ODR Skis Shark Tank Update | What Happened to ODR Skis after Shark Tank?
What is ODR Skis?
ODR Skis, also known as Sled Dogs, are a unique type of skate that combines the concepts of ice skating and skiing.
These skates were designed to be convenient for transportation, as they are small and easy to carry.
They are suitable for skaters of all skill levels, including beginners, enthusiasts, hockey players, and experienced skaters.
The creator of ODR Skis is Kevin Greco, known as the “Chief Enthusiast Officer”, who grew up skiing in Alaska and later worked for the Alaska Department of Fish and Game, Intel, and SpaceX.
While working at SpaceX, he continued to develop and launch ODR Skis with the goal of making the winter sports accessible to everyone, including veterans.
Who is the founder of ODR Skis?
ODR Skis, founded by Kevin Greco, is a company that specializes in making ski resorts more accessible by providing a new way of skiing called “Sled Dogs.”
The company was started in Norway in 2014 by a group of enthusiasts with decades of experience on the slopes. They have since expanded throughout Europe and now have distribution rights in the United States.
Kevin Greco, the “Chief Enthusiast Officer,” is a native of Utah who grew up skiing and has experience in data analytics and working at Space-X.
The company’s “ski skates” can be purchased on their website or rented at ski slopes in various states in the US.
What Happened to ODR Skis at Shark Tank pitch?
On Shark Tank’s Holiday Special, episode 7 of season 12, Kevin Greco pitches his product, Sled Dogs, which are ski slope skates, to the Sharks in hopes of obtaining $350,000 for a 10% stake in his company, valued at $3.5 million.
He presents videos of people using his skis and claims to be creating a new sport. He explains that he was a distributor for the company in 2017 and has since taken control of the global brand.
He invested $100,000 for North American distribution rights in 2017 and has since become a successful salesperson.
However, the company was unable to pay him and he ended up purchasing the company for $350,000.
The skis cost $100 to produce and $350 to sell, and the company had sales of $660,000 in 2017, $997,000 in 2018, and anticipates $1.5 million in sales for 2019.
Despite Kevin’s success as an entrepreneur, the Sharks are concerned about the profitability of the company and ultimately do not make a deal with him.
What Happened to ODR Skis after Shark Tank?
After not finalizing a deal during their pitch, the company received a flood of orders and quickly sold out.
They struggled to keep up with demand until spring 2021 due to supply chain issues related to Covid-19. As of December 2021, the company is still in business and has an annual revenue of $2.5 million.
Net Worth of ODR Skis
During and after the pitch, the company was valued at $3.5 million. Since then the company is still operating with annual revenue of $2.5 million in 2021. This shows that the company net worth might had elevated.
ODR Skis FAQs
What is ODR Skis?
ODR Skis are a revolutionary way to ride down the mountain. They resemble snow skis, only they attach to your regular ski boots.
It allows you to ski or snowboard without having the skills and mountain gear required for the sport. They are safe and easy to use with no prior experience needed.
Who created ODR Skis?
ODR was started by Kevin Greco in 2014 before being sold in 2016.
How much was seeking on Shark Tank?
Kevin was seeking $350,000 for 10% stake of his company at valuation of $3.5 million.
Did he have the deal?
No, he did not have the deal in Shark Tank’s Holiday Special, Episode 7 seasons 12.
Is ODR Skis still in business?
ODR is still in business as of December 2021 with annual revenue of $2.5 million.
What is ODR Skis mission statement?
Their mission is to enable access to mountain sports for all people, regardless of age, ability, or location.
Are ODR Skis safe to use?
As a result, ODR Skis created a set of skates that are not only less bulky, but also inexpensive and incredibly safe to use on icy terrain.
How do I buy ODR Skis?
ODR skis are available on their website at http://www.odrskis.com/
Are ODR Skis in the USA?
ODR is only sold in the states of Colorado, Utah, California, Vermont and New Hampshire.
What type of skis are ODR Skis?
They use a set of skates that can be put on regular ski boots or similar footwear, just like snowboarding or skiing but without the risk and danger.
Is ODR Skis ship?
It will be shipped to customer’s doorstep from the manufacturer.
What is ODR Skis shipping cost?
Shipping is free, it will not cost anything.
How much are ODR Skis?
ODR skis are sold at a discounted price for the first year of purchase. After that, the normal price for a pair of ODR skis is $100.
What is ODR Skis warranty?
There is no warranty with ODR Skis; however you can use it on most terrain types.
Are ODR Skis waterproof?
They are not waterproof and will not work in snowy conditions.
What are the benefits of ODR Skis?
They are safe and allow users to ski or board in any conditions, anywhere, anytime. It offers an alternative to recreational athletes who may not have access to snow or cannot ski or board in fear of falling on a hard patch of ice. It can be used in all weather conditions and at any slope level with no prior experience needed.
What does ODR Skis revenue generation strategy?
ODR Skis revenue model is distribution of skis and the skates in return for a flat yearly fee on any sales that occur globally through the internet, retail outlets or direct transactions.
What is the net worth of Kevin Greco?
Kevin Greco’s net worth is unknown.
