Friday, February 1

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Sky Ride

Sky Ride Technology on Shark Tank Show

Sky Rider Machine - Shark Tank Season 3 Episode 313 - Update

Seen on the Shark Tank season 4, episode 313
Scott Olsen Inventor of SkyRide Technology
  Scotty Olson is the inventor of the SkyRide Technology that will have you flying above the ground in no time. The Sky Ride is a futuristic form of human transportation powered by you the rider. Olsen is already an accomplished inventor famous for inventing the roller blades 25 years ago and now looks to create yet another form of transportation. To demonstrate the SkyRider, Olsen started the Sky Ride Farm in Waconia, MN. with tracks running throughout the 45 acre property. It's not only fun to ride the Sky Rider but it is an excellent form of exercise because you are essentially the engine that keeps it going. The more energy you put into the Skyride the fast you will zoom around the track.

Scott came into the Shark Tank as confident as anyone with an invention that knows has huge possibilities. The only problem with such a large project is the amount of financing it would take to get the Sky Ride into some of the Ski Resorts and other Tourist destinations that he visions.
Olsen came in asking $3,000,000.00 investment for a 20% stake in the company valuing the SkyRide Technology at $15 million.
All of the Sharks are immediately impressed to find out that Scott Olsen is the inventor of the Roller Blades and want to know how much he has made from that invention. He tries to brush the question off but puts the number well North of $5 million. He has already invested $500k of his own money in this new vision that he's had for over 25 years. Olsen claims that they can build a personalized SkyRide in just about any large backyard so it's not just the resort communities he is targeting for order's.

Ride the Skyride at the SkyRide Farm

As impressed as the Sharks are, none of them were willing to commit $3 million dollars on a project that is not already making some serious money and they all go out in quick fashion. When Olsen was leaving the Shark Tank, his last word's were "we are looking for an Angel, not a Shark". Preferably an Angel that like's to fly thru the air.

SkyRide Update:

Scott has continued to work on his vision in seeing the Sky Rider at tourist destination's and fitness clubs here in the near future. He has also opened up the SkyRide Farm where guest's can stay on the 45 acre property with tracks running everywhere. The elevated mono-rail bike's and row system's allows riders to move quickly around the property while getting a good workout at the same time. Olsen now has a total of 4 machine's, the SkyBike, Upright Sky Bike, SkyChaser and SkyRower. Each designed to workout different parts of the body while having a Great Time!

The attention that the SkyRide has received is drawing interest from around the world. They currently are bidding on multiple locations in South America, Southeast Asia, the Middle East and here in the United States. They are also working with athletic clubs and sports training facilities to introduce the Sky Ride as a fun way to exercise.

Good Luck Scott, I for one can not wait to try out the Sky Rider.

Visit the SkyRide Technology Website
Follow Sky Ride Technologies on Twitter


  1. Anonymous8:40 PM

    A neat idea - but I believe the concept is hard to monetize. It can only be marketed to athletic clubs, amusement parks and a few rich prople with plenty of money and open space. The target market is small - and that is a problem - not so much with the product - but with the number of people or institutions which could afford it. But good luck with it.


  2. There is a big difference between founding the Rollerblade brand, and inventing the inline skates commonly known as rollerblades. Scott Olson did not invent them, his company was just the first to distribute them worldwide.

  3. Yeah...he did. I met him and some of his crew when he was still going to trade shows before anyone ever heard of the product.
    Larry Robertson... inventor of The Bear Roller-Ice skates. 1981

  4. My city needs the skyride to run along its seawall and ocean drive.

  5. This comment has been removed by the author.

    1. Hi Dave Stampe.
      Great job of encouragement, man. Entrepreneurs are the backbone and lurkers try to break backbones....we know how hard THAT is!

  6. Skyride technology has gotten a complete website redesign now from be sure to go check out the new website and social profiles they have set up. They are totally mobile friendly now too!

  7. Scott, Skyride would be an awesome fit at ALL entertainment meccas, state carnival, NASCAR tracks, ski resorts and so forth... I trust that there is a business opportunity for your item at current areas, don't surrender!

    I have an awesome thought to transform your thought into a reality.

    Best of luck

  8. There is a major contrast between establishing the Rollerblade mark, and designing the inline skates usually known as rollerblades. Scott Olson did not design them, his organization was only the first to disperse them around the world

  9. I don't see how anybody could pass slower riders. One pokey person would hold up the whole operation.

    It seems like a recumbent bike without the freedom to go anywhere you want.

    1. WHAT IF.... Scott combined your objection and "believer in ingenious ideas" awesome vision of having "My city needs the skyride to run along its seawall and ocean drive." and create a way where once the skyrider gets tired they ( or a ride monitor staff person) would push a button to commence the "auto ride" feature???? What city would not want this fitness based destination attraction? Let's build on these ideas and make Scott's vision come true.

  10. FYI- he has sold this idea to Carnival Cruise and is being built on their new ship "Carnival Vista"