Magnetic Ski Poles
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In the world of skiing, innovation is key to enhancing performance and convenience on the slopes. One such innovative product that has caught the attention of both skiing enthusiasts and investors is Yardsale Shark Tank Magnetic Ski Poles. Featured on the popular TV show “Shark Tank,” these ski poles have introduced a unique solution to a common problem faced by skiers.
Skiing is a sport that requires precision, balance, and coordination. Traditional ski poles, while essential for maintaining balance and rhythm, often pose challenges for skiers. One of the most common issues is the inconvenience of managing ski poles when not in use. Whether on a ski lift or taking a break, skiers often struggle with where to place their poles, leading to potential loss or damage. Additionally, traditional ski poles can be cumbersome to carry and store, especially for those who enjoy backcountry skiing or need to transport their gear frequently.
Yardsale’s Magnetic Ski Poles offer a revolutionary solution to the challenges posed by traditional ski poles. These poles are equipped with powerful magnets that allow them to attach securely to each other or to any magnetic surface. This innovative feature provides skiers with a convenient way to manage their poles when not in use, reducing the risk of loss or damage. The magnetic connection is strong enough to hold the poles together during transport, yet easy to detach when needed.
Yardsale’s Magnetic Ski Poles gained significant attention after being featured on “Shark Tank,” where entrepreneurs pitch their products to a panel of investors. The innovative design and practical application of the ski poles impressed the sharks, leading to a successful pitch and investment. This exposure not only provided financial backing but also increased the product’s visibility in the market, attracting a broader audience of skiing enthusiasts.
Season and Episode |
Season 16, Episode 3 |
Air Date |
November 1, 2024 |
Entrepreneurs |
Kelly McGee and Cristina Ashbaugh |
Product |
Magnetic ski poles designed for recreational skiers, featuring a patented magnetic design for skiing and hiking poles. |
Investment Sought |
$200,000 |
Equity Offered |
10% |
Initial Sales |
$220,000 |
Retail Plans |
Currently sell on their website, but plan to expand to major retailers with REI, Backcountry, and Decathlon expressing interest. |
Shark Reactions |
The sharks did not express interest in skiing and did not have a passion for the product. |
Bidding War |
Kevin O’Leary offered $200,000 for 20% equity and Shark Tank Kendra Scott offered $200,000 for 20% equity and a $3 per unit royalty until she recoups her investment. |
Final Deal |
After negotiation Kendra Scott offered $250,000 for 10% equity plus a $5 royalty per unit sold until $300,000 is repaid which was accepted. |
*After the filming of a Shark Tank episode, investments are subject to thorough audits and evaluations. During this time period, the terms of the investment can be altered or canceled by either party. As a result, the deals presented on the show may not always come to fruition for various reasons. This site does not guarantee the accuracy of any final investment figures.
1. Magnetic Technology: The core feature of these ski poles is the integrated magnetic system, which allows for easy attachment and detachment. This technology is designed to withstand the rigors of skiing while providing a secure hold.
2. Lightweight and Durable: Made from high-quality materials, Yardsale’s ski poles are both lightweight and durable, ensuring they can withstand the demands of various skiing conditions.
3. Ergonomic Design: The poles feature an ergonomic grip, providing comfort and reducing hand fatigue during long skiing sessions.
4. Adjustable Length: To accommodate skiers of different heights and preferences, the poles are adjustable, allowing for a customized fit.
5. Stylish Appearance: Available in a range of colors and designs, these ski poles not only offer functionality but also add a touch of style to a skier’s gear.
– Convenience: The magnetic feature simplifies the process of managing ski poles, making it easier for skiers to focus on their performance rather than their equipment.
– Safety: By reducing the risk of losing poles, skiers can avoid potential accidents or disruptions on the slopes.
– Versatility: Suitable for both recreational and professional skiers, these poles cater to a wide range of skiing activities and environments.
– Enhanced Experience: With less hassle and more focus on skiing, users can enjoy a more seamless and enjoyable experience on the slopes.
