BeverageBoy Shark Tank Update

BeverageBoy Shark Tank Pitch

Kevin Waltermire appeared on Shark Tank Season 6, Episode 18, which aired on February 5, 2015, with floating drink koozie.

BeverageBoy is listed in the Accessories Gadgets category. In plain terms, the business is described as floating drink koozie.

BeverageBoy asked the Sharks for $50,000 for 15%, implying a valuation of about $333,333.333.

On the show, BeverageBoy made a listed deal with Daymond John for $50,000 for 35%.

If treated as straight equity, the listed deal works out to about $142,857.143 implied valuation, down from the original $333,333.333 implied valuation.

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

BeverageBoy After Shark Tank

BeverageBoy accepted an on-air Shark Tank deal for $50,000 for 35%. The on-air deal did not close. The business is now listed as out of business, with the closure tied to 2017. (BeverageBoy Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches