Beer Blizzard After Shark Tank Net Worth

Beer Blizzard, a product that appeared on the popular television show Shark Tank, made waves with its innovative solution for keeping drinks cold. The founders, Tom Osborne and Mike Robb, pitched their idea to the sharks in 2016 and struck a deal with Mark Cuban. However, the company’s journey after Shark Tank was not as successful as anticipated. Let’s take a closer look at the net worth and the ups and downs of Beer Blizzard.

Key Takeaways:

• Beer Blizzard appeared on Shark Tank in 2016, seeking a $100,000 investment for 20% equity.
• Mark Cuban made an offer of $100,000 for 25% equity, but the deal never materialized.
• Beer Blizzard went out of business in 2018, and its exact net worth remains unknown.
• The founders of Beer Blizzard are Tom Osborne and Mike Robb.
• Beer Blizzard gained initial success after Shark Tank, but eventually closed down in 2018.

The Story Behind Beer Blizzard

Beer Blizzard was created by Tom Osborne and Mike Robb. Tom, with a background in the food industry and experience in quality assurance, joined forces with Mike, a lawyer, to bring their innovative idea to life. The concept for Beer Blizzard originated during a hunting and fishing lodge reunion in 2013.

During their reunion, Mike had the idea to add ice to the bottom of a koozie to keep his beer cold. He experimented with different methods and eventually developed the Beer Blizzard, a simple yet effective solution to keep beverages chilled for longer periods. The founders recognized the potential of their invention and decided to turn it into a business.

In 2014, Tom and Mike launched a Kickstarter campaign to raise funds for manufacturing and distribution. They set a modest goal of $5,000 but exceeded expectations by raising $43,574 from enthusiastic backers. The success of the campaign validated the demand for the Beer Blizzard and allowed the founders to bring their product to market.

Year	Milestone
2013	Tom and Mike conceive the idea for Beer Blizzard during a hunting and fishing lodge reunion.
2014	Successful Kickstarter campaign raises $43,574 to fund production of the Beer Blizzard.
2016	Appear on Shark Tank and strike a deal with Mark Cuban.
2018	Beer Blizzard goes out of business.

Beer Blizzard on Shark Tank

During their appearance on Shark Tank, Tom Osborne and Mike Robb pitched their innovative product, Beer Blizzard, to the panel of investors. They showcased the effectiveness of Beer Blizzard in keeping drinks cold and shared that they had conducted independent laboratory testing to support their claims. The entrepreneurs were seeking a $100,000 investment for 20% equity in their company.

Mark Cuban, known for his keen eye for business opportunities, made an enticing offer to Tom and Mike. He proposed a $100,000 investment for 25% equity, which the duo eagerly accepted on the show. However, despite the initial excitement of striking a deal with a well-known investor like Mark Cuban, the partnership with him ultimately fell through.

The reasons behind the failed deal and subsequent closure of Beer Blizzard are not entirely clear. It is not uncommon for agreements made on Shark Tank to dissolve after the show due to various factors such as differences in vision or circumstances beyond the entrepreneurs’ control. Unfortunately, Beer Blizzard joined the ranks of businesses that did not survive long after their appearance on the show, going out of business in 2018.

Beer Blizzard’s Aftermath

Following our appearance on Shark Tank, Beer Blizzard experienced a wave of initial success. Our innovative product quickly found its way onto the shelves of retail giants such as Bed Bath & Beyond, Target, Walmart, and Amazon. The positive response from customers was overwhelming, and we were thrilled to see Beer Blizzard becoming a household name.

In addition to our retail partnerships, we were fortunate enough to secure a collaboration with NASCAR driver Dale Earnhardt Jr. This exciting partnership helped to further boost our brand’s visibility and reach, as we tapped into the passionate fanbase of motorsport enthusiasts.

However, despite the promising start, I have to admit that the journey for Beer Blizzard took an unexpected turn. In 2018, we made the difficult decision to shut down the company. Our website and social media accounts were subsequently taken offline, leaving many wondering about the reasons behind our closure.

While the exact circumstances surrounding the shutdown remain ambiguous, it is clear that despite our early success, Beer Blizzard was unable to sustain its momentum. As I reflect on our journey, I am grateful for the support we received from our customers, retail partners, and collaborators; it was their enthusiasm that drove us to push the boundaries of innovation in the beverage cooling industry.