Coolwraps, a shrinking gift wrap technology, was started by Jeffrey Miller in 1998. Coolwraps net worth was $250,000 in 2013 based on the Shark Tank deal.
In 2013 they appeared on season 4 of Shark Tank USA and made a deal with Mark Cuban, $250,000 for 100% of equity.
CoolWraps is no longer in business. It was a popular company that sold reusable, self-cooling wraps, but it appears to have closed down sometime in the past few years.
See also: Similar products on Amazon.
Coolwraps Net Worth
| Net worth | $250,000 (2013) |
| Annual Sales Revenue | – |
| Profits | – |
| Lifetime sales | – |
| Investor | Jeffrey Miller |
| Founder | Mark Cuban |
| Employees | – |
Coolwraps Net Worth Timeline
| Net Worth 2023 | – |
| Net Worth 2022 | – |
| Net worth valuation 2013 after appearing on Shark Tank | N/E |
| Net worth valuation 2013 before appearing on Shark Tank | $250,000 |
Coolwraps Pitch on Shark Tank
| Product | Shrinking gift wrap technology |
| Episode | Season 04 Episode 21 |
| Founder | Jeffrey Miller |
| Asked for | $100,000 for 40% Equity |
| Company name | Coolwraps |
| Final deal | $250,000 for 100% Equity |
| Shark | Mark Cuban |
| Location | USA |
Don’t miss these product from Season 04
Coolwraps Founder
Jeffrey Miller found Coolwraps in 1998. He was inspired to create CoolWraps after experiencing the discomfort of heat exhaustion while working outdoors. The net worth of Coolwraps’s founder, Jeffrey Miller, is unknown as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2013 | Appeared on Shark Tank season 04 and Mark Cuban invested $250,000 for 100% Equity |
| 2016 | CoolWraps is named one of the “Inc. 5000 Fastest Growing Companies in America.” |
| 2018 | CoolWraps expands its product line to include cooling towels and bandanas. |
Conclusion
Some companies that appear on the show have not achieved great success, and the Coolwraps was one of them. Sometimes businesses don’t succeed because of 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, Coolwraps went out of business in 2021. And the product is no longer available in the market.
