ODR Skis appeared on Shark Tank on December 4, 2020. Owner Kevin Greco left the tank without a deal due to the companies interesting past. Here’s a quick recap of everything that happened during the pitch as well as news on an ODR Skis update after Shark Tank.
ODR Skis Update After Shark Tank
- Entrepreneur: Kevin Greco
- Business: Skates for skiing
- Ask: $350,000 for 10% equity
- Result: No Deal
- Shark: None
Owner Kevin Greco pitched ODR Skies on Shark Tank Season 12 Episode 7. The company is aiming to introduce a new product to the outdoor sports world with its skis, which look very similar to roller skates. The ODR Ski boots are not only safer than traditional skis but allow the user to easily fly down the slopes.
In rare fashion, Kevin wasn’t actually the founder of the company, despite owning it outright. To keep it brief, he became a salesperson for ODR Skis and had great success in North America, due to some restrictions from the founder, Kevin offered to buy the company outright and became the owner.
In 2017, ODR Skis had an impressive $660,000 in sales and followed that up in 2018 with $997,000 in sales. For the 2019-2020 skiing season, Kevin estimated that ODR Skis will do $1.5 million in sales, allowing it to turn a small profit.
Even though the company had strong sales, all of the sharks passed on making an investment because they either didn’t know very much about skiing or weren’t comfortable with the companies history. So despite a solid pitch on Shark Tank, ODR Skis left without a deal. However, just because it didn’t land a shark, doesn’t mean the company won’t find success!
There hasn’t been any word on an ODR Skis update yet, but if we hear about one, we will update this page. Since airing on Shark Tank ODR Skis has likely received an influx of sales. A quick glance at the official ODR website reveals that it has lots of different products at different price ranges, so it looks like it’ll be just fine.
For more updates of products featured on Season 12 Episode 7, be sure to check out the links below:
For a full list of products from Season 12, be sure to check out our Season 12 Products page!