Have you ever wondered what happens behind the scenes of those innovative floating drink holders you saw on Shark Tank? Let's dive into the top Chinese factories that brought these clever products to life, comparing their journeys, successes, and challenges in the competitive world of floating beverage holders.

BevBoy: Here's What Happened After Shark Tank

Product Details: The BevBoy is a floating beverage cup holder designed to prevent drinks from spilling in water. It consists of two parts: a traditional foam can sleeve and a polypropylene weight that acts as a stabilizer, keeping the drink upright. The product is intended for use with 12oz cans or 12oz/16oz plastic cups and is suitable for pool parties, hot tubs, and other water activities. It was pitched on ABC's 'Shark Tank' in Season 6, Episode 15 by Kevin Waltermire, who highlighted its ability to solve the common problem of drinks spilling in water.

Pros:
- Prevents beverages from tipping over in water, ensuring they stay upright.
- Suitable for various water activities such as pool parties and hot tubs.
- Compatible with different types of beverages, including beer, soda, and sparklin...
- Amusing and appealing design that captures attention.

Cons:
- Despite a deal with Daymond John on 'Shark Tank,' the company was unable to secu...
- The deal with Daymond John never finalized, leading to the company's demise.
- Kevin Waltermire's failure to bring order forms to a trade show and lack of sign...
- High equity stake demanded by investors, with Lori Greiner offering 40% and Daym...

Is The Floating Mug Company From Shark Tank Still ...

Product Details: The Floating Mug Company's product is a porcelain mug with a built-in base that acts as a coaster, inspired by the shape of a banana holder. This design allows the mug to sit a few inches above the coaster, connected by an extended handle, giving the mug the appearance of floating in the air. The mug was initially manufactured in China and later in the U.S. The cost to manufacture each mug was $12, but this was reduced to $4 with larger production quantities. The mugs were initially sold for $29.99 but later reduced to $16.99 on Amazon. Chiriga also

developed a prototype of a drinking glass with a silicone reservoir to collect condensation and prevent the need for a coaster.

Pros:
- Prevents ring-shaped stains on furniture by keeping the hot part of the cup abov...
- Reduces the need for coasters or napkins.
- Innovative design inspired by a banana holder.
- Significant sales traction with $105,000 in the first year and successful Kickst...

Cons:
- High initial price point of $29.99, which was considered expensive by the Sharks...
- Concerns that the product might not be stable enough and could tip over.
- Heat could still transfer down the handle to the coaster, potentially damaging f...
- Consumer hesitancy towards the product design, with some questioning its viabili...

BeverageBoy Floating Beer Koozie Shark Tank Season 6

Product Details: BeverageBoy is a floating drink holder designed to prevent spills in pools. It consists of a traditional foam can cooler and a weighted polypropylene arm extension that keeps the drink upright. The product is suitable for 12oz cans or 12oz/16oz plastic cups. It is priced at $9.99 for retail and $5 for wholesale. The founder, Kevin Waltermire, pitched the product on Shark Tank, seeking $50,000 for 15% equity but secured a deal with Daymond John for $50,000 for 35% equity, although the deal never closed.

Pros:
- Prevents drink spills in pools and hot tubs
- Unique and entertaining way to enjoy drinks while floating
- Affordable price point at $9.99
- Functional and stable design with a weighted extension
- Suitable for various types of beverages

Cons:
- The deal with Daymond John never closed
- The company went out of business sometime after 2017
- Limited market traction despite the Shark Tank appearance
- Failed to secure significant retail orders as required by some investors

Bev Boy original - Kustom Koozies

Product Details: The BevBoy is a two-component product consisting of a traditional foam can cooler and a weighted polypropylene arm extension. The foam cooler keeps beverages cold, while the arm extension balances the weight, allowing the drink to float upright in water. It is designed for 12oz cans or 12oz/16oz plastic cups. The product is available in blue with the BevBoy logo and has a shipping and handling cost of $3.99 each.

Pros:
- Keeps beverages cold and prevents spills by allowing the drink to float upright...
- Compatible with 12oz cans and 12oz/16oz plastic cups.
- Provides stability and balance, ensuring the drink does not tip over.

Cons:
- Limited color options, available only in blue with the BevBoy logo.
- Additional shipping and handling cost of $3.99 each.

Soak in the holidays with the beverage bobber floating drink ...

Product Details: The product is a portable and compact water filter designed for outdoor use. It is lightweight, easy to carry, and can filter out bacteria, viruses, and other contaminants from water.

Pros:
- Portable and lightweight
- Effective in filtering out bacteria, viruses, and contaminants
- Easy to use and maintain

Cons:
- Limited filter lifespan
- May not be as effective in extremely turbid water
- Replacement filters can be costly

Patented Floating Drink Holder - Beverage Bobber

Product Details: The Beverage Bobber is a patented floating drink holder designed to keep your favorite beverage cool and afloat in or out of the water. It comes in two sizes: the small size fits 12oz can coolers and bottles, while the large size accommodates tumblers and ramblers from 16oz to 30oz. The inflatable design allows for easy collapse and storage. It is designed to enhance your time on the water by keeping your drink within arm's reach, eliminating the need to hold it above the water.

