Golfkicks Cleats Update | Shark Tank Season 11
Ever get tired of wearing uncomfortable, hideous shoes to golf? Tyler Stuart and John Krosky found a solution. Their shoes can make golfing stylish again! The company has a promising start, but will the sharks bite during the
If you’re short on time, here’s a quick overview of what happened to Golfkicks after
Golfkicks appeared on
| Shark: | Result: |
| Mark Cuban | Accepted deal of $300,000 for 13% equity |
| Lori Greiner | $300,000 as a loan at 8% interest, plus a $1/unit royalty until $300,000 is paid back |
| Daymond John | No Offer |
| Kevin O’Leary | No Offer |
| Matt Higgins | No Offer |
Shark Tank Golfkicks Update
- Entrepreneurs: Tyler Stuart and John Krosky
- Business: Golf cleats that can be installed on any shoe
- Ask: $300,000 for 8% equity
- Result: $300,000 for 13% equity
- Shark: Mark Cuban
Tyler and John brought Golfkicks to
Turn your favorite kicks into high-performance golf shoes with ease. Golfkicks innovative cleats unleash your style on the course while maintaining ultimate traction.
It’s a product that Tyler and John believe in, and for good reason! They started the company because of their own frustration with uncomfortable golf shoes.
Golfkicks are basically anchors that screw into the bottom of any shoe with a rubber sole. The kit also includes everything you need to turn your favorite kicks into golf shoes.
The great news? The first version of Golfkicks has actually sold out, so Tyler and John are looking for investors to accelerate the process of refining their product.
They’ve done $120,000 in sales in just three months. This blows the sharks away and gives some support to the hefty valuation.
A kit retails for $29 and costs the company $5 to manufacture, making for great margins.
However, Daymond John and guest shark Matt Higgins are out despite the value of the company, simply because they don’t golf. They agree that the company deserves investors who are passionate about their product.
Kevin O’Leary doesn’t see the valuation as being accurate or viable, so he is out as well.
This leaves Lori Greiner and Mark Cuban.
Lori offers Tyler and John $300,000 as a loan at 8% interest, plus a $1/unit royalty until they pay back $300,000. She ultimately justifies this by saying it will mitigate her risk.
On the other hand, Mark doesn’t really see the need for royalties and actually wants to expand the business into youth sports. Despite Lori’s best efforts (and a raise on royalties to $2/unit), Tyler and John ultimately accepted Mark’s offer of $300,000 for 13% equity.
Is this a good deal for Mark? Let’s find out in our Golfkicks update.
We have good news to share in our Golfkicks update. In 2023, Golfkicks has an annual revenue of around $4 million and has become an Amazon’s Choice product.
In September 2021, Golfkicks raised over $130,000 in funding via Republic to help expand its production overseas and create new products.
During an email interview with
He also shared that they’ve managed to get into golf shops and have pros wearing them on the PGA, LPGA, and Champions Tour. Additionally, Tyler says that working with Mark has been great, saying, “Mark and his team were super cool to work with and helped ground us from a new, wild idea to a functioning business.”
Besides Amazon, the product is also available on the Golfkicks website, and it’s available in several color options. There you will also find all the Golfkicks swag that your golf-loving heart could desire.
It’s always great to see
In the meantime, be sure to take a look at our other company updates from Season 11 Episode 5, before you go!
For even more on companies and products, be sure to stop by our Season 11 products page.
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Kimberly is a writer for Shark Tank Recap. She has written episode summaries and updates across multiple seasons of Shark Tank, with a focus on complete and accurate information since 2021. She believes that getting the business aspects of each deal correct is extremely important for viewers and fans. Her favorite Shark Tank products are The Wobbles and Rocketbook!