Chill Systems Cooler Shark Tank Net Worth 2023
Chill Systems Cooler Shark Tank Net Worth
As of 2023, Chill Systems is worth approximately $1 million, although it is unclear if the company is still in business.
Chill Systems is a lightweight, eco-friendly, portable beverage chiller founded by Chase Mitchell and Brian Bloch.
The company was featured on Shark Tank in Season 12 Episode 17, where the founders asked the Sharks for $150,000 for 15% equity. However, they did not receive any deals from the Sharks due to their doubts about the business idea.
Since then, Chill Systems has been featured by several media publications including Yahoo Sports, NBC, BuzzFeed, and Inc..
What is Chill Systems Cooler? Who is the founder of Chill Systems Cooler?
Chill Systems Cooler is an eco-friendly, lightweight, and durable cooling solution with freezing gel within its walls and an outer coating that creates an ice chamber to keep your drinks chilled.
The compact size, similar to that of a football, can cool up to 12-16 ounce cans or a 750-ml wine bottle using the wider aperture on the side.
The concept was developed by college friends, Chase Mitchell and Brian Bloch, who recognized the need for a practical and portable method for cooling beverages.
Before joining Chill, Chase was a sales associate at Google, while Brian worked in finance, including at Apple Finance, and founded a startup-focused management consulting business called Elbay Endeavors.
The coolers are constructed as rigid tubes filled with a freezing substance and come with a carrying strap in a variety of colors and patterns.
They also offer a transport pack and insulated cooler bags with the same no-ice technology. Depending on color and design, the chillers range from $49.95 to $59.95, while the pack and bag are both $69.95.
Chill Systems successfully launched a Kickstarter campaign in August 2018, which raised $53,172 and was able to ship by Christmas that year, though some supporters did not receive their orders in time.
Nowadays, Chill Systems primarily sells promotional items on its website, Amazon, and wholesale.
Chill Systems Cooler Shark Tank pitch
Chase Mitchel and Brian Bloch present their iceless coolers, Chill Systems, to potential investors on episode 1216 of Shark Tank. Their hope is to secure financial backing for inventory and retail expansion.
During their pitch, they demonstrate the convenience of their product by showcasing a Chill System cooler while Brian struggles with a traditional cooler and ice bag.
The entrepreneurs offer a 15% stake in their $1 million company for $150,000.
The Sharks are unimpressed with the sustainability argument and express concerns over the competition from alternative coolers with built-in chillers that can hold more beverages.
Despite the company’s claim that the product only costs $18 to produce and that ice is their main rival, none of the Sharks are convinced.
As a result, none of the Sharks invest, and the entrepreneurs leave the pitch without a deal.
The episode was rebroadcast in July 2021, less than four months after its initial airing, but the result remained the same.
However, the company is still operating and actively promoting its products on social media. As of January 2022, Chill Systems has an annual revenue of over $4 million.
Competitors of Chill Systems Cooler
The primary competitor of Chill Systems Cooler is Ice.
Net Worth of Chill Systems Cooler
The company valuation was $1 million during and after the pitch, since then the company has been performing well in sales with annual revenue of over $4 million as of January 2022, and hence the company net worth should be high.
Chill Systems Cooler Shark Tank Updates
Chill Systems is a lightweight, eco-friendly, portable beverage chiller that appeared on Shark Tank Season 12 Episode 17.
The founders, Chase Mitchell and Brian Bloch asked the Sharks for $150,000 for 15% equity, but none of the Sharks were willing to invest in the business.
The Chill Systems cooler is made from recycled materials and freezing gel, which acts like a wall and becomes an ice chamber.
The product promises a 20-degree temperature drop in the first hour with a cooling capacity of up to six hours.
As of September 2022, the Chill Systems website is showing that the product is out of stock, and it is also not available on Amazon.
The website has not been updated since July 2021, and social media has not been updated since July 2021.
As of 2023, Chill Systems is worth approximately $1 million, although it is unclear if the company is still in business. Chill Systems primarily sells promotional items on its website, Amazon, and wholesale.
In conclusion, Chill Systems did not receive a deal on Shark Tank, and the company’s current status is unclear. The product is currently out of stock, and the website and social media have not been updated in over a year.
However, the company is still worth approximately $1 million, and it primarily sells promotional items.
Summary Table about Chill Systems Cooler:
| TOPIC | INFORMATION |
| Company worth (2023) | Approximately $1 million |
| Founders | Chase Mitchell and Brian Bloch |
| Product | Eco-friendly, lightweight, and durable cooling solution with freezing gel inside its walls and an outer coating that creates an ice chamber to keep drinks chilled |
| Competitor | Ice |
| Shark Tank pitch | Presented on Season 12 Episode 17, asked for $150,000 for 15% equity, but none of the sharks invested |
| Kickstarter campaign | Successfully raised $53,172 in August 2018 |
| Current status | The website shows product is out of stock, and it is not available on Amazon |
| Annual revenue (January 2022) | Over $4 million |
| Primary sales channel | Promotional items on their website, Amazon, and wholesale |
| Net worth | Should be high due to successful sales performance |
Chill Systems Cooler FAQs
What Is The Current Status Of Chill Systems?
Chill Systems is a lightweight, eco-friendly, portable beverage chiller that promises to keep drinks cold for up to six hours. The chiller is made from recycled materials and uses freezing gel to create an ice chamber.
The product was featured on Shark Tank Season 12 Episode 17, where the founders, Chase Mitchell and Brian Bloch, asked for $150,000 for 15% equity. However, none of the sharks were willing to invest in the business, and the founders left without a deal.
As of August 2022, Chill Systems’ website shows that the product is out of stock and not available on Amazon.
