GolfKicks is a business that manufactures golf spikes and their spikes attack any sport shoe and sneaker. This business was founded in 2018 by Tyler Stuart, John Krosky and Matt Mockus.
This product has been invented to take Kicks Industries to a next level. One day these three friends came up with the idea that golf shoes are too boring, why not use shoes like Chucks and Jordans for golf shoes.
After making the first prototype, they launched a $15,000 goal crowdfunding campaign on Kickstarter in May 2018. They were able to raise $15,147 from this campaign.
Keeping in mind the user’s feedback, they improved the product and launched the final product 5th-Gen in the market. The same year they raised $1,610 by launching a campaign on Indiegogo.
Tyler Stuart and John Krosky both appeared on Shark Tank Season 11 Episode 5 and asked the sharks for $300,000 for 8% equity at $3.7 Million Valuation.
What Is GolfKicks?
GolfKicks is a Denver Base Sport Goods Manufacturer Company. Their product golf spikes turn any sneaker into a golf shoe, baseball, football, softball.
You can put maximum 8 spokes in the shoes. The cost of the Two GolfKicks V5 Traction Kit is $54.99. You can buy these products from Amazon or company website.
|Founder||Tyler Stuart, John Krosky and Matt Mockus|
|Product||addable traction for sneakers|
|Asked For||$300K for 8% equity|
|Final Deal||$300k for 13% equity|
|Episode (Shark Tank USA)||S11 E5|
|Air Date||Oct 27, 2019|
|Business Status||In Business|
|Headquarters||Denver, Colorado, United States|
|Lifetime Worth (Sales)||$6.5M *estimated|
|Go To Amazon||Buy Now|
|Watch On||Amazon Prime|
Another Shark Tank Pitch
Who Is The Founder Of GolfKicks?
GolfKicks was founded in 2018 by Tyler Stuart, John Krosky and Matt Mockus. Matt and Tyler are childhood friends and grew up together.
Tyler founded several companies after studying journalism at the University of Colorado Boulder, including Format Dynamics, HANDLL and more.
Matt is the co-founder of this company as well as the President of ifficient. After studying marketing, he worked as a sales manager in many companies, including Topica and RedSail Media.
How Was The Shark Tank Pitch Of GolfKicks?
Tyler Stuart and John Krosky both entered Shark Tank and asked the sharks for $300k for 8% equity. They told Shark they made $120,000 in sales in the last 3 months and are projecting to do $1 million by the end of the year.
Lori Greiner loves golf, offered $300k as a loan at 8% intrest for a 5% equity + a royalty of $2 per unit sold until loan is repaid.
Mark Cuban really liked the product and offered $300k for 15% equity. The founders agreed to this offer.
Finalized: Mark Cuban invests $300k in ‘GolfKicks’ for 15% equity.
What Happened To GolfKicks Now After Shark Tank?
This episode of Shark Tank became very popular after being aired. Many golf lovers bought this golf spike product from amazon and company site.
To reach the users, they launched many campaigns on social media platforms like Instagram, Tiktok etc. Lots of golf players worldwide are using this product right now @omochi___golf, @rewilded_reselling and more.
According to the report of Crunchbase, they had raised $550k in funding from Nov 20, 2018, to 2020. They raised $131,363 from the crowdfunding site Republic in September 2021.
What’s new on GolfKicks
Last Update: June 9, 2023
On March 2023, they raised funding of $100,000. As of May 2023, they are doing $4 million in annual revenue.
GolfKicks Shark Tank Update
After this episode of Shark Tank aired, the company’s sales got boosted. All their stock got sold out in a few weeks. This is a huge success for this company. People are liking their golf spike product very much.
We’re following Tyler Stuart, John Krosky and Matt Mockus along with their company for further updates.
What Is the Net Worth of GolfKicks?
GolfKicks’ current worth is estimated at $4.5 million. In Shark Tank, Mark Cuban signed a deal with this company at a valuation of $2.3 million. The size of the global golf shoes market is huge, it was estimated to be worth USD 953.9 million in 2022.
According to some media sites, the growth of this industry can be up to USD 1080.5 million by 2028.
Is GolfKicks Still In Business?
This business was started in 2018 and now the annual revenue of this company is in million of dollars. In the present time, the growth of this company is happening slowly.
Their product has been featured on many media sites including Golfdigest, Hypebeast and more.
The current headquarter of this company is in Denver, Colorado, United States and it employs 2-10 employees as per their LinkedIn profile.
Yes, GolfKicks is still in business as of May 2023.