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Ski-Z Ski Carrier Update | Shark Tank Season 10

Entrepreneurs Nick Palermo, and Kyle Allen, pitched their ski company during Shark Tank Season 10. Ski-Z essentially makes caddies for ski’s and other heavy ski equipment. Before we shift focus to the Ski-Z update to see how the company is doing in the present day, let’s see whether or not Kyle and Nick were able to lock up a deal with any of the sharks.

If you’re short on time, here’s a quick overview of what happened to Ski-Z after Shark Tank!

Nick Palermo and Kyle Allen appeared on Shark Tank Season 10, and ultimately made a deal with Barbara Corcoran. She gave them $50,000 for 15% equity, exactly what they asked for. In terms of a Ski-Z update, the product is available for purchase on Amazon, but the company website is down. All signs are unfortunately pointing to the company being out of business. 

Shark: Result:
Barbara Corcoran Accepted deal for $50,000 for 15% equity
Kevin O’Leary No offer
Daymond John No offer
Lori Greiner  No offer
Mark Cuban No offer

Shark Tank Ski-Z Update

Ski-Z update

  • Entrepreneurs:  Nick Palermo and Kyle Allen
  • Business: Ski caddy wheel
  • Ask: $50,000 for 15% equity
  • Result: $50,000 for 15% equity
  • Sharks: Barbara Corcoran

Founders of Ski-Z, Nick Palermo, and Kyle Allen, brought their ski caddy company to Shark Tank Season 10. Their caddy is basically a wheel that attaches to the skis, and equipment, which makes transport a much easier task.

Ski-Z Ski Carrier
  • 22" x 1" strap VELCRO(R) brand hook and loop fastener
  • ABEC precision bearing is low-temperature resistant
We earn a commission if you make a purchase, at no additional cost to you.

Kyle actually invented the caddy, and it’s so handy that it fits in your pocket between uses, while on the slopes. You simply attach the Ski-Z to the front of the skis with a velcro strap.

The wheel then allows you to roll your skis, rather than have to carry them everywhere, and they can certainly get heavy after a while.

Nick adds that he’s been in the ski industry for 35 years, and has never actually seen any product that can make hauling skis around, as easy as Ski-Z. And incase you’re wondering, it rolls in snow, just as well as it rolls on a paved surface.

After their pitch, Nick and Kyle told the sharks about their company’s utility patent for their Ski-Z caddy product. They also quickly told the sharks that it cost them less than $4 to manufacture a single unit, while they were able to sell them to customers for $20 per unit.

In 2013, they had gross revenue greater than $200,000, but completely plunged in 2014 due to Nick’s personal fight with prostate cancer. Thankfully, he’s now cancer free.

Then, Kyle shares that in 2013, he came home one day, and was totally blindsided by a divorce. However, after bringing the product back to the market in 2018, Kyle and Nick told the sharks that they had projections of generating more than $500,000 in gross revenue sales.

Now that business is going well, the business partners are in talks with a distributer, and have around $350,000 in inventory. Mark Cuban asks how they came up with that money, and Kyle says that he ultimately had to mortgage his home.

In terms of partnership, Nick owns 25% equity, and Kyle’s current wife owns another 25% equity. The rest of the ownership belongs to Kyle.

Barbara Corcoran was the first shark to make an offer to Nick and Kyle. She ultimately offered $50,000 for 15% equity, exactly what the duo was asking for when they originally came into the tank.

After a short while, Nick and Kyle finally accepted the deal, after huddling and whispering for a period of time.

Did the guys manage to succeed following their time on Shark Tank? Keep reading our Ski-Z update to find out!

It’s certainly a rarity to see a company and its entrepreneurs get exactly what they’re asking for when coming onto Shark Tank, but Nick and Kyle managed to secure a deal. Now let’s take a look at the Ski-Z update to see how the company is doing after Shark Tank.

In our Ski-Z update research, we found that the deal with Barbara did eventually close. The company went on for a few years generating hundreds of thousands of dollars on an annual basis.

However, although recent reports say the company is still going strong, we found signs to disprove this. Firstly, the company website is down.

While the product is still available on Amazon, there aren’t really any other signs of life for Ski-Z. Finally, we couldn’t locate any social media accounts, or news of why the company is seemingly out of business.

Nevertheless, this will be our final Ski-Z update.

You can find the other company updates from Season 10 here:

For even more on companies and products, be sure to stop by our Season 10 products page!

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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!