This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

UMD Business Model Challenge Winner Launches First Crowdfunding Campaign, Raises $10,000 In One Week

Shield Boards LLC Set to Raise $25,000 Through Kickstarter to Help Fund the Mass Production of Wheel Shields

COLLEGE PARK, Md., Aug. 19, 2013 /PRNewswire-USNewswire/ -- Chase Kaczmarek, a senior at the University of Maryland and founder of Shield Boards LLC, launched a Kickstarter campaign on August 5 to fund production of his company's product, Wheel Shields, which eliminates a safety problem called "wheel bite" in skateboarding and longboarding. In just one week on Kickstarter, the company raised over $10,000.

(Logo: http://photos.prnewswire.com/prnh/20101005/MTECHLOGO)

This year's first-place and $8,000 winner in the 2013 University of Maryland Business Model Challenge, Shield Boards LLC is hoping to raise $25,000 by September 4 to purchase a die cast mold needed to mass-produce and market the company's injury-reducing skate and longboard accessory, Wheel Shields.

Wheel Shields are rounded covers for skateboard or longboard wheels intended to eliminate the problem of "wheel bite." This phenomenon occurs during a hard turn when the bottom of the board comes in contact with the top of the wheels, causing the wheels to stop abruptly. This sudden change in speed throws riders to the ground, increasing their risk of injury.

After suffering from the effects of wheel bite a year ago, Kaczmarek set forth to develop a solution to the seemingly unavoidable problem.

"After experiencing wheel bite first-hand, I was surprised to find that there were no solutions for this problem on the market," said Kaczmarek. "I began brainstorming ideas to eliminate wheel bite and improve the overall safety of skaters world-wide."

One year and 20 prototypes later, Wheel Shields are coming to fruition. The patented technology is made from aircraft aluminum, an extremely durable material, and is compatible with most longboard or skateboard wheels under 75mm. A set of four shields weighs less than one pound.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,677.90 +216.58 1.32%
S&P 500 1,950.82 +23.71 1.23%
NASDAQ 4,452.7920 +69.9450 1.60%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs