Fizzics

Name: Fizzics Shark Tank Pitch
Uploaded: 2016-09-23
Description: device to enhance the head and the flavor of bottled or canned beers

device to enhance the head and the flavor of bottled or canned beers

DealFood & BeverageWebsiteFarmingdale, NJS8E1

Pitch Details

Season / Episode

S8E1

Sep 23, 2016

Ask

$500,000

for 4%

Ask Valuation

$12.5M

Deal

$2M

for 16.7%

Watch the Pitch

Deal Terms

Amount$2M

Equity16.7%

Valuation$12.0M

What Happened Next

Operating

Appeared on Season 7; deal with Mark Cuban and Lori Greiner for $2M for 12.5% each (25% total)
Device that makes any canned/bottled beer taste like a draft pour
Available on Amazon and in retail stores
Released updated versions of the product (DraftPour)
Company struggled with sustained sales and appears to have wound down operations

Get updates on Fizzics