What Happened to Ice Shaker After the Shark Tank Pitch?
What is Ice Shaker?
The Ice Shaker is a double-walled, vacuum-insulated container that maintains the temperature of liquids for several hours. When filled with ice, the 26oz tumbler keeps beverages cold for 30 hours, while the larger 36oz tumbler keeps drinks frozen for up to 40 hours.
The tumblers have accessible fill lines, a screw-in agitator, a leak-proof lid, and an easy-to-carry handle.
“Ice Shaker is also excellent for the office, traveling, the pool, the beach, tailgating, hiking, camping, hunting, yoga, sporting events, and parties, among other places,” the company’s website states.
The container is suitable not just for protein powder shakes, but also for water, milk, beer, and mixed drinks.
Who is the Founder of Ice Shaker?
Ice Shaker was founded by Chris Gronkowski. Chris Gronkowski was a well-known National Football League player.
After finishing his professional football career with the Dallas Cowboys, Indianapolis Colts, and Denver Broncos, he used his business acumen to develop Ice Shaker.
Chris desired to locate a product that he could use throughout the day without switching between tumblers and shakers.
However, following more inquiry, he learned that nothing exactly like it existed on the market, that no single cup could accomplish the tasks of two.
That is when Chris decided to stop searching and started producing, aided by his four brothers Gordie, Rob, Dan, and Glenn.
Once Chris was happy with the design prototype, he began manufacturing and marketing Ice Shaker.
In the six months preceding the tumbler’s appearance on Shark Tank, they had already sold $80,000 worth of cups.
The product was sold online, as well as through Amazon and a few select retail locations.
What Happened to Ice Shaker at the Shark Tank Pitch?
Each Ice Shaker holds 26 ounces and is priced at $39.99. They are available for purchase on Amazon and straight from the company.
Chris, together with his brothers Rob, Dann, Glenn, and Gordie, arrives at the Tank seeking $100,000 in return for a 10% ownership in the firm. This is worth $1 million.
Chris advised the Sharks that he needed to work out and increase his muscle mass because he is the Gronkowski brother with the smallest size.
He was unsatisfied with the shaker bottles available at the time and hence invented the Ice Shaker.
Due to the stainless steel, vacuum sealed structure, drinks will stay cold for up to 36 hours. Additionally, the bottles will not sweat or collect odours in the way that plastic shakers do.
The Sharks were taken by the enthusiasm of the “Gronks.” They’ve also all competed in professional sports.
Sharks vs. Gronks pitted the Sharks against the Gronks in a chugging fight.
The team that swallows all of the water in their cups before flipping them over is the winner. Naturally, the Gronks triumphed, but they also issued product samples as consolation prizes.
Kevin O’Leary immediately began the process of appraisal. Chris disclosed that they had earned $80,000 in sales, including $35,000 in the most recent month, after promoting the product’s distinctive qualities.
Profit margins are favourable, with a cost of $5.00 and a price of $25.00.
They offer them on Amazon, in a limited number of retail locations, and through their own website.
Kevin mentioned that he like the item since he used to be a huge Gronk fan in his youth. He made a $100,000 offer to Chris in return for a 20% ownership in the business.
A-Rod is receptive. He runs many gyms and is a firm believer in synergy. Mark was invited to accompany him. Mark and Alex determined that a 10% stock stake was insufficient for them both.
Increases the ante to $150,000, a 20% increase.
Additionally, Mark stated that he intends to use it in the Mavericks locker room. Lori gave many suggestions, but Mark insisted on a fast answer.
Barbara makes a $100,000 offer in exchange for 10%, while Lori makes a $100,000 offer in exchange for 15%.
All of the Sharks were there, which was unusual for the Shark Tank.
Chris expressed appreciation for all of the offers and indicated an interest in seeing whether Lori will join Mark and Alex, but Mark is convinced that she will not.
A-Rod claims that he entered into an agreement with Mark and will not back out.
Chris responded that he was confident in the valuation and inquired as to whether they would accept $150,000 in return for 15% equity. Both Alex and Mark concurred.
What Happened to Ice Shaker After the Shark Tank Pitch?
Since airing and negotiating the arrangement with Mark and A-Rod, Chris has added seven additional colours, a 16-ounce shaker, and reusable stainless steel straws.
They claim to have sold “millions of dollars’ worth of items” on their website.
Ice Shaker now includes an update part. According to the update, the product made $3 million in revenue in the year after its debut broadcast.
