Ski-Z Shark Tank Update

Ski-Z Shark Tank Pitch

Nick Palermo and Kyle Allen appeared on Shark Tank Season 10, Episode 7, which aired on December 1, 2018, with caddy for easily pushing skies.

Ski-Z is listed in the Fitness Outdoors category. In plain terms, the business is described as caddy for easily pushing skies.

Ski-Z asked the Sharks for $50,000 for 15%, implying a valuation of about $333,333.333.

On the show, Ski-Z made a listed deal with Barbara Corcoran for $50,000 for 15%.

If treated as straight equity, the listed deal works out to about $333,333.333 implied valuation, roughly the same implied valuation as the ask.

This pitch is included as context for the more important question: what happened after Shark Tank.

Ski-Z After Shark Tank

Ski-Z accepted an on-air Shark Tank deal for $50,000 for 15%, and later updates say the deal closed. (Ski-Z Shark Tank Update

In the years since they aired, neither man made SkiZ a full time endeavor. (Ski-Z Shark Tank Update

Nick continued to sell real estate in Colorado and Kyle continued to run his other business, Global Vessel and Tank. (Ski-Z Shark Tank Update

By August 2023, update sources put annual revenue around $200,000. (Ski-Z Shark Tank Update

The current brand site points customers to skigearco.com. (Ski-Z website

Sources

Sources used for this page: Shark Tank API pitches