According to skier Peter Arlein, most ski wax is made from petroleum- the same fossil fuel used to make gasoline and diesel. Because of this, he set out to create a more eco-friendly wax. Will he ski away with a deal on
If you’re short on time, here’s a quick overview of what happened to MountainFlow after
MountainFlow appeared on
|Barbara Corcoran and Kevin O’Leary||$300,000 for 20% equity|
|Daymond John||$250,000 for 25% equity|
|Barbara Corcoran||No Offer|
|Mark Cuban||No Offer|
Shark Tank MountainFlow Update
- Entrepreneur: Peter Arlein
- Business: Eco-friendly ski wax
- Ask: $250,000 for 10% equity
- Result: $300,000 for 20% equity
- Shark: Kevin O’Leary and Barbara Corcoran
MountainFlow Eco-wax is designed to be eco-friendly and rid the slopes of other waxes made from petroleum. Peter managed to create a line of plant-based wax that is easy to apply on the go and better for the environment.
Our Hot Wax and Quick Wax are made entirely from plant-based products. Whereas most ski wax is made from petroleum, created as a by-product of the oil refining process, our wax contains 0% petroleum.
Peter shared that the eco-friendly wax is important because while you’re skiing, the snow crystals are pulling wax off your ski. If your wax isn’t eco-friendly, then you’re putting harmful things into the environment.
Currently, it costs $2.50 to make the wax and it retails for around $16.
Last year, Peter did $150,000 in sales and is projecting $750,000 in sales over the next 12 months due to a new product and taking the brand international.
He also shared with the sharks that he has built up an elite group of skiers to help promote the product and has managed to earn $150,000 in sales over the 12 months prior to filming.
Lori Greiner and Mark Cuban shared that neither of them were much of a skier and didn’t feel like they would be a good partner and dropped out.
Luckily, a couple of the sharks are skiers. Kevin O’Leary and Barbara Corcoran were both interested.
Barbara offered $250,000 for 20% equity and Kevin offered $250,000 for 15% equity. However, they quickly decided to join forces and offer $250,000 for 20% together.
Meanwhile, Daymond John was also interested and offered $250,000 for 25% equity. He shared that he was hoping to get his friend and professional skier Lindsey Vonn on board.
Following some back and forth, Kevin and Barbara agreed on a deal of $300,000 for 20% equity.
Keep reading our MountainFlow update to find out what happened after the tank!
In terms of a MountainFlow update, we’re happy to share that the company is still in business! We’re even happier to report that they have an estimated net worth of $3 million!
Since their time on
Be sure to check out all their gear on Amazon, and the MountainFlow Eco-wax website!
For more product updates from Season 12 Episode 12, be sure to check out the links below.
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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!