YardSale: Shark Tank USA S16 Ep03, a Magnetic Ski Pole Startup

Appeared on Shark Tank Season 16, YardSale is a San Francisco, California, USA-based startup that sells Magnetic Ski Poles. YardSale appeared in Shark Tank USA Season 16 Episode 03. The pitch was presented by founders Kelly McGee and Cristina Asbaugh. They were there to seek $200K in exchange for 10% equity.

What does YardSale do?

YardSale sells ski poles made of clever design and great style for the everyday needs of skiers. Their ski poles have magnetic poles and baskets which makes it easier to carry them on lifts and for walking. Buyers can customize their ski poles according to size and colour. It is a lifestyle brand that is working to improve the ski gear for the ski community.

Conclusion - YardSale

The founders of YardSale presented a wonderful pitch on Shark Tank USA, Season 16, Episode 03. Shark Lori, Daymond and Cuban opted out due to a lack of passion for skiing. However, Shark Kendra showed interest in the business. Shark Kevin offered $200K for 20% equity, with his expertise in distribution to help grow the brand. After some negotiation, the founders countered with a royalty agreement and reduced equity. Ultimately, Kendra joined the deal with a $250K investment for 10% equity and a $5 royalty per unit. The founders liked the deal and secured the investment. Shark Kendra was excited and promised to help the business move forward.