Chill-N-Reel Tank Net Worth-What Happened After Shark Tank?
Chill-N-Reel Shark Tank Net Worth
Chill-N-Reel’s net worth when they appeared on Shark Tank was estimated at $3 million based on valuation. However, the current net worth of Chill-N-Reel as of 2023 is not available.
Chill-N-Reel is a drink insulator business that appeared on Shark Tank in May 2022. The company was founded by Chris Diede, Jake Rutledge, and Chase Terell.
Chill-N-Reel’s product is designed to allow people to sip on a beverage while fishing, preventing dehydration.
The product is available for purchase on their website and also in large retail stores like Amazon and Walmart.
During the offer period, the Chill N reel product was at a discount of $11.96 on their website and is now at $17.95 at retail sites.
Despite being considered too simple by some investors, Chill-N-Reel has continued to do well after appearing on Shark Tank. The company is still in business and its founders are worth an estimated $1.4 million USD as of 2022.
What Is Chill-N-Reel? Who Founded Chill-N-Reel?
The Chill-N-Reel is a patented hard-shell drink holder with a handline fishing reel attached. It comes equipped with 50 ft of 8lb test line pre-wound on the Chill-N-Reel spool, and it includes a hook and sinker to get you started.
The removable drink insulator keeps your beverage cold while you fish. Using the Chill-N-Reel is simple: attach your hook, sinker, and bait as you would with a regular fishing pole; put your frosty beverage in the removable insulator; hold your Chill-N-Reel in one hand with the spool/reel facing the direction you’ll cast, unreel enough line so you can “pitch” the bait or sinker into the water with the other hand.
Jacob Rutledge is the founder of Chill-N-Reel. He is a Tulsa firefighter who invented the product, which is a drink holder that doubles as a fishing pole with a hand-line reel on the side.
Rutledge appeared on Shark Tank with his son and brother-in-law to pitch Chill-N-Reel to the Sharks.
Although they received offers from the Sharks, they turned them down because they were not what they were looking for. The company was founded in 2017, and its prototype was developed in 2018.
The makers of Chill-N-Reel claim that their device can help you catch fish without having to put your drink down.
The product was featured on Shark Tank Season 13, where it received mixed reviews from investors. Since appearing on the show, Chill-N-Reel seems to be growing steadily.
In addition to the regular Chill-N-Reel, they now sell adaptors for slim cans (or bottles), as well as extra hooks, sinkers, and sleeves for the inside of the koozie.
What Happened To Chill-N-Reel At Shark Tank?
During their appearance on Shark Tank, Chris Diede, Jake Rutledge, and Chase Terrell sought $300,000 for ten percent of their company.
However, they did not receive an offer from any of the Sharks. Despite this setback, Chill-N-Reel is still in business and doing well. As of 2022, the net worth of Chill-N-Reel is estimated to be around $1.4 million.
Chill-N-Reel’s founders are confident that they will be able to get the right sharks in the market even without a deal from Shark Tank. The product has its own website and is available on Amazon and large retail stores like Walmart.
Chill-N-Reel is a drink insulator company that was featured on Shark Tank Season 13 Episode. The product allows users to enjoy a drink while fishing, preventing dehydration while catching fish.
Chill-N-Reel was founded in 2017, and its official launch was done in 2019. At the time of the launch, the founders had already sold 50 units. In 2020, they sold 5000 units of their product.
What Happened To Chill-N-Reel After Shark Tank?
Although Chill N Reel did not get a deal on Shark Tank, the company is still in business and growing slowly. In 2020, 5000 units of this company’s product were sold.
The net worth of Chill N Reel is estimated at around $1.4 million for 2022. The company’s product is available on Amazon and its own website.
Chill N Reel is a drink insulator company that appeared on Shark Tank Season 13 Episode 23. The company was founded in 2017, and its official launch was done in 2019.
Chill N Reel’s founders Chris Diede, Jake Rutledge, and Chase Terell walked into the Shark Tank seeking $300,000 for ten percent of their firm.
They cast their fishing rods and tried to open their beers unsuccessfully before revealing their product. The Sharks were amused as they explained and demonstrated the product.
Is Chill-N-Reel Still In Business?
Yes, Chill-N-Reel is still in business as of March 2023. The company was founded by Jake Rutledge in 2017 with the idea of creating drink insulators to keep beverages cool while fishing.
Chill-N-Reel is a patented product that comes with a hard-shell drink holder with a fishing reel attached, a hook, a sinker, and a 50-foot handline that can handle catches of up to 8 pounds.
It is an enjoyable and handy product that works as advertised, making it popular among novice and experienced fishing enthusiasts alike.
Chill-N-Reel has its own website for sales and is also available on Amazon. At the time of Shark Tank, the company was valued at around $3 million according to the founders.
However, its current net worth is estimated to be approximately $1 million in 2022. Despite having a small profit margin, Chill-N-Reel is expanding slowly and currently employs more than five people.
Chill-N-Reel Shark Tank Updates
Chill-N-Reel is a drink insulator company that was featured on Shark Tank Season 13 Episode 23. The product is a beer koozie with a built-in fishing reel, allowing users to enjoy a drink while catching fish without worrying about dehydration.
The founders of Chill-N-Reel, Chris Diede, Jake Rutledge, and Chase Terrell, walked into the Shark Tank seeking $300,000 for 10% of their company. They had already sold 50 units at the time of their official launch in 2019.
In the last 12 months, Chill-N-Reel had $1.3 million in sales, but most of their profits went to inventory, and they have a huge stock of in their warehouse.
