Chill Systems is a portable, lightweight cooler that can keep beverages cold for up to 24 hours without the need for ice. The product was invented by two entrepreneurs, Chase Mitchell and Brian Bloch, who appeared on the television show “Shark Tank” in 2017 to pitch their idea to a panel of investors. The Chill Systems founders struck a deal with billionaire Mark Cuban, who invested $150,000 for a 15% stake in the company.
Since its appearance on Shark Tank, Chill Systems has grown significantly. The company has expanded its product line to include a variety of insulated bags, backpacks, and coolers designed for outdoor activities, picnics, and events. Chill Systems has also partnered with several major retailers, including Amazon and Dick’s Sporting Goods, to sell its products online and in-store.
Chill Systems’ success can be attributed to its unique design, which eliminates the need for ice and is environmentally friendly. The company’s products are made from recycled materials and are reusable, making them an attractive option for environmentally conscious consumers. Additionally, Chill Systems’ products are designed with convenience in mind, making them ideal for outdoor activities and events.
This article will explore the journey of Chill Systems from its appearance on Shark Tank to its current success as a leading provider of portable coolers and insulated bags. It will examine the company’s growth strategy, partnerships, and marketing efforts, as well as the challenges and obstacles the founders have faced along the way. Through this exploration, readers will gain insight into the world of entrepreneurship, product development, and marketing, and learn how Chill Systems has achieved success in a competitive market.
What Is Chill Systems?
Chill Systems is a company that gained popularity after appearing on the hit TV show Shark Tank. In essence, Chill Systems provides a portable cooling solution for drinks, in the form of a cooler device that is compact and easy to carry. The Chill Systems product is targeted at individuals who enjoy outdoor activities, such as camping, hiking, or fishing, as well as those who enjoy picnics or barbecues.
What makes Chill Systems unique is that its products are designed to be portable and easy to use. For example, the Chill Systems drink cooler can hold up to three gallons of water or other drinks, and can keep them cold for up to 24 hours, making it convenient for those who want to keep their drinks cold while they are out and about. Additionally, the Chill Systems drink cooler is easy to clean and can be stored easily in small spaces when not in use.
Constructed from recycled materials and filled with freezing gel, this chiller functions like an ice chamber by acting as a wall. It is a portable, lightweight, and durable beverage cooler that can be taken anywhere.
This chiller can keep a variety of drinks, including beer, wine, spirits, soda, coffee, sports drinks, and kombucha, cold for up to six hours. However, before use, the chiller should be frozen overnight. It has the capacity to hold three 12-16 oz cans and a 750 ml wine bottle side by side.
When used with the insulated Adventure Pack or Picnic Tote, the chiller can maintain drinks’ coolness for up to 24 hours. The Adventure and Picnic bags are two insulated bags designed to keep drinks cold.
On the other hand, the Adventure Bag, measuring 6.50″ L x 8.00″ W x 16.50″ and weighing 1.4 lbs, can fit six cans and two wine bottles, along with the chiller [1].
Both these bags, which cost $49.95, make the Chill System an ideal option for outdoor activities, events, and picnics, offering a convenient and eco-friendly way to keep drinks cold.
About The Founders Of Chill Systems
Chill Systems Company is co-founded and led by Chase Mitchell as CEO and Brian Bloch as CFO. Chase Mitchell, a Southern California native, pursued a degree in business administration from the University of Southern California.
During his college years, Chase was appointed as a campus ambassador for Minor in Web Technologies by Google. After graduating, he interned as a small business sales intern at Google and eventually became an account manager. He also worked on marketing campaigns for Apple Inc.
Brian Bloch, on the other hand, was born in Georgia and later moved to Los Angeles, where he earned his B.S. in Business Administration from the University of Southern California. He began his career as a finance marketing professional at Apple Inc and went on to work as a finance analyst on various Apple campaigns, including iTunes, Apple Watch, and Apple Media Products.
Aside from his professional career, Brian has traveled to 32 states, 25 countries, and six continents over the past 27 years. In 2008, he founded a finance company called Elbay Endeavors which provides financial and investment information. Together, Chase and Brian have worked to establish Chill Systems as a successful and environmentally conscious company that offers innovative beverage cooling solutions.
The Chill Systems Before Shark Tank
According to LinkedIn, Chill Systems was established in 2016, but it didn’t begin selling its products until 2018. The idea for this unique portable chiller came to Chase Mitchell while he was in college. He attended the Bluegrass Festival in San Francisco’s Golden Gate Park, where he saw people struggling to move one of the heavy coolers.
