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What happened to Coldest on Shark Tank?

Coldest on Shark Tank/techfullnews

In the high-stakes world of Shark Tank, entrepreneurs often believe that showcasing massive sales and rapid growth is the key to winning over the sharks. However, the journey of Coldest, a Florida-based brand known for its premium insulated water bottles and cold-temperature products, proves that even impressive numbers aren’t always enough to secure a deal. This is the story of how twin brothers Joe and Dave Ahmad built a thriving business, faced tough scrutiny on Shark Tank, and emerged stronger by staying true to their vision.


The Birth of Coldest: From Engineering Careers to Entrepreneurial Dreams

Coldest was founded in 2015 by twin brothers Joe and Dave Ahmad. While both had successful careers in engineering, they shared a dream of building a business that could make a mark in a competitive market. The idea for Coldest was born when Dave noticed a flaw in his brother’s water bottle and decided to create a better version. Joe joined as the marketing director, and together, they launched a brand that would soon disrupt the insulated drinkware industry.

By 2017, Coldest had already generated nearly 1millioninrevenue.Thebrandexpandeditsproductlinetoincludeinnovativeitemslikepillows,dogbeds,andothercold−temperatureaccessories.By2022,Coldest’srevenueskyrocketedto1millioninrevenue.Thebrandexpandeditsproductlinetoincludeinnovativeitemslikepillows,dogbeds,andothercoldtemperatureaccessories.By2022,Coldestsrevenueskyrocketedto15.1 million, with projections to hit $22 million by the end of 2023. Despite these staggering numbers, the company faced challenges that would ultimately shape its future.


Coldest on Shark Tank: A High-Stakes Pitch

In Season 15, Episode 15 of Shark Tank, Coldest made its debut alongside other innovative products like the Psyonic Bionic Hand. The Ahmad brothers brought their A-game, showcasing their charisma and even using smoke machines to blast cold air during their presentation. They sought a 600,000investmentfora2600,000investmentfora230 million.

The sharks were initially impressed by Coldest’s explosive growth, but cracks began to show during the discussion. Despite generating millions in revenue, the company was not as profitable as expected. In 2022, Coldest reported a 400,000lossduetoheavyreinvestmentinmarketingandproductexpansion.Additionally,thecompanyhad400,000lossduetoheavyreinvestmentinmarketingandproductexpansion.Additionally,thecompanyhad2.5 million worth of inventory, which raised concerns about overextension.

While most sharks bowed out, citing the company’s risky growth strategy, Kevin O’Leary (Mr. Wonderful) made an offer. He proposed 600,000fora7600,000fora72.25 royalty fee until he recouped $3 million. However, the Ahmad brothers declined the deal, believing that the royalty structure would hinder the brand’s long-term growth.


Coldest After Shark Tank: Lessons Learned and Strategic Shifts

Rejecting Kevin O’Leary’s offer might have seemed like a risky move, but the Ahmad brothers stood by their decision. On their website, they explained that a royalty deal would have been a “quick fix” solution, potentially harming the brand’s future. Instead, they chose to focus on sustainable growth and profitability.

The Shark Tank appearance brought significant attention to Coldest. During the episode’s airing on February 23, 2024, over 8,000 live shoppers visited the company’s website. Taking the sharks’ feedback to heart, Coldest streamlined its operations by reducing its product categories and focusing on its core offering: premium insulated water bottles. The company also held a 30% closeout sale on non-core items like bedding, dog beds, and ice packs to clear slow-moving inventory.

In late 2023, Coldest relocated to a larger warehouse facility in Fort Myers, Florida, and even opened its first retail store in Naples. These strategic moves helped the company achieve greater profitability and operational efficiency.


Is Coldest Still in Business?

Yes, Coldest is still thriving. The brand continues to focus on its flagship water bottles, which are available in a wide range of colors, patterns, and styles. Prices range from 19.99to19.99to55.99, with most products falling in the 30−30−40 range. Coldest’s bottles consistently receive near-perfect ratings on Amazon, with thousands of satisfied customers praising their durability and performance.

