Cool Wraps Shark Tank Update

CoolWraps - Holiday Cheer

Fell ThroughNow:Out of BusinessHome & LifestyleSeason 4, Episode 20Green Cove Springs, FLby Jeffrey MillerWebsite

What Happened to Cool Wraps After Shark Tank

Is Cool Wraps still in business? No — the company has shut down.

  • Deal with Mark Cuban for $250K + 3% royalty (Season 4) - deal never closed
  • Reached up to $5M annual sales before shutting down
  • Poorly prepared for post-show demand surge; customers couldn't buy online
  • Social media inactive since 2015
  • Shrink-wrap gift bag concept failed to sustain momentum

Last updated Sep 7, 2026.

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The Cool Wraps Shark Tank Pitch

Jeffrey Miller of Green Cove Springs, FL pitched Cool Wraps on Shark Tank Season 4, Episode 20, which aired Friday, March 29, 2013, asking for $100,000 for 40% of the company — a $250,000 valuation.

Mark Cuban agreed to invest $250,000 for 100% equity, valuing the company at $250,000, plus a royalty per unit. The deal fell through after the show.

Watch the Pitch

Pitch Details

Aired
S4E20Mar 29, 2013
Ask
$100,000for 40%
Ask Valuation
$250,000

Deal Terms

Terms agreed on air. The deal did not close.

Amount
$250,000
Equity
100%
Valuation
$250,000
Royalty
yes per_unit
Mark CubanMark Cuban