When needing to chill drinks on the go, it’s not always practical to fill a bulky cooler with ice from the convenience store. That’s why Chase Mitchell and Brian Bloch came together to create a better way to keep drinks cold. Will they get a deal on
If you’re short on time, here’s a quick overview of what happened to Chill Systems after
Chill Systems appeared on
Shark Tank Chill Systems Update
- Entrepreneur: Chase Mitchell and Brian Bloch
- Business: Lightweight, ice-free drink cooler
- Ask: $150,000 for 15% equity
- Result: No deal
- Shark: None
Chase and Brian, founders of Chill Systems, appeared on
As opposed to the traditional drink cooler, Chill Systems is a lighter, ice-free, drink carrier that allows you to keep up to three drinks at a time ice cold.
Additionally, flip the carrier over, and it can chill a bottle of wine or champagne.
Simply place the small cooler in the freezer 24 hours ahead of time, then you basically pop in your drinks, and you’ll be ready to go for the day.
Guest shark Daniel Lubetzky was puzzled as to why anyone would want to waste time making another cooler.
The entrepreneurs shared that they both left good jobs to follow their dreams. Chase worked at Google and Brian worked for Apple.
They ultimately agreed it was time to move on to something else, and they wanted to make a difference.
Passionate about the environment, they decided to create a cooler product that eliminated the plastic from bagged ice.
At the time of the pitch, Chase and Brian had managed to sell $111,000 worth of Chill Systems in just over two years. Further, just over $50,000 of that was raised from a Kickstarter.
Despite having a decent amount of sales, Chase and Brian are actually losing money on each cooler sold.
Further, their first round of products cost $37 each to make but are only retailing for $30.
However, they eventually managed to get the cost down to $18 with recent productions. Although this is an improvement, it isn’t enough to excite the sharks.
Kevin O’Leary is the first shark to comment. After he shares all of the reasons that he hates the product, he finally goes out.
Next up is Mark Cuban, who gives some feedback about the pitch. He advises that Chase and Brian get right to the point next time they’re selling their product, but since they didn’t meet his standards, he too was out.
Robert Herjavec was next to drop out because he wasn’t impressed with the product or the presentation.
Lori Greiner shared with the guys that if they could lower their costs, they’d have a better shot. However, it isn’t the right investment for her.
Last but not least, Daniel wished them well but said he was also out.
With that, Chase and Brian left
Unfortunately, we have some bad news to share in our Chill Systems update. The sharks may have called this one, as the Chill System just couldn’t hang on and is officially out of business.
During our Chill Systems research, we discovered that the company’s last social media post was in 2021, and its website is nowhere to be found.
Further digging revealed that the company terminated business sometime between 2021 and 2022.
Hopefully, Chase and Brian and both moved on to something they are equally passionate about.
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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!