Shark Tank Pitch

Clean Bottle Shark Tank Update

Published:

2m

Portola Valley, CA



Pitch Overview
NameClean Bottle
Main PresentersDavid Mayer
Presenter Image
Clean Bottle Entrepreneur Image
Product Image
Clean Bottle Product Image
Last Known in Business9/1/2022
Main Location

Portola Valley, CA

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Order Shown in Episode1
Final DealAll Sharks went Out

The Pitch

David Mayer was sick of seeing the inside of his water bottle looking like a science experiment, so he invented a water bottle that opened at both ends for easy cleaning.

David used low-budget, guerrilla marketing to gain fast exposure. He dressed in a giant, branded water bottle costume and ran along the road of one of the largest bike races in the world.

Within a few months, David sold 150k bottles for $750k in revenue and is in many of the relevant retail stores.

David revealed the man in the mascot to be a famous NBA player, Bill Waldon, who he met at a basketball game and is happy to be a testimonial for the product.

David wants the money to buy the equipment for a stainless steel bottle. The sharks feel unincentivized to participate in the minuscule 5% equity offered.

Would you have taken 5% for Facebook?

—David Mayer

Um? Shut up? David practically got on his knees and begged to save 1-3%. He was disrespectful to Robert. This guy thought he was some hot-shot company evaluator. David negotiated so hard the shark probably won't ever feel a desire to do David any favors.


Offers

Made ByLabelSharks Part of DealSummary
CompanyOffered$60k for 5% of Company
SharksOfferedDaymond John$60k for 25% of Company
SharksOfferedKevin O'Leary$100k for 0% of company and 50 cent perpetual royaly to Kevin
SharksOfferedRobert Herjavec$60k for 10% of Company
SharksDealMark Cuban$60k for 8% of Company
SharksOfferedRobert Herjavec$60k for 5% of Company
SharksOutDaymond JohnOut
SharksOutBarbara CorcoranOut
CompanyOfferedMark Cuban$60k for 6% of Company
SharksOutRobert HerjavecOut

Mark Cuban
Mark Cuban

Mark Cuban

Offered

Daymond John
Daymond John

Daymond John

Out

Kevin O'Leary
Kevin O'Leary

Kevin O'Leary

Offered

Barbara Corcoran
Barbara Corcoran

Barbara Corcoran

Out

Robert Herjavec
Robert Herjavec

Robert Herjavec

Out


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Update After Shark Tank

According to seoaves.com

Link Preview

seoaves.com

https://seoaves.com/what-happened-to-clean-bottle-after-shark-tank

, Clean Bottle had a large spike in sales following the airing of its show.

In 2012 David created a Kickstarter campaign to create their square stainless steel version with a goal to raise $20k which ultimately received $126k.

In 2016 Clean Bottle launched a Kickstarter campaign to create a larger bottle with a fruit infuser.

Split Peak acquired Clean Bottle in 2018 for an undisclosed amount.

In 2022 Clean Bottle is in 5000 retail stores and does $4 million in annual revenue. On its website, cleanbottle.com

Link Preview

cleanbottle.com

https://www.cleanbottle.com

, you can find several container options such as coffee mug.


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