Chill Soda Shark Tank Update (Season 1)

Chill Soda is a beverage company positioning itself as a healthier alternative to traditional sodas. The founder claims their soda contains fewer calories, with no artificial colors or chemicals, yet offers the same great taste as other sodas.

Company NameChill Soda
FounderDan Mackey
Founded2007
ProductHealthy Beverages
Asked For$50k for 10% equity
Final Deal$50k for 20% equity
SharkBarbara Corcoran Barbara Corcoran
Episode (Shark Tank USA)S1 E9
Air DateOct 13th, 2009
Business StatusOut of Business
WebsiteVisit Website
HeadquartersSausalito, California, USA
Lifetime Worth (Sales)$500k *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

Who Is The Founder Of Chill Soda?

Dan Mackey is the founder and CEO of Chill Soda. With a background in marketing, he holds a Bachelor’s in Journalism and Advertising, along with a minor in Economics from San Diego State University.

Dan has 13 years of experience as a sales and marketing consultant, specializing in building alliances. In 2020, he also founded a technology company called SecondTrades.

How Was The Shark Tank Pitch of Chill Soda?

Dan Mackey entered Shark Tank seeking $50,000 for 10% equity in Chill Soda. He highlighted the soda’s benefits, including its 85-calorie content—half that of typical sodas.

The Sharks enjoyed the taste, and Dan shared that he had sold 250,000 cans, earning $175,000 in revenue. Since he lacks extensive experience in the beverage industry, he collaborates with a beverage management consultant for distribution.

Daymond John declined to invest, criticizing Dan’s limited industry knowledge. Kevin Harrington also opted out, saying the business required substantial capital. Robert Herjavec and Kevin O’Leary both found it too risky and passed as well.

Barbara Corcoran, however, showed interest despite other Sharks advising her against it. She offered $50,000 for 20% equity, and Dan accepted.

Sharks Offers list!

SharksOffers
Barbara Corcoran Barbara Corcoran$50,000 for 20% equity
Kevin O'Leary Shark Tank Profile Kevin O’LearyNo Offer
Robert Herjavec Robert HerjavecNo Offer
Daymond John Daymond JohnNo Offer
Kevin Harrington Kevin HarringtonNo Offer
Founder’s (Countered)No Counter
Final Deals$50,000 for 20% equity

Chill Soda Shark Tank Update

Chill Soda secured a deal on Shark Tank, with Barbara Corcoran investing $50,000 for 20% equity. However, in a later interview, Barbara revealed that her investment was lost. Despite advice from Daymond, Kevin, and Robert against investing, Barbara had been optimistic about the company’s potential.

Research indicates that after 2020, Chill Soda went out of business and has no online presence.

Reports also suggest that the soda was not widely available in retail stores. In 2020, founder Dan Mackey shifted focus to his new technology venture, SecondTrades.

What Is Chill Soda’s Net Worth?

Chill Soda’s net worth is estimated at $0 million. While the Sharks have invested heavily in various businesses on Shark Tank, many operate at a loss, resulting in limited returns. However, some companies provide returns of 10x to 50x, helping to offset these losses.

Annual Revenue by Years

Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.

YearsAnnual Revenue
2008-20$500k *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
2009$50KBarbara Corcoran

The official address of Chill Soda was in Sausalito, California, United States.

No, Chill Soda has been out of business since 2020.

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