GolfKicks Transforms Shoes into Golf Spikes, Scores $300K on Shark Tank
GolfKicks, a revolutionary product that transforms regular shoes into golf shoes, has gained significant traction since its inception. The company, founded by John Krosky and Tyler Stewart, aims to provide variety in golf footwear and has since attracted notable investments.
Before appearing on Shark Tank, GolfKicks was already generating sales at $29 per kit. The innovative product, which turns any type of shoe into golf shoes by attaching spikes to the bottom, uses a patented screw mechanism for easy attachment. The spikes, made with a combination of rubber and a metal core, offer comfort and grip. The company's journey began with a Kickstarter campaign, raising $15,147, and later received additional funding through an IndieGoGo campaign.
On Shark Tank, GolfKicks sought a $300,000 investment for an 8% stake in the company. Mark Cuban was impressed by the product and invested $300,000 for a 13% stake. Following the episode, GolfKicks raised an additional $131,363 through crowdfunding, demonstrating the public's enthusiasm for the product. Today, GolfKicks generates $4 million in profit per year.
GolfKicks, now valued at over $2 million, continues to innovate and expand its reach. The company's success lies in its unique product offering, strategic investments, and effective crowdfunding campaigns. As it looks towards the future, GolfKicks is poised to continue making waves in the golf industry.
