But to the Sharks' surprise, the entrepreneurs didn't immediately accept. In addition to the years-long sales slump, the entrepreneurs also told the Sharks that five years ago, Allen had mortgaged his house to buy inventory (which horrified Mark Cuban) - and they still had $350,000 worth of product left.īarbara Corcoran, who has tweeted about her own ski trips in the past, saw potential and offered exactly what they came into the tank asking for: $50,000 for a 15 percent stake in the company. The bad luck just kept coming, and the duo failed to make any money with Ski-Z. The business had to take a backseat in the years that followed: Palermo was diagnosed with cancer and Allen was blindsided by a divorce. In its first year of sales in 2013, Palermo and Allen sold $230,000 worth of the product in four months. Ski-Z started out with a bang, the co-founders told the investors.
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