how challenging success in business can be when you leverage it with other peoples money and therefore have to dilute vision and trajectory of the company
@llamajoeteam Жыл бұрын
Niu has led the way on how to expand and grow correctly. They moved into the scooter market with a very sturdy, high quality, inexpensive, competitive product. They stood by it with a 2 year warranty. And now scooter channels on KZbin are singing their praises
@ChannelX244 жыл бұрын
Great video, very clean cut and explained venture capital well. I think it would be a shame if Chinese companies bought up the likes of Boosted and Future motion. Would be great to see these companies manufacturing in their home countries like the US. Would lead to more jobs and a greater pride in the product.
@ChinmayH4 жыл бұрын
Nicely covered. I just hope one wheel becomes more affordable and higher volumes can also profit them from after sales.
@soysim76364 жыл бұрын
Could you imagine riding around town in one of those chair segways that's fucking hilarious xD
@mikeintampa2504 жыл бұрын
Wow, nice analysis Jimmy, & great analogy to Segway. I really don't want to see a scooter with one wheel or a Onewheel-branded scooter. By organically growing I think you mean through the profits made from the sale of its own core products. I don't know anything about the cost of production and costs of selling of the Onewheel but given how they've been coming out with new & improved versions the original Onewheel over time, which have proven to be popular, coupled with only a relatively small amount of investors, I am guessing they're in good shape.
@nicobrentan4 жыл бұрын
I don't have any information regarding OW's production costs nor therefore Future Motion's profit margins, but I do know that they leave relatively little margin for retailers. The gross reseller margin (MSRP - wholesale price) for the OW is only 20-25% vs. 30-50% for most other micro-mobility vehicles (with Chinese e-scooter often even above 50%). Furthermore, they have stringent vendor agreements that forbid most resellers from selling OWs online to prevent cannibalization of their direct online sales (which give them the highest profits) or even from selling 3rd party OW accessories, since they wouldn't make any profit on those. I think they are in a pretty good situation right now, but they are allowed to operate in this fashion and keep their progit margins high because they don't have any truly direct competitors (I consider e-skateboards to be indirect). So it will be interesting to see what would happen if and when they'll get serious, direct competition; what's sure is that the consumers would benefit!
@mikeintampa2504 жыл бұрын
@@nicobrentan Nicolo thanks for that Insight on profit margins and that other information too!
@MattAngiono4 жыл бұрын
My boosted died the day I got my Onewheel! 😎
@2fast2nick4 жыл бұрын
You like it that much? That is awesome, I am thinking about ordering one
@MattAngiono4 жыл бұрын
@@2fast2nick if you have any trails or a bike park where you live, it's not even a question! So much better!
@delbomb31314 жыл бұрын
Legit why i left a public company to work for a private company. I hated busting my ass making improvements to a company for it to do no good actually helping the company or employees experience directly.
@johnnyjmedia4 жыл бұрын
Bro you have the best videos man... My pint coming this Friday!
@freshlycharged4 жыл бұрын
I hope you love it!
@Rakonus4 жыл бұрын
For me it was the price that had me looking elsewhere - I ended up with a Bustin Yoface hybrid.
@keyboardwarrior99404 жыл бұрын
Rakonus and honestly I think They are going to be the new booster board I just bought a Boston board came in last week and I’m loving it it’s way better than the boosted a mini ex I have and it has a longer range for the most part
@bobjohnson2089 Жыл бұрын
Brilliant and informative analysis. A refreshing change from the "review of the latest EUC" videos. This ties in with Hsiang's 'Death of American Innovation' video. Let's hope onewheel maintains its conservative approach and thrives. China's policy of using American R&D and innovation to flood the market with ever-cheaper lower-quality and less-safe knockoffs is devastating.
@ictpilot4 жыл бұрын
I think another thing is that a skateboard is limited sometimes. When it's raining or there is wet pavement, it's going to lose traction easily. The Onewheel has more tire contact. Same thing with an EUC.
@TowerCrisis4 жыл бұрын
I've done some analysis of the boosted scooter. I've personally done a full disassembly in search of manufacturing analysis. This behemoth was INSANELY designed. The manufacturing cost was ridiculous, with all kinds of different operations. Their profit margin was slim. They weren't price gouging the purchasers, the product itself is costly, and that's why it couldn't sell.
