It might be quite difficult to carry bulky equipment when skiing. Transporting skis can be cumbersome and heavy, particularly if you have to walk a considerable distance to reach the slopes. Many people find it difficult to balance managing their equipment while attempting to have fun on the mountain.
Here’s where Ski-Z can help. The purpose of Ski-Z is to facilitate the transportation of skiers’ equipment. Nick Palermo and Kyle Allen, the company’s creators, created a special caddy that fastens to skis so that skiers can roll their gear rather than carrying it. The goal of this practical approach is to lessen the strain of moving skis and other bulky equipment.
During their Shark Tank Season 10 pitch, Nick and Kyle requested $50,000 in exchange for 15% of their company. Did the entrepreneur get a deal on Shark Tank? Check out our SKI-Z update to find out!
SKI-Z Net Worth Shark Tank Update 2025
Nick Palermo and Kyle Allen asked for a $50,000 investment in exchange for 15% equity in their company. This meant they valued their company at $333,000. They made a deal with Barbara for $50,000 in exchange for 15% of their company, keeping the original valuation at $333,000. After the show aired, Ski-Z 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 Ski-Z is about $532,000.
As for the SKI-Z update, at first, Ski-Z appeared to be doing well after appearing on Shark Tank. For a while, the business was making solid sales after closing the transaction with Barbara Corcoran. They were reportedly earning hundreds of thousands of dollars annually. As time went on, though, things changed. The Ski-Z website is no longer operational as of today, and although their product is still sold on Amazon, there are no indications that the company is still in operation.
There don’t seem to be any marketing outlets or social media accounts. Regretfully, the business might go out of business.
Yes, On Shark Tank, Ski-Z did really land a contract! They got exactly what they wanted when Barbara Corcoran handed them $50,000 in exchange for 15% of the business. For Nick and Kyle, this was a huge accomplishment because they received the funding they required to expand their company. During the pitch, Mark Cuban, Lori Greiner, Daymond John, and Kevin O’Leary were among the other sharks who made no bids.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Barbara Corcoran | $50,000 for 15% equity | N/A | Yes |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | $50,000 for 20% equity | N/A | No |
| Mark Cuban | Out | N/A | N/A |
SKI-Z Shark Tank pitch
Nick Palermo and Kyle Allen, who recognized the difficulties associated with moving ski equipment, found ski-Z. Nick had worked in the ski industry for over 35 years, while Kyle faced personal difficulties such as a challenging divorce and health problems. Their experiences inspired them to create a solution that would increase everyone’s enjoyment of skiing.
They experienced early success in 2013, but obstacles like Nick’s cancer battle hurt their business. In 2018, however, they made a comeback to the market, intending to increase their sales.
Nick and Kyle showed their ground-breaking invention and described its operation as they made their Shark Tank pitch for Ski-Z. By simply fastening the Ski-Z caddy to the front of the skis with a velcro strap, rolling the skis rather than carrying them is made simple. They disclosed that each unit, which they sold for $20, costs them less than $4 to produce.
After talking about their cooperation and inventory, the owners were thrilled with their estimates of making over $500,000. Keep reading our SKI-Z update to see what happens next!
Every shark had inquiries concerning the item:
Barbara Corcoran asked about the cost and price of the product. According to the founders, the cost is $3.5 and they sell it for $19.95.
Kevin O’Leary inquired into their financials and sales. He wanted to know how they calculated the costs of their goods. The founders revealed they did $230,000 in 2013 and zero in 2014 to 2017 because of their personal problems. They are expecting to make $575,000 in 2018.
On Mark’s question on inventory, the founders revealed they have $350,000 worth of inventory.
Kevin asked if they had any patents and how they protected their product with them. The founders replied they had a utility patent.
The sharks’ opinions of the product were divided.
Because she thought the product had potential and the inventors were determined, Barbara Corcoran loved the idea and made an offer of $50,000 for 15% equity. She saw a gap in the skiing community that Ski-Z might address.
Daymond John also offered $50,000 for 20% equity.
The other sharks, however, were less intrigued; they either didn’t think the product was strong enough or didn’t think there was enough market potential to make an investment.
In the end, Nick and Kyle agreed to Barbara’s offer, completing the transaction that would enable them to expand their business.
Product Availability
From our SKI-Z update research, by rolling your skis rather than carrying them, Ski-Z is made to make skiing easier. It has a distinctive shape that makes portability and attachment simple. Although the official company website is no longer operational, the product is still available for purchase on Amazon. Although the price was competitive, a lack of marketing and availability has hampered usually around $20 per unit, its exposure in stores and online.
Conclusion
Thanks to Barbara Corcoran’s financing, Ski-Z had a bright future following their Shark Tank participation. But as of right now, it appears like the business might go out of business. There are no current indications of the brand, and the website is unavailable. The highs and lows that many entrepreneurs experience are reflected in this trip. It emphasizes the significance of constant management and marketing besides having a fantastic product.
It would be interesting to see if the creators of Ski-Z can bring their idea back to life or open up new chances in the skiing sector, thus any updates regarding the company would be greatly appreciated.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
