Beer Blizzard Shark Tank Update | Beer Blizzard after Shark Tank
What is Beer Blizzard?
Beer Blizzard is an ice-cold plastic disc from the freezer, which fits snuggly into the concave bottom of the can or bottle and takes time savoring your favorite’s draught of golden nectar cool for little over 20 minutes.
Beer Blizzard was founded by Tom Ozbourne and Mike Robbare. Tom comes from a lengthy career in the food sector, working largely as an executive on the quality assurance side. Mike is a lawyer who practices in Pittsburgh.
The concept for the business came about during an annual reunion and get-together at Tom’s hunting and fishing lodge in West Virginia over the 2013 memorial weekend, an event they playfully called the Redneck Reunion.
Who is the founder of Beer Blizzard?
Beer Blizzard was founded by Tom Ozbourne and Mike Robbare. Tom has a long history in the food sector, mostly as an executive in charge of quality assurance. Mike works as a lawyer in Pittsburgh.
The concept for the company arose during a 2013 memorial weekend reunion and get-together at Tom’s hunting and fishing lodge in West Virginia, which they jokingly called the Redneck Reunion.
Mike experimented with adding ice in the bottom of a koozie to keep his beer can contents cool one hot afternoon target-shooting.
Mike Robb and Tom Osborne are bringing their successfully funded tiny beer cooler. Back in June of 2014, the couple funded $43,574 on a relatively modest $5,000 target to get their first set of tooling done.
The product is a little plastic disk that contains a re-freezable substance similar to blue ice blocks for refrigerators. The form of the disk is curved to accommodate the common beer can.
It fits inside a koozie or acts as a coaster on a bar or table. When your beer comes into contact with the Beer Blizzard, it truly cools down.
A six-pack of Beer Blizzards costs $12.99, while a 12-pack costs $19.99. Each bundle includes a complimentary Beer Blizzard koozie.
The product is now available on the company’s website, and it can be shipped anywhere in the globe.
What Happened to Beer Blizzard at Shark Tank pitch?
Mike Robb and Tom Osborne decided to present their invention to Shark Tank investors in order to get their product into the hands of the masses.
Tom and Mike walk into the Tank looking for a cool $100,000 in exchange for 20% of their firm, which is valued at $500,000.
Lori’s first inquiry gets to the heart of her fascination with Beer Blizzard. She’d want to know whether they’ve got their goods tested.
Mike says that the Beer Blizzard CBA has been evaluated by an independent laboratory. The Blizzard, when combined with a “koozie,” may keep the drink cold for up to 20 minutes. They are working on utility and design patents.
Lori also wants to know if they’ve examined the soft drinks sector in addition to beer. “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.
To satisfy demand, they would want to increase their inventory and hire full-time fulfillment facilities, as well as seek out to beer companies to license their goods as a promotional item.
Robert Herjavec sees the Beer Blizzard as a promotional item and is uninterested in it as a financial venture. He’s goes out of the deal.
Daymond John sees no way he can bring value and lacks the relationships the couple requires the he goes out of a deal.
Mark Cuban has expressed an interest. He offers $100,000 in exchange for 25% of the company’s shares. Lori Greiner sees a market in businesses like as Bed Bath & Beyond, Target, and others.
She offers $100,000 in exchange for 20% stake in the firm, which is precisely what they’re looking for.
Tom, on the other hand, claims that Mike “has a tremendous man-crush” on Mark Cuban because they are both from Philadelphia, PA.
They accept Mark’s offer and exit from the Tank with a Shark deal.
What Happened to Beer Blizzard after Shark Tank?
During the pitch, the two co-founders were cheerful and joyful, but the deal with Mark never materialized. Following the show’s premiere, they raised $43,574 on Kickstarter.
Even without Mark’s advice and assistance, the couple is striving to get Beer Blizzard into NASCAR stadiums as well as huge merchants such as Wal-Mart.
They’ve expanded their goods to include a can opener that looks like a green plastic army man toy, giving them even more clout in the beer-drinking industry.
Mark Cuban might have made a tidy return on this investment. They were negotiating a license agreement with Dale Earnhardt Jr., but the deal fell through, and the firm 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 net worth is unknown.
Beer Blizzard FAQs
What is Beer Blizzard?
Beer Blizzard is a cold-activated cooling system that chills beer cans and bottles, which fits snuggly into the concave bottom of the can or bottle and takes time savoring your favorite draught of golden nectar cool for little over 20 minutes.
Who is the founder?
The Beer Blizzard was developed by Mike and Tom.
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.