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 Name | Chill Soda | |
Founder | Dan Mackey | |
Founded | 2007 | |
Product | Healthy Beverages | |
Asked For | $50k for 10% equity | |
Final Deal | $50k for 20% equity | |
Shark | Barbara Corcoran | |
Episode (Shark Tank USA) | S1 E9 | |
Air Date | Oct 13th, 2009 | |
Business Status | Out of Business | |
Website | Visit Website | |
Headquarters | Sausalito, California, USA | |
Lifetime Worth (Sales) | $500k *estimated | |
Buy and Watch | Buy Now | Amazon 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!
Sharks | Offers |
---|---|
Barbara Corcoran | $50,000 for 20% equity |
Kevin O’Leary | No Offer |
Robert Herjavec | No Offer |
Daymond John | No Offer |
Kevin Harrington | No 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.
Years | Annual Revenue |
2008-20 | $500k *estimated |
Funding Reports to Date!
Years | Funding Amount | Investor |
2009 | $50K | Barbara Corcoran |
The official address of Chill Soda was in Sausalito, California, United States.
No, Chill Soda has been out of business since 2020.