Tngnt Ski Bikes
DealSki Bikes
Tngnt Ski Bikes is a ski bikes that got its big break on Shark Tank in Season 14, and convinced Robert Herjavec to invest.
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From the show
The Shark Tank pitch
- $200K
- Asked for
- 20%
- Offered equity
- $1M
- Sought valuation
- $200K
- Deal amount
- 40%
- Deal equity
- $500K
- Deal valuation
Founder Scott Carr and Bill Pierce stepped onto the carpet in Season 14, Episode 17 in the episode that aired March 17, 2023. Tngnt Ski Bikes, the ski bikes, pitched in the Automotive category, one of 17 automotive businesses to brave the Tank across all 17 seasons.
The ask was $200,000 for 20% of the company, an implied valuation of $1M.
Robert Herjavec made the deal at $200,000 for 40% equity. That priced the company at $500K, a haircut from the $1M the founders walked in asking for, which is how negotiations in the Tank usually go.
Season 14 saw 87 pitches, and 62 of them closed a deal on air. In the Automotive category overall, roughly 76% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Tngnt Ski Bikes?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Tngnt Ski Bikes get a deal on Shark Tank?
Yes. Tngnt Ski Bikes closed a deal for $200,000 in exchange for 40% equity, with Robert Herjavec.
Which shark invested in Tngnt Ski Bikes?
Robert Herjavec invested in Tngnt Ski Bikes ($200,000 total as aired).
What season of Shark Tank was Tngnt Ski Bikes on?
Tngnt Ski Bikes appeared in Season 14, Episode 17, which aired March 17, 2023.
How much was Tngnt Ski Bikes asking for on Shark Tank?
The founders asked for $200,000 for 20% of the company, a $1M valuation.
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