What Happened To Coffee Brand Gifts After Shark Tank?

What is Coffee Brand Gifts?

Coffee Brand Gifts was a proposed line of coffee-themed novelty items and gifts that included teddy bears to puzzles. 

The business never got off the ground, and the website has now been taken down. The founder of Coffee Brand Gifts approached the Shark Tank for $300,000 for a 40% stake in the company, but the sharks declined to invest due to a lack of sales experience and a poor pitch.

Coffee Brand Gifts Shark Tank Update

Dan Claffey, desperate for the assistance he would require to reach out to America with coffee-themed presents, went to Shark Tank to propose his idea and seek money to make his firm succeed.

Company NameCoffee Brand Gifts
FounderDan Claffey
ProductCoffee-themed gift items
Investment Seeking$300,000 For 40% equity in Coffee Brand Gifts
Final DealNo Deal
SharkNo Shark
Business StatusOut of Business
WebsiteVisit Website

Who is the Founder of Coffee Brand Gifts?

Dan Claffey is the entrepreneur behind Coffee Brand Gifts. 

Coffee Brand Gifts Before Shark Tank

Dan Claffey is the founder of Coffee Brand Gifts. Dan observed something strange while attending a coffee trade exhibition. While numerous products were displayed, few booths offered gift suggestions for the average coffee enthusiast. 

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Claffey was certain that the absence of plush animals, games, and other present ideas was a terrible farce. He even dug a little deeper and discovered that popular coffee shop terms such as “java,” “latte,” and even “coffee” were not patented by a single individual. 

Claffey seized the chance and filed a patent application for these words in hopes of exploiting them on his line of Coffee Brand Gifts items.

With such a broad business concept, he visited local coffee shops and cafes to collect the presents that true coffee enthusiasts would like. 

After doing many surveys in various areas, Claffey compiled a list of probable products he might sell and earn from. 

However, there was one critical issue he encountered. Coffee Brand Gifts had little success due to a lack of funds.

How Was the Shark Tank Pitch of Coffee Brand Gifts?

Dan Claffey appeared on Shark Tank requesting an investment of $30,000 in exchange for a 40% equity in Coffee Brand Gifts.

Claffey first discusses discovering the untapped market while attending a coffee convention before asking $300,000 for 40% of Coffee Brand Gifts. The trade expo had 500 exhibitors, but only 2% displayed gifts and novelties. 

Following this finding, he patented a slew of regularly used coffee-related terms to create the plush animals, game boards, and other toys that would eventually form the foundation of his company. 

Robert Herjavec acknowledges that his trademark is remarkable, but he wants to know why this concept is marketable.

Claffey describes how he gathered data by conducting surveys and allowing people to play his invented games. Still, Kevin O’Leary abruptly breaks him off to ask, “Have you sold any of this nonsense?”

Due to a lack of financial resources, Coffee Brand Gifts has not accepted orders due to the minimal quantity. The Sharks appear perplexed by his priorities and start jumping down his throat. 

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O’Leary asserts that if he invests $300,000 to manufacture all of the things Claffey plans to sell but the business fails, he will terminate Claffey as a waste of both his time and money.

Dan admits to Daymond John that he has already invested approximately $500k in the company. 

Stained to learn of his poor investing selections, Barbara Corcoran says he should devote more time to research, given how skillfully he gathered the information for his failed company venture. 

She decided not to invest and withdrew after imparting this sound advice to him. Claffey begins hurriedly, explaining that he did not want to take any orders until he was sure he would have the money to fulfill them, but the Sharks all shake their heads and tell him this is not the right way to conduct a business. 

O’Leary calls it “un-American,” and Herjavec believes he is terrified of sales. Each Shark, one by one, decides not to invest in the company, deeming it a complete waste of their time.

Dan, completely defeated, thanks them politely before exiting the Shark Tank with his tail between his legs.

Final Deal: No deal between Coffee Brand Gifts and Sharks.

Coffee Brand Gifts Shark Tank Update

Coffee Brand Gifts’ popularity rose high after its appearance on Shark Tank. However, the popularity and brand recognition of Coffee Brand Gifts was short-lived.

Coffee Brand Gifts Shark Tank Update

Coffee Brand Gifts’ product never took off in the market, even though he owns the patents and pursues other business ventures.

What Happened To Coffee Brand Gifts After Shark Tank?

Dan Claffey resolved to continue plodding forward with Coffee Brand Gifts despite receiving a negative response from every Shark. 

One would assume that as a market sales professional who has already experienced success, he would have little difficulty starting his own business. 

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The only problem was that Claffey might have lost motivation to keep the business afloat, as there were no further orders or sales of Coffee Brand Gifts. 

Though the company has a Facebook page (https://www.facebook.com/pages/Coffee-Brand-Gifts/139561091271), the most recent post was advertising two years ago, another business initiative. 

Claffey retains the patents for the popular coffee terms but has been unable to capitalize on them since his appearance on ABC’s television show.

What Is the Net Worth of Coffee Brand Gifts?

The valuation of Coffee Brand Gifts was $7.5 million when it appeared on Shark Tank. The net worth of Coffee Brand Gifts is unknown as of 2022 since the company went out of business.

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