GolfKicks Shark Tank Update

GolfKicks Shark Tank Pitch

Tyler Stuart and John Krosky appeared on Shark Tank Season 11, Episode 5, which aired on October 27, 2019, with turns ordinary sneakers or rubber-soled shoes into golf shoes.

GolfKicks is listed in the Clothing Fashion category. In plain terms, the business is described as turns ordinary sneakers or rubber-soled shoes into golf shoes.

GolfKicks asked the Sharks for $300,000 for 8%, implying a valuation of about $3.8 million.

On the show, GolfKicks made a listed deal with Mark Cuban for $300,000 for 13%.

If treated as straight equity, the listed deal works out to about $2.3 million implied valuation, down from the original $3.8 million implied valuation.

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

GolfKicks After Shark Tank

GolfKicks accepted an on-air Shark Tank deal for $300,000 for 13%, but follow-up reporting says the deal did not close after filming. (GolfKicks Shark Tank Update

By June, 2022, update sources put GolfKicks annual revenue around $4 million. (GolfKicks Shark Tank Update

The company did raise other funds to hep their growth; the company got 2 seed round investments totaling $550,000 in 2018 and 2020 respectively. (GolfKicks Shark Tank Update

The company is up and running and now successfully selling on Amazon. (GolfKicks Shark Tank Update

The current brand site points customers to golfkicks.com. (GolfKicks website

Sources

Sources used for this page: Shark Tank API pitches