SDSI announces Springboard Class 9 cohort sponsored by K2 Insurance Services
The seven companies participating in SDSI Springboard Class 9 sponsored by K2 Insurance Services competed amongst 18 applicants for thier opportunity to be paired with a team of mentors to help refine their business strategies to set them on a path for success. Nine applicants made it past the first round of screening to present their businesses at the Intake Panel last week and SDSI is excited to announce the seven companies participating in our Class 9 cohort. Thank you to our dedicated mentors making this class possible! Stay tuned for updates as these companies progress through the 20 week program!
Aerialates is a new fitness program that is “Taking Pilates to New Heights” by combining aerial fitness and Pilates using a unique curriculum and patented equipment.
BLDG Active is a scientifically advanced, all natural skin & wound repair for the modern athlete.
Core360 Belt is a first of its kind active training aid that helps the user properly activate their core and optimize movement.
Elite Athlete Products’ innovative products, SpeedMaker and the NewGait, use patent pending design to provide resistance and assistance to key muscle group to improve physical performance and aid in physical rehabilitation.
Starfysh Wetsuits creates a new wetsuit option for female surfers using a patented S. Lock technology and interchangeable parts to make one wetsuit easily transition between cold and warm water.
Virtue Cycles designs and manufactures a variety of electric bicycles, including the Virtue Schoolbus, Virtue Ortho and Virtue Truck, focuses on consumers who incorporate cycling into their everyday lifestyle.
Vulcan Vision’s technology is creating 360 video material using mobile devices to enable athletes and coaches to improve performance and prevent injuries through visuality.
Shark Tank Panel wrap up
This week SDSI brought together a Shark Tank Panel sponsored by Voit Real Estate Services featuring three SDSI companies that have entered the tank, displayed their products in front of millions of viewers and ultimately closed a deal with the Sharks! Eric Fagan CEO of RinseKit, Angel & Steve Watts owners of Slyde Handboards, and Stephan Aarstol Founder of Tower gave us a look behind the curtain (and editing) so we can see what it was REALLY like from the initial process, the filming, the wait, the airing, and how it as affected their business.
A few tips and insights that came from the panel:
• Have a story/angle to sell…Remember that it’s about entertainment and appealing to a producer first and about your business second
• Know your valuation
• Do your homework and study past episodes so you are prepared to answer the Sharks’ questions
• This is a onetime event that is very leverageable. Be prepared to make the most of it for your business
• Have a threshold for how much of your business you are willing to give up before going on the show
• On day of filming, be prepared to wait up to 7 hours in the prep room before you actually going in front of the sharks! (yes all three companies waited a grueling 7 hours) But once things start rolling everything happens very fast!
Tower Paddle Boards (Season 3 aired 3/16/12, $150k by Mark Cuban) Watch Episode, Watch Beyond the Tank Episode, Watch 20/20 Special
Slyde Handboards (Season 7 aired 4/15/16, $200k by Mark Cuban and Ashton Kutcher) Watch Episode
RinseKit (Season 8 aired 2/3/17, $250k by Daymond John) Watch Episode
