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This KILLED BOOSTED Board. Is ONEWHEEL Next?
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- Опубликовано: 18 авг 2024
- **UPDATE 4/16/2020** Please read my Boosted Update here: oneradwheel.co...
Boosted was once king of the electric skateboard. Now they are on the verge of going out of business. How the mighty have fallen. In this video I explain why Boosted Board failed and I compare their business practices with Future Motion, the makers of the Onewheel. Is Future Motion doomed to follow the same course as Boosted? I explain why and why not.
my blog: www.oneRADwheel.com
my IG: / oneradwheel
Reading list:
Boosted Board Farewell Letter: blog.boostedbo...
www.theverge.c...
techcrunch.com...
/ if-you-take-venture-ca...
www.nytimes.co...
Future Motion business info:
www.sec.gov/Ar...
www.crunchbase...
Thanks to Ryan H. for helping me with this video!
Music: www.epidemicso...
A production of Just Create Ltd.
#onewheel #boostedboard
its funny u used a silicon valley clip cause all i was thinking about this episode lol ruclips.net/video/s1w5R2PGCb4/видео.html
This clip is perfect! The guy sitting in the right is totally Boosted!
Lol
Why
The target audience couldnt afford these boards. Imo if they were cheaper, they wouldve become mainstream 🤷🏽♂️
Yea i agree it would have been sold more if it was at least £400 or £500
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
Exactly what I thought. I was so ready to buy if they lowered the price.
True, I wanted one but was like "how much?, Nope."
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.
I'm surprised boosted couldn't stay afloat considering how many Casey Neistat purchases
They gave him for free
When Chinese companies start knocking them off and selling them for $200, it's hard to compete.
Nick Twaddell no company is selling an esk8 for $200.... $400 sure
Ekonomiks
@@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
It’s sad to see a huge business and one of the first electric skateboard producers go
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
Robbie Tobin yeah or exway or another budget skateboard company
They are so overpriced and can still go down. It’s just bad management
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
Theranos! What a great idea! Too bad that's all it really was.
But the market is so efficient...
Here's an update as of 4/16/2020: oneradwheel.com/boosted-boards-failure-bankrupcy-update/
ooof, boought out by lime. I can't deny that dockless scooters make so much more sense as a last mile solution
Boosted was always overpriced and they didn't innovate. They thought their initial reputation would sustain them...
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
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
@@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.
@@mr46196 why?
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.
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!
Lol I wish I could laugh react this
I sure hope One wheel doesn't go anywhere. I love my one wheel
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.
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.
@@elbuhdai605 yeah because some kid will be making it in a factory so that’s not the coolest
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.
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.
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.
The cycle looks like it ends here.
Oh please 🙄 Regardless of their poor investment decisions, I still stand proudly behind my Boosted Board.
Yep! Sold mine! Lol sucker
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 : )
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.
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.
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 $400 a board... Who's not going to jump into the hobby?
In Europe the onewheel XR is 2000€. An Iphone is 1000€ (which is super expensive for a phone). Majority of people are bying 200€ phones so yeah it's too expensive when they sell the XR at 2000€ instead of 1800$ 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)
Their main board is $1800 and there's a long waiting list for the Pint. They seem to be doing alright
Does not explain why it's way more expensive in € while $ convertion value is lower
3:14 man that didn't age well
Cade Johnson Hahahaha I was just thinking about that
Just wash your hands guys! No worries!!
Onewheel fan base might wane due to their repair system. They totes need local repair shops.
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.
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
From a guy looking for as much information as I can find on this topic, this was a GREAT video! Many thanks!
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.
*Wildly*
I dunno, one wheel has some good tech and you can rely on it to bomb down hills with. California made too means expensive
Just got a lycaon, on sale for 400 bucks.
Half the cost and double the range
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.
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.
Doesn't help that onewheel literally costs you your life to buy.
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.
@@mrCUTNPASTE one wheels aren't anymore dangerous than a skateboard or a bike
@@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.
@@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
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.
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.
I don't want any Chinese company getting involved with Onewheel's production. So hopefully that doesn't happen.
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.
Why not?
pls move ur lazy as s body and escape from that 100m deep well
@@jasip1000 so that he can spend $1500 on a onewheel
Pm C yea I would rather pay 600 dollars, for the same Chinese product.
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
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
This is the most accurate take on all of this.
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!
I think you missed option 3, profitability. That's still a viable path for companies with investors.
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
I mean... Their name is FUTURE Motion...
I love my pint 😊
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.
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
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!
Nicolo' Brentan inboard got eclipsed by competition that offer superior range and speed and other brands have changeable batteries they never released successors
Could you imagine riding around town in one of those chair segways that's fucking hilarious xD
GT is here bro, definitely killin it in 2022
Too expensive. I’ll spend much less on a cheaper board that can do the same thing.
