Beer Blizzard Shark Tank Net Worth 2023
During the pitch the firm was valued at $500,000 and the firm is not in operation since 2018 the company net worth is unknown.
In March 2016, Tom Osborne and Mike Robb pitched their beer coolers to the sharks during Shark Tank episode 725. They raised $43,574 on a very modest $5,000 goal to get their first round of tooling made back in June 2014.
Beer Blizzard was able to raise $43,000 through Kickstarter by selling Beer Blizzards. The company talked to NASCAR driver Dale Earnhardt Jr. about using his name on the cubes.
After Shark Tank, Beer Blizzard ended up in Bed Bath & Beyond, Target, Walmart, and on Amazon. Mark Cuban offered them a deal for $100k for 25% equity but it never went through.
What is Beer Blizzard? Who is the founder of Beer Blizzard?
Beer Blizzard is a plastic disc that can be kept in the freezer and then placed in the concave bottom of a can or bottle to keep your drink cold for over 20 minutes.
The founders of the company are Tom Ozbourne, who has a background in the food industry and worked as an executive in quality assurance, and Mike Robbare, who is a lawyer based in Pittsburgh.
The idea for Beer Blizzard came about during a reunion and gathering at Tom’s hunting and fishing lodge in West Virginia in 2013, which was humorously named the Redneck Reunion.
One hot afternoon, while target-shooting, Mike experimented with adding ice to the bottom of a koozie to keep his beer cold.
The company was successfully funded in June 2014, raising $43,574 with a modest goal of $5,000 to start the first set of tooling.
The product itself is a curved plastic disk that contains a re-freezable substance similar to blue ice blocks, and it fits perfectly inside a standard beer can.
It can be used as a coaster or placed inside a koozie, and it effectively cools down your drink when in contact with the Beer Blizzard.
A six-pack of Beer Blizzards can be purchased for $12.99, and a 12-pack for $19.99, with each bundle including a complimentary Beer Blizzard koozie.
The product is now available on the company’s website and can be shipped worldwide.
Beer Blizzard Shark Tank Pitch
Mike Robb and Tom Osborne made a decision to pitch their invention to Shark Tank investors so that they could introduce their product to a wider audience. The two walked into the Tank seeking $100,000 for 20% of their firm, which was valued at $500,000.
Lori was fascinated by their product, the Beer Blizzard, and wanted to know if it had been tested. Mike informed her that the Beer Blizzard CBA had been evaluated by an independent laboratory and that it could keep drinks cold for up to 20 minutes when used with a “koozie.” They were also working on utility and design patents.
Lori inquired whether they had looked into the soft drinks sector, but the founders said their product was designed specifically for beer.
They raised $43,000 in just 45 days through a Kickstarter campaign and sold 11,000 sets of six within a year, generating $156,000 in gross sales and $35,000 in net profits.
To meet demand, they planned to increase their inventory, hire full-time fulfillment facilities, and license their product to beer companies as a promotional item.
Robert Herjavec saw the Beer Blizzard as only a promotional item and was not interested in investing. Daymond John also declined, stating that he lacked the necessary relationships to add value.
Mark Cuban expressed interest and offered $100,000 for 25% of the company’s shares, while Lori offered $100,000 for a 20% stake, which was precisely what they were seeking.
Tom joked that Mike had a “man-crush” on Mark Cuban because they were both from Philadelphia, but they eventually accepted Mark’s offer.
After the show aired, they raised $43,574 on Kickstarter and continued to expand their product line, including a can opener that resembled a green plastic army man toy.
However, their negotiation for a license agreement with Dale Earnhardt Jr. fell through, and the company eventually ceased operating in 2018.
Net Worth of Beer Blizzard
During the pitch the firm was valued at $500,000 and the firm is not in operation since 2018 the company’s net worth is unknown.
Beer Blizzard Shark Tank Updates
Beer Blizzard is a plastic disc of thermal gel that you pop in the freezer, let sit for a few hours, then pop it onto the bottom of a can.
The plastic mold adheres to the bottom of the can’s the shape, allowing for the “hydra-gel” to cool your drink down to “blizzard cold” temperatures.
The product was created by Tom Osborne and Mike Robb, who raised $43,574 on a very modest $5,000 goal to get their first round of tooling made back in June 2014.
They appeared on Shark Tank in season 7, asking for $100,000 for 20% equity. Mark Cuban offered them $100,000 for 25% equity, which they accepted.
Unfortunately, the deal with Mark Cuban never went through, and the company effectively went out of business in 2018, deleting its website and shutting down all of its social media accounts.
As of 2023, Beer Blizzard is out of business, and its store is shut down. Fans may be out of luck for a Beer Blizzard koozie.
