What Happened to HydroMax after Shark Tank?
What is HydroMax?
HydroMax is a one-of-a-kind, patented portable water system that can be used on any pair of football pads. It also works when participating in volleyball, soccer, hockey, and other sports. The gadget may be installed on any shoulder pad and holds 16 ounces of water.
Chris founded HydroMax in 2007 in Houston, Texas, but soon married and had a family. He gave up his aim of bringing HydroMax to market in order to give the best possible support for his family, and instead entered the corporate business sector.
Chris is still as keen as ever to find a distributor for his product in 2011. Despite the fact that he is still working full-time in the corporate business sector, he recognizes he needs to take action to get this product out there.
Who is the man behind HydroMax?
Chris launched HydroMax in 2007, but soon married and had a family. He gave up his aim of bringing HydroMax to market in order to give the best possible support for his family, and instead entered the corporate business sector.
Chris is still as keen as ever to find a distributor for his product in 2011. Despite the fact that he is still working full-time in the corporate business sector, he recognizes he needs to take action to get this product out there.
Despite the fact that he is still working full-time in the corporate business sector, he recognizes he needs to take action to get this product out there.
Chris is passionate about his product because children are dying from dehydration on the football field. He had started the business a few years previously earning $100,000 in a year.
What Happened to HydroMax During the Shark Tank Pitch?
After creating HydroMax, Chris chose to propose his invention to Shark Tank investors for financial aid, a business partner, and, most importantly, a business partner.
Chris approached the Shark Tank seeking $50,000 offer in exchange for a 25% ownership in his business, which is worth $200,000.
He claims that children are dying as a result of dehydration while playing minor league football. Chris demonstrates how the shell protects the liquid-holding bladder from impacts and how the drinking tube is kept beneath the jersey when not in use.
The HydroMax system is designed to attach to any set of football pads, giving it a broad market appeal. The Sharks are interested and want to know how much it will cost and how much it will sell for.
The HydroMax was made for roughly $8 and retails for $49.95. Chris sold $100,000 in HydroMax systems in the first year he marketed his product, but after raising a family, he returned to the security of his corporate employment.
Barbara Corcoran is curious as to how Chris intends to commit time to the product. Chris also believes that a Shark will assist him in establishing a manufacturing and distribution network, allowing him to focus on sales.
Kevin O’Leary wants to collaborate with businesses that search out their own licensing opportunities. He believes that licensing the product is tough; hence he refuses to work with them.
Daymond John believes the company’s valuation is exorbitant and has exited from the deal.
Barbara Corcoran says she lacks the required ties for this type of business and, as a result, she went out.
On the field, there are just two Sharks left: Robert Herjavec and Jeff Foxworthy.
Robert Herjavec thinks the idea is excellent, but he believes the only person capable of carrying it out is Chris, whom he encourages to make sales calls while he exits the deal.
Jeff Foxworthy is intrigued about Chris’ plans for advancement. Chris has good suggestions and mentions that HydroMax has been tried by collegiate athletes as well as in the Hulu bowl. Foxworthy is surprised.
He is prepared to make a $50,000 offer for 50% ownership of the firm at a valuation of $100,000. Finally, Chris accepts the offer and the offer and exited the pitch with a deal.
What happened to HydroMax after he appeared on Shark Tank?
Following the pitch celebrations, the Foxworthy deal never closed, however the business continues to exist.
The system is currently being used by professional athletes on teams like as the Dallas Cowboys and the San Diego Chargers, as well as Pop Warner, high school, and college teams.
Chris Spencer is now the CEO of his company, and the system is thriving. Chris acquired venture capital investment in 2011 to support continued operations, the hiring of 13 new employees, and day-to-day operations with a countrywide presence.
As of November 2021, he is a Senior Business Account Executive with T-Mobile, and HydroMax sales are anticipated to exceed $2 million per year.
HydroMax’s competitors
UniTek Global Services, Wachs Water Services, ORI, Holland Board of Public Works, H&MV Engineering, Botcode, Roof Management, and Gewalt Hamilton Associates are competitors.
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HydroMax’s Net Worth
During the pitch, the company’s valuation was $200,000, and they had numerous $2 million sales. In 2021, the company’s valuation has also increased.
HydroMax FAQs
What Is the Cost of a HydroMax?
HydroMax is $49.95, and you can get more for your money.
How long does it take to get HydroMax?
Customers can expect to have their HydroMax in their hands within two weeks of placing their order, and the quicker they place their order, the faster they will get it.
How much H2O is contained within the system?
Their HydroMax holds as much concentrated H2O as a standard plastic bottle, but since the bladder contains exactly half a liter of water, they will perceive no difference when drinking from it.
Can I attach my HydroMax to a water bottle?
There are no restrictions on where to attach your HydroMax, although H2O bottles are not recommended since they may create leakage issues.
How many HydroMax can I get?
Each customer can purchase as many HydroMax systems as they need, but they cannot order additional HydroMax systems; there are not no more being manufactured.
Do I have to drink from the tube in the HydroMax system?
No, one can take their HydroMax and attach it to any water bottle.
Does it hold as much water as a regular-sized bottle?
Yes, and using the HydroMax has no impact on the health of their teeth or gums since water is injected into their mouth through large and small holes that are formed through the shell.
Does the HydroMax system involve cutting any holes into my football pads?
No, their HydroMax does not involve cutting any holes in their football pads.
How do I attach my HydroMax to the cleats and shoulder pads?
There are two options: one can use Velcro or an adhesive patch. The Velcro is used on the shoulder pad and the back of the helmet, while an adhesive patch is used on a similar area.
Is there a warranty with HydroMax?
Yes, their product has a 1-year limited warranty on parts and labor.
How do I order a HydroMax?
Customers who are interested in ordering the system can contact them using the phone number or email address located on the company’s website.
Who makes HydroMax?
The company is located in Simi Valley, California, and is run by Chris Spencer who, at that time, was in his early 50s.
How long will my HydroMax last?
A customer can expect the system to last for over 6 hours, depending on the usage/temperature of the H2O.