My boosted died the day I got my Onewheel! 😎
You like it that much? That is awesome, I am thinking about ordering one
@@2fast2nick if you have any trails or a bike park where you live, it's not even a question! So much better!
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 RUclips are singing their praises
People who ride skateboards around don't want to spend $1500. Their mistake was trying to sell it as as this expensive premium product
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
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...
Bro you have the best videos man... My pint coming this Friday!
I hope you love it!
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.
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...
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
"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
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.
For me it was the price that had me looking elsewhere - I ended up with a Bustin Yoface hybrid.
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
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.
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.
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.
My boosted app won’t connect to the board anymore. Anyone else having this issue?
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?
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.
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.
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.
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.
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.
@@freshlycharged Interesting. Thanks Jimmy! Keep making content!
Jeez. Your videos lately hitting hard. Well created. Making more of them. Better editing. Everything.
Thanks William. Appreciate the feedback.
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
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.
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!
@@nicobrentan Nicolo thanks for that Insight on profit margins and that other information too!
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.
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...
We need to save boosted board n get them back up n running again
canadain boy24 -graeme Graeme lol good luck
Id rather get 5 meepo boards
Meepo deserves this success. Boosted was a bunch of overpriced prick boards
Honey Bun Kid yeah man meepo is so underrated i feel
I run a Meepo V3 ER all day. over 1000 miles and counting!
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.
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.
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.
This video was great learned alot 💯💯
Nicely covered. I just hope one wheel becomes more affordable and higher volumes can also profit them from after sales.
I expected that this would happen. Who wants to buy an overpriced slow board with a 10 mile range
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.
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!
Thanks! It was fun to make.
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. 🤷🏻♀️
Good point. Just not very exciting. Boosted is well past that option too.
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.
@@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
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.
@@JIYkp They betted on Electric skateboards going mainstream and quickly becoming as commonplace as skateboards. Of course a skateboard costs 100 bucks....
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+)
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
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.
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.
Incredibly good video 👍🏾
Super informative, interesting and well-produced.
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)
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...
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!
Appreciate the support Rick!
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.
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?
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.
Or maybe a GT...
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.
Everyone complaining about the price being too high. There were cheaper options besides Boosted. Boosted had a reputation of making quality boards that lasted and were premium products. Of course they weren’t going to be entry level products. No one said they were. These boards were for people already in the hobby looking for a premium product that will last them years and also act as a way of transportation. When you see these as a mode of transportation, the cost is also justified considering how much one would spend on gas and what not. And they had payment plans that split the price into less than $100/month. They just expanded too quickly into areas they weren’t ready for. I’m sad to see them go :(
The cost of fenders is fueling Future Motion's growth.
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.
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.
The limerick at the was a nice touch Jimmy
I'm glad onewheel isn't dead yet, but I hope FM gets it together
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 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*
Great points!
The lack of substitution is also a problem for Futuremotion I believe
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.
Now I get why they have this creepy and awful costumer service....
When there is a company such as meepo who sells the meepo V3 that is just as good as boosted for 1/6 the price precisely only 369 dollars for an electric skateboard that goes 11 miles and has a top speed of 28mph it makes it really easy to see why boosted went out of business. Most normal people don’t have 1700 dollars to buy an electric skateboard especially when in the grand scheme of things they are mostly for fun. The entire world is not New York City where you can just hop on your board and get to work. Most commutes are atleast 20 minutes by car or more. It’s almost surprising they didn’t go out of business already. Boosted insulted the average consumer with a price tag so high. I have very little sympathy for boosted except for the poor workers that got layed off.
I paid 1600 for my Stealth that has unsupported parts, the founders are rich. I don’t feel sorry. I still ride it till I die. It’s in most of my intro except the gas skateboard I just rode. 😜
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.
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.
i want to see future motion create a high end electric snow bike. dual motor, pinion gearbox, kitchen sink, everything.
Forget Onewheel, Summerboard all the way!
Well that sucks I was hoping to buy a boosted board.
@@godlytechreviews4 No customer service tho
Makes over 100 million profit. Can't keep afloat. Can't pay debts, does nothing to help fall of growth and then says fuck it, we're out. Nice business model.
with all due respect to boosted, but I bet that the idea didn't really seem that impressive a lot of people. a skateboard with a motor attached to it that you control through a remote. the real eyecatcher would be seeing someone going super fast on a skateboard whereas Future Motion has a real eyecatcher with the one wheel, and it being sold at a lower price. like, hearing someone asking $1500 for a skateboard with a motor on it, vs $1800 for a self-balancing, one wheeled board that doesn't need a remote to control it, but your body movements?? let's be real, the latter sounds much more impressive. and hell it's even more impressive now with the pint for $950 at base