Furthermore, they established an Amazon Store. Ice Shaker now has a 4.6-star rating on Amazon, with many consumers declaring it to be the nicest tumbler they’ve ever used.
By June 2021, the firm had generated an annual revenue stream of $1 million.
What is the Net Worth of Ice Shaker?
Chris, together with his brothers Rob, Dann, Glenn, and Gordie, arrived at the Tank seeking $100,000 in return for a 10% ownership in the firm. This implies a valuation of $1 million.
They accepted a $100,000 offer from Mark and Alex in exchange for 15%, resulting in a $666,666.67 valuation.
Who are the Competitors of Ice Shaker?
There are no known competitors for Ice Shaker.
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Ice Shaker FAQS
How much do Ice Shaker cost?
Ice Shaker is priced at $39.99. They are offered through Amazon, the business directly, and a few chosen retail locations.
How many different colours are there?
The ice shakers are available in six distinct colours: silver, grey, blue, black, red, and pink.
What is Ice Shaker made of?
The Ice Shaker is constructed of food-grade stainless steel, which is impervious to odours and does not retain liquids. It uses vacuum insulation to keep beverages cold for up to three hours.
Where can they buy an Ice Shaker?
They may be purchased on Amazon or straight from the business.
How long does it take for something to arrive?
Domestic orders, both standard and custom, will arrive within 2-4 business days of being sent.
All orders will be tracked in real time as they leave our warehouse.
Can they use their Ice Shaker in the dishwasher?
Simply wash it like any other cup, either by hand or in the dishwasher, and it will be like new; furthermore, it will never retain odours.
Which episode of Shark Tank featured Ice Shaker?
Ice shaker was featured on Season 9, Episode 4.
What happen to the Ice Shaker following the Shark Tank?
Ice Shaker has grown into a multimillion-dollar firm since its appearance on Shark Tank and has just expanded into a second office/warehouse to accommodate growing inventory demand.
Mark Cuban and Alex Rodriguez both had a significant role in the founding of Ice Shaker.
Who is the inventor of the ice shaker?
Chris Gronkowski is the founder of ice shaker
Is Chris Gronkowski’s claim that he got a contract on Shark Tank true?
Gronkowski was able to wrangle a $150,000 offer from Mark Cuban and Alex Rodriguez for a 15% stake in the company down to the initial $1 million Gronkowski requested.
Are all of the Gronkowski brothers athletes?
Five brothers make up the Gronkowski family: Rob, Gordie Jr., Dan, Chris, and Glenn.
Gordie Jr., the lone non-NFL athlete, played professional baseball. The other four were drafted into the National Football League.
Are Gronkowski’s parents married?
Gronkowski’s parents divorced in 2008. Gordie, Dan, Chris, and Glenn – all four of his brothers – all competed in college athletics and eventually became pro.
How much money did Ice Shaker earn?
The Ice Shaker has gone from $80,000 in six months to over $3 million in less than a year since its appearance on “Shark Tank.”
Currently, the company provides a varied selection of products, including six various bottle types and over 80 distinct SKUs.
Dishwasher safe are Ice Shaker bottles/tumblers?
Their bottles and tumblers are top-rack dishwasher safe. They do recommend, however, that they dry on a low heat setting. Lids that are dishwasher safe
Bottles and tumblers with patterned designs should be hand washed exclusively to avoid discoloration of the pattern.
How long will their Ice Shaker maintain the temperature of their drink?
Ice Shaker keeps beverages cold for 30 hours.
Which bottles/tumblers are the most suitable for hot beverages?
They like our 26oz Flex Bottles, 20oz Skinny Steel Tumblers, 12oz Skinny Mini Tumblers, and 12oz Stemless Wine Tumblers for hot beverages, as all of these containers have vented lids.
While their shaker bottles will undoubtedly keep beverages warm, they do not allow for the venting of steam generated by the liquid. The pressure caused by this steam may mistakenly force the pop-top to open.
Is it possible to use both shaker and flex lids on the 26oz cup?
YES! If customers are unable to decide between the Flex and Shaker bottles, they may choose one and purchase the other cover separately.
Are they wholesalers?
They most certainly do. On both customized and non-custom goods, wholesale pricing is available.
Are all of them compatible with normal cup holders?
Only their Stemless Wine Tumblers will fit in a cup holder. Each bottle and tumbler in their line will comply. Yes, the 36oz Ice Shaker bottle is included with the purchase.
From which country will their Ice Shaker be shipped?
Their things are always shipped from their Southlake, Texas headquarters.