The company also offers an app, available on iOS and Google Play, where customers can access exclusive discounts and product updates. While the 30% closeout sale on non-core items is still ongoing, Coldest remains committed to delivering high-quality products that align with its brand identity.


What’s Next for Coldest?

Coldest has big plans for the future. While the brand is scaling back on product expansion, it’s not slowing down when it comes to innovation. One of the most ambitious projects in the works is Coldest World, a theme park designed to immerse visitors in the brand’s icy, adventurous ethos. Set to open by 2030, the park will feature an icy theme and interactive experiences that showcase Coldest’s products in a unique and engaging way.

In addition to the theme park, Coldest is exploring new retail opportunities and expanding its presence in the insulated drinkware market. The Ahmad brothers’ ability to adapt and evolve their strategy demonstrates their commitment to long-term success.


Why Coldest Stands Out in a Crowded Market

Coldest’s journey is a testament to the power of resilience, strategic thinking, and staying true to your vision. While the Shark Tank experience highlighted some operational challenges, it also provided valuable insights that helped the company grow stronger. By focusing on its core products, streamlining operations, and planning innovative projects like Coldest World, the brand is poised to remain a leader in the insulated drinkware industry.

For consumers, Coldest offers more than just a water bottle—it’s a lifestyle brand that prioritizes quality, innovation, and adventure. Whether you’re an outdoor enthusiast, a fitness fanatic, or simply someone who appreciates a well-designed product, Coldest has something to offer.


Final Thoughts

Coldest’s story is a reminder that success isn’t just about numbers—it’s about vision, adaptability, and the willingness to learn from challenges. By staying true to their mission and making strategic decisions, Joe and Dave Ahmad have built a brand that continues to thrive in a competitive market. As Coldest looks to the future, one thing is clear: this brand is far from cooling down.

Explore Coldest’s premium products today and join the movement that’s redefining the way we stay hydrated. Whether you’re sipping from their iconic water bottles or dreaming of a visit to Coldest World, this brand is all about embracing the coldest, boldest, and most adventurous version of life.

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Nintendo is officially moving into a new era. In its just-posted financial results briefing, the gaming giant confirmed that it’s shifting its main development efforts to the Nintendo Switch 2, a decisive move away from the original 2017 Switch that rebooted the company’s fortunes.

“Going forward, we will shift our primary development focus to Nintendo Switch 2 and expand our business around this new platform,” Nintendo said during its briefing.

The announcement effectively signals that the Nintendo Switch’s eight-year reign is beginning to wind down, even if the company isn’t ready to retire the console completely just yet.

Switch Still in Stores, But Support Will Gradually Fade

Nintendo pointed out that it would also continue to sell the original Switch hardware for the foreseeable future, adjusting its production and marketing strategy “in line with consumer demand and business conditions.” But the writing is on the wall: as developers shift their focus, new releases for the older system will inevitably slow.

The company sought to reassure fans that various major titles were still planned for the Switch, with launches from October onwards: these may include final first-party releases or updates to existing franchises aimed at keeping the system’s large player base engaged as the next generation gains momentum.

Sell Switch 2 Off to a Strong Start

Off to an amazing start despite still having a few months into its lifecycle, the Nintendo Switch 2 has already sold over 10.36 million units worldwide since its launch back in June, according to data from Nintendo.

Notably, 84 percent of buyers were existing Switch owners — a clear sign that the new console is attracting loyal fans upgrading to the next generation rather than drawing in entirely new users. While that number still represents a fraction of the original Switch’s staggering 154 million lifetime sales, the company says it’s observing a “uniform migration” toward the newer platform.

This is in line with what has been happening in all major console transitions: early adoption is driven by the existing user base before the wider audience starts buying.

The Legacy of the Nintendo Switch

When the Nintendo Switch launched in March 2017, it marked a revolutionary hybrid console that combined handheld portability with the more traditional style of home gaming. It quickly became one of Nintendo’s most successful systems to date, revitalizing the company from underperforming sales of the Wii U and an era-defining lineup of games that included The Legend of Zelda: Breath of the Wild, Super Mario Odyssey, and Animal Crossing: New Horizons.

