The fact that almost every household has a reusable water bottle is fantastic. You don’t have to spend a lot of money on bottled water, and it’s the right thing to do for the environment.
Most of these bottles share one annoying characteristic: you can’t reach the bottom to wash them.
It is not uncommon for heavily used bottles to become so filthy and revolting that they look like a botched science experiment.
The Clean Bottle is the only bottle in the world that unscrews from both the bottom and top for easy cleaning.
The bottom and top covers are removable, making it easy for air to dry the bottle quickly.
You can clean the drinking nozzle by removing it. Do you require additional evidence? Bill Walton, two-time NBA champion, endorses The Clean Bottle!
The Shark Tank introduces David Mayer’s Clean Bottle, which is already a success. It is significantly easier to clean a unique water bottle than a standard one because its ends can be detached.
He took a bottle mascot to the Tour de France and promoted his Clean Bottle there before joining the Tank. The sales went off quickly, and he has amassed $750,000 in revenue.
What Is Clean Bottle?
Cleaning water bottles has long appeared to be an impossible task. You will still need to clean certain bottle areas, resulting in bacteria buildup thoroughly.
Clean Bottle can solve this dilemma. You can easily unscrew both ends of the bottle to clean it thoroughly.
Clean Bottle is a reusable water bottle with two screw-off ends that make cleaning it easier.
|Company Name||Clean Bottle|
|Entrepreneur||Bill Walton and David Mayer|
|Product||Easily washable, BPA-free bottle with removable bottom|
|Investment Asking For||$60,000 For 5% equity in Clean Bottle|
|Final Deal||$60,000 For 8% equity in Clean Bottle|
|Episode||Season 3 Episode 1|
|Business Status||Acquired, In Business|
Who Is The Founder Of Clean Bottle?
David Mayer is the founder of Clean Bottle. Clean Bottle was his first company after working at Goldman Sachs, Juniper Networks, and Cisco.
When he sold Clean Bottle in 2018, he ended his relationship with the company. Currently, he serves as Vice President of Operations & Marketing at AllStripes.
David was motivated to build the bottle to avoid the hassles of cleaning conventional water bottles.
He obtained patents to prevent other corporations from capitalizing on his technology. This effectively limited bottle production to his company.
David discovered that he had exhausted his investment after creating Clean Bottle. He lacked the necessary finances to sell his goods adequately. The innovative marketing strategy he developed exploited this obstacle creatively.
David chose the Tour de France to generate the publicity that Clean Bottle required to flourish.
He appeared alongside the bikers costumed as a Clean Bottle mascot. The idea was brilliant, as it ensured Clean Bottle received worldwide awareness as a result of the event.
Clean Bottle earned approximately $750000 in sales due to the intended action. The company acquired distribution in several places and earned $70,000 in a fortnight.
Clean Bottle Before Shark Tank
David Mayer reimagined the reusable water bottle to pave his path to success.
Clean Bottles are markedly easier to clean than ordinary water bottles because you can easily remove both ends.
When you cannot clean your water bottles properly, the bottles may occasionally develop an unpleasant smell. It is generally not a good idea to drink from something that hasn’t been cleaned thoroughly.
Mayer found a way to solve this difficulty and transformed it into a significant achievement.
He brought his newly invented water bottle to the Tour de France. The bottle-mascot he used there was instrumental in driving sales of Clean Bottle through the roof.
Clean Bottle earned around $750k in sales following his performance at the Tour de France. On the other hand, Mayer desires more for the firm and wishes to take it higher.
Clean Bottle is looking for an investor to propel the brand into the marketing stratosphere. And where better to find a seasoned investor than ABC’s Shark Tank?
Mayer delivers his sales pitch to the shark tank, hoping to significantly increase the value of his already profitable business by capturing at least one shark.
How Was The Shark Tank Pitch Of Clean Bottle?
Mayer appeared on the Shark Tank seeking an investment of $60,000 in exchange for a 5% stake in Clean Bottle.
Mayer shows off his Clean Bottle invention alongside its bottle mascot, explaining how the nozzle is removable, making the entire device washable.
