Hydromax is a shoulder-mounted hydration system that keeps athletes hydrated on the field. This was started by Chris Spencer in 2007. Hydromax’s net worth was $100,000 in 2011 based on the Shark Tank deal.
In 2011 they appeared on Season 2 of Shark Tank USA and made a deal with Jeff Foxworthy, $50,000 for 50% of equity.
After the Shark Tank pitch, Hydromax gained significant popularity in the market. However, the business became inactive in 2022. As of October 2023, Hydromax is out of business.
Hydromax Net Worth
| Net worth | $2 million (2022) |
| Annual Sales Revenue | $2 million (2022) |
| Profits | – |
| Lifetime sales | – |
| Investor | Jeff Foxworthy |
| Founder | Chris Spencer |
| Employees | – |
Hydromax Net Worth Timeline
| Net Worth 2023 | Out of business |
| Net Worth 2022 | $2 million |
| Net Worth 2021 | – |
| Net Worth 2020 | – |
| Net worth valuation in 2011 after appearing on Shark Tank | $100,000 |
| Net worth valuation in 2011 before appearing on Shark Tank | $200,000 |
Hydromax Pitch on Shark Tank
| Company name | Hydromax |
| Product | A shoulder-mounted hydration system that keeps athletes hydrated on the field |
| Episode | Season 02 Episode 07 |
| Founder | Chris Spencer |
| Asked for | $50,000 for 25% equity |
| Final deal | $50,000 for 50% equity |
| Shark | Jeff Foxworthy |
| Location | Houston, Texas |
Don’t miss these products from Season 2
Hydromax Founder
Hydromax was founded by Chris Spencer in 2007. Chris completed his bachelor’s degree at the San Francisco State University. While he was an undergraduate he played on the university baseball team. He is an athlete as well as an entrepreneur. Besides his own business, Chris has worked in other positions in the business industry. Currently, he is the senior Business Account Executive for T-Mobile. Hydromax’s founder, Chris Spencer’s net worth is unknown.
Key accomplishments
| Year | Accomplishment |
| 2011 | Hydromax appeared on Shark Tank season 2 and won a deal |
Conclusion
Some companies that appear on the show have not achieved great success, and the Fitness Stride 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, Fitness Stride went out of business in 2022. And the product is no longer available in the market.
