What Happened to Third Wave Water After Shark Tank?
What is Third Wave Water?
Third Wave Water is an all-natural mineral blend that, when mixed with distilled water, yields the greatest coffee-brewing water.
Third Wave Water’s designers, Charles Nick and Taylor Minor, had previously generated a sensation in the realm of specialty coffee brewing.
Third Wave Water packets include three essential minerals for both the espresso and traditional water characteristics.
Simply combine one packet of minerals into one gallon of distilled water before pouring the mineralized water into your choice brewing device.
Who is the founder of Third Wave Water?
Third Wave Water was founded in 2016 by Taylor Minor of Telemetry Roasters and Charles Nick of The Wright Cup. Third Wave Water began on a typical dinner night in Ohio, when Nick expressed a desire to develop a concentrate of Minor’s refined water blend for his coffee clientele.
Charles and Taylor both have technological backgrounds. They were also the owners of a few coffee businesses. Charles attempted to recreate Taylor’s water blend, which he had perfected at his business.
That’s when the concept for Third Wave Water capsules was born. They began in January 2017 with a successful Kickstarter campaign that raised $26,795 in financing.
The capsules come in two varieties: classic and espresso. One gallon of water is treated by a packet of 12 capsules, which costs $15.
A package of twelve five gallon capsules costs $25. It works out to around ten cents each cup of coffee. Several internet reviewers scoffed at the idea of dried water, while others stated it gave a small bit of flavor to coffee.
What Happened to Third Wave Water at Shark Tank pitch?
Charles Nick and Taylor Minor were looking for a Shark to help them with marketing and distribution when they presented Third Wave Water on Shark Tank episode 3 seasons 9.
Charles and Taylor entered the Shark Tank for $100,000 in return for a 10% stake in their firm, which worth $1 million.
They tell their story, make their pitch, and then serve two cups of coffee to each Shark. One cup of coffee was brewed using tap water, while the other was made with their processed water.
The Sharks all agreed that the Third Wave coffee was the best. Sales in 2015 were barely $4000. They made $66,000 in 2016, and they plan to make $120,000 in 2017.
Lori believes that combining the packets with filtered water was too complicated, so she exits.
Robert was drawn to Lori for the same reason. Kevin believes there was a market for this, but it was insufficient for him; he goes out as well.
Mark believes it’s too specialized for him, therefore he’s out.
Barbara was enthusiastic about the concept and feels she can make it a success. She offers $100,000 in exchange for 33.3% ownership and a $2 royalty each unit until her money was repaid.
The males respond with $100,000 for 25% equity shares and a $1 royalty, which Barbara accepts, and they ultimately leave the presentation with a deal.
What Happened to the Third Wave Water After Shark Tank?
The deal with Barbara did not close after the show aired, and the two guys left the pitch with a deal, but they still have access to some of the people she works with.
They still have a good relationship, and she is featured on the company website’s header. As a result of the “Shark Tank Effect,” sales grew as projected.
In 2019, Tethys, coffee shop water filters and mineralization system was unveiled. They provide the system on a lease basis.
It basically integrates their water mineralization powder into a commercial grade reverse osmosis system. The company is still in operation as of January 2022, with annual revenue of $1 million.
Third Wave Water’s Competitors
Third Wave Water has one big and two minor competitors, such as Safewater and CoffeeDrop.
Third Wave Water’s Net Worth
During the pitch, the firm was valued at $1 million; following Barbara’s investment, the company was valued at $400,000. The company has an estimate net worth of $2.5 million.
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Third Wave Water FAQs
What makes Third Wave Water different?
Third Wave Water is the only water product of its kind, due to the minerals that are in it. It contains calcium, magnesium, and carbonates. The minerals balance the brew in a neutral pH, which isn’t found in tap water or other bottled/filtered shipping water.
Do I need to use Third Wave Water with my home machine?
No-people can use normal tap water or bottled/filtered shipping water with their home machine.
How does Third Wave Water help me make better coffee?
Third Wave Water has three important minerals that are balanced by the water that’s in it, which gives you great coffee every time. Unlike bottled/filtered shipping water, it does not have to have a specific pH level for your machine to function properly.
Does Third Wave Water make my coffee bitter?
No-the minerals balance the brew and eliminate any bitter taste from the water or beans used.
Does Third Wave Water hurt or damage my machine?
No-it’s a harmless water mineralization that occurs during the brewing process. This is something that is commonly used in coffee machines and espresso machines around the world.
Is Third Wave Water safe to drink on a daily basis?
Yes-there’s no risk of harm to the body. It won’t cause nausea or any health concerns at all, so it can be safely consumed on a daily basis.
How long will the capsules last?
The average capsule lasts 3 to 4 weeks. The third wave capsules can be reused, too.
How much caffeine is in Third Wave Water?
The coffee uses coffee beans, which are roasted and subsequently ground. At the end of the brewing process, there’s an estimated 90mg per cup of brewed coffee. With third wave, it varies; upper ranges are 200mg with lower ranges being 80mg per cup.
How much water is in the capsules?
The capsules contain 250mg of water, which is traceable to the nearest drop.
Will Third Wave Water help me get a better night’s sleep?
One of the major benefits of drinking Third Wave Water is that it will help people get a better night’s sleep. This is because it was created with a balanced mineral mix, which balances the coffee and gives them great tasting coffee every time.
How much does Third Wave Water cost?
The capsules come in two sizes: 100mg and 250mg. The price for a 15-pack is $25.00 and the price for a 10-pack is $18.00.
Does Third Wave Water have any side effects?
Third Wave Water is completely safe to use. There’s no risk of side effects at all. This can be safely consumed on a daily basis, too.
Will Third Wave Water help me lose weight?
There’s no reason to worry about losing weight with Third Wave Water. The mineral mix in it will help you get a better night’s sleep, which will allow you to burn fat and be healthy on the inside and out.
16. How much coffee do I add to get great coffee?
It’s recommended that customers use 2 scoops of the mix for every 6 ounces of water. This makes it slightly stronger that the 2-1 ratio in normal bottled/filtered shipping water, which usually has 100mg to 200mg per cup.
What is Third Wave Water made of?
Third Wave Water is made from a proprietary mineral blend that was developed by the brand creators. It’s not based on natural minerals, but it is filtered and clean.
