Beer Blizzard Net Worth 2022 – What Happened After Shark Tank

Will anyone want to invest in an ice pack that cools beers?

Read on to find out how Beer Blizzard landed a deal with Mark Cuban but eventually went out of business and ended up with a net worth of $0.

Beer Blizzard Quick Facts

Name	Beer Blizzard
Company Net Worth:	$0
Pitch:	Insertable cold packs for beers
Entrepreneur:	Mike Robb and Tom Osbourne
Asked For:	$100,000 for 20%
Deal:	$100,000 for 25%
Shark:	Mark Cuban

What is Beer Blizzard?

Everyone can agree that beer tastes much better cold than warm. Beer Blizzard makes your beer cold, if it’s in a bottle or a can.

You put your beer into a koozie, put on your reusable plastic disc from the freezer that is ice-cold, and it fits perfectly into the concave of the bottom of your bottle or can because of the koozie.

It will keep your beer perfectly cold for over 20 minutes.

After Shark Tank, Beer Blizzard ended up in Bed Bath & Beyond, Target, Walmart, and on Amazon.

The company talked to NASCAR driver Dale Earnhardt Jr. about using his name on the cubes.

There was no deal and Beer Blizzard unfortunately went out of business soon after.

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Overall Score: 93/100

Who are Tom Ozbourne and Mike Robb?

Tom Ozbourne and Mike Robb are childhood friends and invented Beer Blizzard.

Tom has a background coming from the food industry. He mostly works in quality assurance, being an executive. Mike works in Pittsburgh as a lawyer.

The idea happened at a reunion at Tom’s cabin on memorial weekend in 2013. It was a hot day so Mike put ice inside the bottom of his koozie to keep his beer cold.

The ice melted quickly, so he started thinking about inserting ice cubes that are reusable. He thought about how all cans have the same bottom so you would only need one size.

Now they had a substantial idea that was able to be produced.

What happened during the pitch?

Mike and Tom realized they were overwhelmed with business and needed help, so they went to Shark Tank.

They pitched their idea and told everyone about their sales and prizes. They explained that they had a patent pending.

They talked about how their product was in production and how they had a new contract for distribution, assembly, and warehousing.

But in order to scale their business, reach expectations, and get a bigger market, they wanted a big investor.

The investment

They asked for a $100,000 investment for 20% of the company. Lori accepted their offer.

Mark Cuban countered with the same investment, but with 25% stock.

Mike and Tom agreed to go with Mark over Lori. But eventually the deal fell flat.

Conclusion

Beer Blizzards had a good run and were able to generate success based on their exposure on Shark Tank, even though the deal with Mark fell flat.

But they went out of business because they simply could not keep up with demand and were not making enough profit.