Ice Shaker - Shark Tank Update

stainless steel insulated protein shake bottle

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Season 9, Episode 4 Founded by Chris Gronkowski In Business

Ice Shaker Details

Shark Tank Episode Details

Founders Chris Gronkowski
Air Date 2017-10-15
Season & Episode Season 9, Episode 4
Initial Ask $100K for 15.0% equity
Deal Details Got deal: $150K for 15.0% equity from Mark Cuban, Alex Rodriguez
Estimated Yearly Revenue $3 million
Estimated Net Worth (4x estimated revenue) $12 million

The Shark Tank Pitch

Athletic innovation emerged from sibling rivalry when Chris Gronkowski, the shortest of five athletic brothers including NFL star Rob Gronkowski, struggled to keep pace with his family's fitness regimen using inadequate protein shaker bottles that leaked, absorbed odors, and failed to keep drinks cold. His frustration with poorly insulated plastic shakers that forced him to endure warm, unpalatable protein shakes inspired him to develop the Ice Shaker as a superior stainless steel solution that would revolutionize the fitness drink experience for athletes everywhere.

Seeking $100,000 for 15% equity and valuing his innovative drinkware company at approximately $667,000, Chris entered the Tank with his four brothers (three NFL veterans) to demonstrate their product's remarkable ability to keep drinks ice-cold for up to 36 hours while featuring a vacuum-sealed design that prevented leaking and odor absorption, though their unconventional approach included challenging the sharks to a flip-cup competition where the losing team would be sentenced to drinking warm protein shakes.

Where Are They Now?

The sharks were immediately captivated by the Gronkowski brothers' infectious energy and competitive spirit, leading to an unprecedented bidding war when Chris revealed impressive sales figures of $80,000 total with $35,000 generated in the most recent month alone, demonstrating strong margins with $5 production costs versus $25 retail pricing through Amazon, retail stores, and their website. Every single shark made an offer, creating a rare feeding frenzy that culminated in Mark Cuban and guest shark Alex Rodriguez partnering to offer $150,000 for 15% equity, which Chris wisely accepted after briefly considering competing offers from Kevin O'Leary, Barbara Corcoran, and Lori Greiner who recognized the product's market potential and the entrepreneurs' business acumen.

Since securing the deal, Ice Shaker has achieved remarkable success with over $3 million in sales within 12 months of airing, expanding their product line to include 140 different bottles in various colors and sizes while securing distribution partnerships with major retailers including over 3,500 GNC stores, Lifetime Fitness, and Vitamin Shoppe locations nationwide. We found that the company received a follow-up segment in Season 10 where they showcased their Amazon launch and continued growth, though Rob Gronkowski eventually bought out Alex Rodriguez's shares for an undisclosed amount, while the business has settled into a sustainable annual revenue stream that continues to serve fitness enthusiasts who demand premium drinkware that combines functionality with the durability and temperature retention that made Ice Shaker a Tank success story.

Revenue

$3 million

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