IceBeanie Shark Tank Update (Season 12)

IceBeanie is an all-natural compression cold therapy for Headaches, Concussions, and Migraines. It is also quite effective.

It has been going on since time immemorial, whenever there is a headache, people try to reduce it through cold and it starts decreasing gradually.

It is not possible that you can hold the ice pack for a long time because it gradually starts to become frustrating.

The solution to this problem is this IceBeanie hat, it makes the migraine Pain work perfectly. If you have got sports-related injuries on your head and it is giving pain, through this hat you get relief for some time.

Before using this hat, keep it in the fridge and freezer for 45 minutes, after that, you will be able to do it.

This product is designed using soft microfiber polyester with acupressure-designed gel packs. It stretches and fits comfortably for any shaped head.

Company NameIceBeanie
FounderNic Lamb
ProductNatural Compression Cold Therapy for Headaches, Concussions, and Migraines
Asked For$50,000 for 20% Equity
Final Deal$50,000 for 25% Equity
SharkMark Cuban
Episode (Shark Tank USA)Season 12 Episode 13
Air DateFebruary 12, 2021
Business StatusIn Business
Net Worth$1 Million *estimated
WebsiteVisit Website
AddressManhattan Beach, California, United States
Go To AmazonBuy Now

Another Shark Tank Pitch

Who Is The Founder Of IceBeanie?

Nic Lamb is a Founder & CEO of this company. Lamb grew up in Santa Cruz, California. He started surfing when he was 5 years old.

When he turned 9, he started participating in competitions, after which he became a winner in many amateur events at the age of 12.

He has won a lot of awards, including the Volcom Airshow Champion, NSSA Airshow Champion, and California State Champion.

He joined the World Surf League in 2014 and is currently a professional big-wave surfer. He competed in the Punta Gelia Challenge in Spain and became the 2016 Mavericks Champion.

IceBeanie Before Shark Tank

This cold therapy has been going on for a long time to make the Headaches work easily. However, the product cold therapy has been represented in a new design.

When Lamb was surfing in Nazare, Portugal, a large wave came and he slipped into it and went 70 feet inside the wave. Because of this, he had a serious concussion.

After a few months of this accident, Lamb started having a lot of migraine headaches. To get relief from this pain, he used ice packs, due to which this product has been ready today.

Dr. James Arnott made this mixture of ice and salt to treat Headaches. There was some evidence from the time of the Ancient Egyptians that cold was used to reduce pain.

Founder Lamb is the ambassador of the International Organization Princess Charlene of Monaco Foundation.

This cold therapy is one way to get relief from headaches. Apart from cold therapy, there are many other methods through which headaches can be reduced.

If you do this Sleep 8-9 Hours, Direct Morning Sunlight, Drink 1-2 full glasses of purified water, Meditation Mindfulness Practice, Grounding, Eat Organic, Get Up and Move!, Massage, and do Bodywork.

If you do this then you can get relief from headaches without cold therapy.

Did IceBeanie Get a Deal on Shark Tank?

Lamb demanded $50,000 from the Sharks in exchange for 20% equity for his company.

The ice hat market is huge because there are 40 million people in the United States who suffer from migraines. If we talk about worldwide, then it becomes a dollar market size.

This product has a making cost of $7 and is soldered for $39.95, going up to $39.95 in July 2022. It sells to direct consumers through its website, Amazon, and Etsy.

This company was launched in 2020, in 2021 its annual sales have been $100,000 so far. They have sold 2500 units within 1 year.

Kevin O’Leary says that this market is difficult, it is difficult to scale by acquiring customers, so they cannot be partners in this business.

Lori Greiner says that it is a very good product but it is not the right investment for her so she is out.

Mark Cuban said that this is a very good partner for me, so his offer was $50k for 30% equity.

Lamb counter-offered to Mark 25% of the equity and Mark also agreed to this.

Mark Cuban became a partner of IceBeanie by investing $50K with 25% equity.

IceBeanie Shark Tank Update

This product was solving a common problem that afflicted 40 million people in the United States.

This company was promoted for free in the Shark Tank show, due to which many people started buying this product.

Many news channels also wrote articles about this product, this includes Fox Sports, CNBC, ESPN, TMZ, FS1, etc.

This product has just been made available internationally through Amazon, it is included in many countries like Canada, the UK, India, etc.

According to some reports, by the end of 2021, this company had generated annual revenue of $550,000.

IceBeanie Shark Tank Update
Photo Credit: IceBeanie Instagram Account

What Is The IceBeanie Net Worth?

IceBeanie’s net worth is estimated at $1 million.

If we look at their website design, it is very good but their social media has not been able to make strong followers.

The founder will have to do more work on his social media so that the social account can get more reach and sales can also grow.

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