IceBeanie Shark Tank Update

IceBeanie Shark Tank Pitch

Nic Lamb appeared on Shark Tank Season 12, Episode 13, which aired on February 11, 2021, with all natural compression cold therapy for headaches, concussions and migraines .

IceBeanie is listed in the Health SelfCare category. In plain terms, the business is described as all natural compression cold therapy for headaches, concussions and migraines .

IceBeanie asked the Sharks for $50,000 for 20%, implying a valuation of about $250,000.

On the show, IceBeanie made a listed deal with Mark Cuban for $50,000 for 25%.

If treated as straight equity, the listed deal works out to about $200,000 implied valuation, down from the original $250,000 implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

IceBeanie After Shark Tank

IceBeanie accepted an on-air Shark Tank deal for $50,000 for 25%. Later reporting says the deal closed after filming. (IceBeanie Shark Tank Update

By August 2023, IceBeanie was reported at about $1 million in annual revenue. (IceBeanie Shark Tank Update

Many knock-offs appear on Amazon. (IceBeanie Shark Tank Update

IceBeanie now uses icebeanie.com as its customer-facing site. (IceBeanie website

Sources

Sources used for this page: Shark Tank API pitches