The Drip Drop Ice Cream Drip Catcher Update | Shark Tank Season 7

While at a neighborhood ice cream shop, Oliver Greenwald saw two kids struggling with melting cones and sticky hands. That moment sparked the idea for The Drip Drop, an edible ring that fits around the base of an ice cream cone to catch drips before they fall. It keeps kids clean and helps shops save on napkins. Can this simple fix scoop up a deal with the sharks? Let’s find out in The Drip Drop update and pitch recap.

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

Sam and Oliver entered Shark Tank Season 7, seeking $50,000 for 20% equity in their edible ice cream cone drip catcher. After their pitch, they landed a deal with Barbara Corcoran for $50,000 for 33.3% equity.

In terms of The Drip Drop update, the deal with Barbara fell though. However, they raised enough money to create 300 units but eventually shut down the business.

Shark	Result
Barbara Corcoran	Accepted offer of $50,000 for 33.3% equity
Kevin O’Leary	No offer
Lori Greiner	No offer
Robert Herjavec	No offer
Mark Cuban	No offer

Shark Tank The Drip Drop Pitch

• Entrepreneurs: Sam Nassif and Oliver Greenwald
• Business: Edible ice cream cone drip catcher
• Ask: $50,000 for 20% equity
• Result: $50,000 for 33.3% equity
• Shark: Barbara Corcoran

Teenagers Sam and Oliver walked into Shark Tank to pitch The Drip Drop, an edible ring that stops ice cream from dripping down the cone.

Their product slides onto the base of a cone and catches melting drips. It’s made from the same material as the cone, so it’s both useful and edible.

They demonstrated how it works by handing each shark an ice cream cone fitted with the Drip Drop.

During the pitch, they revealed they had already patented the Drip Drop’s unique design.

They presented the certificate and explained that the patent protects the size and shape of the ring.

At the time of the pitch, The Drip Drop wasn’t yet on the market. Sam and Oliver explained that they wanted to secure an investment first.

With the right funding, they planned to approach ice cream manufacturers directly.

The boys estimated that one Drip Drop would cost about $0.03 to produce and could sell for around $0.10.

Kevin O’Leary dug deeper. He asked how much a typical cone costs and was told around $0.05.

He questioned whether manufacturers would be willing to double their costs by adding The Drip Drop.

Sam responded confidently, saying parents would gladly pay a little more to avoid sticky messes.

Next, Lori Greiner asked if they had pitched the product to any retailers. Oliver replied that industry experts had advised them to license the idea instead.

Mark Cuban then asked how they created the prototypes. Sam shared that they used 3D printing to create molds and baked the cones themselves at home.

However, Barbara Corcoran noticed that her sample cone still leaked. Sam admitted the prototype wasn’t perfect because it was homemade.

Oliver added that they planned to use part of the investment to hire a food engineer who could refine both the design and the recipe.

Despite liking the product, Lori decided to pass. She felt they could grow the business on their own and didn’t want to take equity from them.

Mark liked the idea but said the work needed to grow it was too much. He passed as well.

Kevin also dropped out. He told them they could return later, after school, since cones wouldn’t change in 100 years.

Robert Herjavec stepped away too. He said it was too early to invest but encouraged them to keep going.

That left Barbara. She liked the idea but had concerns. Still, she offered $50,000 for 33%, as long as they improved the design and flavor.

Sam and Oliver deliberated, then accepted her offer and left Shark Tank with a deal.

What do you think happened after that? Keep reading The Drip Drop update to find out.

Shark Tank The Drip Drop Update

Our research into The Drip Drop update found that the deal with Barbara Corcoran never closed.

Despite the deal falling through, Sam and Oliver didn’t quit. In 2018, they raised over $7,000 through Kickstarter.

With the funds, they improved the product and produced 300 units. Around 1,200 Drip Drops were sold in three Denver ice cream shops.

They created two versions: plain ($0.99) and chocolate-drizzled ($1.25). They spoke with Joy Cone about a licensing deal, but it didn’t move forward as both founders were heading to college.

Our The Drip Drop update found that Oliver eventually left the business due to financial issues. Sam continued briefly and used a school kitchen to refine the product.

However, by late 2019, the website and social media pages went inactive and the business shut down.

Sam later launched PeerWise LLC and Loyee.ai and now works at Techstars in NYC.

Oliver graduated from Duke and launched a social app called MSH (Make Shit Happen) that gives people 5-minute social change tasks for when they are on the toilet.

This will be our final update for The Drip Drop.

Would you like to learn more about what happened with the other companies featured in Season 7 Episode 25? Find out more about them here. 

• Jarrett & Raja Productions Update
• KidRunner Update
• InchBug Update

Before you go, be sure to check out our list of all the Shark Tank Season 7 products.