“Chill Soda” aspires to become the most crucial sugar-free soda alternative. Sweetened with agave nectar, these beverages are free of high fructose corn syrup and simple sugars.
The product claims to taste the same as conventional sodas. However, alternative sweeteners like agave nectar and stevia were popular when the product was launched.
However, sugar-free carbonated beverages like La Croix have primarily supplanted the industry and are taking up more and more shelf space within grocery stores. Several alternate sweeteners failed to work.
You’re probably familiar with PepsiCo, the world’s largest manufacturer of soft drinks and sodas, but have you heard of something called “Chill Soda”?
I still find that perfectly acceptable, even though I was completely unaware of it.
However, the Shark Tank TV viewers must have been familiar with Chill Soda. You’re right, and it’s Dan Mackey, as seen in season 1, episode 9 of 2008/2009.
It is considered the healthier alternative beverage line since it tastes great, has half the calories of other sodas and is also nutritional.
Daniel Mackey, the developer of Chill Soda, a self-proclaimed marketer and admitted beginner entrepreneur, brought it to market.
Chill Soda is a low-glycemic, organic beverage sweetened with agave nectar and free of corn syrup.
What Is Chill Soda?
Chill Soda is a soft drink promoted as a replacement for conventional soda. Chill Soda is advertised as having reduced sugar and calorie content, but it is also pleasantly tasty and beneficial to drink.
Chill Soda comes in four flavors: Chill Kola, Chill Pome, Chill Guava, and Chill Lemon. Aside from that, Chill Soda also claims its products are naturally made, and no preservatives are used.
|Soda alternative drinks
|Investment Asking For
|$55,000 for 10% equity in Chill Soda
|$55,000 for 20% equity in Chill Soda
|Season 1 Episode 09
Who Is The Founder Of Chill Soda?
Dan Mackey is the founder of Chill Soda and is credited with its invention. It is also speculated that Dan’s sister may have inspired the creation of Chill Soda. Dan worked as a marketer before embarking on his entrepreneurial path.
We can’t say if Chill Soda is still on the market. There’s no doubt that Dan operates Second Trade, which he began in 2019.
Chill Soda Before Shark Tank
Dan Mackey is the man behind the creation of Chill Soda. The Californian has developed a healthier alternative to food consumed in large amounts by the general public in the United States.
He was surprised to learn that when California bans sodas from school grounds, the items brought in to replace them aren’t much healthier.
Sports drinks and juices intended to replace soda contained nearly as many calories, if not more, than the sodas they intended to replace.
Dan Mackey states that as a result, he saw a chance to help children and adults by developing a better alternative beverage.
Dan Mackey believes many people have excellent ideas; however, being successful means putting them into action and ensuring no one else is doing the same.
Dan Mackey experienced exactly that, which prompted him to take action. Dan Mackey is a marketer who knows how to sell products but isn’t necessarily an entrepreneur.
He claims he is only a newcomer in this field and has never released a product to the public.
Dan Mackey believes his idea and product will become a viable business enterprise with the Sharks’ funding and skills.
Chill Soda Before Shark Tank
Dan Mackey founded the chill Soda Company in Sausalito, California. While he admits to being a beginner entrepreneur, he describes himself as a marketer.
Growing up on the family trout farm, his problem-solving abilities and work ethic were evident.
Mackey’s sister, who taught at a California school where soda was banned because of its harmful effects and replaced by other beverages that contained high amounts of calories and artificial sweeteners, inspired Chill Soda.
Chill Soda was founded when Dan Mackey recognized an opportunity to create a drink that would benefit kids and adults. Chill Soda comes in four flavors/variations: Chill Kola, Chill Pome, Chill Guava, and Chill Limon.
These are vitamin C-rich and have a good amount of nuts and spices. The Chill Soda company’s founder, Dan Mackey, called it “the revolution of sodas.”
How Was The Shark Tank Pitch Of Chill Soda?
Dan Mackey appeared on Shark Tank requesting an investment of $55,000 in exchange for a 10% equity in Chill Soda.
Dan already had sold 250,000 cans of Chill Soda through various distributors in California and made $175,000 before appearing on the Shark Tank show.
The four sharks (investors) were initially interested in Mackey, but one critical mistake nearly ruined his business.
His lack of knowledge of the beverage industry was explained by the fact that he is a marketing expert and therefore has no familiarity with the sector.
They backed out when Kevin, Daymond, and Robert saw his lack of direction and understanding of the beverage industry.
Barbara was the sole shark remaining, and she stunned the other sharks by accepting Mackey’s offer of a 20% equity stake in exchange for a $50,000 investment.
