What Happened to MountainFlow Eco-Wax After Shark Tank?
What is MountainFlow Eco-Wax?
MountainFlow Eco-Wax is a company that creates waxes for the snowboarding and skiing communities that are eco-friendly, biodegradable, and manufactured from plants. The same ideas are used to mountain bikers’ chain lube and bike cleaning products.
They are owned and run by skiers, snowboarders, and mountain bikers who are always testing and updating their products to ensure their customers have the best possible experience.
Peter Arlein founded and owns the company. He received his Master’s degree in Business Administration from the University of Alaska-Anchorage.
Peter has worked as a fisherman, raft guide, ski patroller, and finally as the sales and marketing director of a seafood firm.
He then moved to Colorado and began working for a digital marketing agency that specialized in active lifestyle businesses. He founded Mountain Flow Eco-Wax in 2016, and he is still the CEO five years later.
Who is the founder of MountainFlow Eco-Wax?
Peter Arlein founded and owns MountainFlow Eco-Wax in 2016. Traditional ski waxes contain petroleum compounds and/or fluorocarbon particles that dissolve into the snow and end up in the watershed. When utilizing a plant-based wax, there are no pollutants.
The original product of the firm was a water-based spray meant to prevent snow off the tops of skis. They began evaluating hundreds of plant-based wax compositions in 2017 and will continue for the next two years.
In October of this year, they launched their wax project with a successful Kickstarter campaign, garnering $21,506.
As a company, they have a goal. They use post-consumer recycled materials in their packaging and are a USDA-certified bio-based firm.
Depending on the application, the wax costs between $13.95 and $27.95. MountainFlow is currently available at several ski slopes and REI, while the majority of sales are done through the company’s website.
What Happened to MountainFlow Eco-Wax at Shark Tank pitch?
MountainFlow Eco Wax, Peter Arlein’s plant-based ski wax, is introduced in Shark Tank episode 1208. He wants a Shark to help him with inventory management.
Peter came to Shark Tank seeking for $250,000 in return for a 10% stake in his business, worth $2.5 million.
Peter talks about the product and hands out samples. He claims he was searching for a Shark to help him develop into the global market.
He claims that new international standards to prevent petroleum-based waxes are being prepared, which would surely benefit the firm.
In 2019, he made $150,000 in sales, and he’s on track to make $750,000 in 2020. Lori and Mark are not skiers, and they leave quickly.
Barbara believes she has never encountered a man who can ski as well as she can. She offers $250,000 in return for 20% ownership of the company.
Mr. Wonderful then makes a $250,000 offer in return for 15% equity shares.
Barbara then proposes to partner with Kevin, providing $250,000 in exchange for 20% – 10% stake each.
Daymond offers $250,000 in exchange for 25% shares and states that professional skier Lindsey Vonn will be included in the deal.
Peter claims that he already has professional skiers on board and that a 25% stake was exorbitant.
He asks Barbara and Kevin to reduce their percentages. Instead, they offer $300,000 for 20% equity shares, which Peter accepts, and the presentation concludes with a deal.
What Happened to MountainFlow Eco-Wax after Shark Tank?
Less than two months after it initially aired, this program was rebroadcast for the first time. The episode was shot in September 2020; therefore March 2021 was only six months away.
While Barbara and Kevin’s deal was never consummated.
The firm is still in operation as of February 2022, with annual revenues of $3 million.
Competitors of MountainFlow Eco-Wax
Snowboard Wax, an American plant-based wax company, is the primary competitor.
Net Worth of MountainFlow Eco-Wax
During the pitch, the firm was valued at $2.5 million.
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MountainFlow Eco-Wax FAQs
What is MountainFlow Eco-Wax?
MountainFlow Eco-Wax is a petrochemical-free eco-wax created specifically for skiers and snowboarders. The wax is made in the United States and is made from olive oil.
Who is the inventor?
Peter Arlein is the company’s founder and CEO. He is the company’s sales and marketing director, and he founded it in 2016.
What was the asking price on Shark Tank?
He was demanding $250,000 for a 10% stake in the company. Back then, the worth was $2.5 million.
How much did they end up with?
Kevin O’Leary and Barbara Corcoran gave him $300,000 and 20% ownership in the firm.
Is MountainFlow Eco-Wax still in operation?
Yes! As of February 2022, the firm was still in operation.
How much money does MountainFlow Eco-Wax make?
Sales are expected to be $3 million in February 2022.
Where is MountainFlow Eco-Wax located?
The business is based in Colorado.
When did the firm get its start?
In 2016, Peter Arlein founded the firm.
Is MountainFlow Eco-Wax environmentally friendly?
Yes, it is! Petrochemicals and fluorocarbons are not present.
MountainFlow Eco-Wax is what kind of wax is it?
It is a wax derived from plants. It contains no petroleum or fluorocarbons at all.
How much does MountainFlow Eco-Wax cost?
A 4 oz. bottle of ordinary wax costs $13.95; a 4 oz. bottle of grip wax costs $18.95; and a 16 oz. bottle of dry wax costs $27.95.
Is MountainFlow Eco-Wax available for shipping?
Yes, delivery to all 50 states is free.
Where can I get MountainFlow Eco-Wax?
Customers may buy it via the company’s website at www.mountainflow.com.
How long will it take MountainFlow Eco-Wax to arrive?
Your purchase will be delivered within 1 to 5 business days.
How long did it take MountainFlow Eco-Wax to respond?
Within 24 hours, the organization had a response.
Which MountainFlow Eco-Wax is the best?
It’s the dry wax, and it lasts longer than other eco and carnauba waxes. It can outlast any other organic wax product by more than ten times.
Is MountainFlow Eco-Wax trustworthy?
Yes! The firm is entirely truthful with its consumers.
Is there a return policy for MountainFlow Eco-Wax?
Yes, the organization offers a 30-day money-back guarantee.
Is MountainFlow Eco-Wax worth the money?
Yes! Customers are pleased with the product and remark that it lasts longer than expected.
What is the best type of ski wax?
MountainFlow Eco Wax is here! It has excellent durability, breathability, and traction. It is guaranteed to be effective in all types of weather.
Is MountainFlow Eco-Wax a safe product?
The International Olive Council has approved the product.
Can MountainFlow Eco-Wax be used to clean skis?
Yes, the wax is suitable for use on all types of ski and snowboard equipment. Customers may clean it with water and dish detergent.
What makes MountainFlow Eco-Wax superior to other ski waxes?
It’s more long-lasting and breathable. It has a longer shelf life than other forms of waxes. It will not break when clients do stunts or strike trees with their boards.
What is the composition of MountainFlow Eco-Wax?
It is produced using olive oil.
Is MountainFlow Eco-Wax the same as regular wax?
It both is and isn’t! It’s environmentally safe and long-lasting, but it may be used just like any other wax product.
How do you produce a great ski wax?
The greatest quality ingredients must be used, and there must be a lot of them. In order for their final product to be effective, they must also use additives.
Who is the company’s CEO?
Peter Arlein is the company’s founder and CEO. He is in charge of sales and marketing.