Tngnt Ski Bikes on Shark Tank

TNGNT makes ski bikes, which replace a bicycle's wheels with skis for riding down snowy slopes. They are aimed at winter sports enthusiasts who want an alternative to skiing or snowboarding that is easier to learn.

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⏱ Tngnt Ski Bikes in 30 seconds

The ask$200K for 20%Valued at $1M
In the tankDeal: $200K for 40%With Robert
After the showNot confirmedNo public record either way
TodayStill in business

Tngnt Ski Bikes Shark Tank deal

Asked for: $200,000 for 20%
Asking valuation: $1M
Result: Deal
Final deal: $200,000 for 40%
Deal valuation: $500K
Shark: Robert Herjavec
Founders: Scott Carr and Bill Pierce
From: -
Aired: Mar 17, 2023

Asked

$1M

Got

$500K

Would you have invested in Tngnt Ski Bikes?

The pitch

Scott Carr and Bill Pierce pitched Tngnt Ski Bikes in Shark Tank Season 14, Episode 17 (aired Mar 17, 2023). They asked for $200,000 in exchange for 20% equity, valuing the business at $1M. The entrepreneurs walked away with a deal from Robert Herjavec: $200,000 for 40%. That put the final valuation at $500K, 50% below what they originally asked for.