He distributes samples, ensuring that Robert Herjavec receives the runner’s bottle containing a case with a handle.
Mayer has done his homework and knows Herjavec ran the marathon in New York City.
Mayer talks about his $750,000 in sales or roughly 150,000 bottles. This surprises the Sharks.
John commented on the mascot’s height, so Mayer told him to remove the top of the suit to expose the mascot’s spokesperson, Bill Walton.
Despite the Sharks’ impressions, Herjavec wonders why Mayer is willing to give up equity in his company in exchange for a Shark investment when he earned $118,000 last year.
Mayer adds that he is set to produce a line of stainless steel bottles that will retail for approximately $60,000.
As a new business, he needs funding to launch his line while maintaining a profit margin to support himself. He is amenable to negotiation.
Daymond “I believe you’re intelligent, slick, and selfish,” John tells Mayer. And I’m looking forward to becoming your buddy and collaborator.”
John is willing to contribute $60,000 in exchange for 25% of the business. Mayer does not want to invest so much money in the company.
Kevin O’Leary has offered to give the company a half-cent share of every bottle sold for $100,000. Mayer does not want to risk such a large sum of money during his development.
Barbara Corcoran considers the 5% figure “offensive.” “Would you have grabbed 5% of Facebook?” Mayer responds.
The Sharks attempt to derail him, but Mayer is adamant about not giving up too much equity in exchange for the cash he requires.
Robert Herjavec enters the fray, offering $60,000 for a 10% stake. Mark Cuban is the sole survivor, offering $60,000 for 8%. The Sharks are engaged in a bidding war. Herjavec amends his offer, reducing it to $60,000 to 5%.
In light of the competing proposals, Daymond John withdraws his offer. Barbara Corcoran has stepped down. Three bids are being considered.
O’Leary is offering $100,000 for every transaction at the cost of $.50. Herjavec offers $60,000 in exchange for a 5% stake. Cuban is offering $60,000 in exchange for 8% of the company.
Mayer attempts to bargain with Cuban, and Herjavec is enraged that he has been “ignored.” He then withdraws his offer. He wants Cuban to lower his offer to 6%.
Mayer requests a pause to phone his father, a business partner. His father counsels him to maintain his resolve. Finally, Cuban outwits Mayer.
Mayer put everything on the line during the negotiation but walked away with the Shark contract.
What Happened To Clean Bottle After Shark Tank?
Clean Bottle skyrocketed into success following its appearance on Shark Tank, exactly as David predicted.
Mark Cuban’s contacts in sports made it very helpful for him to have Mark Cuban on his side.
Clean Bottle has expanded its product line since appearing to include plastic and stainless steel bottles of various shapes and colors.
Additionally, numerous accessories are available for the bottles, like filters and fruit infusers, which have increased sales even further.
You can find all of Clean Bottle’s products and information on their website, https://www.cleanbottle.com/.
It appears many product users agree with the manufacturer that this bottle will last a lifetime.
There is no doubting that David and Mark struck a tremendous deal on the Shark Tank.
Clean Bottle Shark Tank Update
Clean Bottle has experienced rapid growth since appearing on Shark Tank. Many types and colors of bottles are available today, including the original plastic, stainless steel, and various shapes and sizes.
Adding accessories to the product line establishes the product’s presence over the market as a whole. Mark Cuban, meanwhile, said that he got good money from the deal.
A Boca Raton-based private investment group purchased Clean Bottle for an unknown sum in December 2018.
The company expanded the line with steel tumblers and coffee mugs. Annual revenue is expected to reach $4 million in February 2022.
Is Clean Bottle Still In Business?
Yes, Clean Bottle is still in business as of 2022, with annual revenue of $4 million. The Clean Bottle expanded its product line after its appearance on Shark Tank to include stainless steel bottles in various colors and designs (even square ones!).
They also offer custom printing on The Clean Bottle. The Clean Bottle launched a Kickstarter campaign in 2016 to create a larger (32 oz) version of their square bottle with a fruit infuser and a water filter.
The campaign failed to reach its goal, but a Clean Bottle representative told 2paragraphs, “a larger 32oz bottle is in development and should launch soon!”