IcyBreeze Shark Tank Update | IcyBreeze after Shark Tank
What is IcyBreeze?
IcyBreeze is mostly a portable air conditioner and a chiller. IcyBreeze is the first of its type, designed for simplicity of use, convenience, and keeping both consumers and their drinks chilled.
The device is now offered in two variants, Platinum and V2 Pro, with consumers able to select from a range of power sources and product add-ons such as the Super Speed Power Port and the 8-Foot Corded Remote.
David Yonce, an Oklahoma native, is the originator of IcyBreeze. David has a strong desire to pursue entrepreneurial endeavors, as evidenced by his tireless history of founding and leading successful companies, including the multibillion-dollar SolarWinds.
His commercial experience covers over two decades, beginning in the late 1990s, and includes work in a variety of areas. He has extensive experience in finance, business, and management, ranging from network and system administration to outdoor products.
Who is the founder of IcyBreeze?
David Yonce, an Oklahoma native, is the founder of IcyBreeze. David has a strong desire to pursue entrepreneurial endeavors, as seen by his relentless history of building and directing great firms, notably the multibillion-dollar SolarWinds.
The narrative of David’s air conditioner/cooler hybrid begins and finishes with a camping trip. David and his kid were camping one night, and even after dusk, the temperature hadn’t dropped below 90 degrees Fahrenheit.
They were unable to sleep and ultimately decided to pack up camp and return home. They joked between themselves that if they could only sleep in the cooler, they might have been able to make it through the night.
The IcyBreeze resembles a standard cooler save for a battery-powered fan in the top and a retractable cooling duct.
Simply add a little water to the ice in the cooler to chill off, and the fan will pump cooled air through the duct.
It operates on the same principle as old-fashioned swamp coolers, the forerunners of modern air conditioners. In 2015, the product was tested in Sam’s Clubs and Walmart. Some versions have charging cables with the battery packs.
Aside from cooling off a camper, dogs may be left in automobiles with an IcyBreeze running. At $275-$425, it’s a costly cooler, but the dual usage helps to justify the price. The device has been a hit at outdoor and camping fairs, and it is also available on Amazon.
What Happened to IcyBreeze at Shark Tank pitch?
In episode 15 of Season 7 of IcyBreeze on Shark Tank, the gentlemen decided to pitch their product to Shark Tank investors in order to reduce production costs and get help with big box distribution.
Jason, Dave, and Andrew offer $50,000 in exchange for a 5% stake in their company, which is valued at $100,000. Being hot is said to be unpleasant, which is why the first portable air conditioner/cooler was invented.
The cooler’s cold water pumps into a radiator, which then blows the cooled air through a duct. The product is wireless and portable. The Sharks cheer when they hear the retail price is $349.
Kevin O’Leary claims he can get a regular cooler for $30-50, but the guys explain that the nickel battery adds $191 to the production cost.
They’ve sold 1700 units so far, earning a profit of $125,000. They expected to make $2.5 million in sales. Yonce has invested a total of $5.5 million in the company.
He received his funds when he sold his previous company, Solar Winds Software. On a camping trip, he had the inspiration for Icy Breeze. He informs the Sharks that he isn’t looking for money, but rather a strategic relationship.
“It’s not about how big the check is,” says Mark Cuban, but you can lose motivation at times. He doesn’t believe there’s a way out; he’s out.
“You don’t need us,” says Daymond John, and he doesn’t have the time; he’s out. Kevin O’Leary is out because he doesn’t believe consumers will spend $400 on a cooler.
Robert Herjavec claims that if he didn’t have the money, they wouldn’t have built it, and he doesn’t think anyone will buy it; he’s out.
Lori Greiner thinks there isn’t enough history and that it’s overpriced; she’s out. Finally, the guys walked away from the pitch without a deal.
What Happened to IcyBreeze after Shark Tank?
Despite failing to clinch a deal on Shark Tank, the IcyBreeze developers did follow some of the Sharks’ suggestions. The Sharks’ high price point was a major impediment, so Jason, Dave, and Andrew started to work on revising their design.
