Rekkie is a smart ski goggle that provides users with features like time, speed, altitude, compass, and battery life status while skiing. The co-founders of this innovative product are Henry, David, and Fletcher Pease.
The idea for Rekkie first came to Henry after a skiing incident where he got separated from his group, making it difficult for him to find them. He realized the need for a product that could help in such situations.
After extensive research, Rekkie was born. This device allows users to explore the entire mountain without the fear of getting separated from their friends or group.
Henry developed the hardware for the product, while Anderson, a software engineer, created the backend software for the “Rekkie App.” Fletcher, a skateboard enthusiast, heads the sales, finance, and accounting departments of the company. David is responsible for manufacturing, marketing, and operations.
The three co-founders appeared on Shark Tank Season 15, Episode 7, seeking funding to expand their business.
Once paired with your phone, these smart ski goggles display all relevant information on the lens. Rekkie is a valuable tool for staying connected with friends or asking for help in dangerous situations while skiing.
Company Name | Rekkie | |
Founder | Henry, David, Anderson, and Fletcher Pease | |
Founded | 2012 | |
Product | smart ski goggles | |
Asked For | $300k for 10% equity | |
Final Deal | $300k for 12.5% equity | |
Shark | Mark Cuban | |
Episode (Shark Tank USA) | S15 E7 | |
Air Date | Nov 17, 2023 | |
Business Status | In Business | |
Website | Visit Website | |
Headquarters | New York, New York, USA | |
Lifetime Worth (Sales) | $175k *estimated | |
Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Rekkie?
The co-founders of the “Rekkie” company are Henry, David, Anderson, and Fletcher Pease. They launched the company in 2022.
Henry Pease, after earning his mechanical engineering degree, worked as a Research and Development Engineer at BMW in North America for five years.
How Was The Shark Tank Pitch Of Rekkie?
After entering Shark Tank, Fletcher, Henry, and Anderson requested $300,000 for 10% equity, valuing their company at $3 million. They explained to the Sharks how their Smart Ski Goggles product enhances the skiing experience.
In 2023, they achieved $175,000 in sales, all of which came directly from consumers. The product costs $100 to manufacture and retails for $349. Their customer acquisition cost is $120, while the average order value is $475.
Kevin O’Leary offered $300,000 for 20% equity, with a 20-cent royalty on every dollar of income. Mark Cuban countered with $300,000 for 15% equity. The co-founders proposed 12.5% equity, which Mark accepted.
Sharks | Offers |
---|---|
Barbara Corcoran | No Offer |
Kevin O’Leary | No Offer |
Mark Cuban | $300k for 15% equity |
Daymond John | No Offer |
Lori Greiner | No Offer |
Final Deals | $300k for 12.5% equity |
Rekkie Shark Tank Update
Rekkie secured funding on Shark Tank with Mark Cuban investing in the company. The co-founders mentioned their potential to develop similar technology products for the military sector.
After the episode aired, many viewers ordered the smart ski goggles and shared their positive reviews on social media.
During their Shark Tank pitch, the co-founders effectively explained the concept behind Rekkie, including the incident that inspired them to start the business.
What Is Rekkie’s Net Worth?
Rekkie’s net worth is estimated at $1 million. The idea for the business originated with Henry, who successfully addressed a real problem, leading to the development of the product. To advance the business, he brought in his friends as co-founders.
Annual Revenue by Years
Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.
Years | Annual Revenue |
2023 | $175k *estimated |
Funding Reports to Date!
Years | Funding Amount | Investor |
2023 | $300k | Mark Cuban |
Launched in July 2022, the “Rekkie” brand and its smart ski goggles have gained attention from several media outlets. Following this exposure, many ski enthusiasts have purchased and used the goggles.
Yes, Rekkie is still in business as of August 2024.