Chase and Brian decided to create a portable chiller that did not require ice or gel packs to cool the drink. However, the company faced significant challenges initially, particularly in terms of funding.
Despite the challenges, Chase and Brian remain committed to making a positive impact through their business. They have partnered with the non-profit organization water.org to donate 3% of their profits to help address the global water crisis. By supporting this cause, Chill Systems is not only providing innovative beverage cooling solutions but also making a meaningful contribution to society.
The Pitch Of Chill Systems At Shark Tank
The pitch of Chill Systems on Shark Tank was an interesting one, with founders Chase and Brian asking for $150,000 for a 15% equity stake in their company. Chill Systems offers a portable cooling solution for drinks, which is ideal for outdoor enthusiasts, campers, hikers, and picnickers. The product is designed to keep drinks cold for up to 24 hours, making it a valuable addition to any outdoor activity [3].
During the pitch, Chase and Brian talked about their traditional cooler and the problems associated with using ice to keep drinks cold. Their solution was to create a product that was portable, easy to use, and could keep drinks cold for an extended period. They also revealed that the production cost of the product is only $18, which means there is a significant margin for profit.
However, the Sharks did not seem impressed with Chill Systems during the pitch. Kevin O’Leary criticized the business idea, saying that the product was not unique enough to attract customers. None of the Sharks were willing to invest in the business, and the pitch ended without any deal being made.
Chill Systems After The Shark Tank
Chill Systems failed to secure a deal in Shark Tank as the Sharks didn’t consider it to be a feature-rich business idea. Although it’s unclear what impact the national TV appearance had on sales, media outlets such as Yahoo Sports, NBC, BuzzFeed, and Inc. featured the product after its pitch on the show.
The company has launched its product in the United States and Canada but has not yet begun international shipping. In August 2022, we visited Chill Systems’ website and found the product to be out of stock, with no availability on Amazon [4].
The episode featuring Chill Systems aired in March 2021, and while many people visited the website afterward, we doubt that sales increased significantly, given Kevin’s negative assessment of the product as a bad business idea. As of 2023, the Chill Systems product remains out of stock on its website, but insulated bags are currently available for purchase.
The Net Worth Of Chill Systems
The net worth of Chill Systems is a topic that has generated some interest among fans of the company and the hit show Shark Tank. The company, which provides a portable cooling solution for drinks, appeared on the show in Season 12, with founders Chase Mitchell and Brian Bloch asking for $150,000 for a 15% equity stake in their company. While they did not secure a deal on the show, the company has continued to grow and expand its product line.
There are varying reports on the net worth of Chill Systems, with some sources indicating that the company is no longer in business, and others suggesting that it has a net worth of several million dollars. One source, Techie Gamers, reported in September 2022 that Chill Systems had gone out of business, with a net worth of $0. However, this report is not backed up by other sources, and it is unclear whether or not the company has actually shut down.
Other reports suggest that Chill Systems is still in business and doing well. For example, an article on Business2Community from 2022 suggests that the founders of the company have a net worth of $4 million dollars [5]. Similarly, an article on StartupWorld from 2021 suggests that the company has sold over $111,000 worth of products in just over two years, indicating that the business is still active and growing.
While it is unclear exactly how much Chill Systems is worth at present, it is clear that the company has a loyal following and continues to attract customers who appreciate its innovative and convenient products. Its focus on portability and ease of use has helped it stand out in a crowded market, and its expanding product line suggests that the company is poised for continued growth and success in the years to come.
Alternatives To Chill Systems:
- YETI Hopper Backflip 24 Cooler: This portable cooler from YETI is a popular option for those who want to keep their drinks cold while on the go. It features a durable design, a waterproof and leakproof shell, and can keep ice frozen for days;
- Hydro Flask Cooler Cup: This insulated cup from Hydro Flask is a great alternative to Chill Systems for those who only need to keep a few drinks cold. It features double-wall vacuum insulation, a spill-resistant lid, and can keep drinks cold for up to 24 hours;
- The Corkcicle Chiller is a portable drink chiller that can keep your beverage cold for up to 25 hours. It features a gel-filled core that can be frozen before use;
- Coleman Steel Belted Portable Cooler: This classic cooler from Coleman offers a retro look and feel, with a steel exterior and a roomy interior that can hold up to 84 cans. It features a hinged lid with built-in cup holders, and can keep ice frozen for up to four days;
- Igloo MaxCold Cooler: This portable cooler from Igloo features a hard-sided design, with an insulated lid that can keep drinks cold for up to five days. It has a large capacity, with room for up to 100 cans, and features built-in cup holders and a threaded drain plug;
- RovR RollR Wheeled Cooler: This wheeled cooler from RovR features a modular design, with compartments for food, drinks, and accessories. It has a large capacity, with room for up to 60 cans, and can keep ice frozen for up to ten days [6];
FAQ:
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Is Chill Systems still in business?
