Chill Soda Shark Tank Net Worth 2023

Chill Soda’s current net worth is unknown. The company was valued at $2.5 million after Barbara Corcoran’s investment, but it eventually closed down due to its inability to generate enough revenue to sustain operations.

Chill Soda had already sold 250,000 cans in California and earned $175,000 in sales before appearing on Shark Tank.

Dan Mackey presented his company on Shark Tank and requested $50,000 in exchange for 10% of the company’s equity shares.

Barbara Corcoran invested $50,000 for 20% equity shares in the company. She is an American businesswoman with a net worth that is not specified in the search results.

Chill Soda was unable to become successful despite receiving funding from Barbara Corcoran on Shark Tank. The company never took off after its appearance on the show in 2009.

It is reported that there are no official stores of Chill Soda in California except its mere presence on the web. The company rests with just a $50,000 investment from Barbara while Dan Mackey is heading towards his new venture.

What is Chill Soda? Who is the Founder of Chill Soda?

Chill Soda is a beverage option that not only tastes great but also provides nutritional benefits while containing fewer calories than traditional sodas.

It was created by Dan Mackey in 2009 in Stellenbosch, Western Cape as a low-glycemic organic drink that is sweetened without corn syrup. The drink was developed to provide a healthier alternative for both children and adults.

Chill Soda comes in four flavors: Chill Kola, Chill Pome, Chill Guava, and Chill Limon.

The company was established after Dan Mackey recognized the need for a healthier alternative to regular soda. He spent two years creating the recipes and manufacturing process for the four flavors of the drink.

Dan’s inspiration to start the company came from a family member who was a teacher and saw the harmful effects of regular soda on students.

Dan’s goal was to offer a tasty but healthier alternative, which he successfully achieved. Chill Soda has earned $175,000 in sales since its creation.

Chill Soda Shark Tank Pitch

During his appearance on Shark Tank, Dan Mackey presented his company and asked for a $50,000 investment in exchange for 10% of the company’s equity shares.

He shared that the company had already sold 250,000 cans in California, generating $175,000 in sales.

Unfortunately, due to poor presentation skills and a weak marketing strategy, the sharks – Daymond John, Kevin O’Leary, Robert Herjavec, and Lori Greiner – were not interested in investing.

However, Barbara Corcoran showed interest in Chill Soda and offered to invest $50,000 for a 20% ownership of the company. Dan Mackey quickly agreed to the offer, and the deal was closed with Barbara Corcoran.

Despite receiving funding from Barbara Corcoran on Shark Tank, Chill Soda failed to become successful and eventually shut down.

Although valued at $250,000 before the investment, the company was unable to generate enough revenue to sustain its operations and now only maintains a website for placing orders.

Competitors of Chill Soda

Currently, Chill Soda is facing competition from other beverage companies such as PepsiCo, Coca-Cola, Red Bull, Nestle, and Parle.

Net worth of Chill Soda

Initially, the company’s net worth was valued at $2.5 million after Barbara’s investment, but its current net worth is not known.

Chill Soda Shark Tank Updates

Chill Soda is a healthy and organic alternative to regular soda, based on agave syrup that aims to be tasty and free of artificial sweeteners.

The company appeared on Shark Tank Season 1 and asked for $50,000 for 10% equity, and Barbara Corcoran offered $50,000 for 20% equity, which was accepted by the founder, Dan Mackey.

However, the company never took off after its appearance on the show in 2009, and there are no public stores available yet in California.

The Chill Soda website remained active for a while after airing, but the company eventually shut down, and Barbara Corcoran lost her investment.

As of July 2021, the website is still active, but the company is not actively selling the product, and it is out of business. The promising deal with a distributor that Mackey mentioned while in the tank is apparently no longer in place.

In 2020, Dan Mackey started a private equity firm, but there are no updates on Chill Soda’s official website or any newsworthy information about the company. Therefore, it seems that Chill Soda is no longer in business, and there are no updates on its future plans or availability.

Chill Soda Shark Tank Summary:

Net worth	Unknown
Founder	Dan Mackey
Product	Low-glycemic organic soda with agave syrup
Flavors	Chill Kola, Chill Pome, Chill Guava, Chill Limon
Shark Tank	Valued at $2.5 million after investment by Barbara Corcoran for 20% equity; eventually closed down
Sales	Sold 250,000 cans in California, earning $175,000 in sales before Shark Tank
Competitors	PepsiCo, Coca-Cola, Red Bull, Nestle, Parle
Update	Company is out of business; founder started a private equity firm in 2020.

