Are you a soda lover looking for an alternative that is healthier? Many diet options don’t really offer better nutritional value, but Dan Mackey has come up with a solution. His soda brand aims to be a tasty, healthy, organic alternative to regular soda, and free of artificial sweeteners. Will his product earn him a deal on
Shark Tank Chill Soda Update
- Entrepreneur: Dan Mackey
- Business: Organic, healthy soda alternative
- Ask: $50,000 for 10% equity
- Result: $50,000 for 20% equity
- Shark: Barbara Corcoran
Dan treated the sharks to samples of Chill Soda, which they all found delicious. The sharks also sensed that Dan was nervous, which prompted an intense questioning session.
Dan got flustered but did end up saying that he’d sold 250,000 cans for $175,000. However, he also admitted that he had little experience in the industry.
Daymond John immediately went out upon hearing this, followed by Kevin Harrington, who thought Dan would need much more money than he was asking for to succeed.
Robert Herjavec called Dan naive and went out. Kevin O’Leary thought Dan was unaware of what the consumer goods market entailed. He also went out. This left only Barbara Corcoran as a potential investor.
Despite being urged not to by her fellow sharks, Barbara put an offer of $50,000 for 20% equity on the table. She was taken by Dan’s demeanor and approach to business.
Dan accepted the offer and left
Our Chill Soda update reveals that the other sharks may have had a point. The Chill Soda website remained active for a while after airing, the company eventually shut down and Barbara lost her investment.
This will likely be our final Chill Soda update.
Would you like to learn about the other companies featured on Season 1 Episode 9? Follow the links below for our other company updates from the episode.
For even more on companies and products, be sure to stop by our Season 1 Products Page!
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Jennifer is an avid Shark Tank fan that has been watching the show for years. She serves as Senior Editor at Shark Tank Recap and ensures that all our information is accurate and that our posts are up to date. Her favorite Shark Tank products are Le-Glue and Ring!