The new IcyBreeze comes with a less costly battery. According to the website, the new battery lasts 6 hours on low, 4 hours on medium, and 2.5 hours on high, but what it lacks in capacity it makes up for in price.
The Icy Breeze is now on the market for $249, which is $100 cheaper than the price proposed to the Sharks.
Their social media presence is active, having an average rating of 4.4 stars on Facebook. Customers appear to be delighted with their portable air conditioning equipment, despite the high price.
The units are available on their website as well as on Amazon. The three IcyBreeze owners weren’t quite cool enough for the Sharks, but they appear to be chilling all the way to the bank.
In August 2021, the firm is still doing strong. The company’s annual revenue is $3.6 million.
Competitors of IcyBreeze
The company primary competitors are; Spot Coolers Inc., OceanAire Inc., Portatemp, Mobile Air Inc., Florida Refrigeration and Air, Powell Heating and Air Condition, Airstar Inc. and Florida Air Coolers Inc.
Net Worth of IcyBreeze
The company was valued at $100,000 during the pitch, since then the company has been performing well in sales with annual revenue of $3.6 million in 2021. This justify that the company net worth had elevated.
What is IcyBreeze?
IcyBreeze has widened the market of air conditioners to include drinks. The IcyBreeze is an air conditioner and a cooler in one.
It cools drinks, freezes them, or even charges your mobile devices. This piece of technology does everything and more than a regular air conditioner does.
Who is the founder?
The CEO of the IcyBreeze Company is David Yonce. He has been engineering in this field for a while.
How much were they asking on Shark Tank?
The company was asking $50,000 for 5% equity of their company in exchange for a $100,000 valuation.
How much money do they make from the Sharks?
None because they didn’t get any investment from Shark Tank.
Is IcyBreeze still in operation?
IcyBreeze is still in operation and may be purchased on their website, icybreeze.com, as well as on Amazon. In terms of in-person sales, the brand frequently attends outdoor and camping exhibitions, where it is consistently a hit. What is the price of IcyBreeze?
Starting at $349, the IcyBreeze isn’t their usual drink cooler, and it has a few flaws, but there’s no denying this digital home gadget is a fun, unique way to stay cool.
IcyBreeze, how much money have you made?
The IcyBreeze is mostly available online. According to Yonce, the firm has sold over 1,700 machines and expects to make $2.5 million this year. The product is also available at 56 Sam’s Club locations in seven states.
Will IcyBreeze keep a tent cool?
Those two quarts of extremely cold water are poured into the radiator, which cools the air being drawn across it. The cold air leaves through a vent in the cooler lid (ideal for their tent), or one may direct it with the flexible hose. It’s no secret that we enjoy cold beverages.
Can I get my money back?
They accept returns up to 30 days following the arrival of their IcyBreeze. Products that have not been used are eligible for a complete refund.
Is it safe to use the IcyBreeze indoors?
Absolutely! There are no chemicals required in the cooling process, and the electric motor emits no pollution.
How long can the battery are used?
The 6AH battery will last around 4 hours on low, 2.5 hours on medium, and 1.5 hours on high when fully charged. The 10AH battery has a runtime of 6.5 hours on low, 4 hours on medium, and 2.5 hours on high.
On a hot day, how long does ice last?
Three 10 pound bags of ice will last around 2-3 hours, depending on the quality of the ice and the temperature outdoors.
How loud does the IcyBreeze get?
The IcyBreeze operates at around 60 dB on high. A typical discussion has a decibel level of around 60.
Dry ice can be used in the IcyBreeze?
No. The IcyBreeze will spew out carbon dioxide and destroy the pump if dry ice and water are mixed together.
Is it possible to chill a room with IcyBreeze?
When we have power outages and the temperature inside the home rises, this works effectively as a cooling machine.
The IcyBreeze will not keep us cold in a huge room, but it will keep us significantly cooler in a small space. I’m quite happy with the ease of use, simplicity, and performance.
What is the net worth of David Yonce?
The net worth of David Yonce is estimated at $338 million.