@grodius4 жыл бұрын
i always felt like "why a boosted board?" and i think maybe a few more people felt that way too... the onewheel on the other hand...
@RickMelges4 жыл бұрын
Amazing work Jimmy! you really have a talent for seeing and investigating the heart of the matter! well done and thanks for your support of the OneWheel! Let the good times roll! and continue to roll!
@freshlycharged4 жыл бұрын
Appreciate the support Rick!
@RR-SF4 жыл бұрын
Too expensive. I’ll spend much less on a cheaper board that can do the same thing.
@jaimedeano10514 жыл бұрын
great analysis - I think OneWheel’s niche status and grip a on a relatively well heeled market (I mean how many people have an XR and a Pint) mean as long as they don’t go crazy with debt or dilute their equity too much they’re going to be around for awhile.... That moat around their market is pretty thick. I don’t think anyone else wants to invest the capital on the R&D to get around the patent monopoly on component arrangements FutureMotion has and then invest the capital on production and marketing. You’d need to take capture market share of Future’s small loyal niche market or expand that that market with a tester product.... that’s pretty hard on a product that has a big learning curve already. I actually think the future of OneWheel is to push for better combinations of weight and range as well as the UI experience of the board without diminishing its underlying ride experience. Imagine a more powerful motor to reduce pushback at speed (since it can balance more weight), introducing visual or audio cues for safety, more advanced batteries for longer range and power, ergonomics and lighter weight for portable.... I hope all the profits from us early adopters is going into the composite material, motor and component research for this next gen bad boy. It’ll help broaden the market incrementally with a safer and more accessible product as well as push a whole bunch of second hand boards into the market to widen the experience for those on the fence. Maybe a pint pro with some of these characteristics for city commuters and tricksters and an XR Pro for speed demons, trail riders, long haulers etc.
@Rockysboxing2 жыл бұрын
Or maybe a GT...
@1000huzzahs3 жыл бұрын
"Let's just calm down about the Coronavirus and wash our hands" Me: [sees date of video is early March 2020, and it's now June 2021] HAHA OH SWEET SUMMER CHILD
@Nikkattsu2 жыл бұрын
The GoPro investment was a smart move. I wouldn't be surprised if he has invested in EUC's as well. Both riders seem to be equally as interested in GoPros as they are with the wheels.
@hermanpierrot4 жыл бұрын
The rev was to expensive (2000 eur incl tax and shipping) compared to xiaomi's offer (around 600 eur incl tax and shipping). The rev should have been the 1400-ish incl shipping and tax in Europe, because the scooter is twice as good so you pay the premium. And you would need a rev light for 999 or something. But this was just way to expensive.
@Fordged4 жыл бұрын
Articulate and insightful. Great rundown of boosted's situation and what can happen when you leverage yourself out of your own business. Great editing, too!
@freshlycharged4 жыл бұрын
Thanks! It was fun to make.
@FalconPunch19784 жыл бұрын
My boosted app won’t connect to the board anymore. Anyone else having this issue?
@ChrisNieves4 жыл бұрын
i had the v2 and then the stealth-loved them both but ended up selling both while they were popular. They are a quality product. I now have a couple evolve boards and a onewheel xr, curious what evolve is doing. My onewheel has taken the majority of my time.
@crustlyn57564 жыл бұрын
One thing that will help the one wheel is the boosted board died cos it was so expensive and people who wanted it went for the knock offs but there aren’t any good cheap knock offs of the one wheel
@canadainboy24-graeme914 жыл бұрын
We need to save boosted board n get them back up n running again
@feralzi89304 жыл бұрын
canadain boy24 -graeme Graeme lol good luck
@qmarq4 жыл бұрын
Id rather get 5 meepo boards
@benfernandez99394 жыл бұрын
Meepo deserves this success. Boosted was a bunch of overpriced prick boards
@MechboyMarsuple4 жыл бұрын
Honey Bun Kid yeah man meepo is so underrated i feel
@LandosWorldPOV4 жыл бұрын
I run a Meepo V3 ER all day. over 1000 miles and counting!
