its funny u used a silicon valley clip cause all i was thinking about this episode lol kzfaq.info/get/bejne/qZenaLVjta2nkmg.html

The target audience couldnt afford these boards. Imo if they were cheaper, they wouldve become mainstream 🤷🏽‍♂️

I'm surprised boosted couldn't stay afloat considering how many Casey Neistat purchases

It’s sad to see a huge business and one of the first electric skateboard producers go

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.

God I really hope future motion doesn’t die

Don’t forget VC brought us gems like Theranos and Juicero

From a guy looking for as much information as I can find on this topic, this was a GREAT video! Many thanks!

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.

Boosted was always overpriced and they didn't innovate. They thought their initial reputation would sustain them...

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.

I sure hope One wheel doesn't go anywhere. I love my one wheel

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!

Bro you have the best videos man... My pint coming this Friday!

Incredibly good video 👍🏾 Super informative, interesting and well-produced.

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!

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!

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

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.

3:14 man that didn't age well

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

Jeez. Your videos lately hitting hard. Well created. Making more of them. Better editing. Everything.

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!

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

Great informative vid Jimmy. Say, I have a question to ask you. When I got my onewheel I threw out the orginal box it came in, if I want to ship my onewheel where can get an exact similar box to ship my onewheel?

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

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.

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.

Exceptionally lucid. Thanks for taking the time.

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.

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.

Always so informational! Thanks 👌

Nicely covered. I just hope one wheel becomes more affordable and higher volumes can also profit them from after sales.

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.

Onewheel fan base might wane due to their repair system. They totes need local repair shops.

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.

Thank you for sharing your knowledge with us.

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.

A terrific and well researched analysis. Very well done!

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!

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.

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+)

The limerick at the was a nice touch Jimmy

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.

GT is here bro, definitely killin it in 2022

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?

This is the most accurate take on all of this.

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.

another great video... thanks for the insight jimmy. ;)

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.

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.

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.

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

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.

Could you imagine riding around town in one of those chair segways that's fucking hilarious xD

Was waiting for your opinion on this!

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

hey man loved the video, i been doing some market research for one of my classes in school, Exway doesn't seem to have any investors, and they have close to zero marketing. the marketing they do have are from reviews from other skaters. pretty intresting and it seems they are doing very well.

Doesn't help that onewheel literally costs you your life to buy.

I think you missed option 3, profitability. That's still a viable path for companies with investors.

Here's an update as of 4/16/2020: oneradwheel.com/boosted-boards-failure-bankrupcy-update/

Great information Jimmy!!!

I don't want any Chinese company getting involved with Onewheel's production. So hopefully that doesn't happen.

I mean... Their name is FUTURE Motion... I love my pint 😊

Thanks! I learned a lot!

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 KZfaq are singing their praises

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.

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.

Wow that was a great video as always

Love these documentary esque videos

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...

My boosted app won’t connect to the board anymore. Anyone else having this issue?

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.

I was debating between the exway x1 pro riot and the boosted stealth. Glad I went with the exway

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.

Great video once again.

Every time jimmy has words of wisdom👌🙏

I was thinking about doing a mini x vs. one wheel pint video, but I guess im going to need to cancel that. I loved my boosted board and now I feel like my new daily has to be my onewheel.

Excellent breakdown! Terrible bankruptcy!

This video was great learned alot 💯💯

For me it was the price that had me looking elsewhere - I ended up with a Bustin Yoface hybrid.

For your next video (I imagine you might talk about the new app update?). Encourage people to not only to ride responsibly as you always do but maybe even to set up group rides to pick up trash along a route or something. Some riders with bags and some riders with trash-grabbing--gripper-things all working together. When we ride in groups it brings even more attention. If people see us doing great things and riding responsibly then we can hopefully stave off banning of our devices. Or maybe a nation wide organized day for such a thing at some point eventually? 😂 Just some thoughts

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

My boosted died the day I got my Onewheel! 😎

Good stuff I’m sure this is what happened to enertion Raptor?

I have another question where can I get new bearings for my Onewheel XR and who can install them?

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...

Great video, thanks.

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.

just keep making the Boosted Rev Scooter, PLEASE

good analysis ！

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

Does this mean now is the perfect time to buy my first Eboard?

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.

"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

Are onewheels wworth it? I'm either deciding to buy a onewheel pint or a meepoboard

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.

Too expensive. I’ll spend much less on a cheaper board that can do the same thing.

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.

That segway chair man. Airgear is coming guys!!!