IcyBreeze Shark Tank Update | IcyBreeze after Shark Tank
What is IcyBreeze?
IcyBreeze is a portable air conditioner and cooler that is designed for easy use and convenience.
It is available in two models, Platinum and V2 Pro, and offers options for power sources and additional features such as the Super Speed Power Port and 8-Foot Corded Remote.
The creator of IcyBreeze, David Yonce, is an Oklahoma native with a history of starting and leading successful companies, including the multibillion-dollar SolarWinds.
He has over two decades of experience in finance, business, and management, and has worked in various fields such as network and system administration and outdoor products.
Who is the founder of IcyBreeze?
David Yonce, founder of IcyBreeze, is a native of Oklahoma and has a passion for entrepreneurship, as evident from his successful track record of building and leading successful companies, including the multibillion-dollar SolarWinds.
The idea for IcyBreeze came to him during a camping trip where he and his child struggled to sleep due to the heat.
The product is a cooler with a built-in battery-powered fan and retractable cooling duct, which uses water and ice to cool the air.
It operates similarly to swamp coolers, which were the predecessors of modern air conditioners. The product was tested in major retailers such as Sam’s Club and Walmart and is available at a cost of $275-$425.
It has been popular at outdoor and camping events and can also be found on Amazon.
What Happened to IcyBreeze at Shark Tank pitch?
In Season 7, Episode 15 of Shark Tank, the founders of IcyBreeze, a portable air conditioner/cooler company, pitch their product to the Sharks in hopes of reducing production costs and securing help with big box distribution.
They offer a 5% stake in their $100,000 valued company for $50,000.
The Sharks are impressed by the product’s wireless and portable features, but are deterred by the high retail price of $349 and lack of sales history.
Ultimately, the founders walk away from the pitch without a deal from any of the Sharks.
What Happened to IcyBreeze after Shark Tank?
After not reaching a deal on Shark Tank, the creators of the IcyBreeze made changes to their design based on feedback from the Sharks.
They implemented a less expensive battery, which resulted in a lower overall cost for the product.
The new version of the IcyBreeze is now available for $249, a $100 decrease from the original price pitched to the Sharks.
The product has positive reviews and is being sold on the company website and on Amazon. The company is still successful, with an annual revenue of $3.6 million.
Competitors of IcyBreeze
The main competitors of the company 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.
IcyBreeze Net Worth
“The company’s net worth was estimated at $100,000 during the pitch, and since then, it has seen success with annual revenue of $3.6 million in 2021, indicating an increase in net worth. IcyBreeze currently has a net worth of about $3.6 million.
IcyBreeze FAQs
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.
If the equipment has considerable wear and tear, it will be subject to a 15% restocking charge or rejection. For more details, please contact us at shipping@icybreeze.com.
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.
