IceBeanie is an all-natural compression cold therapy solution designed for headaches, concussions, and migraines. It addresses a common issue: while applying a cold pack can help alleviate pain, holding it in place for long periods can be inconvenient and frustrating.
IceBeanie offers a practical solution. This innovative hat effectively relieves migraine pain and provides comfort for sports-related head injuries. To use, simply place the hat in the fridge or freezer for 45 minutes before wearing it.
The IceBeanie is crafted from soft microfiber polyester and features acupressure-designed gel packs. It stretches to fit comfortably on any head shape, providing effective and convenient relief.
| Company Name | IceBeanie |
| Founder | Nic Lamb |
| Product | Natural Compression Cold Therapy for Headaches, Concussions, and Migraines |
| Asked For | $50,000 for 20% Equity |
| Final Deal | $50,000 for 25% Equity |
| Shark | Mark Cuban |
| Episode (Shark Tank USA) | Season 12 Episode 13 |
| Air Date | February 12, 2021 |
| Business Status | In Business |
| Net Worth | $1 Million *estimated |
| Website | Visit Website |
| Address | Manhattan Beach, California, United States |
| Go To Amazon | Buy Now |
Another Shark Tank Pitch
Who Is The Founder Of IceBeanie?
Nic Lamb is the Founder and CEO of IceBeanie. Growing up in Santa Cruz, California, Lamb began surfing at the age of 5. By age 9, he was competing and had won numerous amateur events by the time he turned 12.
Lamb’s impressive achievements include being crowned Volcom Airshow Champion, NSSA Airshow Champion, and California State Champion. He joined the World Surf League in 2014 and has since established himself as a professional big-wave surfer. Notably, he competed in the Punta Galea Challenge in Spain and won the 2016 Mavericks Championship.
Did IceBeanie Get a Deal on Shark Tank?
Nic Lamb sought $50,000 from the Sharks in exchange for 20% equity in his company, IceBeanie.
The market potential for ice hats is substantial, given that 40 million people in the United States suffer from migraines, and the global market size is even larger. IceBeanie’s product costs $7 to make and retails for $39.95, a price set in July 2022. It is sold directly to consumers through the company’s website, Amazon, and Etsy.
Launched in 2020, IceBeanie achieved annual sales of $100,000 in 2021, selling 2,500 units within the year.
Kevin O’Leary expressed concerns about the market’s scalability and the difficulty of acquiring customers, leading him to decline the offer. Lori Greiner acknowledged the product’s quality but felt it wasn’t the right investment for her, so she opted out.
Mark Cuban saw potential in the partnership and offered $50,000 for 30% equity. Nic Lamb countered with a request for 25% equity, which Mark Cuban accepted. As a result, Mark Cuban became a partner in IceBeanie, investing $50,000 for 25% equity.
IceBeanie Shark Tank Update
IceBeanie addressed a widespread issue affecting 40 million people in the United States. The product gained significant exposure from its appearance on Shark Tank, leading to increased consumer interest and sales.
The company also received media coverage from major news outlets, including Fox Sports, CNBC, ESPN, TMZ, and FS1, further boosting its visibility.
In addition, IceBeanie expanded its reach internationally through Amazon, now available in countries such as Canada, the UK, and India.
By the end of 2021, the company reported annual revenue of $550,000, reflecting strong market performance.
What Is The IceBeanie Net Worth?
IceBeanie’s net worth is estimated at $1 million.
While their website design is impressive, their social media presence has yet to gain significant traction. To enhance reach and boost sales, the founder should focus on improving social media efforts to build a stronger following.
