What is Ski-Z and what problem does it solve? Ski-Z is a wheel caddy for skis that makes it easier to transport them. It was invented by Kyle Allen, who was tired of hauling skis for his family. Ski-Z attaches to the skis and allows you to roll them instead of carrying them, making it more convenient for skiers.
Summary
- Ski-Z is a ski caddy invented by Kyle Allen.
- It was featured on Shark Tank Season 10, where the founders secured a deal with Barbara Corcoran for $50,000 for 15% equity.
- The product makes it easier to transport skis by attaching a wheel to them.
- Despite initial success and the deal with Corcoran, the company appears to be out of business, with its website down and no recent updates.
Ski-Z Shark Tank Update | Shark Tank Season 10
Lugging heavy skis is a hassle. But fear not, fellow skiers, for there’s a solution to this age-old problem: Ski-Z.
This innovative invention is here to revolutionize the way you transport your skis, making your winter adventures smoother and more enjoyable than ever before.
Ski-Z: A Solution for Tired Skiers
1. The Invention and Its Purpose
Ski-Z was born from the frustration of an avid skier named Kyle Allen. Tired of hauling heavy skis for his family, he set out to find a better way.
His solution? A simple, yet ingenious device that transforms how you transport your skis. Ski-Z is designed to eliminate the strain and hassle of carrying your skis, allowing you to glide effortlessly from the parking lot to the slopes.
2. How Ski-Z Works
Ski-Z is essentially a small, durable wheel with a strap that attaches to your skis. It works like a mini-caddy, allowing you to roll your skis alongside you instead of carrying them.
Just strap it on, and you’re good to go! When you’re ready to hit the powder, Ski-Z is compact enough to slip into your pocket. It’s that easy.
Ski-Z on Shark Tank Season 10
1. The Pitch and the Ask
Nick Palermo and Kyle Allen, the creators of Ski-Z, appeared on Season 10 of Shark Tank to seek an investment in their innovative product.
Here’s a breakdown of their pitch and the sharks’ responses:
| Entrepreneurs | Nick Palermo and Kyle Allen |
|---|---|
| Business | Ski-Z (ski caddy) |
| Ask | $50,000 for 15% equity |
| Deal | $50,000 for 15% equity |
| Sharks | Barbara Corcoran |
| Season – Episode | Season 10, Episode 7 |
| Original Air Date | November 11, 2018 |
| Website | Ski-Z |
| Key Points of Pitch |
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| Why Sharks Accepted |
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2. The Deal with Barbara Corcoran
Barbara Corcoran, known for her investments in practical and consumer-friendly products, saw the potential in Ski-Z.
She offered Nick and Kyle the exact amount they were seeking – $50,000 for 15% equity in their company.
The entrepreneurs were thrilled to accept her offer, recognizing the value of her expertise and network in growing their business.
Ski-Z Update: Where Are They Now?
1. Initial Success and Projections
After securing the deal with Barbara Corcoran, things initially looked promising for Ski-Z.
The company reportedly fulfilled its orders with Amazon and generated hundreds of thousands of dollars in annual revenue.
This success seemed to align with the founders’ optimistic sales projections during their Shark Tank pitch.
2. Signs of Trouble: Website and Social Media
However, despite the initial success, there are signs that Ski-Z may have hit some bumps in the road.
The company’s website is currently down, making it difficult for potential customers to learn more about the product or make a purchase directly.
Additionally, the company’s social media presence seems to be non-existent, which is unusual for a business trying to reach a wider audience.
3. Current Status and Future Outlook
While Ski-Z products can still be found on Amazon, the lack of a functioning website and social media presence raises questions about the company’s current status.
It’s possible that they are facing challenges in terms of marketing, distribution, or overall management.
Without more information from the company, it’s difficult to say what the future holds for Ski-Z. It remains to be seen whether they can overcome these challenges and regain their momentum in the competitive ski equipment market.
FAQs
Is Ski-Z still in business?
While Ski-Z products are still available for purchase on Amazon, the company website is currently down and there is no active social media presence. This makes it difficult to definitively say whether the company is still operating.
Where can I buy Ski-Z?
Currently, the most reliable place to purchase Ski-Z is on Amazon.
How much does Ski-Z cost?
Prices may vary depending on the retailer and any current sales, but Ski-Z generally retails for around $20-$25.
What are the benefits of using Ski-Z?
Ski-Z eliminates the need to carry heavy skis, making it easier and more convenient to transport them from the parking lot to the slopes. This can be especially helpful for children, older adults, or anyone with physical limitations.
The Bottom Line
Ski-Z presented a simple yet effective solution to a common problem faced by skiers. The product’s ingenuity and initial success demonstrated its potential to make a real impact in the market. However, the company’s current online presence raises questions about its long-term viability.
Whether Ski-Z can overcome these challenges and re-emerge as a thriving business remains to be seen. In the meantime, skiers looking for a convenient way to transport their gear might still find value in this innovative product.
