What Happened To Fizzics After Shark Tank?

The first Shark Tank Season 8, Episode 01, featured Phil Petracca and David McDonald pitching Fizzics, an invention that enhances the beer’s flavor.

Fizzics is a beer flavor enhancer that is patent-pending.

What Is Fizzics?

Fizzics is a personal beer dispenser that dispenses bottled or canned beer directly into the mouth and improves the head and taste of beer.

Fizzicss is a lightweight, portable beer dispenser that enhances and improves beer taste and is suitable for outdoor events and friends’ gatherings.

There are no additional parts or CO2 cartridges since two AA batteries power it.

Fizzics Shark Tank Update

It is compatible with all types of beer and can accommodate any traditional container, from large 64-ounce growlers to 12-ounce cans. 

Company NameFizzics
EntrepreneurDavid McDonald and Phil Petracca
ProductDispensers that utilize sound waves produce better tasting beer.
Investment Asking For$500,000 For 4% equity in Fizzics
Final Deal$2,000,000 For 16.67% equity in Fizzics
SharkLori Greiner and Mark Cuban
Episode Season 8 Episode 1
Business StatusIn Business
WebsiteVisit Website

Who Is The Founder Of Fizzics?

Phil Petracca And David McDonald are the founders of Fizzics. Phil Petracca and David McDonald asked themselves, “What is it about draft beer that makes it taste better than bottled beer?”

Further investigation revealed that the cause might be related to how beer is dispensed from a tap when under pressure.

They wondered if they could develop a device to make store-bought beer taste as good as draft beer after studying how it should be poured.

Fizzics was born after a few years, and beer lovers everywhere rejoiced. Fizzics now allows porch drinkers worldwide to enhance a regular can or bottle of beer, creating the sensation of drinking beer directly from the tap.

Fizzics Before Shark Tank

David and Phillip wondered why beer tastes so much better from the tap than a bottle or can while in a local pub? So they set out to figure out the answer.

They partnered together to bring fresh water from the tap to the domestic market by using science.

They figured out how to create a better beer foam without CO2, using soundwaves instead.

David and Phillip launched Fizzics with a successful crowdfunding campaign, then put their jobs on hold and on Shark Tank to raise money to expand.

How Was The Shark Tank Pitch Of Fizzics?

Phil and David appeared on Shark Tank requesting an investment of $500,000 in exchange for a 4% stake in Fizzics.

Philip and David had only been shipping their products for eight months and had already amassed $3.2 million in sales. They expect to make a profit of $220,000.

It costs just over $35 to make a Fizzics, and each unit retails for just over $199.

Phillip and David also revealed that they were working on a smaller, cheaper version of their machine, Waytap, that will work with cans of beer.

All of this was enough to cause the sharks to want to come and visit Philip and David, who received several different offers.

Mark Cuban and Lori Greiner teamed up and offered to take over 90% of Fizzics for $800,000 in exchange for $10 million.

Both Philip and David liked the idea of having two sharks on board.

Philip and David countered with $2,000,000 for 16.67% equity, which Mark and Lori accepted.

Philip and David left a Shark Tank stage with a deal from Mark and Lori for Fizzics.

Final Deal: Mark Cuban and Lori Greiner agreed to invest $2,000,000 For 16.67% equity in Fizzics.

What Happened To Fizzics After Shark Tank?

Mark and Lori accepted the deal for $2,000,000, a 16.67% increase in the value of Fizzics.

All four of them shook their heads, and the entrepreneurs left with smug expressions on their faces.

Fizzics has appeared on various selling platforms since their episode aired.

They developed a smaller machine, the WayTap, that accepts only cans and 12-ounce bottles as feedstock.

On QVC, you could purchase the smaller version for just $99, which is a full $100 less than the larger version. The smaller version is also more portable.

Fizzics’ goal of maximizing its number of selling channels has been achieved. They are now available at retail outlets such as Target, Best Buy, Brookstone, Amazon, and a variety of other locations and Bed, Bath & Beyond.

Numerous well-known magazines and websites have reviewed the Fizzics products, including Yahoo! Tech and cNet.

People have called the Fizzics beer-making machine “nothing short of a miracle.”

Fizzics Shark Tank Update

Fizzics appeared on the Shark Tank and later launched their next generation of Fizzics, the WayTap, which works on cans and bottles up to 12 ounces.

WayTap is a smaller, more affordable version of the iconic Fizzic, but it works with bottles and cans up to 12 ounces in size.

Fizzics worked with Shark Tank to create the perfect magic trick for bottles and cans. To make it happen, Fizzics raised another $1 million on Kickstarter.

Phillip left the company to make craft beer in Colts Neck, New Jersey. Fizzics declared bankruptcy in March 2014.

Fizzics is still in business as of 2022 and generates approximately $4 million.

Is Fizzics Still In Business?

Fizzics has released its Waytap device, “cheaper, smaller, and easier to use,” and has recently won the Innovation By Design contest sponsored by Fast Company.

Fizzics says that the company has an exciting pipeline of consumer products in development thanks to an investment from frogVentures.”

Fizzics have since introduced their next-generation Fizzics, the WayTap, now available online and in major retailers like Best Buy, Target, Brookstone, etc.

What Happened To Amber After Shark Tank?

An alternative to the Fizzics, called the WayTap, is smaller and more affordable. Still, it can only be used on cans and bottles with 12 ounces or less capacity.

Fizzics also successfully raised $1 million on Kickstarter to bring the product to market and collaborate with the Sharks.

Fizzics also works with craft breweries to install its commercial tap systems on their premises, according to the company.

What Is the Net Worth Of Fizzics?

The valuation of Fizzics was $2 million when it appeared on Shark Tank. The net worth of Fizzics is $4 million as of 2022.

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