Many people only dream to pitch their product or business ideas on the hit TV show “Shark Tank”. For one Lafayette man, his dream became reality on Sunday night.
“It’s so surreal.”
Kyle Allen and his business partner started Ski-Z as a solution to a problem in 2011. While Allen and his family were vacationing in Colorado, he was constantly dragging the skis up the mountain for his family. After some research he realized there was nothing out there to solve this problem so he decided to create a solution.
“That’s when the idea hit me,” said Kyle Allen.
He joined hands with a local ski instructor, real estate agent and friend Nick Palermo, to create Ski-Z BY Ski Junk.
A few years after the patent went through and they started marketing, Kyle and his wife discussed possibly going on the show, “Shark Tank”. They realized that there were auditions in Colorado while they were in town.
They quickly prepared for the pitch and got a plan together.
“When we went in, they told everyone they had the whole season picked already but go ahead and it was something they liked hey would call you next year.”
The rest is history. Just a few days later they were flown out to California to tape their episode. Kyle says they weren’t even sure if it would air. They were told about two weeks before the air date that their pitch was going to be on TV.
“We knew we made a deal on September 15th in California, but they tell you only 15% of those panelists who get deals on the show actually get the deals finalized and we did! It was 5 months of very very hard work.”
The episode aired on Sunday, December 2nd on ABC’s “Shark Tank” which led to a deal with Barbara Corcoran.
“We’re very excited and she’s very committed to this. Barbara was calling us after the show last night and congratulating us. This is a lot of great stuff happening,” said Allan, “Shes very committed to this!”
Allen says he plans on eventually making this his full time career. The Ski Junk brand will branch out into all kinds of ski equipment and tools. He also said they plan to eventually get into water ski equipment as well.