SkyRide, founded by Scott Olson, is a human-powered monorail system designed for fitness and recreation. After appearing on Shark Tank in 2012, seeking $3 million for 20% equity, the company did not secure a deal.
Despite this, SkyRide continued to grow, with installations on Carnival cruise ships and other recreational areas. As of 2023, SkyRide has a net worth of $15 million and generates $900,000 in annual revenue.
The company is still operational, with ongoing developments in their adventure and fitness experiences. However, it has not been acquired and operates independently without Shark investors.
Skyride Net Worth
| Estimated Net worth | $15 Million (2024) |
| Annual Sales Revenue | $900,000 (2024) |
| Lifetime sales | Not available |
| Investor | None |
| Founder | Scotty Olson |
| Employees | 25 to 35 |
Skyride Pitch on Shark Tank
| Company name | Skyride |
| Product | Human-powered roller coaster |
| Episode | Season 03 Episode 13 |
| Founder | Scotty Olson |
| Asked for | $3,000,000 for 20% |
| Final deal | No Deal |
| Sharks | None |
| Location | Paul Ave, Waconia, MN |
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Skyride Founder
Scotty Olson founded Skyride in 2011. He is a passionate inventor. He invented a famous Rollerblade product. Skyride’s founder, Scotty Olson has an approximate net worth of $15 million as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2023 | SkyRide Technologies successful in the cruise ship industry. |
| 2012 | Skyride appeared on Shark Tank. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business. They have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Skyride and its continued success.
