What Is Hydromax?
HydroMax is a simple, easy-to-use product for football players concerned about dehydration.
The HydroMax System stores 16 ounces of fluid on the back of an individual’s body, ensuring that the wearer can perform at their best while wearing it.
Hydromax is a proprietary hydration device that was developed specifically for football athletes.
Football players can wear it between their shoulder pads to keep hydrated while on the field, and it has a hidden sipping tube to keep fluids cool while on the field.
An athlete can simply hydrate by sucking on the bite valves attached to the protect water bag through a pair of high-strength tubes.
However, even though the HydroMax system was developed for football, it can be used for any contact sport, such as soccer and lacrosse.
|Product||Hydration system attached to the shoulder|
|Investment Asking For||$50,000 For 25% equity in Hydromax|
|Final Deal||$50,000 For 50% equity in Hydromax|
|Episode||Season 2 Episode 7|
|Business Status||Out Of Business|
Who Is The Founder Of Hydromax?
Chris Spencer is the founder of HydroMax System who played baseball at San Francisco State University.
In 2004, one year after he graduated from college, Spencer was drafted by both the Atlanta Braves and Houston Astros to play Major League Baseball but chose to follow his inventive passion instead of pursuing a career in baseball.
Spencer served as the Executive Director of HydroMax from 2005 to 2011. Spencer also served as a Business Development Manager for Verizon from 2007 until 2013.
He spent four years with AT&T as a Sales Manager following his departure from Verizon, and he is currently with T-Mobile as an Account Executive.
Spencer was a football fan growing up in Houston, Texas. When Spencer reflected on his college experiences, he saw a simple solution to on-field dehydration.
He worked diligently to secure a patent for his idea, and by 2007, he had a finished device.
Spencer had a winner on his hands after his product placed first on “Made in the USA” and earned the Technology Outreach Program’s Product of the Year award.
Nonetheless, Spencer stepped away from the product after marrying the love of his life.
The HydroMax System concept was revisited in 2011, and Spencer successfully negotiated a deal with Jeff Foxworthy on Shark Tank.
Hydromax Before Shark Tank
Chris Spencer of Houston, Texas, invented the Hydrax. The idea for the device came while he was playing football in his youth.
Chris’s passion for this product is because there are currently 14 million children playing football, the most popular sport in America, and some of them are dying from dehydration.
Thus, Chris came up with Hydromax – a device that will allow youngsters and other athletes to stay hydrated throughout their games by providing them with water.
Hydromax is a hydration system that can be attached to the shoulder pads of athletes who utilize it.
It’s easy to attach the hydration advice via Velcro, and the device’s rugged design is sure to withstand tackles on the football pitch.
The Hydromax features a 16-ounce water pouch and a water tube that extends through the shoulder pads so that football players can drink water easily.
Chris launched Hydromax in 2007 but married and raised a family shortly after that.
He has given up on his dream of bringing Hydromax to market to provide the most support for his family.
Chris is just as determined to secure a distributor for his product today as when he was 17.
While he is still working full-time in the corporate world, he recognizes the importance of immediate action to market the product.
He enters the shark tank in quest of financial assistance, a business partner, and most crucially, someone to establish distribution channels for his goods.
How Was The Shark Tank Pitch Of Hydromax?
Chris Spencer, the founder of Hydromax, appeared on Shark Tank seeking an investment of $50,000 in exchange for a 25% stake in Hydromax.
A guest Shark, Jeff Foxworthy, offered $50,000 for a 50% stake in Hydromax. Chris Spencer happily agreed to the Foxworthy deal.
Chris Spencer walked away from Shark Tank, securing a deal from Shark Jeff Foxworthy.
Final Deal: Jeff Foxworthy agreed to invest $50,000 for 50% equity in Hydromax.
What Happened To Hydromax After Shark Tank?
Chris formed a partnership with guest shark Jeff Foxworthy where the two of them could play football in a 50/50 game.
Jeff Foxworthy invested in Chris’ business and helped him get HydroMax on the market.
You can use Hydromax on all kinds of football players, from kids playing in the local leagues to teams like the Dallas Cowboys and San Diego Chargers playing on the national stage.
Chris succeeded in making football safer and is now the CEO of his own company. Chris Spencer’s system has taken off, and he is now the CEO of his company.
Hydromax is still in business as of 2022, with annual revenue of $2 million.
Hydromax Shark Tank Update
Hydromax has been highly successful since Chris Spencer’s appearance on Shark Tank.
Jeff Foxworthy’s financing and skills helped Chris bring his Hydromax product to market, making it a must-have for high school and college football teams.
Some professional footballers now use the Hydromax system on teams like the Dallas Cowboys and the San Diego Chargers. The Hydromax system is also available for purchase on the Hydromax website.
After appearing on Shark Tank, Chris has also been able to leave his corporate job and become the full-time CEO of his own company.
Jeff Foxworthy has earned a return on his investment, so this is one of Shark Tank’s greatest successes.
Is Hydromax Still In Business?
Hydromax is out of business as of 2022, with annual revenue of $2 million. Spencer has resigned from his position as Executive Director of HydroMax.
He characterizes his arrangement with Foxworthy as “tentative.” Since leaving Shark Tank, Spencer has pursued a career in the telecommunications sector.
His current job is in AT&T’s fiber deployment group in Houston as a sales leader. He is also enrolled at the Jack Welch Management Institute to get his MBA.
What Is the Net Worth Of Hydromax?
The valuation of Hydromax was $200,000 when it appeared on Shark Tank. The net worth of Hydromax is $2 million as of 2022.