Skyride is a personally powered roller coaster type ride intended to be used for fitness. Scotty Olson claims his previous invention is roller blades and that the bicycle in the sky is a continuation of his designs.
Scotty has no sales for SkyRide and over half a million dollars investment. He thinks residences could buy the exercise equipment. He has several angles from Ski Resorts to fitness centers. The problem is that he needs to target one industry, however, if you look at his website he is targeting multiple marketplaces. The question is, does the company make money or is he doing this as a lifestyle brand?
He walks out claiming that he is looking for an Angel investor, not a Shark. He said he has a Shark with the Roller Blade deal and they cleaned him out of his money.
Skyride Episode Data
- Company: Skyride – Website
- Entrepreneurs: Scotty Olson
- Ask: $3,000,000 for 20% equity
- Episode Season 3 Episode 313
- Companies in this episode:
- Boot Illusions
- Villy Custom
- Show-No – Featured Update
- Mark Cuban
- Daymond John
- Kevin O'Leary
- Barbara Corcoran
- Robert Herjavec
- First Aired: 09/27/2013
- Deal: No Deal
What do the Shark Tank Investors say about Skyride?
- Mark Cuban – believes this is not a business for him because he lacks knowledge in construction management. He is out.
- Daymond John – thinks it is an amazing product, but he would not know what to do with it. He is out.
- Kevin O'Leary – does not believe this idea is a good one. He is out.
- Barbara Corcoran – thinks Scotty has great ambition, but she does not see this working out. She is out.
- Robert Herjavec – says there is no way to scale this business. He is out.
Skyride after Shark Tank
Skyride gained some traction doing installs on cruise ships and resort locations. The company is still offering installs. They have a mobile, an Ultralift, and SkyRide Gravity. They have also added electric assist units.