BeatBox Beverages' reputation is secured as a company that creates products that drive incremental profit in high-growth categories with specific expertise in the Millennial and Gen Z target.ġHodges, Chris. Boasting a roster of investors including Mark Cuban, Rob Dyrdek as well as DJs Party Favor, Louis The Child, Good Times Ahead, and many others. Later adding on a team of industry veterans from InBev, MillerCoors, Deep Eddy, and Tito's Handmade Vodka, to name a few – who know how to develop, launch, and quickly grow authentic brands. One year later, they made Shark Tank, walking away with the biggest investment the show had made at that time, $1million from Mark Cuban. On a cash basis, Mark hasn’t made a big return but his equity is worth significantly more.United through a love of music and inspired by the entrepreneurial spirit of Austin, Texas, the founders of BeatBox Beverages set out to create something that could help everyone #PartyBetter. In an interview with Forbes, Mark Cuban rated Beatbox as one of his best Shark Tank deals along with Dude Wipes. Daniel Sing left in 2013 and Jason Schieck left in 2021. Out of the five original co-founders, three remain. They’ve also raised $15 million at a $200 million valuation through crowdfunding and investors such as Rob Dyrdek, Louis The Child, and Party Favor.Īs the business expanded its range of drinks it set up a new company called Future Proof LLC under which the BeatBox brand sits. They lost $4.2 million in 2019 and $3 million in 2020 but became profitable in 2021. The growth hasn’t slowed down, they are expecting to make $20 million in 2022 and co-founder Justin Fenchel is aiming to do $100 million by the end of next year.ĭespite the impressive growth, the business lost money to scale the business. Revenue has grown from $1 million in 2017 to $18 million in 2021. They are now available in over 40,000 retail locations including 7-11, Walmart, Kroger, Casey’s, and Circle K.īeatbox has come a long way since Shark Tank. The publicity from the show was a huge help and the company is continuing to grow exponentially. Currently, it’s now the joint 10th largest-ever deal.įour months after the episode aired, Beatbox Beverages did $440,000 in sales. The founders countered with the same equity but for $1 million, and was one of the biggest deals on the show at that time. Then, Mark Cuban said he was the best fit and deal and proposed $600,000 for 33%. Wonderful made an offer after Barbara Corcoran. Kevin O’Leary, who considers himself a wine connoisseur, said it tasted bad, but the others disagreed with him. ![]() In 2014, Justin, Brad, and Aimy appeared on season six of Shark Tank, seeking $200,000 for a 10% equity stake.Īfter making a strong start to the pitch, they handed out samples to the Sharks. The success they got was through self-distribution, but to scale the business they needed a strategic partner. Does BeatBox have alcohol in it BeatBox is a wine-based Party Punch. The team met as students at a business school in Austin, TX, with two co-founders. Their drinks became a huge hit, and a year after starting, they made $200,000 in sales. Aimey Steadman, Justin Fenchel, and Brad Schulz show up in episode 604 of Shark Tank to request money for their business, BeatBox Beverages, which offers soft beverages in a box. The co-founders bootstrapped the business with $55,000 and borrowed an additional $100,000 to get the business going. The flavors are uncommon, and the drinks are placed in creative stereo-shaped boxes. You havent seen the full BeatBox Beverages Shark Tank episode Its time for that to changeSit back and enjoy as Mark Cuban and the other Sharks get to bus. The odd man out is Brad Schultz, who has a bachelor’s degree in marketing.īeatBox Beverages was launched in November 2011 as an alcoholic wine product that tasted more like vodka and Gatorade. He did an MBA at McCombs School of Business with Aimy, Jason and Dan. Justin Fenchel started as a financial analyst and later turned into a serial entrepreneur. ![]() There were three entrepreneurs who pitched on the show, but there were five people who co-founded the company: Jason Schieck, Brad Schultz, Aimy Steadman, Daniel Singer, and Justin Fenchel. As of 2023, Beatbox Beverages is valued at $200 million. It was featured on Shark Tank and the founders struck a deal with Mark Cuban. ![]() Enter BeatBox Beverages, a line of wine products with unique tastes and packaging. Wine isn’t a drink that appeals to every millennial as some find its flavor too bland.
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