@WiLLiE4784 жыл бұрын
Jeez. Your videos lately hitting hard. Well created. Making more of them. Better editing. Everything.
@freshlycharged4 жыл бұрын
Thanks William. Appreciate the feedback.
@blacksunaccounts4 жыл бұрын
People who ride skateboards around don't want to spend $1500. Their mistake was trying to sell it as as this expensive premium product
@Thisisnttravis3 жыл бұрын
Problem with mom and pop is you also quickly get outdated and being the 1st to market can establish the brand to be synonymous with electric skateboard but everything you said makes sense too...
@PhilemonXIV4 жыл бұрын
Incredibly good video 👍🏾 Super informative, interesting and well-produced.
@jkjuker4 жыл бұрын
Hey Jimmy, there is a fourth option for venture capital returns... Dividends. If the business is profitable it shares its profits with the investors, in some cases this can be much more lucrative than selling the company early. Some founders even take these dividends and buy the outside investors out. It’s not always dire.
@JTPOV4 жыл бұрын
Interesting to see boosted go down like that, I always thought they would keep producing and innovating! Really hope Future Motion veers away from this, although the price is most likely keeping it from going more public. Just short of $3k here in Canada (for xr+)
@wollve4 жыл бұрын
Hey! I need an opinion on something. So I’ve been saving up for a Onwheel Pint for a while now, but after more and more research I’m starting to see the safety concerns of the device. This is more concerning to me than most as I play instruments that really require hands (Piano, Cello). Body parts I like to use for playing music, but I also want to experience that stoke that everyone talks about when talking about Onwheel. So, should I get a Pint or not?
@jlip43084 жыл бұрын
Nooby Frog I recommend getting a regular push longboard to get used to riding and carving and practice jumping off at slow speeds. Pint is very safe with some practice.
@dfactor4 жыл бұрын
Jimmy, this would be spot on if business was so black and white. Fortunately, it's not and there are other options Boosted can take to remain solvent, from further VC investment, to downsizing labor and product lines, corporate restructuring, etc. As for FM and their OneWheel, the fact that they haven't requested more investments speaks to their solvency and clear mission statement, so their options are not "go broke" or "get sold", but rather grow their current product lines slowly, one new product at a time (i.e. Pint), maybe into lower price points, or expand their product mix. Now, would getting sold to a Chinese company be "so bad"? Yes, for many reasons, but the top two are here. First, quality would suffer. You're talking about the company being sold, not Future Motion outsourcing production to China where they would still have quality control standards. Second, jobs would be lost and with it, tax revenue for California, a state the desperately needs all the tax revenue it can get it's grubby hands on. The OneWheel is so pricey partly because it costs a lot to make a product in the US. I see FutureMotion moving their production to a more tax and cost of labor friendly state, like Texas, Arizona, or Nevada to reduce overhead, and continuing to move into lower price points to make the OneWheel more accessible to the masses.... who knows, we'll see what happens with this lawsuit. If the plaintiffs win, the payout could bankrupt FutureMotion.
@Esk8Tech4 жыл бұрын
Now a dozen companies have budget boards that can do what boosted boards can do. I just purchased a wowgo3x which in my opinion is a better version of a boosted board for half the price. You can't beat the quality, functionality, and features for the price point.
@ErikKubica4 жыл бұрын
Problem of boosted is price. All those alternative Chinese manufacturers that last few years provide nearly same quality and better technical specs (double range, higher hill climb ability,...) for half the price. considering if i would like to buy a board that is lower quality but the end result in range, hill climb,... is same as boosted, then the Chinese board would cost me less than third of the price. lots of people doing like 200miles (300+km) on their Chinese boards and they are still in usable shape, so if it breaks, people can buy 2-3 more boards for the price of one boosted. And the same will come for onewheel after it gains popularity and Chinese manufacturers will start to produce good alternatives for affordable price (there are few of them now, but they suck, its only time until they get it right and start mass producing for a affordable price)
@2eken2514 жыл бұрын
I used to have boosted board + V1: has less than 200 miles and the battery went dead- try several time to reboot the battery by pulling behind vehicle,on treadmills etc)-work less than 5 min than has to reboot again. Call the company but they said they don’t support version 1 and no other places to get it repair,get part, or place for repair. I will never buy another boosted board product ever. this is not how to run the company - I knew they won’t last long. Boosted board products and the company are garbage. I still support Onewheel. I keep upgradjng every other year. I’ve got 3 Onewheel so far. I now have the XR version.
