Fizzics Home Beer Dispenser Update | Season 8

Philip Petracca and David McDonald discovered that beer always tastes better from the tap than from bottles or cans, so they set out to bring that same freshness to the home. Their curiosity led to the creation of Fizzics, a device that uses soundwaves to enhance beer’s flavor by improving carbonation and creating a rich, creamy head. Will the entrepreneurs convince the sharks to invest in their business? Let’s dive into our Fizzics update and pitch recap to find out.

If you’re short on time, here’s a quick overview of what happened to Fizzics after Shark Tank.

Philip and David entered Shark Tank Season 8, seeking $500,000 for 4% equity in Fizzics Home Beer Dispenser. After several negotiations, they made a deal with Mark Cuban and Lori Greiner for $2,000,000 for 16.67% equity.

In terms of a Fizzics update, the company faced challenges that resulted in a new management taking over. Despite the setback, the company has successfully expanded internationally and now generates around $4 million in annual revenue.

Shark	Result
Mark Cuban and Lori Greiner	Accepted offer of $2,000,000 for 16.67% equity
Robert Herjavec	$500,000 for 8% equity
Kevin O’Leary	$500,000 for 8% equity
Barbara Corcoran	No offer
Daymond John	No offer

Shark Tank Fizzics Pitch

• Entrepreneurs: Philip Petracca and David McDonald
• Business: Home beer dispenser
• Ask: $500,000 for 4% equity
• Result: $2,000,000 for 16.67% equity
• Sharks: Mark Cuban and Lori Greiner

David and Philip aim to disrupt the beer industry by enhancing the beer-drinking experience at home.

They sought an investment to scale up their system, which uses sound waves to enhance beer’s taste and texture, creating a creamy, foamy head similar to what you’d get at a bar.

While it certainly delivers visual appeal, opinions on flavor improvement vary. Some users notice a subtle difference, while others find it minimal.

The device is easy to use but does require a few steps, including inserting the beer, attaching a tube, and letting the sound waves do their work.

In just eight months of shipping, Fizzics had already amassed $3.2 million in sales, yielding a profit of $220,000.

Each Fizzics machine costs just over $35 to produce and retails for $199.

Additionally, Philip and David announced their plans to launch a new product, Waytap, a smaller, more affordable version of the machine designed for canned beer.

Kevin O’Leary expressed his admiration for the product but questioned its valuation.

After some back and forth, Robert Herjavec offered $500,000 for 8% equity.

In response, Kevin matched the offer ($500,000 for 8% equity), claiming he could outsell any of the sharks.

Barbara Corcoran, skeptical of the deal, chose not to invest and exited the negotiations.

Daymond John questioned their need for an investment, given their positive cash flow, and ultimately opted out as well.

Mark Cuban and Lori Greiner teamed up, offering $800,000 for 10% equity.

Philip and David liked the idea of having two sharks on board, so they countered with $2,000,000 for 16.67% equity, which Mark and Lori accepted. The entrepreneurs left with a deal in hand.

Let’s see where they are today in our Fizzics update.

Shark Tank Fizzics Update

Shortly after their episode aired, Fizzics quickly expanded, launching on QVC and entering major retailers like Target and Amazon.

They introduced a smaller, more affordable model called WayTap, but despite initial success, the company faced significant challenges.

Our Fizzics update found that the company filed for Chapter 11 bankruptcy due to financial struggles in March 2019.

By April 2020, they had completed a debt restructuring process and had emerged from bankruptcy, allowing them to continue operations.

Co-founder Philip Petracca left in 2017 to start Source Brewing, while David McDonald stepped down as CTO after the restructuring but remained a technical consultant.

Our Fizzics update found that the company, now led by CEO Thomas Steckbeck, shifted focus to its DraftPour model, which has received positive reviews and remains available on platforms like Amazon.

At the time of this writing, Fizzics has expanded internationally, with products available in Brazil, Canada, and France. They have also grown to around $4 million in annual sales.

Despite some initial struggles, we’re calling this Fizzics update a success.

For more Shark Tank Season 8 Episode 1 product updates, be sure to check the links below:

• ReThink Anti-Cyberbullying App Update
• Spoonful of Comfort Update
• ISlide Custom Sandals Update

Before you go, check out our Shark Tank Season 8 page for more updates.