Coolbox Net Worth 2023 Update (Before & After Shark Tank)
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 | – |
| Investor | Lori Greiner |
| Founders | Chris Stoikos and Jason Neubauer |
Coolbox Net Worth Timeline
| Net Worth 2023 | Out 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 name | Coolbox |
| Product | Smart toolbox |
| Episode | Season 07 Episode 23 |
| Founders | Chris Stoikos and Jason Neubauer |
| Asked for | $500,000 for 10% equity |
| Final deal | $500,000 loan at 5% interest for 15% equity |
| Shark | Lori Greiner |
| Location | USA |
Don’t miss these products from Season 7
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
| Year | Accomplishment |
| 2016 | Coolbox 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.
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