What Happened to PolyGlide Ice after the Shark Tank Pitch?

Table of Contents show

What is PolyGlide Ice?

PolyGlide Ice is a premium synthetic ice surface with exceptional glide and performance.

They can transform any playroom, garage, or outdoor patio into their own personal rink in a matter of minutes with PolyGlide Synthetic Ice.

The PolyGlide system is comprised of a series of polymer plastic panels. Customers can either purchase standard-sized panels or commission the construction of a rink to their requirements.

The panels are constructed of “beaded polymers,” which minimize friction when in contact with the skates. For better performance, a spray-on glide enhancer that extends the life of the panels can be employed.

PolyGlide panels may be used both inside and outside the home, and they join using dovetail connectors to form an almost perfectly smooth skating surface. Customers may customize their rinks with four packs of 2’x4′ or 4’x8′ panels.

Optional accessories include goalie creases, face-off circles, and edging. Poly Glide can provide an ice surface for any application, whether it is a do-it-yourself rink or a custom order.

Who Founded PolyGlide Ice?

Jim Loughran, an entrepreneur, invented the PolyGlide Ice. Loughran created the concept to enable private persons and public rinks to have an ice skating surface almost anywhere and in any weather.

Jim Loughran was a typical hockey father before creating PolyGlide Synthetic Ice.

Each winter, he attempted to build an outside rink for his children.

Regrettably, it was never more than three weeks. Jim continued his research and realized that polymers might be utilized as a skating surface.

What Happened to PolyGlide Ice during the Shark Tank Pitch?

Jim appeared on Shark Tank season 8 episode 11 in search of $150,000 for a 20% ownership in his business. This amounts to a valuation of $750,000.

While a family plays hockey on the stage’s “ice,” he demonstrates his merchandise.

Barbara is interested in the number of people who would use it, as she is afraid that a “garage rink” may result in damaged windows.

Robert asserts that he has seen comparable items, but Jim asserts that no one else sells them since the majority of competing products lack the lower panel sizes required for domestic use.

Additionally, he thinks it to be more than hockey gear.

Lubricants integrated within the product differentiate it as a comprehensive skating product.

Robert laces up his skates and gives them a shot as Jim distributes samples. He tells the Sharks that no special skates are required.

Lori enquired about his sales accomplishments. Jim claimed to have earned $1.3 million in the three years since he began. This occurred during a three-and-a-half-year period, he claimed.

Jim believed that this year he would surpass the $400,000 level. Mark inquired as to the cost of constructing a rink of the size he displayed on stage. Jim stated that the price was $65.95.

The Sharks fear that building a rink in this manner is prohibitively expensive, but Jim emphasizes that people do not desire a huge rink for home skating.

Mark believes Jim is not selling it well and therefore departs.

Kevin concurred that Jim’s company was sound, but he doubted that it could scale as a product. Kevin walked out of the home.

Lori advised Jim that while PolyGlide was an ingenious concept, she prefers to invest in products that she is confident would reach a large number of people and appeal to a broad audience. She walked away, unable to believe it had happened.

Barbara excused herself due to his exhaustion.

Robert said that he would want substantial support, and he was one of six candidates. Robert was out because he was unaware of the product’s breadth.

What became of PolyGlide Ice following its Shark Tank Pitch?

The gadget is now available on Amazon for $275 for a four-panel set, which is a reasonable starting price.

On their website, PolyGlide synthetic ice is also available in a variety of panel sizes.

Jim is still employed, even though he did not get a deal.

As of May 2021, the firm is still in existence, with yearly revenues of $1 million.

How much is PolyGlide Ice Worth?

Jim appeared on Shark Tank season 8 episode 11 in search of $150,000 in exchange for a 20% share in his company. This amounts to a valuation of $750,000.

The Company’s current valuation is clearly greater as a result of its growth.

Who are PolyGlide Ice’s Competitors?

There are no known rivals for PolyGlide Ice.

What Happened to Heidi Ho after Shark Tank?

What Happened to Postcard on the Run after Shark Tank pitch?

PolyGlide Ice FAQS

1. What happened to Jim Loughran, the founder of PolyGlide Ice?

Jim Loughran appeared on Shark Tank season 8 episode 11 in search of $150,000 in exchange for a 20% stake in his business. This amounts to a $750,000 valuation.

2. How Jim Loughran did came up with the idea?

He was an entrepreneur and a father who was passionate about hockey. He had a difficult time constructing an outside rink in his back yard every year.

He subsequently researched polymers and their ability to create ice-like surfaces without the harmful effects of cold climate.

3. Who invested in PolyGlide Ice?

None of the Sharks were interested in PolyGlide Ice.

4. What is the worth of PolyGlide Ice?

At the time of the episode, Jim was searching for a $150,000 investment in exchange for 20% of his business. This amounts to a valuation of $750,000.

5. What is the main business of PolyGlide Ice?

One of the main business lines is manufacturing synthetic ice, which provides a professional skating surface for amateurs and professionals alike.

6. Where can they purchase PolyGlide Ice?

PolyGlide Ice is available for purchase on their website and Amazon.

7. What methods of payment do PolyGlide Ice accepts?

They accept credit cards, PayPal, Amex, Discover and Visa.

8. Can they ship PolyGlide Ice internationally?

PolyGlide Ice is shipped to all countries.

9. Do they offer free shipping?

Yes. They offer free shipping are valid for the contiguous United States.

10. How can they contact PolyGlide Ice?

The best way to contact PolyGlide Ice is by emailing them at: [email protected]polyglideice.com

Or they can visit them online at www.polyglidesyntheticice.com

11. Is PolyGlide Ice still in business?