@LogicvsLuxury4 жыл бұрын
Orrrr Option 4, the Investors could just be happy with slower organic growth and collecting the dividends from that over a much longer time horizon. 🤷🏻♀️
@freshlycharged4 жыл бұрын
Good point. Just not very exciting. Boosted is well past that option too.
@connorpriest54694 жыл бұрын
This is what I hope happens with Future Motion. I really don’t want them to be sold to some Chinese company. Part of what makes OneWheel so cool is that it is built by the founders our in Santa Cruz. I worry that quality, safety, and customer service will be jeopardized if Future Motion sells to some cheap Chinese company.
@lorenzolungo24 жыл бұрын
@@connorpriest5469 Btw they are already partially bought by a Chinese company, he showed 3 investors, one of them is an enormous and well known Chinese investment fund. I'd guess it's the one putting the most of those 3 millions
@JIYkp4 жыл бұрын
I don't believe this makes sense in the context of venture capital. It would take too much time and opportunity cost for it to be worth investing that kind of cash into a company. They'd probably from a financial standpoint to invest in the markets.
@cassius9694 жыл бұрын
@@JIYkp They betted on Electric skateboards going mainstream and quickly becoming as commonplace as skateboards. Of course a skateboard costs 100 bucks....
@mavic51494 жыл бұрын
This video was great learned alot 💯💯
@mdk364 жыл бұрын
Good analysis Jimmy. May Future Motion have a long life as company. I trust they will create another awesome device while learning something from Boosted Board, (i.e. don’t go into the market of an over saturated product) stay unique, and continue to build high quality products for an end user.
@RomeLJ4 жыл бұрын
The limerick at the was a nice touch Jimmy
@eveoff4 жыл бұрын
The problem with Onewheel is thats its massively overpriced. 2000€ for something that has a production cost less then 500€? No thank you. I can by a V11/S18 for that price. Both have bigger batteries, stronger motors, lights and suspension. When i order one of these wheels i wont feel like im being scammed but buying a onewheel for the same amount? No thank you.
@baj70734 жыл бұрын
I work for b8ta palo alto, and boosted has been struggling recently, last week they just left our stores worldwide. I kinda saw this coming.
@blastofo2 жыл бұрын
Sometime things fail because people get real about a products shortcomings. Like how everyone owned a netbook, but then realized they're too weak. People eventually realized that its too easy to crash on an e-skateboard or onewheel.
@SucceedingInFinTech4 жыл бұрын
Exceptionally lucid. Thanks for taking the time.
@Matt209119854 жыл бұрын
If the onewheel can hold out for the upcoming battery revolution I see a bright future. Batteries like carbon dioxide will give onewheel 7 times more range without increasing weight. Not to mention supercharging and longer lasting lithium.
@MikeLousteau14 жыл бұрын
There is, of course, a third option.... to become profitable and generate returns to investors without selling. VC investors aren't typically interested in that, but Angel investors and individuals have their own motivations. Lighthouse Capital is typically a debt provider, not an equity provider, so the story may be further muddied here. I think Future Motion is playing this right, given their market. Thanks, Jimmy for the great videos and onewheel inspiration.
@bamafan16123 жыл бұрын
You actually missed an option: remain private and pay dividends/liquidity to the investors. More rare than sell or go broke, but still an option.
@shield4004 жыл бұрын
All of these electric machines are ahead of their time. Unfortunately, the current battery technology isn't advanced enough to make these vehicles truly awesome.
@dsalpha184 жыл бұрын
The company tanked because of pricing, competition, unrealistic returns policy and design issues. 300 vs 1600, which one will you buy?
@alexcouto63594 жыл бұрын
Hey Jimmy, what do you think about Summerboards? Got my onewheel xr back in February, in part due to your videos! Just came across the summerboard and haven't seen much on it.
