KaZAM Bikes on Shark Tank
Bikes Without Training Wheels - Season 4 - Episode 425
I can still remember like it was yesterday when my training wheels came off for the first time and I was finally riding my bike on my own. All the way down the driveway and then Crash, right into the mailbox. OUCH. I had the will to learn but trying to balance that bike for the first time ended up sending me to the hospital for a few stitches and a scar I still have to this day. Had Mary Beth Lugo invented her version of the balancing bike that teaches kids to ride without training wheels, that not so good experience would of never happened
Due to the very nature of why the KaZAM Bike was even built for kids learning to ride these bike's are made extremly good. The all medal frame with inflated tires will have just about any three to six year old riding in no time. Sure there is actually a fair amount of balancing bikes on the market, but the KaZAM Bike is the only one with the patented foot rest designed for perfect balance instead of dragging your feet like a lot of the competitions. I found one with foot pegs but it looks like a real shin buster if your not careful.
KaZAM Bikes Before the Shark Tank
When it comes to balancing bikes for kids the KaZAM Bikes are at the top of the list (period). This is a well established company with several major outlets already caryying this Brand all around the country. In fact they have proven so popular with kids in the U.S., the KaZAM Bikes are now sold in Japan, Singapore, United Kingdom, Europe, Canada and Austrailia. Kids all around the world are now learning to ride bikes with no training wheels using the KaZAM Bike system.
With such an established successful business that seems to have global expansion already in place, it makes you wonder what the Sharks could bring to the table and make this an even a more successful Brand. For Mary Beth Lugo to give up a sizable equity stake in the company, the Sharks are going to have to come up with a rather lage check to make this deal happen. It certainly will be an interesting set of negotiations dealing with an already very successful established brand.
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