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Fizzics — What Happened After $2 Million Mark Cuban Shark Tank Deal by 2Paragraphs in Business Spotlight, Shark Tank | September 15, 2017
Fizzics Waytap commercial (YouTube)
Fizzics is a personal beer dispenser that enhances the head and flavor of any bottled or canned beer. The inventors of Fizzics, Phil Petracca and David McDonald of Wall, New Jersey, pitched their business on Shark Tank in
September 2016. In an episode where all six Sharks were present, Fizzics convinced two of them — Mark Cuban and Lori Greiner — to offer an investment of $2 million in exchanged for 16.67 percent equity. They went into the Tank seeking $500,000 for 4 percent. [The Original Fizzics (for 64 oz.) is $169 on
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Amazon]
[Fizzics Waytap (for 12 to 24 oz.) is $120 on Amazon]
Since Shark Tank, Fizzics rolled out its “cheaper, smaller, and easier to use” Waytap which recently won an award at Fast
Company’s “Innovation By Design” 2017 competition. Fizzics reports that “through an investment from frogVentures, we have an exciting pipeline of consumer products which are currently in development.” The company is also working with craft breweries to install Fizzics commercial tap systems on site. [27 Favorite ‘Shark Tank’ Products — The New List]