Pros:
- Comfortably floats your favorite beverage while keeping it cool.
- Available in two sizes to fit various types of containers.
- Inflatable design for easy storage and portability.
- Enhances relaxation time on the water by keeping your drink accessible.

Cons:
- No specific cons mentioned in the product description.
- May require inflation before use, which could be a minor inconvenience.

Shark Tank

Product Details: The Coldest water bottles, specifically the Limitless series, are designed to keep drinks cold for up to 36 hours and hot for up to 13 hours. The bottles come in 36oz and 46oz sizes, making them the largest on the market. They feature three interchangeable lids, allowing the bottle to function as a shaker bottle, sports bottle, and sip bottle. The bottles are 100% leak-proof, have a non-slip rubber bottom, and fit in 99% of all cupholders. They also have huge custom sleek handles and are compatible with various lids, including COLDEST wide mouth lids and CIRKUL lids.

Pros:
- Keeps drinks cold for up to 36 hours and hot for up to 13 hours
- Interchangeable lids for multiple uses (shaker, sports, sip)
- 100% leak-proof
- Non-slip rubber bottom
- Fits in 99% of all cupholders
- Large handle for easy carrying
- Universal compatibility with various lids

Cons:
- High retail price of $55.99 per unit
- Complex inventory management with many SKUs
- Significant advertising expenses
- Company has experienced financial losses despite high sales

Invention for Woodworking Enthusiasts: Shark Tank featuring ...

Product Details: Thompson Woodworks specializes in custom cabinetry, including kitchen cabinets, bathroom cabinets, tables, bar tops, furniture, doors, and storage and shelving. They use classic techniques combined with modern methods to create unique and functional pieces.

Pros:
- High-quality craftsmanship
- Use of quality materials
- Attention to detail
- Client collaboration to bring custom visions to life
- Timeless and unique wood creations

Cons:
- No specific cons mentioned on the website
- Custom and handmade products may be more expensive

Where Is BeverageBoy From Shark Tank Today?

Product Details: The BeverageBoy, also known as BevBoy, is a two-component product. It consists of a traditional foam can cooler to keep beverages cold and a weighted polypropylene arm extension that balances the weight of the beverage, preventing it from tipping over in water. The product is designed for use with 12oz cans or 12oz/16oz plastic cups and is intended to solve the problem of spilling drinks while in a pool or hot tub.

Pros:
- Keeps beverages cold using a foam can cooler.
- Prevents drinks from tipping over in water due to the weighted polypropylene arm...
- Allows users to swim or relax in the water without holding their drinks.

Cons:
- Despite its innovative design, the product failed to gain significant traction a...
- The deal with Daymond John on Shark Tank did not finalize, leading to the compan...
- The product's high retail price ($9.99) compared to its low production cost ($2)...

Chill-N-Reel - the only can cooler you can fish with! – Chill-N ...

Comparison Table

Frequently Asked Questions (FAQs)

What is the Floating Mug Company and how did it originate?

The Floating Mug Company was founded by Tigere Chiriga, who came up with the idea after moving into his first home and facing the problem of ring-shaped stains on his furniture from his tea and coffee mugs. Inspired by a banana holder, he designed a porcelain mug with a built-in base that acted as a coaster, giving the mug a floating appearance.

Did the Floating Mug Company secure an investment on Shark Tank?

No, the Floating Mug Company did not secure an investment on Shark Tank. Despite a successful Kickstarter campaign and $105,000 in sales, the Sharks were skeptical about the product's high price and its ability to compete with traditional mugs and coasters. However, Chiriga later had a potential deal with Lori Greiner on "Beyond the Tank," but it never materialized.

What happened to the Floating Mug Company after Shark Tank?

After the Shark Tank appearance, the Floating Mug Company faced several challenges. The company struggled with filling orders, and despite another successful Kickstarter campaign for an improved glass version, it encountered packaging and shipping issues. Eventually, the company's website was taken down, and it has no presence on social media, indicating that it is no longer in business.

Were there any other floating drink-related products on Shark Tank?

Yes, another product related to floating drinks appeared on Shark Tank. Kevin Waltermire pitched his BeverageBoy, a floating beverage holder designed for use in pools and hot tubs. Although he secured a deal with Daymond John, the deal never closed, and the company eventually went out of business.

Why did floating drink-related products struggle after Shark Tank?

Both the Floating Mug Company and BeverageBoy struggled due to various reasons. For the Floating Mug Company, the high production costs and the product's premium pricing made it hard to compete with cheaper alternatives. For BeverageBoy, despite a promising start, the deal with the investor never materialized, and the company failed to gain significant traction in the market. These challenges ultimately led to both companies ceasing operations.