Third Wave Water Shark Tank Update| What Happened to Third Wave Water after Shark Tank?
What is Third Wave Water?
Third Wave Water is a package of all-natural minerals that, when combined with distilled water, produces the best coffee-brewing water.
Charles Nick and Taylor Minor, the creators of Third Wave Water, had previously caused a stir in the world of specialty coffee brewing.
Third Wave Water packets provide three key minerals for each of the two water profiles: espresso and classic.
Simply add one packet of minerals to one gallon of distilled water, mix, and then pour this mineralized water into your preferred brewing apparatus.
Who is the founder of Third Wave Water?
Taylor Minor of Telemetry Roasters and Charles Nick of The Wright Cup founded Third Wave Water in 2016. Third Wave Water was born on an ordinary dinner night in Ohio, when Nick stated his wish to create a concentrate of Minor’s refined water blend for his coffee clients.
Charles and Taylor both have backgrounds in technology. They also owned a few of coffee shops. Charles sought to replicate Taylor’s water blend, which he had mastered at his store.
That’s when they came up with the idea for Third Wave Water capsules. They started their start in January 2017 with a successful Kickstarter campaign that collected $26,795 in funding.
The capsules are available in two flavors: traditional and espresso. A packet of 12 capsules costs $15 and treats one gallon of water.
The five gallon capsules cost $25 for a set of twelve. It comes out to little about 10 cents per cup of coffee. Several internet reviewers ridiculed the concept of dehydrated water, while others claimed it added a tiny amount of delight to coffee.
What Happened to Third Wave Water at Shark Tank pitch?
In Shark Tank episode 3 of season 9, Charles Nick and Taylor Minor, the founders of Third Wave Water, sought a Shark’s help with marketing and distribution.
They asked for $100,000 in exchange for a 10% stake in their company, which they valued at $1 million.
They presented their product by offering the Sharks cups of coffee made with tap water and their processed water. All Sharks agreed that the coffee made with Third Wave Water was superior.
However, some Sharks felt that the product was too niche or complex and ultimately Barbara Corcoran offered $100,000 for 33.3% ownership shares and a $2 per unit royalty until her investment is returned.
The founders countered with 25% equity shares plus a $1 royalty and Barbara accepted. They closed the deal and left the presentation.
What Happened to Third Wave Water after Shark Tank?
Although the deal with Barbara did not go through on the show “Shark Tank,” the two men were able to maintain a connection with her and continue using some of her resources for their business.
They still feature her prominently on their website and have seen an increase in sales, known as the “Shark Tank Effect.”
Their product, Tethys, a water filtration and mineralization system for coffee shops, was launched in 2019 and is available for leasing.
The system incorporates a special powder to mineralize the water and is a commercial grade reverse osmosis system. As of January 2022, the company has an annual revenue of $1 million.
Competitors of Third Wave Water
Third Wave Water consists of one large and two small rivals like Safewater and CoffeeDrop.
Net Worth of Third Wave Water
The company valuation was $1 million during the pitch, after Barbara investment the company valued at $400,000. In 2021 the company has a net worth of $2.5 million.
Third Wave Water FAQs
What is Third Wave Water?
Third Wave Water is a package of all-natural minerals that, when combined with distilled water, produces the best coffee-brewing water. Third Wave Water packets provide three key minerals for each of the two water profiles: espresso and classic.
Simply add one packet of minerals to one gallon of distilled water, mix, and then pour this mineralized water into the preferred brewing apparatus.
Who is the inventor?
Charles Nick and Taylor Minor, the inventors of Third Wave Water, had previously caused a stir in the world of specialty coffee brewing.
How much were asking on Shark Tank?
They were seeking for $100,000 in exchange for 10% stake of their company, which worth $1 million.
Did they win on Shark Tank?
They received $200,000 from Barbara, who invested them in exchange for 25% shares and a $2 per unit royalty.
Is Third Wave Water still in business?
Yes, the company is still in business as of January 2022 with yearly sales of $1 million.
How much are they selling on Show?
In 2015, sales were only $4000. In 2016, they made $66,000, and in 2017, they expected to make 3 times more than.
How is Third Wave Water produced?
To 500g distilled water, combine 8.6g bicarb (baking soda) and 25g Epsom salt. This is the primary focus. To 500g distilled water, add 2g of the concentrate. This is the water you’ll be brewing with.
What is the finest coffee water?
The mineral level of the water should be approximately 150 parts per million (ppm), and the optimal water pH for coffee is 7.0. (Neutral).
What is the return policy of Third Wave Water?
They offer a 30-day money back guarantee.
Why is the price varying?
They offer the lowest price of $15 per pack of 12, but you can get it for $20 elsewhere.
How are you sure that this is safe?
Nick and Minor have been preparing specialty coffee for years, and they have done their research. They have consulted with medical professionals to ensure the product is as safe as possible.
What is the guarantee offered by Third Wave Water?
They offer 100% money back guarantee, and they keep their word.
Can I cancel Third Wave Water order?
Yes, customers can cancel an order before it is shipped without any excuses.
Are the products available for international shipping?
Yes, International shipping is available through DHL, FedEx Express and UPS. Also, customers can use USPS for smaller packages.
How long does Third Wave Water take to ship?
They will process your order 24 hours after it has been placed, and then they will ship it within 3 business days including weekends. On top of that they also offer free shipping worldwide.
What is Third Wave Water website?
Their website is http://www.thirdwavewater.com/.
How do I contact Third Wave Water?
E-mail: contact@thirdwavewater.com
Telephone: +1 855-590-4500
What are the methods of payment accepted by Third Wave Water?
They accept PayPal, Visa and MasterCard credit cards.
Can I use an old coffee maker or Keurig?
Yes, they advise to not use their products in any other machines, but it is advised to check with the machine manufacturers first.
Third Wave Water appears to have a one-up on every other water filter and coffee maker listed in the guide. They are consistently ranked as the very best in quality and value for money, outclassing all of their peers (both small and large).
What is the net worth of Charles Nick?
The net worth of Charles Nick is estimated at $1.1 million.
What is the net worth of Taylor Minor?
Taylor Minor net worth is estimated at $400,000.
