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.