Shark Tank Update
Shark Tank Pitch
My Cold Snap Shark Tank Update
Published:
2m
Austin, TX
| Name | My Cold Snap |
|---|---|
| Main Presenters | Scott Duff and Carlos Ortiz |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 2/8/2013 |
| Main Location | Austin, TX Loading Map |
| Order Shown in Episode | 3 |
| Final Deal | All Sharks went Out |
My Cold Snap Shark Tank Pitch
Scott Duff and Carlos Ortiz created a knick-knack soda can insulated holder called My Cold Snap. Scott and Carlos opened with an offer to sell their entire company for the first time in Shark Tank history.
Scott and Carlos put $200k into My Cold Snap to research and create the tooling required for production and admit to misspending the money. They licensed the product, and the licensee sold $250k of My Cold Snaps. Scott and Carlos got a 10-cent royalty and recouped $25k in that time.
The deal ended when the licensee went bankrupt in 2004. Daymond jokes that they put the business on ice for eight years. They now have 20k units that have been sitting in a warehouse waiting to be sold.
What I have a problem with is this thing died years ago, and now you're trying to pawn it off on us...Never invest in a business that's rolling downhill because a boulder rolling downhill cannot be stopped.
Scott and Carlos claim they are committed despite dusting off their old idea and trying to make a quick buck off it through the least amount of effort possible. Of course, all the sharks go out.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $50k for 100% of company and a 12% royalty on future sales | |
| Sharks | Out | Barbara Corcoran | Out |
| Sharks | Out | Robert Herjavec | Out |
| Sharks | Out | Kevin O'Leary | Out |
| Sharks | Out | Daymond John | Out |
| Sharks | Out | Mark Cuban | Out |
Mark Cuban
Out
Daymond John
Out
Kevin O'Leary
Out
Barbara Corcoran
Out
Robert Herjavec
Out
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
My Cold Snap After Shark Tank
Scott Duff and Carlos Ortiz's My Cold Snap went nowhere after Shark Tank except maybe to the dump. As of 2022, I couldn't find anything on what Scott did after Shark Tank, but there is some good news.
Carlos Ortiz paints! In 2022 Carlos' website is carloseortiz.com http://www.carloseortiz.com, where you can see his past and currently available paintings. He also will do commission paintings, such as a family portrait or a dog, and can complete them in around two weeks for a few grand. The paintings look pretty solid to my untrained eye.Link Preview
carloseortiz.com
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