Beer Blizzard Shark Tank Update

Beer Blizzard Shark Tank Pitch

Mike Robb and Tom Osborne appeared on Shark Tank Season 7, Episode 22, which aired on March 18, 2016, with beer cooling discs.

Beer Blizzard is listed in the Accessories Gadgets category. In plain terms, the business is described as beer cooling discs.

Beer Blizzard asked the Sharks for $100,000 for 20%, implying a valuation of about $500,000.

On the show, Beer Blizzard made a listed deal with Mark Cuban for $100,000 for 25%.

If treated as straight equity, the listed deal works out to about $400,000 implied valuation, down from the original $500,000 implied valuation.

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

Beer Blizzard After Shark Tank

Beer Blizzard accepted an on-air Shark Tank deal for $100,000 for 25%. The on-air deal did not close. Follow-up reporting lists the company as out of business. (Beer Blizzard Shark Tank Update

Even without Mark's guidance and help, the pair are working to get Beer Blizzard into NASCAR venues and into large retailers like Wal-Mart. (Beer Blizzard Shark Tank Update

They were working on a licensing deal with Dale Earnhardt Jr., but it fell through and the company closed in 2018. (Beer Blizzard Shark Tank Update

They've expanded their offerings to a can opener that resembles a green plastic army man toy, generating an even greater reach into the beer-drinking market. (Beer Blizzard Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches