Chill Soda Shark Tank Update (Season 1)

The company Chill Soda, whose founder and CEO is Dan Mackey, appeared on Shark Tank Season 1 Episode 9 and asked the Sharks for $50,000 for 10% equity. Mackey found Healthy Juices and Sports Drinks that were low in calories and did not use any toxic ingredients, but he found no such beverages.

He saw a gap in the market and started Chill Soda Company to fill it. He wanted to expand his beverages business nationwide so he decided to take help from sharks. After the completion of negotiations regarding equity, Barbara Corcoran invested $50,000 in this company for 20% equity.

Unfortunately, this business could not be sustained for long, and by 2020 the company went out of business.

What Is Chill Soda?

Chill Soda is a beverage company that presents itself as an alternative to unhealthy beverages. The founder claims that their soda is healthier and has fewer calories than other sodas. No chemical and artificial colors have been used in this soda and the special thing is that the taste of the soda is the same 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?

The founder and CEO of Chill Soda Beverages Company is Dan Mackey. Dan is a Marketer with a Bachelor’s in Journalism & Advertising and a minor in Economics from San Diego State University.

He has worked as a sales marketing consultant in building alliances for 13 years. In 2020, he founded a technology company named SecondTrades.

How Was The Shark Tank Pitch of Chill Soda?

After entering the Shark Tank, Dan asked the Sharks for $50k for 10% equity. He then told the sharks about the benefits of his soda. The sharks liked the taste of soda and one can of soda has 85 calories, which is half of other sodas.

So far he has sold 250,000 cans and made $175,000. Dan works with a beverage management consultant for distribution because he does not have much knowledge about the beverage industry.

Daymond John said, you can’t tell me that you don’t know about the business, he is out. Kevin Harrington said that this business needs a million dollars, so he is out. Robert Herjavec and Kevin O’Leary also refused to invest in this business because it was too risky.

Barbara Corcoran is interested in this business but Daymond, Kevin, and Robert advised Barbara not to invest in it. Barbara offered $50,000 for 20% equity and Dan accepted the offer.

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

What Happened To Chill Soda After Shark Tank?

Chill Soda gets a deal on Shark Tank. Barbara Corcoran invested $50k in this company for 20% equity. After a few years, Barbara said during an interview that all the money she invested in this company was lost.

Daymond, Kevin, and Robert had advised Barbara not to invest in this business but Barbara was confident about the growth of the business. After research, we came to know that after 2020 the company had gone out of business and had no presence on the internet.

In 2020, Dan started a technology company, SecondTrades.

Chill Soda Shark Tank Update

Chill Soda got a deal in Shark Tank but all the investment that Barbara had made in this company got burnt and Barbara did not get any money return. Some websites claimed that the company’s soda was not even available in retail stores.

What Is Chill Soda’s Net Worth?

Chill Soda’s net worth is estimated at $0 Million. The Sharks have invested a lot in the business of Shark Tank but most of the business is running at a loss due to which the Sharks do not get their money back. But some businesses get money returns of up to 10x and 50x which compensate for their 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

Is Chill Soda Still In Business?

This company has now been completely closed and Dan Mackey started a technology exchange company named SecondTrades in 2020.

The official address of this company was Sausalito, California, United States. The reason for the closure of this company was Dan because he did not know the beverage industry.

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

frequently asked questions

Who founded Chill Soda?

Chill Soda was founded by Dan Mackey.

Did Chill Soda get a deal on Shark Tank?

Yes, Chill Soda gets a deal on Shark Tank.