Coolbox Net Worth 2023 Update (Before & After Shark Tank)

Shark-Tank-US-Net-worth-Update-Coolbox

Coolbox,  a Smart toolbox, was started by Chris Stoikos and Jason Neubauer in 2011. Coolbox’s net worth was $5 Million in 2016 based on the Shark Tank deal.

On April 8, 2016, they appeared on Season 7 of Shark Tank USA and made a deal with Lori Greiner, a $500,000 loan at 5% interest for 15% equity.

Coolbox went out of business in 2018. Their products are no longer available in the market.

Coolbox Net Worth

Net worth$5 Million (Business Valuation)
Lifetime sales
InvestorLori Greiner
FoundersChris Stoikos and Jason Neubauer

Coolbox Net Worth Timeline

Net Worth 2023Out Of Business
Net worth valuation in 2016 after appearing on Shark Tank  $3.33 Million
Net worth valuation in 2016 before appearing on Shark Tank  $5 Million

Coolbox Pitch on Shark Tank

Company nameCoolbox
ProductSmart toolbox
EpisodeSeason 07 Episode 23
FoundersChris Stoikos and Jason Neubauer
Asked for$500,000 for 10% equity
Final deal$500,000 loan at 5% interest for 15% equity
SharkLori Greiner
LocationUSA

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Coolbox Founders

Coolbox was founded by Chris Stoikos and Jason Neubauer in 2011. Chris is a serial entrepreneur. Jason’s background is not in the business field. Coolbox’s founders, Chris Stoikos and Jason Neubauer, have a net worth of USD 5 Million as of 2023.

Key accomplishments

YearAccomplishment
2016Coolbox Smart Toolbox was featured on Shark Tank

Conclusion

Some companies that appear on the show have not achieved great success, and the Coolbox was one of them. Sometimes businesses don’t succeed for many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However,  Coolbox went out of business in 2018. And the product is no longer available in the market.