What Happened to Define Water Bottle After Shark Tank?
What is Define Water Bottle?
Define Bottle is a standard water bottle with a unique twist: it lets you to include the exquisite taste of fresh fruit into your water.
Its major goal is to give delicious, natural, nutritional beverages to children and adults, as well as an alternative to the sugar-filled, artificially flavored drinks that are so common on the market.
Carter Kostler of Virginia Beach invented the Define Bottle while he was just 15 years old and still in high school.
Who is the founder of Define Water Bottle?
Carter Kostler of Virginia Beach founded the Define Bottle while he was 15 years old and still in high school. Carter founded Define Bottle to give a tasty alternative to the sugary beverages he observed in the school cafeteria for students his age in high school.
Carter invented the Define Bottle when he was 13 years old, and it took only six months to go from concept to prototype.
It’s essentially a two-chambered water bottle with a filter in between. In one compartment, fresh fruit and water are placed, while in the other, plain old drinking water is provided.
The fruit-infused water filters through, flavoring the drinking water naturally. Carter designed the beverage in order to give healthier drinking options for youngsters.
His goal is to “wean an entire generation of kids off soda, one school district at a time.”
Carter has gotten a lot of positive attention, including recognition from President Clinton at the 2013 Clinton Foundation Health Matters Conference, coverage in Forbes Magazine, and Define Bottle being named one of Entrepreneur Magazine’s Top 100 Brilliant Companies.
That’s a lot of progress for a youngster who is still unable to drive! The Define Bottle is available via Amazon and the manufacturer.
What Happened to Define Water Bottle at Shark Tank pitch?
Carter Kostler presents the Define Bottle, a water bottle that uses fresh fruit to infuse flavor into drinking water, in Shark Tank episode 516, the Young Entrepreneurs Special. Carter is seeking for a Shark to help him with production and distribution funding.
Carter came on Shark Tank in seeking of $100,000 in return for a 20% stake in his firm, which was valued at $500,000.
He believes that the average American drinks 1-2 cans of soda every day. He intends to inspire Americans, particularly youngsters, to drink more water by flavoring the water with fresh fruit.
Carter has sold $65,000 in merchandise in the four months since the Define bottle was introduced to the market. His website’s sales were split between online and wholesale sales.
Whole Foods and David’s Teas, a Canadian specialist tea retailer, sell the Define bottles. The fee was $10, and the selling price is $30.
He’s spoken with a Chinese manufacturer that promises to be able to get the price down to $5 per device. The website obtains 2,000 hits each day and has a.5% conversion rate.
Lori Greiner believes that there is too much competition and that the prices are too high. She’s out.
Barbara Corcoran was shocked by the $300,000 development investment. She likes the product but doesn’t think she’ll get her money back. She’s also out.
According to Kevin O’Leary, it is uninvest able owing to the “tremendous amount of competition.” He’s out
Robert Herjavec was upset that David’s Teas has not placed a reorder, but he was willing to make a $100,000 offer in return for 40% ownership of the company due to the high risk. Carter demands a meeting with his parents.
When Carter arrives, he explains that he believes the business was worth $500,000 and makes a counter-offer, asking Robert if he was willing to take $100,000 in exchange for 30% equity shares. Herjavec declines to accept the counter offer due to the gravity of the situation.
Mark Cuban feels the risk was too large, as was the pressure from Carter’s parents’ mortgage. He’s also goes out. After the last Shark speaks, Carter exits the Tank without a Shark deal.
What Happened to Define Water Bottle After Shark Tank?
Although Carter appeared enthusiastic as he exited the Tank, he later admitted that the lack of a deal was initially discouraging.
Instead of being deterred by the setback, he went out and launched the Define Bottle. Within a few months, he’d secured deals with a slew of major retailers, and sales had surged to $2 million.
Carter got her big break when singer Carrie Underwood approached her about creating a design. Because of their friendship, he was able to enter Dick’s Sporting Goods and Target. For three years, he was also a youth ambassador for The Alliance for a Healthier Generation.
Carter returns to Shark Tank in May 2015 for the premiere of Episode 1 of Beyond the Tank. Carter was able to show the Sharks how far he’d come without their assistance by highlighting the Define Water Bottle as a success story.
Carter, like many other business owners, learned just as much from failure as he did from success. He’s well on his way to achieving the American Dream, one water bottle at a time.
Carter resigned from the corporation in 2016 to join the United States Marine Corps. As of January 2022, he is still a reserve in the Amphibious Assault Vehicle Fleet.
Define Water Bottle’s Competitors
The Define Water Bottle competed directly with the OXO Water Dispenser, Hydro Flask, and Nalgene.
Define Water Bottle’s Net Worth
The firm’s value was $500,000 during and after the pitch; however, the company went out of business in 2016, hence the company’s net worth is unavailable.
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Define Water Bottle FAQs
What is Define Water Bottle?
Define Water Bottle is a fruit-infused water bottle that encourages people to drink more water by infusing it with all-natural fruit tastes.
Who was the inventor?
Carter Kostler invented the Define Water Bottle. It’s his first creation.
How much was seeking on Shark Tank?
Carter was seeking $100,000 for a 20% stake in the firm.
Did he have the deal?
No, the deal did not go through, and Carter departed Shark Tank without a deal.
Is Define Water Bottle still in operation?
No, Define Water Bottle is no longer in business.
Where was Define Water Bottle located?
The Define Water Bottle headquarters are in Boston, Massachusetts.
Define Water Bottle does not have a website and no social media profiles.
What was the total raise by Define Water Bottle?
Carter made $65,000 in sales in the first four months after launching Define Water Bottle.
How does the Define Water Bottle work?
It’s a simple two-chamber water bottle, but instead of sipping ordinary water, it’s infused with fruit tastes.
What is Define Water Bottle made of?
Define Water Bottle is composed of BPA and Phthalate-free materials to ensure your health and safety.
Why people like Define Water Bottle?
Many people prefer the Define Water Bottle because it is a cheap and healthful method to add fruit flavor to bottled water.
How much does the Define Water Bottle cost?
A bottle costs $30, however it can be obtained in larger quantities for less than $10 for more than a year’s supply.
What sizes and colors are available for the Define Water Bottle?
Define Water Bottles are available in one size and three colors.
Where is Carter Kostler now?
Carter is now serving in the United States Marine Corps.
