Sky Ride Technology on Shark Tank Show
Sky Rider Machine - Shark Tank Season 3 Episode 313 - Update
|Scott Olsen Inventor of SkyRide Technology|
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 an excellent form of exercise because you're essentially the engine that keeps it moving. The more energy you put into the Skyride, the faster you'll zoom around the track.
Scott came into the Shark Tank as confident as anyone withan invention he knows has tremendous possibilities. The only problem with such a large project is the amount of financing needed 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 the Sharks are immediately impressed to find out Scott Olsen is the inventor of the Roller Blades and want to know how much money he made from the invention. He tries to brush the question off but puts the number well North of $5 million. He's already invested $500k of his own money in this new vision 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's targeting.
As impressed as the Sharks are, none of them were willing to commit $3 million dollars on a project that's 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.
SkyRide Update after the Shark Tank
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's 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 park 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 the SkyRide has received is drawing interest from around the world. They're currently bidding on multiple locations in South America, Southeast Asia, the Middle East and here in the United States. Scott's 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't wait to try out the Sky Rider.
Visit the SkyRide Technology Website
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