The Kooler, created by entrepreneur Stan Efferding, was pitched on Shark Tank as a versatile cooler designed for fitness enthusiasts, offering separate compartments for different beverages and meals. Although the company secured a $50,000 deal with Daymond John, the partnership didn’t materialize.
Despite this, The Kooler has gained popularity among athletes, though it has not achieved significant commercial success.The business remained operational since show, but has not seen substantial growth. It went out of business 2021.
The Kooler Net Worth
| Estimated Net worth | $333,000 business valuation (2017) |
| Annual Sales Revenue | Not available |
| Lifetime sales | Not available |
| Investor | Daymond John |
| Founder | Stan Efferding |
| Employees | Not available |
The Kooler Pitch on Shark Tank
| Company name | The Kooler |
| Product | An insulated beverage cooler |
| Episode | Season 08 Episode 15 |
| Founder | Stan Efferding |
| Asked for | $50,000 for 15% equity |
| Final deal | $50,000 for 33.3% equity |
| Shark | Daymond John |
| Location | Portland, Oregon |
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The Kooler Founder
The Kooler was founded by Stan Efferding in 2014. Stan is a well known accomplished athlete. He is an American IFBB professional body builder and a powerlifter. Stan is also a brilliant entrepreneur owning three startup businesses. The Kooler’s founder Stan Efferding’s net worth is unknown as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2017 | The company appeared on Shark Tank pitch and won a deal. |
Conclusion
Some companies that appear on the show have not achieved great success, and the The Kooler 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 Kooler went out of business in 2021. And the product is no longer available in the market.