 

Chill Soda FAQs

What Is Chill Soda And How Does It Work?

Chill Soda is a soft drink that was promoted as a healthier alternative to regular soda. It was created by Dan Mackey, who recognized the need for a healthier alternative to regular soda after seeing the harmful effects of regular soda on students.

Chill Soda comes in four flavors: Chill Kola, Chill Pome, Chill Guava, and Chill Limon. The soda is made with agave syrup and is free of artificial sweeteners. It is advertised as having reduced sugar and calorie content, but it is also pleasantly tasty and beneficial to drink.

Chill Soda appeared on Shark Tank and received an investment from Barbara Corcoran. However, the company is no longer actively selling the product and is considered out of business. The website is still active but says the soda is “coming soon”. There are no public stores available yet.

Who owns?

The company is owned by Dan Mackey, the founder.

What Was The Outcome Of Chill Soda Shark Tank Pitch?

During the Shark Tank pitch, Dan Mackey presented his company, Chill Soda, and asked for a $50,000 investment in exchange for 10% of the company’s equity shares. He shared that the company had already sold 250,000 cans in California, generating $175,000 in sales.

The sharks were impressed by the product and its taste, but they also questioned Mackey’s experience in the industry.

Despite being urged not to by her fellow sharks, Barbara Corcoran put an offer of $50,000 for 20% equity on the table, which Mackey accepted. After the investment, the company was valued at $250,000.

However, Chill Soda failed to become successful and eventually shut down due to its inability to generate enough revenue to sustain operations.

The company was never seen after the investment of Barbara Corcoran, and there are no public stores available yet. The Chill Soda website is still active, but the company is considered out of business.

What Happened To Chill Soda After Its Appearance At The Shark Tank?

After appearing on Shark Tank, Chill Soda received an investment of $50,000 for 20% equity from Barbara Corcoran.

Despite the investment, the company failed to gain traction in the market and eventually closed down due to its inability to generate enough revenue to sustain operations. The company was valued at $2.5 million after Corcoran’s investment. Chill Soda’s current net worth is unknown.

The company never took off after its appearance on Shark Tank in 2009, and there are no official stores of Chill Soda in California except for its mere presence on the web. The website is still active, but the company is not actively selling the product.

What is their offer on Shark Tank?

Looking for $50,000 for 10% equity shares.

Did they get an offer?

Yes. Barbara made an offer of $50,000 for 20% ownership of the company.

Where are they located?

Chill Soda has its main office in Stellenbosch, Western Cape.

Is still in business?

No, the company is no longer in operation.

What is the value of the company after the Shark Tank?

After the successful funding of the Shark Tank transaction, Chill Soda was valued at $250,000 before ceasing operations following an investment from Barbara Corcoran.

Who are the competitors of Chill Soda?

PepsiCo, Coca-Cola, Red Bull, Nestle, and Parle are some of Chill Soda’s main competitors.

How did Chill Soda get on Shark Tank?

Chill Soda got on Shark Tank after winning a contest on YouTube which allowed it to be one of the few selected companies to appear on the show.

What is Chill Soda’s phone number?

There is no phone number for this company since it is not operating at the moment.

Has Chill Soda thought about franchising?

The company has not thought about franchising until now.

How is the business model?

The company operates using a franchise model, but it has no plans to franchise at this time.

Is a company private or public?

The company has ceased operating, so it cannot be public at the moment.

How many employees does Chill Soda have?

There are no employees at Chill Soda since it has ceased operation.

Is Chill Soda hiring?

Chill Soda is not hiring at the moment.

When was Chill Soda founded?

The company was founded in 2009.

What is the address for Chill Soda?

The address is not available at this time.

What is the revenue source for Chill Soda?

The revenue source for the firm is unknown at this time.

How many hours are there in a week?

There are no employees working at Chill Soda since it ceased operations. There are no records of how many hours are worked by employees.

Does the company accept online orders?

Chill Soda does not accept online orders at this time.

Where can you find Chill Soda’s website?

The website for the company is not available at this time.

Does Chill Soda offer discounts?

There are no discounts currently set by the company itself.

Is there a store locator for Chill Soda?

There is no store locator available at this time.

What is the weakness?

The weakness of the firm is that it has no background or history.

What are the advantages?

The advantages of the firm are that it is healthy and also great tasting.

Does Chill Soda make money?

Chill Soda does not make any profits at the moment.