Fizzics Shark Tank Update

Fizzics Shark Tank Pitch

Phil Petracca and David McDonald appeared on Shark Tank Season 8, Episode 1, which aired on September 23, 2016, with home beer dispenser that improves bottled or canned beer with sound-wave technology.

Fizzics is listed in the Food Beverage category. In plain terms, the business is described as home beer dispenser that improves bottled or canned beer with sound-wave technology.

Fizzics asked the Sharks for $500,000 for 4%, implying a valuation of about $12.5 million.

On the show, Fizzics made a listed deal with Mark Cuban and Lori Greiner for $2,000,000 for 16.67%.

If treated as straight equity, the listed deal works out to about $12.0 million implied valuation, down from the original $12.5 million implied valuation.

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

Fizzics After Shark Tank

Fizzics accepted an on-air Shark Tank deal for $2,000,000 for 16.67%. The company is still operating after its Shark Tank appearance. (Fizzics Shark Tank Update

Fizzics reported sales of $4 million as of April, 2023. (Fizzics Shark Tank Update

Fizzics was on QVC the day after the episode aired and they debuted a smaller, less expensive model. (Fizzics Shark Tank Update

The official website for Fizzics is listed as www.fizzics.com. (Fizzics website

Sources

Sources used for this page: sharktankblog.com