Peak Skis Investment opportunity

[Wasatchman]

For those who enjoy Peak skis, here is an opportunity to invest in the brand.

We launched the Peak Ski Company just over a year ago, and since then, much has been accomplished but, truly, we are just getting started.​ Over the past year, we’ve assembled a high-performance team, comprised of experienced professionals and passionate skiers. We have delivered many thousands of our skis to skiers around the world. In year one, we have also received unprecedented ratings, acclaim, and accolades within industry-leading ski tests and publications. Behind the scenes, we successfully completed our primary capital raise, affirming Peak’s post-money valuation of $21 million. Notably, we have advanced our strategic initiatives and goal to revolutionize the ski industry, which speaks to the “why” we both came out of retirement to start Peak. While our pride in the team and the skis can’t be overstated, these strategic initiatives, which tie directly back to Peak’s ethos, are a big part of our motivation, focus and drive. We wanted to get in touch and inform you about the soon-to-be-publicly-announced crowdfunding-like capital raise we’ve developed with our friends at Republic Group. The purpose of this effort is to fuel our growth and the long-term strategic initiatives and importantly, allow our community of customers and others a chance to be a part of the Peak Ski Company’s future as an investor. We hope to derive $1.25 million from this capital raise. We want our community and network of partners to be aware of this offering prior to the broad, public announcement in approximately 72 hours. In addition to the other investment tier related benefits, the first 100 people who invest $1,000 or more will receive a uniquely branded Peak Ski Company vest curated with our good friends at Stio. While it’s a bit warm and sunny here in Montana right now, we know that there’s a low-pressure system right around the corner and ski season will be here shortly. Like you, we can’t wait to get out and ski and hope to see you if Montana is part of your travel plans. Above all, thanks for your support, for being a part of our community and for your consideration. ​

INVEST IN PEAK​ ​

https://republic.com/peak-ski

 

[DocGKR]

Wow.....uh, just no.

 

[Bad Bob]

That is an expensive vest.

 

[MikeHunt]

That is an expensive vest.

Invest in vests. I wonder if it's intentional?

Anyway, it appears many people are interested in their vests.

 

[DanoT]

I wonder if Sun Peaks Resort would be interested in selling Peak Skis in one of their shops?....Probably. Investing in the Peak Ski Company....Probably not. But you never know.

 

[Brian Finch]

Wait y’all, just wait! Idk where this shade is coming from.

Imma hit my investment guy up & see how my shares in Bode’s academy & app are doing to evaluate if I can roll may dividends into this swanky vest opp.

 

[Wilhelmson]

The $1000 pieces are selling. What an uninformative offering document. Is this equity?

 

[Wasatchman]

The $1000 pieces are selling. What an uninformative offering document. Is this equity?

@Bad Bob said it best. Expensive vest.

 

[teejaywhy]

I'm out.

 

[MikeHunt]

The $1000 pieces are selling. What an uninformative offering document. Is this equity?

I briefly followed the links. There is some kind of convertible equity.

My non-lawyer, non-finance guy understanding is the $1000 converts into some form of lower hierarchy equity if certain milestones are met.

If they are not met, they at least get a vest.

 

[cantunamunch]

...oh hey we get to find out carbon fiber is a thermoplastic for free...

 

[Unpiste]

I briefly followed the links. There is some kind of convertible equity.

My non-lawyer, non-finance guy understanding is the $1000 converts into some form of lower hierarchy equity if certain milestones are met.

If they are not met, they at least get a vest.

That’s my reading, but I feel like I’d need to pay a lawyer well over $1000 just to understand what I was getting into with a $1000 investment here. Peak skis have a nice product, but this financing strategy seems totally weird to me.

P.S. @Wasatchman, it might be a good idea to clean the tracking links from your post.

 

[dovski]

Hmm sounds like someone needs cash flow, so they are trying to crowd source the funds very similar to a Kickstarter campaign. So lots of neat perks if you buy in at a high enough level, but absolutely no details on when or how you actually get your money back, let alone make any money off this investment.

While I am told Peak Skis have a nice product they always seem to be offering a Bogo which tells me they are not selling through their inventory, which is probably killing their cash flow. They may actually need these funds just to stay afloat. So if you love these skis and Bode, then this may be something you want to do, but be prepared to lose every $$ you invest and you won't be disappointed. Like any startup investment 90%+ do not pan out and of the ones that do, not everyone makes there money back and it can take years ... so even if this is successful don't plan on it to fund your retirement lol.

 

[MikeHunt]

Hey Bode, if you're reading this, if the cash raise through crowdfunding thing doesn't pan out, may I suggest going to the Saudis?

Those guys are throwing money at any and every sport venture under the sun.

Just pitch it as an opportunity to gain foothold in the burgeoning ski hardware business. And a way for them to diversify their holdings into goods manufacturing. God knows they own too much non-goods businesses like sports leagues.

$10 million is fart in the wind for them. They'll probably give it to you on the spot, in a suitcase, for asking for that little and making them laugh.

 

[Tom K.]

Not a good sign, if my experience in seeing this in several smaller bike cos over the decades is any indicator.

That said, I wish them nothing but the best. Gotta root for a story like theirs.

 

[Wasatchman]

They may actually need these funds just to stay afloat.

If you read through the financial disclosures they basically are basically saying this. It is interesting to see how much money they lost last year.

 

[Wasatchman]

I

The $1000 pieces are selling. What an uninformative offering document. Is this equity?

It is an investment vehicle that has no voting rights and is last in line to get paid out. It would convert to equity shares in the event the company ever becomes publicly traded.

Most likely this investment results in a total loss. I'd be surprised if they are still operating next year based on the present financial situation. Ultimately i think your $1,000 gets a very expensive vest.

If one is interested in speculatively investing in a ski company I think getting a group to purchase Renoun (which is listed for $1.1 million) is probably a much better deal.

Caveat Emptor. There is a reason for the adage you know how to make a small fortune in the ski business? Start with a large fortune.

 

[dovski]

I

It is a junior ownership stake that has no voting rights and is last in line to get paid out. It would convert to equity shares in the event the company ever becomes publicly traded.

I assess the chances of making money on this investment as very low to put it nicely. I'd be surprised if they are still operating next year based on the present financial situation. Ultimately i think your $1,000 gets a very expensive vest.

If one is interested in speculatively investing in a ski company I think getting a group to purchase Renoun (which is listed for $1.1 million) is probably a much better deal.

So the scary thing about this, is that if they are resorting these tactics to raise funds, they likely cannot get funding/loans from institutional investors, which makes it a super high risk investment. Feel for them as they more or less rose from the ashes of Crosson Skis, which only stayed in business for a hot minute. Here is hoping they turn things around. Would love to see them succeed, alas it will not be on my dime.

 

[fatbob]

Seems like a distraction if you've got the $21m company you're claiming. Strikes me as more of an opportunity to pitch in and help Bode out for fans than a real investment opportunity. And if you want to do that why not just buy some skis.

Faction did it but that seemed to be perceived as very much about the perks.

 

[Wasatchman]

The Faction crowd funding was real equity in the company at least. This is not and is almost certain to become worthless. I'd have more respect if he simply asked for a donation then put out this BS. I think this could put the nail in the coffin regarding his business credibility. This BS actually now has me rooting against them. I'd be shocked if they are around next season. If I was Davenport I would quickly do would i could to disassociate from them.