Despite having sold over $111,000 worth of Chill Systems in just over two years, the founders were losing money on each cooler sold.
Brian Bloch is still associated with the business, according to his LinkedIn profile, but it is unclear what the current status of Chill Systems is.
Who is the founder?
Chase Mitchell and Brian Bloch founded Chill Systems Cooler. Chase worked as a sales associate at Google before to joining the Chill. Brian has had a variety of finance roles, including one at Apple Finance.
Brian is also the founder and owner of Elbay Endeavors, a management consulting business that works with start-ups. That experience was most likely highly beneficial in the development of the Chill Systems company.
What Was The Outcome Of Chill Systems Pitch On Shark Tank?
Chill Systems appeared on Shark Tank in Season 12 Episode 17, where the founders, Chase Mitchell and Brian Bloch, asked for $150,000 for 15% equity in their company.
They pitched their lightweight, eco-friendly, and portable beverage chiller that could hold up to three drinks at a time.
However, none of the sharks were interested in investing in Chill Systems, and they left the tank without a deal. The sharks expressed concerns about the business idea and the sustainability argument.
According to a recent update, Chill Systems is no longer in business. However, they used to sell their products online, including the Chill Systems Adventure Pack and Picnic Tote, which could keep the Chiller cold for up to 24 hours.
Nowadays, Chill Systems primarily sells promotional items on their website, Amazon, and wholesale. As of 2023, Chill Systems is worth approximately $1 million, although it is unclear if the company is still in business.
What Were The Reasons For Not Getting A Deal On Shark Tank?
Appearing on Shark Tank can be a great opportunity for entrepreneurs to gain publicity and investment for their business ideas.
However, not all entrepreneurs are successful in securing a deal with the sharks. The reasons for not getting a deal on Shark Tank can vary, and it does not necessarily mean that the business is unsuccessful.
Some entrepreneurs have turned down deals on Shark Tank and still managed to thrive as a business.
For example, Sleeping Baby, the company behind the Zipadee-Zip swaddle transition product, received three different offers from the sharks and ended up striking a deal with Daymond John for $200,000 in exchange for a 20 percent stake in the company.
However, during the due diligence process, the company realized that they already had everything they needed to succeed and turned down the deal.
They learned that change equals growth and that they needed to constantly improve and streamline their processes.
Some entrepreneurs may not get a deal because the sharks do not see the potential in their business idea or do not believe that they can make a return on their investment.
Others may not be able to agree on the terms of the deal or may not be willing to give up too much equity in their company.
In some cases, not getting a deal on Shark Tank can still lead to success. For example, Ring CEO Jeff Siminoff said that sales increased after appearing on the show, even though he did not get a deal.
Similarly, some entrepreneurs who did not get a deal on Shark Tank have gone on to enjoy great success with their products.
How much were they seeking on Shark Tank?
They were seeking for $150,000 in exchange for 15% stake in their firm, which was worth $1 million.
did they have the deal on Shark Tank?
No, they didn’t have a deal on Shark Tank.
Is Chill Systems Cooler still in business?
Yes, Chill Systems Cooler is still running. They have annual revenue of $4 million as of January 2022.
Where is Chill Systems Cooler located?
They are located in Nashua, New Hampshire.
What is the Chill Systems Cooler website?
The website is https://chillsystems.com/
How much was the revenue of Chill Systems Cooler?
The revenue they have been generating increased significantly during the Shark Tank episode and is now over $4 million.
Where can I buy Chill Systems Cooler?
Customers can buy it now at Amazon, JCPenney, Walmart, Kohl, Amazon and other retail stores.
How much does Chill Systems Cooler cost?
A standard chiller costs $49.95 to $59.95, depending on the design and color of the tube. An insulated cooler pack costs $69.95.
Customers can choose from a variety of colors for both items, as well as several design patterns for the chiller itself.
Is there any particular product that you can consider?
Chill Systems Cooler offers a range of products from which customer can choose, they are: Original Chill System, Chill System Pack and bag, Chill Barz and Ice Barz.
How big is Chill Systems Cooler?
Chill Systems, which is roughly the size of a football, can cool 12-16 ounce cans at a time or one 750-ml wine bottle on the side with the wider aperture.
Is Chill Systems Cooler shipping?
Yes, they ship to over 175 countries.
How long will it take to get my purchase?
If customers choose standard delivery, it will take between 3-10 days. Customers who choose standard shipping outside the US may experience a longer delivery time. International customers should allow for 20 business days for their package to arrive.
How do I pay for Chill Systems Cooler?
The payment of Chill Systems Cooler is online only and supported by PayPal, credit card and debit card.
What is the return policy for a purchase?
Customers can return an item in 30 days from the date of delivery. If customers are not satisfied with their purchase, they can return it for a refund or exchange.
What is the benefit of Chill Systems Cooler?
Chill Systems Cooler is a lightweight, long lasting cooler built out of recyclable materials. They have freezing gel within its walls as well as an outside coating that forms an ice chamber to keep the beverages chilled.
Does Chill Systems Cooler work?
Yes, this product really works, customers can testify and testify to the fact how effective it is, it keeps the drink cold for quite a bit of time and that is what Chill Systems Cooler offers so.
What is the freezing point of Chill Systems Cooler?
The freezing point of the chiller is about -34°C, which is well below freezing to prevent any freezing.
What’s the difference between Chill Systems Cooler and other coolers?
Chill Systems Cooler offers a lightweight, long-lasting cooler built from recyclable materials. They have freezing gel within their walls as well as an outside coating that forms an ice chamber to keep your beverages chilled.
What is the net worth of Chase Mitchell?
Chase Mitchell has a net worth of approximately $1.5 million.
What is the net worth of Brian Bloch?
Brian Bloch’s net worth is not available.