@freshlycharged4 жыл бұрын
Summerboards are rebranded Leiftech boards that have been out for a while. Looks cool and I've known people that have owned them but I've never tried it and I don't hear much about them, not sure why.
@alexcouto63594 жыл бұрын
@@freshlycharged Interesting. Thanks Jimmy! Keep making content!
@Ontheroadtourism4 жыл бұрын
Onewheel is quite unique and has a somewhat of a cult following. Maybe they could do what Monzo (online bank) did and offer shares to their customers even if only a buck each even if for a small percentage. I am sure Onewheel owners would love to be a part of the company.
@jkush62794 жыл бұрын
Great info, call me an optimist but I'm hoping that FM focuses on organic growth and customer acquisition, the customer base for the onewheel seems alot more loyal than the other last mile companies
@WheelWithMe4 жыл бұрын
I think *Future Motion* will be just fine. I've never heard about community events like _Floatlife Fest_ or _Race for the Rail_ specifically for _Boosted_ as we have for _OneWheels_ 🤷♂️ Also, if you own a _Boosted_ and it breaks you might try a different electric skateboard. But if your _OneWheel_ breaks you'll shell out whatever it costs just to get back riding. *There is no substitute for a OneWheel*
@freshlycharged4 жыл бұрын
Great points!
@JeremiahLauzon4 жыл бұрын
The lack of substitution is also a problem for Futuremotion I believe
@adventureseekerdude4 жыл бұрын
Forget Onewheel, Summerboard all the way!
@Pyromancers4 жыл бұрын
hard to understand how a company with so much venture capital and selling eboards for the cost of a cheap secondhand car managed to bungle their finances. Their profit margins seem like they should have allowed them to be very picky about who they got their venture capital from. They had half a million just off their kickstarter for crying out loud.
@Pyromancers4 жыл бұрын
I built a great eboard waaay faster than a Boosted V2 in 2016 (still using it) with overpriced high end components for under $600. You could take a baseball bat to my circuit housing and nothing would happen. There has to be more going on here.
@therealchayd3 жыл бұрын
I think there's more hope for Onewheel as even though their initial product offerings were out of the affordability of potential adopters, and their addition of the pint would definitely help them out there. Not offering all their products internationally is definitely a negative in my book, there's a massive market outside the US.
@Valcreee4 жыл бұрын
Was waiting for your opinion on this!
@freshlycharged4 жыл бұрын
Hope I didn't disappoint.
@St1ngerGuy4 жыл бұрын
Seems like one option for Future Motion is to pay back their investors and continue making onewheels strictly with their profit. They don't have to sell or go broke, they just need to run their company.
@TheRussianLondoner3 жыл бұрын
OneWheel Pint should be the most popular product for the with 30-40% of profits coming from accessories, hopefully including external gender mounted (additional) battery/charger on the go... OneWheel Pint is crazy underestimated and underappreciated product with the best value v quality ratio ❤
@ragnorockcookie28684 жыл бұрын
Well that sucks I was hoping to buy a boosted board.
@SenyaLikesToSki4 жыл бұрын
@@godlytechreviews4 No customer service tho
@bucky7372 жыл бұрын
I'm glad onewheel isn't dead yet, but I hope FM gets it together
@dmac82474 жыл бұрын
I own a Pint. But nothing beats a real human powered skateboard. I grew up skating and prefer the real thing. There are more advantages to a traditional skateboard than any kind "electronic" skateboard, including never having to worry about electricity. The joy of using your own muscles to exercise and propel yourself, lower cost, etc...
@oldskooldeano4 жыл бұрын
I don't see Future Motion going down the same route. 3.2M doesn't seem like a huge amount of investment if you ask me, and their products are unique. I can see why the GoPro guy would invest, it seems like every floater has an urge to film their adventures. More OneWheels means more action videos! 😉
@jonasgordon69654 жыл бұрын
Just a thought, but did the GoPro marketing VP invest in Onewheel just because like half of the people who get Onewheels eventually get GoPros to record it? Maybe? Maybe?
@scottmcclelland48094 жыл бұрын
Jimmy, love the videos. I live at the beach, east coast, is it ill advisable to ride either a EUC or one wheel on the beach? Will it damage the device from the salt in the sand? Is one better than the other ? Thanks