Summary Table: Beer Blizzard Shark Tank
| INFORMATION | DETAILS |
| Company Name | Beer Blizzard |
| Founders | Tom Osborne and Mike Robb |
| Shark Tank Pitch | – Asked for $100,000 for 20% equity at a $500,000 valuation |
| – Offered $100,000 for 25% equity by Mark Cuban, accepted | |
| Product Description | A curved plastic disk containing a re-freezable substance |
| Used as a coaster or placed inside a koozie to keep drinks cold | |
| Sales | Raised $43,000 on Kickstarter and sold 11,000 sets of six |
| Generated $156,000 in gross sales and $35,000 in net profits | |
| Retailers | Bed Bath & Beyond, Target, Walmart, and Amazon |
| License Deal | Negotiation with Dale Earnhardt Jr. fell through |
| Net Worth | Unknown |
| Current Status | Out of business since 2018 |
Beer Blizzard FAQs
What Is Beer Blizzard And How Does It Work?
Beer Blizzard is a small plastic disk that fits under beer cans and cools them for a considerably long time. It was created by close friends Mike Robb and Tom “Ozzy” Osborne following a blistering 2013 Memorial Day weekend in Virginia.
The Beer Blizzard is a plastic disc of thermal gel that you pop in the freezer, let sit for a few hours, then pop it onto the bottom of a can. The plastic mold adheres to the bottom of the can’s the shape, allowing for the “hydra-gel” to cool your drink down to “blizzard cold” temperatures.
The Beer Blizzard offers an easy way to cool your drink for up to 21 minutes when combined with their accompanying product, the Beer Koozie, a fabric sleeve to hold the can with. The Beer Blizzard is molded to perfectly fit at the bottom of a beer can or bottle, and it’s reusable.
The product was featured on Shark Tank in season 7, episode 25, and had a successful Kickstarter campaign. However, the company went out of business in 2018.
Who is the founder?
The Beer Blizzard was developed by Mike and Tom.
What Was The Outcome Of The Beer Blizzard Pitch?
Beer Blizzard appeared on Shark Tank in season 7, episode 25, where the founders Tom Osborne and Mike Robb pitched their product to the sharks. They were seeking a $100,000 investment for 20% equity.
Mark Cuban made an offer, but the deal ultimately fell through. According to updates, the company went out of business in 2018. As of 2023, the Beer Blizzard store is shut down and the product is not available on Amazon.
Therefore, it can be concluded that the outcome of the Beer Blizzard pitch was not successful, and the company eventually went out of business.
What Happened To Beer Blizzard After Its Appearance At The Shark Tank?
After its appearance on Shark Tank, Beer Blizzard had a successful Kickstarter campaign and was seeking a $100,000 investment for 10% equity from the sharks. However, according to updates, the company went out of business in 2018.
Its website and social media accounts have been deleted, and the product is not available on Amazon. It is unclear what caused the company to go out of business, but it appears that the deal with Mark Cuban fell through.
Beer Blizzard was a plastic ice cube filled with thermal fluid that you pop into the freezer, pop into the bottom of a beer koozie, and then pop the ice-cold beer into your mouth.
The Beer Blizzard was molded to perfectly fit at the bottom of a beer can or bottle, and it was reusable. It was designed to keep beverages colder for longer.
How much were asking on Shark Tank?
They were asking for $100,000 for 20% of their firm.
Did they get the deal?
Yes, they got from Mark Cuban.
How much was the deal?
Mark offer $100,000 for 20% of the company but they never completed the deal.
Is Beer Blizzard still in business?
No, the firm is not in operation since 2018.
Is Beer Blizzard a good idea?
Yes, according to the customer reviews on the Beer Blizzard website it is one of the best ways to keep beer cool and enjoyable.
How much is a Beer Blizzard?
The Beer Blizzard cost is $12.99 for six packs and $19.99 for 12 packs
Why was Beer Blizzard created?
Mike and Tom had a goal to create a better way to drink beer that was not only more efficient but also more convenient.
They wanted to remove the ice from the beer cooler, so it would no longer be necessary for people to fill up their cooler with ice or have loose ice floating around in their cooler.
What is the material used in Beer Blizzard?
The plastic disks are made from food-grade BPA and phthalate free materials.
How do you buy a Beer Blizzard?
If customers want to witness this product in action, anyone may buy it today through Beer Blizzard’s official online store, whether users reside in the United States or anywhere in the world.
Beer Blizzard is already available in six-packs for $12.99 or a 12-pack for $19.99.
How much money did beer Blizzard make?
“This stuff is for beer,” they claim. In 45 days, their Kickstarter campaign raised $43,000. In a year, they sold 11,000 sets of six, earning $156,000 in gross sales and $35,000 in net profits.
Can you still buy Beer Blizzard?
Beer Blizzard is no longer available. That’s the worst of it. A simple plastic disc that can be frozen and inserted into any koozie to keep your beer cool and pleasant until the very last sip.
The Beer Blizzard insert is an easy-to-use gadget for keeping any beer cool.
What is the net worth of Mike Robb?
The net worth of Mike Robb is unknown.
What is the net worth of Tom Ozbourne?
The net worth of Tom Ozbourne is unknown.
