“Coolwraps” got featured on Shark Tank America in March 2013. The current net worth of Coolwraps is unknown, as the business is not in operation since 2021. And the product is no longer available in the market. According to our online research, Coolwraps went out of business in 2021.
| Coolwraps’s Net worth before appearing on Shark Tank | 250,000 USD (business valuation) |
| Coolwraps’s Current Net worth (2023) | Out of Business |
| Episode | Season 04 Episode 21 |
| Company name | Coolwraps |
| Product | Shrinking gift wrap technology |
| Founder | Jeffrey Miller |
| Asked for | $100,000 for 40% Equity |
| Final deal | $250,000 for 100% + 3% royalty |
| Shark | Mark Cuban |
| Business status | Out of Business |
| Location | USA |
Coolwraps’s founder, Jeffrey Miller, net worth is unknown as of 2023.
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, the Coolwraps went out of business in 2021. And the product is no longer available in the market.