Chico Guerra and Mason Buechler pitched their electric skate shoes during
If you’re short on time, here’s a quick overview of what happened to ZUUM after
Chico and Mason appeared on
Shark Tank ZUUM Update
- Entrepreneurs: Chico Guerra and Mason Buechler
- Business: Electric self-balancing e-skates
- Ask: $125,000 for 20% equity
- Result: No deal
- Shark: None
ZUUM’s electric skate shoes make an impressive entrance, with the entrepreneurs riding in on their self-balancing footboards. After showing some sick moves, entrepreneurs Chico and Mason eventually invite Robert Herjavec to try them.
Robert has a fun ride, but stopping was a bit of a challenge for him! Unfortunately, that’s where the fun stops for these young businessmen.
ZUUM skate shoes don’t have an inspiring backstory or any real innovation. Instead, ZUUM doesn’t own the skate, they just distribute it.
When the sharks dig deeper, they also find out that they don’t have an exclusive deal with the manufacturer.
This prompts Kevin O’Leary to wonder what stops anyone from ultimately producing the same thing. Meanwhile, the entrepreneurs continue on to admit that anyone could sell these, which is a big red flag for the sharks.
That said, the company has earned $25,000 on Kickstarter to test the market. Additionally, they plan to sell their skate shoes for $299 each, with a $139 manufacturing cost.
Mark Cuban drops out first, saying that he doesn’t see any real plan from these entrepreneurs.
Barbara Corcoran asks what obstacle they have, and after some hesitation, they say that money is their biggest hurdle. Barbara is unsatisfied, stating that money rarely helps when entrepreneurs aren’t passionate, therefore she drops out.
Lori Greiner mentions that Segue has something similar, and the entrepreneurs reply that they do, but it’s sold at a higher price point. This isn’t enough justification for Lori, and she also drops out.
Kevin goes the same way, saying that it bothers him that ZUUM doesn’t own anything, or have anything above the competition.
At this point, only Robert remains. After some waffling, he gives them the bottom line – he doesn’t trust them with his money. He is ultimately the last shark to go out.
With this, ZUUM walks out of the
Keep reading our ZUUM update to find out what happened following the show!
We have interesting news to share in our ZUUM update. While the company is still in business, but there isn’t much information available on its revenue.
Unfortunately, the company doesn’t seem to be doing much better than they were on
Additionally, it appears that they haven’t expanded their products yet, because only one type of skate shoe is available.
Further, similar products are available on Amazon without the branding. This implies that ZUUM had some trouble branding itself successfully.
If we get any more news on a ZUUM update, we will let you know!
If we find out anything new about ZUUM, we’ll be sure to let you know. In the meantime, check out our other company updates from Season 11, Episode 10 here:
For even more on companies and products, be sure to stop by our Season 11 products page!
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!