What Happened to IcyBreeze After Shark Tank?
What is IcyBreeze?
IcyBreeze is primarily a portable air conditioner and chiller. IcyBreeze is the first product of its kind, intended for ease of use, convenience, and keeping both consumers and their drinks cool.
The gadget is currently available in two models: Platinum and V2 Pro, with buyers able to choose from a variety of power sources and product add-ons like as the Super Speed Power Port and the 8-Foot Corded Remote.
IcyBreeze was created by David Yonce, an Oklahoma native. David has a tremendous ambition to pursue entrepreneurial pursuits, as indicated by his relentless history of building and directing great firms, notably SolarWinds, which is worth billions of dollars.
His business expertise spans two decades, commencing in the late 1990s, and involves work in a wide range of industries.
He has a diverse background in finance, business, and management, with skills spanning from network and system administration to outdoor products.
Who is the man behind IcyBreeze?
IcyBreeze was founded by David Yonce, an Oklahoma native. David has a tremendous ambition to pursue entrepreneurial pursuits, as seen by his unwavering track record of developing and leading excellent companies, most notably the multibillion-dollar SolarWinds.
David’s air conditioner/cooler hybrid story begins and ends with a camping trip. David and his son were camping one night, and the temperature hadn’t dropped below 90 degrees Fahrenheit even after nightfall.
They couldn’t sleep and eventually decided to pack up camp and head home. They joked between themselves that if they could only sleep in the cooler, they may have survived the night.
The IcyBreeze looks like a regular cooler save for a battery-powered fan on top and a retractable cooling duct.
Simply add some water to the ice in the cooler to chill it, and the fan will circulate cooled air through the duct.
It works on the same concept as old-fashioned swamp coolers, which were the precursors to contemporary air conditioners.
The product was tested in Sam’s Clubs and Walmart in 2015. Charging cords are included with some versions of the battery packs.
Apart from chilling off a camper, pets can be left in cars with an IcyBreeze running. It’s a pricey cooler at $275-$425, but the dual purpose helps to justify the price. The item has proven popular at outdoor and camping shows, and it is also available on Amazon.
What Happened to IcyBreeze During Their Shark Tank Pitching?
The gentlemen decided to propose their product to Shark Tank investors in episode 15 of Season 7 of IcyBreeze on Shark Tank in order to lower manufacturing costs and receive aid with big box distribution.
Jason, Dave, and Andrew entered the Shark Tank seeking $50,000 in return for a 5% ownership in their firm worth $100,000.
It is claimed that being hot is uncomfortable, which is why the first portable air conditioner/cooler was designed.
The cold water from the cooler is pumped into a radiator, which then blows the cooled air via a duct. The product is portable and wireless. When the Sharks learn that the retail price is $349, they erupt in applause.
Kevin O’Leary thinks he can obtain a standard cooler for $30-50, but the men explain that the nickel battery adds $191 to the manufacturing cost.
So far, they’ve sold 1700 units and made a profit of $125,000. They anticipated sales of $2.5 million. Yonce has made a total investment of $5.5 million in the firm.
When he sold his prior firm, Solar Winds Software, he received the monies. He got the idea for Icy Breeze while on a camping vacation. He tells the Sharks that he isn’t asking for money, but rather a strategic partnership.
“It’s not about the size of the cheque,” says Mark Cuban, yet motivation might fade at times. He doesn’t think there’s an escape; he’s out.
“You don’t need us,” Daymond John says, and he doesn’t have the time; he went out.
Kevin O’Leary was out because he doesn’t think people would pay $400 for a cooler.
Robert Herjavec states that they wouldn’t have constructed it if he didn’t have the money, and he doesn’t think anybody would purchase it; he’s out.
Lori Greiner went out because she believes there isn’t enough history and it’s pricey. Finally, the men exited the pitch without a deal.
What Happened to IcyBreeze After Shark Tank?
Despite failing to land a deal on Shark Tank, the IcyBreeze creators did take some of the Sharks’ advice. Because the Sharks’ high price point was a huge hurdle, Jason, Dave, and Andrew began working on altering their design.
The new IcyBreeze has a less expensive battery. The new battery lasts 6 hours on low, 4 hours on medium, and 2.5 hours on high, according to the website, but what it lacks in capacity it makes up for in price.
The Icy Breeze is now available for $249, which is $100 less than the Sharks’ suggested pricing.
Their social media presence is active, with a 4.4 star rating on Facebook. Despite the hefty price, customers appear to be pleased with their portable air conditioning equipment.
The units are available both on their website and on Amazon. The three proprietors of IcyBreeze weren’t quite cold enough for the Sharks, but they look to be chilling all the way to the bank.
The company is still operating well in August 2021. The yearly revenue of the corporation is $3.6 million.
IcyBreeze’s Competitors
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. are the company’s main rivals.
IcyBreeze’s Net Worth
During and after the pitch, the firm was valued at $100,000; since then, the company has performed well in sales, with annual revenue of $3.6 million in 2021. This clearly shows that the company’s net worth might have been higher than that of pitch.
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IcyBreeze FAQs
What is the weight of IcyBreeze?
Icy Breeze is a lightweight device that does not require much space for storage in addition to being easy to carry. Customers can easily pick it up and carry it around along with its charger wherever they go. The weight of IcyBreeze is 7 pounds.
How long does its battery last?
Its battery lasts up to 5 hours on full blast and 8 hours on low settings.
What is IcyBreeze made of?
IcyBreeze is made of high-quality ABS plastic, which is durable and long lasting. It also has a nylon covering, which allows it to be easily cleaned and maintained.
How much does the IcyBreeze cost?
The IcyBreeze has a high price tag of $200-$300. While its cost might deter some customers, the product’s quality ensures that it is worth every penny spent on it for all those who buy or use it.
What is the temperature of IcyBreeze?
IcyBreeze can easily bring down the temperature in a room by 20 degrees. It operates at a relatively lower temperature compared to that of other air conditioners.
How does IcyBreeze work?
IcyBreeze works according to the same principle as an air conditioner, by circulating cooled air into the room with aid from cold water.
Where can I get it?
IcyBreeze is available through its website or on Amazon.
How much does IcyBreeze cost?
The IcyBreeze is pricey, starting at $275. However, it’s well worth the price purely because of how comfortable it makes them feel while using it.
Customers who buy this product won’t be disappointed with how comfortable it feels to use. This unit has gone through extensive testing that ensures that it functions well and works well.
Does IcyBreeze work with others?
It works with several other home appliances such as fans or heating accessories that have no refrigeration function.
Does IcyBreeze have warranty?
Yes, it has a 2-year warranty. The company will give the customer a replacement if anything goes wrong with the product during this period.
Where is IcyBreeze made?
IcyBreeze is made in China and it has assembled there under top quality standards that assure customers that it is made with quality components and materials.
What is IcyBreeze return policy?
Icy Breeze has a great return policy, which allows customers to return the product within 30 days of purchase if they do not like the product for whatever reason.
How quiet is IcyBreeze?
Users have noted that this air conditioner is relatively quiet, making it ideal for use in homes with children or roommates who may not appreciate loud noise.
