Jim Loughran faced an issue. The ice rinks he created for his children thawed far too quickly each winter. He sought a greater answer. Thus he developed PolyGlide. This item is an artificial ice system. It functions both inside and outside. It is not necessary for cold weather. The panels are sleek and resistant to the elements. They fit together effortlessly to create a skating area.
You can make your rink in any dimension. Jim appeared on Shark Tank during Season 8. He was seeking $150,000 for 20% ownership of his business. Will the entrepreneur get a deal on Shark Tank? Check out the PolyGlide update!
PolyGlide Net Worth Shark Tank Update 2025
Jim Loughran asked for a $150,000 investment in exchange for 20% equity in his company. This meant he valued his company at $750,000. He did not secure a deal with any of the Sharks. After the show aired, PolyGlide saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of PolyGlide is about $1.2 million.
Jim did not secure a deal on Shark Tank. However, PolyGlide continued to expand. The company currently offers more than just ice panels. They provide hockey training equipment and curling surfaces. PolyGlide generates approximately $1 million annually. Clients appreciate PolyGlide for its excellence and ease of use.
The panels are available for purchase on the company’s website and Amazon. The site is easy to use and provides customization features. Customers have the option to add panels to gradually expand their rinks. PolyGlide is a success narrative that keeps expanding.
Jim requested $150,000 for a 20% stake in PolyGlide. The Sharks appreciated the concept but felt uncertain. They believed the product was priced too high for the majority of consumers. They believed the market was limited and highly competitive. Jim did not secure an agreement. Every Shark was successful. Despite this PolyGlide achieved success via determination and creativity.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Lori Greiner | Out | N/A | N/A |
| Barbara Corcoran | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
PolyGlide shark tank pitch
Jim enjoyed winter activities. He desired to share this affection with his children. However, ice rinks thawed earlier than expected. Constructing them was labor-intensive and took a lot of time. Jim sought an improved method to incorporate skating into households. He conceived the idea for synthetic ice after studying materials that could replicate authentic ice. He toiled diligently to bring the concept to life.
The item needed to resemble authentic ice and be simple to assemble. Jim evaluated various materials to guarantee optimal performance. He ensured it was secure and long-lasting for families to utilize. The initial period was challenging. Jim encountered financial issues and had difficulty getting the message out. Promoting the brand was difficult due to a limited budget. Nevertheless, he continued pursuing it since he had faith in his concept.
Jim aimed for a straightforward objective: allow families to experience skating whenever and wherever. His perseverance and commitment ultimately bore fruit.
Jim entered the Shark Tank with a distinct plan in mind. He shared his narrative with the Sharks and described the motivation for PolyGlide. He demonstrated how the panels functioned. They connect effortlessly without requiring tools or specific skills. The panels can be utilized both inside and outside. A family showcased the product in real-time during the broadcast.
They competed in hockey on the artificial ice. The Sharks were intrigued but had inquiries. Jim detailed his business model thoroughly. He sought $150,000 for a 20% stake in the company to boost production and marketing efforts. He thought that with the proper investment, PolyGlide could connect with more customers. The Sharks posed challenging questions and Jim responded to each of them with composure. Nonetheless, they remained unsure about the product’s scalability and potential in the market.
The Sharks were curious about PolyGlide. Barbara inquired about who the intended customers were. She was curious if families would genuinely utilize the product at home. She was also concerned about safety questioning what would occur if a window shattered close to the rink. Robert mentioned that he had encountered similar products in the past. Jim swiftly clarified what made PolyGlide unique.
It provided self-lubricating panels that needed no extra upkeep. Lori inquired about the sales figures. Jim proudly announced that the company had made $1.3 million in three years. He estimated sales to be $400,000 this year. Mark Cuban inquired about the price of the product. Jim stated that every panel was priced at $65.95. A regulation-sized rink similar to the one shown on stage would be priced at approximately $4200.
Mark believed this was too costly for the majority of families. Jim explained that the majority of customers purchased smaller rinks for personal purposes. He highlighted that PolyGlide was ideal for both recreational skaters and competitive athletes. Even with Jim’s clarifications, the Sharks remained uncertain about the product’s attractiveness and cost.
The Sharks provided their input individually. Barbara mentioned that Jim appeared to lack sufficient enthusiasm during his pitch. She desired to witness greater enthusiasm and vigor. She declined the offer. Mark mentioned that Jim should enhance his sales approach and presentation abilities. He also succeeded. Lori mentioned that the product was crafted well but not appropriate for a wide consumer base.
She also stepped out. Kevin O’Leary stated that the business wouldn’t expand sufficiently to justify his investment. He succeeded. Robert mentioned that the synthetic ice market had an excess of competitors. He didn’t think PolyGlide was prominent enough to be successful. He also passed. With all the Sharks gone Jim departed without securing a deal. Nonetheless, he remained positive. He understood that his product had promise and was resolved to develop PolyGlide independently.
What Went Wrong With PolyGlide On Shark Tank?
The Sharks chose not to invest in PolyGlide for various reasons. Initially, the cost of the product was a significant issue. For $65.95 for each pane, the expense was excessive for numerous families. Secondly,y the market for synthetic ice was regarded as limited and specialized. Sharks thought that too few individuals would purchase the product to ensure it became a major success.
Third Jim’s enthusiasm throughout the presentation was minimal. The Sharks desired to witness greater enthusiasm and assurance. Fourth there was intense rivalry in the market. Sharks believed that PolyGlide lacked distinctive features to differentiate itself. Ultimately the Sharks were concerned about the company’s potential for growth. They were hoping for increased sales figures and a more defined route to expand the business. These elements collectively hindered Jim from finalizing an agreement.
Product Availability
PolyGlide can be easily found on the internet. Customers can buy the panels via the company’s official site and on Amazon. The panels are simple to install and need no specialized tools. They are self-lubricating indicating that no extra maintenance is required. This makes them ideal for use throughout the year. The cost begins at $289 for a collection of four panels. Clients can purchase extra panels to enlarge their rinks when required.
PolyGlide provides additional items including hockey practice equipment and curling surfaces. The item is secure, long-lasting, and appropriate for all age groups. It is perfect for families, sportspeople,e and skating lovers. The organization’s website offers comprehensive details and personalization choices. Clients have the option to customize their rinks to accommodate their requirements and available space. PolyGlide allows anyone to easily enjoy skating at any time and in any location.
Conclusion
PolyGlide’s Shark Tank journey was challenging. Jim did not get a deal but he did not give up. The company grew significantly after the show. PolyGlide now earns $1 million annually and continues to expand its product offerings. Customers love the quality and convenience of the panels. Jim’s hard work and dedication turned his idea into a thriving business.
The future looks bright for PolyGlide. Families and athletes can enjoy skating year-round without needing ice or cold weather.
Hey there, I’m Fatima Muhammad, an International Relations student, with a focus on the strategic dynamics of global relations, One of my favorite shows is Shark Tank. I love it because it showcases the creativity, determination, and strategic thinking of entrepreneurs, which I find inspiring. The show also teaches valuable lessons about innovation, business dynamics, and the importance of perseverance in the face of challenges. Read more About me.
