Entrepreneur Chris Spencer pitched his hydration system for football players during
If you’re short on time, here’s a quick overview of what happened to Hydromax after
Chris Spencer appeared on
|Robert Herjavec||No offer|
|Jeff Foxworthy||$50,000 for 50% equity|
|Daymond John||No offer|
|Kevin O’Leary||No offer|
|Barbara Corcoran||No offer|
Shark Tank Hydromax Update
- Entrepreneur: Chris Spencer
- Business: Hydration system for football players
- Ask: $50,000 for 25% equity
- Result: $50,000 for 50% equity
- Shark: Jeff Foxworthy
Founder of Hydromax, Chris, walks into the tank accompanied by Ethan, a child football player. He demonstrates in detail how his patented hydration system works, and then asks Ethan to show the product off too.
With a long straw, and bite valve, the player can quickly get drinks between plays. The unit holds up to 16 ounces of water or sports drink, and straps into the players shoulder pads.
He says a leading danger in sports is that kids run around in the heat and can die without proper hydration. He wants his product to change this.
Each Hydromax system retails for $49.99, and costs $8.50 to manufacture. When asked about sales, Chris says that he had sales in 2007 totaling $100,000, before returning to corporate America, with a new career.
Guest shark Jeff Foxworthy cracks a funny joke about filling the Hydromax with whiskey and putting it inside suits. This gets some good laughs inside the tank.
At this point in the pitch, Kevin O’Leary speaks up. He wants someone who can put all of his effort into the company, so for this reason, he is out.
We’ve partnered with six companies to put together a Shark Tank Stocking Stuffer Box that’s worth $100! Here’s everything that’s in the box:
- Sheets Laundry Club Travel Packs x2
- Honey Bee Bars - 12 Pack
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- Pizza Pack
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Also not interested is Daymond John. Because he has concerns regarding the valuation, he goes out.
Likewise, Barbara Corcoran says that she doesn’t have the time it will take to get this business up and running. Plus, she doesn’t have the right contacts either, so she too is out.
This left Jeff Foxworthy and Robert as the only sharks still in play.
Robert Herjavec says that the product is clever, however, he thinks that Chris needs to hustle to get the product out into the world. He doesn’t want in, so for these reasons, he is out.
Guest shark Jeff Foxworthy, offers $50,000 for 50% equity, and Chris quickly accepts the deal.
Our Hydromax update shows that Chris’ deal with Jeff never happened. Despite this, the company is doing well.
The product is now being used by players on the Dallas Cowboys, the San Diego Chargers, and at Pop Warner High School. They’re also used by several colleges.
Further, their yearly revenue is reported to be $2 million. You can check the system out on the Hydromax website. There’s even an endorsement there by Sammy Davis.
If you want to read more about the other companies that appeared on Season 2 Episode 7, follow the links below to get all the details about them.
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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!