Barbara Corcoran invested solely in Chill Soda Company because she admired Mackey’s candidness.
Final Deal: Barbara Corcoran agreed to invest $55,000 for a 20% stake in Chill Soda.
Who were the Investors in Chill Soda?
An angel investor, Barbara Corcoran, invested $50,000 in Chill Soda in exchange for 20% of the company.
Chill Soda was last valued at $2,50,000 before it went out of operation after getting investment from the SharkTank show.
She is an American entrepreneur with an estimated net worth of $80 million. She started The Corcoran Group, a New York real estate company that she sold to NRT for $66 million.
As a shark on ABC’s Shark Tank, Barbara participated in all five seasons and invested in over 50 businesses/startups.
Chill Soda was a complete failure for Barbara since the company and its founder struggled to make money.
Although the company no longer operates, it maintains a website through which customers can place orders.
Who are the Competitors of Chill Soda?
The company is currently unable to compete with other beverage manufacturers. PepsiCo, Coca-Cola, Red Bull, Nestle, and Parle are some of the biggest competitors of Chill Soda.
PepsiCo has been around since 1965 and is the biggest beverage company in the world. In 2005, PepsiCo merged with Frito-Lay, based in New York City.
PepsiCo earned USD4.857 billion in the 2017 fiscal year, compared to USD62.525 billion in the previous fiscal year, a gain of 1.2 percent.
The following companies are competitors of Chill Soda:
- No preservatives exist in Luma Soda, owned and run by Jim Otteson and appeared on The Shark Tank. The market is doing well for Luma Soda.
- A great American company that sells soda with great flavors is Jones Soda.
What Happened to Chill Soda after Shark Tank?
A viable business model hasn’t yet been developed for Chill Soda, which launched in 2009. An official company website doesn’t provide updates on this product, and it is not in any online store.
In an interview, Barbara Corcoran, the cold soda investor, revealed that she lost money on her investment.
Since chill soda lacked a sound business strategy, it did poorly in the market and was not sold on internet marketplaces.
After participating in the Shark Tank Show in 2009, Chill Soda never took off. According to reports, the brand has no physical locations in California other than its online presence.
The company results from a $50,000 investment from Barbara, while Dan Mackey is establishing his new business venture.
The company has lost money as a result of this as we wait for the product to resurface!
Interesting Facts about Chill Soda
- Dan Mackey was a marketing professional with no prior business experience.
- Den Mackey’s sister came up with the idea for Chill Soda after watching her students consume harmful beverages.
- Currently, Dan Mackey hasn’t revealed the amount of his investment of $50,000.
- Dan Mackey founded a new business, Second Trades, in 2019.
Chill Soda Shark Tank Update
Chill Soda could not stand up to the competition from traditional soda brands. Other alternative brands like La Croix eventually pushed it out of the market.
Dan Mackey got an offer from Barbara Corcoran, but Chill Soda couldn’t start. I can not find any website that offers to sell Chill Soda cans.
Dan Mackey appeared on Shark Tank in 2008 and 2009, and she offered to buy him a deal.
Chill Soda has an official website located at http://www.chillsoda.com. The website has a button to purchase sleep products, but no such products are available.
The website looks very professional, but you can only find information about the sodas and Dan Mackey’s appearance on Shark Tank.
A button allows you to purchase Chill Soda products, but there are no cans you can purchase from the site. You can sign up for the mailing list to receive news about the upcoming release of Chill Soda.
Dan Mackey aired on Shark Tank in season one in 2009/10. The show gave Dan Mackey an offer from Barbara Corcoran. It is now nearly seven years later, and there are no more chilled soda cans on the market.
I am very sorry that the canned version of Chill Soda didn’t become a reality. The item will not appear in major stores or online stores like Amazon.
As of 2023, the Chill Soda website is still running, with a message stating that the soda will be available “soon.” In the year 2020, Mackey established a private equity firm.
Is Chill Soda Still In Business?
Chill Soda reached a deal with Shark Barbara Corcoran on the show for $50,000 in exchange for 20% ownership in the company. This item was featured in the show’s first season and has not been available for purchase.
Although the Chill Soda website is active and includes a button for ordering drinks, Chill Soda is functionally closed.
Despite a brief surge in popularity, agave nectar is not a safe substitute for sugar due to its extraordinarily high glycemic index. In addition, recent research indicates that Chill Soda is substantially more harmful to your health than regular sucrose.
What Is the Net Worth of Chill Soda?
The valuation of Chill Soda was $550,000 when it appeared on Shark Tank. The net worth of Chill Soda is unknown as of 2023 since the product could never be launched after its appearance on Shark Tank.