During the pitch, the Sharks were amused as the founders demonstrated the product. However, Kevin O’Leary and Lori Greiner did not see the potential for investment and went out. Daymond John also left for the same reason.
Robert Herjavec offered $300,000 for 15%, but the founders countered with 20%, which Robert declined. The founders left the Shark Tank without a deal.
Despite not securing a deal on Shark Tank, Chill-N-Reel has had about $1.3 million in sales in the past year. The Shark Tank episode gave the product great momentum and needed exposure, leading to large orders.
The current net worth of Chill-N-Reel is approximately $1 million. The founders are confident that they will be able to get the right sharks in the market.
Chill-N-Reel Shark Tank Table Summary:
| TOPIC | SUMMARY | |
| Product | Drink insulator with fishing reel attached | |
| Founders | Chris Diede, Jake Rutledge, and Chase Terell | |
| Shark Tank Appearances | Season 13 Episode 23 | |
| Shark Tank Results | No deal | |
| Current Status | Still in business | |
| Net Worth | $1.4 million USD (as of 2022) | |
| Sales | Available on Chill-N-Reel website, Amazon, and Walmart | |
| Features | Removable drink insulator, 50 ft of 8lb test line pre-wound, hook and sinker included | |
| Launch | 2019 | |
| Discount | $11.96 on Chill-N-Reel website, $17.95 at retail sites | |
| Specializations | Adaptors for slim cans or bottles, extra hooks, sinkers, and sleeves for the inside of the koozie | |
How Does Chill-N-Reel Shark Tank Work?
Chill-N-Reel is a patented can cooler with a hand-line fishing reel attached. It was invented by firefighter Jake Rutledge in 2017 while he was on vacation, standing in waist-high water with his drink in his hand.
He wanted to figure out how to catch the fish swimming around him while just chilling without putting his drink down. The Chill-N-Reel comes equipped with 50 ft of 8lb test line pre-wound on the spool, a hook, and a sinker to get started.
The hard-shell drink holder with a handline fishing reel attached is easy to use at just about any age, and it lets you go fishing without putting your drink down.
Using the Chill-N-Reel is simple. First, attach your hook, sinker, and bait, just as you would with a regular fishing pole. Second, put your frosty beverage in the removable insulator. Third, hold your Chill-N-Reel in one hand with the spool/reel facing the direction you’ll cast.
Unreel enough lines so you can “pitch” the bait or sinker into the water with the other hand. The line should naturally unwind with your pitch. Wait for the fish to bite the bait before reeling the line back in the holder.
Chill-N-Reel was featured on ABC’s “Shark Tank” season 13, episode 23, and was successfully funded by the sharks. The Chill-N-Reel is available for purchase on their website, along with accessories and apparel.
How Has Chill-N-Reel Grown Since Appearing On Shark Tank?
Chill-N-Reel is a beer koozie with a reel on it, allowing users to cast a line and hold their can without spilling. The company appeared on Shark Tank in 2022, asking for $300,000 for 10% equity, but did not receive any offers from the Sharks.
Despite not receiving an investment, the company received a lot of exposure from the show, leading to a significant increase in sales. In the last 12 months, Chill-N-Reel had $1.3 million in sales.
Chill-N-Reel’s founders, Chris Diede, Jake Rutledge, and Chase Terell, have a net worth of $1.4 million as of 2022. At the time of Shark Tank, the company was valued at around $3 million according to the founders, but its current net worth is approximately $1 million.
The company is still in business and manufacturing drink insulators that allow beverages to be kept down while fishing.
Chill-N-Reel’s plans to grow its business through trade shows were disrupted by the pandemic in 2020.
What Are Chill-N-Reel’s Future Plans For Growth?
Chill-N-Reel is a startup company that manufactures fishing caching canes and drink insulators. The company was founded in 2017, and its prototype was developed in 2018. Chill-N-Reel’s founder, Jake, appeared on Shark Tank to get funding for the growth of his company.
Although the sharks did not invest, Chill-N-Reel is still in business and its net worth is estimated at 1.4 million for 2022.
In 2019, Chill-N-Reel had already sold 50 units, some to firefighters. The company planned to grow its business even more through trade shows in 2019, but those plans were canceled due to the pandemic of 2020.
Despite this setback, Chill-N-Reel has continued to grow. In June 2022, Jake and his team took Chill-N-Reel to the final round of Walmart’s open call event to have their product on the giant retailer’s shelves.
Chill-N-Reel’s success can be attributed to its innovative product, which combines a drink insulator with a hand-line fishing reel. The product is popular with novice and veteran fishing enthusiasts alike because it’s fun and it really does work.
With more than 600 reviews and a 98% five-star rating on its website, Chill-N-Reel is incredibly popular. Chase Terrell is the Director of Sales for Chill-N-Reel.
What Is The Current Valuation Of Chill-N-Reel Shark Tank?
Chill-N-Reel is a company that produces drink insulators to keep beverages cool while fishing. The company was founded by Chris Diede, Jake Rutledge, and Chase Terell in 2017, but it did not see an official launch until 2019.
Chill-N-Reel appeared on Shark Tank in May 2022, where the founders asked for $300,000 for 10% of their company. At the time of Shark Tank, the founders valued the company at around $3 million. However, they did not strike a deal with any of the Sharks.
Despite not securing a deal on Shark Tank, Chill-N-Reel received great momentum and exposure from the show, leading to large orders.
The company is still in business and has its own website for sales, as well as being available in large retail stores like Amazon and Walmart. As of 2022, Chill-N-Reel’s net worth is estimated to be around $1.4 million.
