Coffee Brand Gifts Update | Shark Tank Season 1
Coffee is one of the most popular beverages in the world. That’s why Dan Claffey created a company that sells novelty gifts and toys with his branded coffee words on them. Will the sharks want to invest on
Shark Tank Coffee Brand Gifts Update
- Entrepreneurs: Dan Claffey
- Business: Coffee-branded novelty gifts
- Ask: $300,000 for 40% equity
- Result: No deal
- Sharks: None
Dan’s company, Coffee Brand Gifts, has produced dozens of board games, puzzles, stuffed animals, and toys with coffee-branded names on them. He actually trademarked coffee terms and is the only person in the USA who can now use them on products.
After conducting a variety of surveys in coffee shops around the United States, Dan believes his product would sell rapidly.
The sharks were skeptical about the idea and were concerned when they heard that Dan had no sales. Barbara Corcoran was the first shark to drop out due to his lack of sales.
Eventually, Daymond John, Kevin Harrington, Robert Herjavec, and Kevin O’Leary all dropped out for the same reason.
Will no offers from the sharks, Dan was forced to leave without a deal. What happened next for his company? Keep reading our Coffee Brand Gifts update to find out!
We have sad news to share in our Coffee Brand Gifts update. Though there was a short-term boost in growth after the episode aired, that success didn’t last long.
Unfortunately, Dan had to close down his company. This will be our final Coffee Brand Gifts update.
Would you like to learn about the other companies featured on Season 1 Episode 4? 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!
Jeremy is a regular contributor at Shark Tank recap. He has a ton of passion for the show and enjoys researching information about what all the companies are up to now. His favorite Shark Tank companies are The Cookie Dough Cafe and Kronos Golf!