Freaker USA Drink Koozie Update | Season 4

Zach Cain came to Shark Tank Season 4 to pitch his knit koozies. He says they will fit bottles of any size, but will the sharks want to invest in his company? Find out in our Freaker USA update!

Shark Tank Freaker USA Update

Freaker USA Update

  • Entrepreneur: Zach Cain
  • Business: Knit koozies with a universal fit
  • Ask: $200,000 for 10% equity
  • Result: No deal
  • Shark: None

Zach made quite an entrance during Shark Tank Season 4, sauntering in with a shirt partially unbuttoned, a jaunty top hat, and short shorts, as he pitched his product and company, Freaker USA, to the sharks.

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Throughout the pitch, Zach made a number of iconic sound effects, including a fair share of “whoop” and “beep-beep” noises that had the sharks laughing, albeit uncomfortably.

Kevin O’Leary would be the first to question the $2 million valuation, to which Zach divulged that the product was in 200 stores and had grossed $320,000 over the past 13 months.

Zach went on to share that the “Freaker,” as he called them, cost slightly under $1, was wholesaled at $4, and retailed for between $8 and $10.

With this in mind, Kevin extrapolated that the business was truly worth considerably less, and so he offered Zach $200,000 for 50% of the company. When Zach declined this offer, Kevin went out.

Barbara Corcoran would speak next, calling the valuation “nutsy” before also going out, and Robert Herjavec followed.

Daymond John spoke next, sharing that he liked to be passionate about products that he chooses to invest in.

Unfortunately, he was not passionate about the Freaker or Freaker USA, and so Daymond was out.

With four sharks out, all eyes turned to Mark Cuban, who said that he liked the margins and the branding. In many ways, he felt that Freaker USA was impressive. However, he didn’t quite get Zach’s personality, so he was also out.

Sadly, Zach left Shark Tank Season 4 without a deal. Did Freaker USA succeed despite the shark’s unwillingness to come aboard? Keep reading our Freaker USA update to find out!

We have great news to share in our Freaker USA update! After seeing the Shark Tank episode air, Tim Andis, the owner of Liberty Bottleworks, contacted Zach, and the two created a partnership.

While Tim and Zach parted ways in 2014, Zach expanded his product line in 2015. You can check out Zach’s many different products on Amazon and Freaker USA site.

Years later, Freaker USA is estimated to be worth about $6 million and is continuing to grow every year.

It’s great to report a positive Freaker USA update despite not landing a deal on Shark Tank Season 4.

Would you like to learn about the other companies featured on Season 4 Episode 6? Follow the links below!

For even more on companies and products, be sure to stop by our Season 4 Products Page!

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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!