ISLIDE SHARK TANK PORTABLE

Robert ask them why they were evaluating their business at 12.5 million dollars. Lori asked about the patent, and she was told that they had three applications out, and they were all related to the utility of the product. Phillip explains that the technology that they used to make the perfect foam for the beer with sound waves, which Robert found particularly impressive. Almost certainly, the next question would be related to a patent. Robert wondered how the technology actually worked. Philip told the sharks that they quit their jobs the day after they hit their goal, and they’ve been running ever since. Philip told the sharks that they did a campaign on the crowdfunding site Indiegogo, and they surpassed their goal of $50,000 by $450,000. Since the Sharks were very easily impressed by margins, this was almost perfection. They told her that it retailed for $199 and it costs just $38 to make. Lori started getting into the meat of the financials, asking them how much it cost to make the Fizzics machine. Kevin O’Leary told them that it wasn’t half bad. That was enough to impress even Daymond John. In less than a year, Fizzics had made 3.2 million dollars. All the Sharks began groaning, but he interrupted them what the actual sales figure. He declared it highway robbery.ĭavid backed up his claims by telling Kevin that they had just started shipping product 8 months ago. but I know Kevin was leery of their valuation. Wonderful – told the two businessmen that he was extremely skeptical of the product when they began their presentation, and now he was impressed. All of the Sharks agreed that the Fizzics beer was hands down better as opposed the regular draft. Robert told the two entrepreneurs that the foam was especially delicious.ĭavid informed him that the foam was the most important part of a typical beer drinking experience. After each Shark tasted the regular draft beer and the Fizzics draft, they declared the Fizzics to be much smoother and tastier than the regular beer. Of course, Robert was the first one to ask for a sample.Įach of the sharks tasted the assortment of beer out in front of them, and Mark Cuban made a toast. They ended their presentation by asking the Sharks who wanted to try the beer for themselves. Both men made exaggerated excited noises, and the Sharks laughed along. David insisted that it produced the perfect texture and aroma of foam, and making it better than regular draft beer. Once the beer glass was mostly full, David demonstrated reversing the motion of the lever, which produced a foam on top of the glass with soundwaves. Once a container was placed under the spout, the system would begin to pour the beer at a controlled pressure rate without gas, chemicals, or even cartridges that needed to be replaced. David claimed that Fizzics could be used with any size container, from a 12 ounce can to a 64 oz growler.

ISLIDE SHARK TANK PORTABLE

they described it as a portable draft that would deliver better tasting beer than even a brewery would. The pair showcased an item that looked like a Keurig for beer. Phillip stated the obvious – that most beers were served in cans and bottles if they were not being handed out at a bar or a brewery tour. David joined in, stating that many brewers intended their beverages to be served fresh from the tap. He asserted that his company would change the way that beer was served, and how it was taken on the go. Phillip began the Fizzics presentation by telling the Sharks something they already knew – that beer was awesome, especially when it’s fresh. That was a pretty risky move considering most of the Sharks would refuse to get out of bed for less than 20%, depending on the viability of the business venture. They introduced themselves nervously to the Sharks, and David told them that they were seeking a $500,000 investment in exchange for 4% equity stake in the business. They were the first business to appear on the highly anticipated 8th season of the show. Philip Petracca and David Mcdonald walked out into the Shark Tank and onto the stage. David and Phillip ran a successful crowdfunding campaign for Fizzics, quit their job, and headed to the Shark Tank to expand into the markets they wanted to tap. They found a way to make the best beer foam – not with CO2, but with soundwaves. David and Phillip were at a pub one day, and a thought hit them – Why does beer taste so much better from the tap than from the bottle or the can? The pair joined forces and turned to science to find a way to bring the freshness of the tap to the home market.

Islide shark tank