Shark Tank Season 17: How much investment did Mike Terry and Jamie Schlinkmann seek for their Hydroblade?

Shark Tank Season 17 premiered with exciting pitches and unique products. One of them was the Hydroblade from Mike Terry and Jamie Schlinkmann.

The first episode of the latest season featured a unique product, Hydroblade. With four hours of battery and a 50-mile range, it could float over the water. While Mike and Jamie pitched incredible features, the two also noted that it was only available on pre-orders.

With a few differences of opinion related to the price range, manufacturing, and more, none of the Sharks invested in Hydroblade. Additionally, one of the Shark Tank investors, Kevin O'Leary, got into a bit of a disagreement with Mike while discussing the product and its manufacturing.

Shark Tank Season 17 Episode 1: Hydroblade's Mike Terry and Jamie Schlinkman pitch their unique water sports product

Mike Terry and Jamie Schlinkmann from South Florida arrived on Shark Tank seeking $800,000 for 4% of their organization. For their pitch, the two mentioned boating and how popular it was among adventurers, explorers, and families.

"All chasing that same dream of freedom on the water. Traditional watercraft? They're bulky. They're loud. They're expensive to maintain and store, and they pollute. What if we told you there's a better way? A way to fly across the water with no noise, no wake, no fuel," shared Mike and Jamie.

To the Sharks' surprise, Mike and Jamie unveiled their Hydroblade. It looked like a treadmill with a steering-wheel kind of operating handle that would allow riders to float smoothly over water.

"The Hydroblade is the world's first stand-up electric hydrofoil with intuitive steering. It combines the thrill of a motorcycle with the magic of a flying carpet. Offering four hours of silent operation and up to 40 mile per hour top speeds. With no localized emissions," the two added.

When the Sharks asked how the two came up with such an invention, Jamie revealed he had an original Kawasaki stand-up jet ski when he was a kid. He had always wanted to build marine products. Hence, he built his company in 2021.

"We've spent about $2,047,000 as of last week on the project so far. To be exact," revealed Jamie.

He added that their product was not yet in production, but was available on preorder. The one that they showed was one of their prototypes.

For the last five years, their sales were $3.5 million. For last year alone, their sale was $2 million. For the current year, it was around $1 million. Jamie shared that they had sold 19 pre-orders, each costing $25,000 to consumers. On the other hand, their making cost was $12,500.

Listening to their pricing and costing, Shark Tank's Robert Herjavec shared his concerns. He noted that there were other brands, selling similar product at a considerably lower price. Responding to that, Jamie said that none of those products offered four hours of battery life and they also offered 50 mile range.

While they were discussing the idea of having a product with a smaller battery at a lower price, two sharks, Rashaun Williams and Robert Herjavec, opted out.

Fellow Shark Kevin O'Leary shared his thoughts about the manufacturing, which resulted in a bit of an intense situation with Jamie. Kevin told him not to get into arguments with the investor.

Shark Tank's Lori Greiner liked the product, but the pricing didn't sit well with her. Kendra Scott noted that she was "obsessed" with the product and wanted to order two of them for her beach house. She also told Jamie that she didn't like the way he talked to Kevin O'Leary.

While leaving the show without any deals, Mike and Jamie noted that it was a setback.

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Shark Tank Season 17 Episode 1 is now streaming on ABC.

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