As of April 2023, it is unclear whether Chill Systems is still in business. The company’s website is currently unavailable, and it is not clear if they have plans to resume operations in the future.
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Why do most Shark Tank deals not close?
Most Shark Tank deals do not close due to a variety of reasons, such as disagreements over valuation, differences in strategic direction, and issues with the deal structure. Additionally, not all deals that are made on the show actually come to fruition in the real world.
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Does the Chill chest work?
Based on customer reviews, the Chill chest appears to work as advertised, keeping drinks and other items cold for several hours without the need for ice.
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What is the Chill chest made of?
The Chill chest is made of recycled materials and features a freezing gel inside to keep drinks cold.
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Is an ice chest by Chill Systems the same as a cooler?
Yes, an ice chest by Chill Systems is essentially the same thing as a cooler, designed to keep items cold for an extended period without the need for ice.
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Who turned down $30 million on Shark Tank?
In 2016, Mark Cuban famously turned down a $30 million offer from Chris Sacca for 10% of his company, Cyber Dust [7].
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Has any Shark Tank deals failed?
Yes, several Shark Tank deals have failed, either due to issues with the product or company, disagreements between the Sharks and entrepreneurs, or other factors. However, many deals have also been successful and resulted in significant growth for the businesses involved.
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Where are Chill coolers made?
It is unclear where Chill coolers are made, as the company’s website is currently unavailable.
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What is the second most successful Shark Tank product?
It is difficult to determine the exact ranking of Shark Tank products in terms of success, as the success of a product can be measured in a variety of ways. However, some of the most successful products to come out of the show include the Scrub Daddy, the Simply Fit Board, and the Squatty Potty.
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Does Shark Tank get paid?
Shark Tank is a television show that generates revenue through advertising and sponsorships, but the Sharks themselves do not receive payment for appearing on the show. They invest their own money into the businesses they choose to support.
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Does Shark Tank ended?
As of April 2023, Shark Tank has not ended and continues to air new episodes.
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What is the least successful product on Shark Tank?
There have been many unsuccessful products on Shark Tank, but one that stands out is the Ionic Ear. The Ionic Ear was a device that was meant to enhance hearing by electrically stimulating the ear canal. The device was pitched on the show in 2005, but it failed to generate any interest from the Sharks. The product was ultimately a failure, with many customers complaining that it did not work as advertised.
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How long can a Chill Systems ice box last?
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Does a Chill chest really work?
Yes, the Chill Chest by Chill Systems does work. The product is designed to keep food and drinks cold without the need for ice or electricity. It uses a unique cooling technology that allows it to maintain a temperature of up to 32 degrees Fahrenheit for hours. The Chill Chest has received positive reviews from customers who have used it, with many praising its effectiveness and convenience.
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Does a Chill chest need ice?
No, a Chill Chest does not need ice to keep food and drinks cold. The product uses a unique cooling technology that allows it to maintain a low temperature without the need for ice or electricity. This makes it a convenient and portable solution for keeping items cool, especially when traveling or outdoors.
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What is the Chill chest made of?
The Chill Chest by Chill Systems is made of high-quality materials, including a durable plastic outer shell and a removable inner liner. The inner liner is made of a special polymer material that allows it to hold cold temperatures for extended periods. The Chill Chest also features a collapsible design that makes it easy to store when not in use.
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Can you keep milk in a Chill ice chest?
Useful Video: “It Only Holds Three Cans?” The Sharks Question Chill Systems | Shark Tank US | Shark Tank Global
References:
- https://sharktankrecap.com/chill-systems-update-shark-tank-season-12
- https://sharktanktalks.com/chill-systems-shark-tank-update/
- https://insidergrowth.com/chill-systems-net-worth/
- https://www.sharktankblog.com/business/chill-systems/
- https://thecinemaholic.com/update-on-chill-systems-from-shark-tank/
- https://allsharktankproducts.com/shark-tank-products-home/chill-systems-beverage-cooler/
- https://sharktanktales.com/chill-systems-shark-tank-update/
- https://www.therealitytv.com/chill-systems/