The versatility and affordability of the system helped it capture an immense audience worldwide, crossing over 154 million units in lifetime sales, making it the third-best-selling console in history after the PlayStation 2 and Nintendo DS.

What’s Next for the Switch 2

While Nintendo has not talked about all the technical details of Switch 2, reports and leaks indicate that it has a more powerful chipset, faster loading times, and increased graphical capabilities-all of which would draw Nintendo closer to the level of visual fidelity shown in their competitors, the PlayStation 5 and Xbox Series X.

This generational shift is pivotal for Nintendo-a balance between paying homage to a record-breaking legacy and forging ahead with innovation. While the company has managed transitions quite well in the past, with the original Switch still performing well in markets such as Japan and Europe, Nintendo faces the challenge of gradually sunsetting one of its most beloved consoles without alienating its vast player community. The message, as the Switch 2 gains even more momentum, is clear: the future of Nintendo is already here — and it’s building on the base of one of the most successful consoles ever made.

There are also rumors that the backward compatibility will be improved, allowing existing Switch owners to carry forward their digital libraries. With a larger OLED display combined with an enhanced Joy-Con design, the new console seems set to deliver performance and comfort upgrades in equal measure.

Analysts anticipate the Switch 2 will be the leader of the 2025 gaming cycle, especially with expected first-party games such as Metroid Prime 4, The Legend of Zelda sequel projects, and maybe new Mario entries already in development for the console.

A few years ago, the idea that Halo — the game that is synonymous with Xbox’s brand name — would be making a move to a PlayStation console would have been something akin to a parallel universe. But in 2025, that extremely unlikely truth is playing itself out. What was the pinnacle of the exclusivity of Xbox is now the most glaring sign that Microsoft’s gaming division is undergoing a ginormous transformation — one driven by survival, strategy, and the changing nature of the gaming industry.

From Locked Walls to Open Doors

Xbox’s previously locked-down environment is collapsing quickly. The company has been systematically knocking down its walls of exclusivity, inviting its biggest franchises into competition. What once was an experiment with smaller titles like Grounded and Pentiment on Nintendo Switch and Hi-Fi Rush and Sea of Thieves on PlayStation 5 has turned into a risky, multi-platform gamble.

Now, Microsoft’s biggest franchises — Indiana Jones and The Great Circle, Senua’s Saga: Hellblade II, Gears of War, and soon Halo — are not just “Xbox games.” They’re trans platform, cross-device gaming experiences.

It’s not really a software change but a change on what Xbox is in 2025. As Xbox executive Sarah Bond told Mashable, “The biggest games in the world are available everywhere. The idea of locking games to one store or one device is antiquated for most people.”

And she’s right — accessibility is the way to success. Sony’s report of May sales shows that Xbox-published titles like Indiana Jones, The Elder Scrolls V: Oblivion Remastered, and Forza Horizon 5 topped the highest downloads on PlayStation 5. Even Microsoft-owned games like Call of Duty: Black Ops 6 and Minecraft top charts across platforms.

The Business Behind the Shift

The transition away from Xbox consoles is not philosophical — it’s practical. Xbox hasn’t been able to compete with PlayStation and Nintendo in console hardware sales. Subscription growth of Xbox Game Pass has crested, and the formerly bright hope of “Netflix for games” is vanishing in the face of saturation and rising cost.

Even as it is, American tariff policies are driving console costs higher, turning the earlier trend of hardware getting cheaper by the day on its head. In an era where customers are prioritizing utility over entertainment indulgences, Microsoft’s Play Anywhere and Cloud Gaming initiatives become lifelines — allowing players to experience games on devices they already own.

“We’re trying to meet people where they are,” said Matt Booty, president of Xbox Game Content and Studios, in a New York Times interview. That means making Xbox more than a console — it’s a brand that spans PCs, TVs, mobile devices, and rival systems.

But comfort for die-hards is that Xbox isn’t abandoning hardware altogether. Bond suggested that the next-gen console will be “a very premium, high-end curated experience.” As Microsoft launched its pricey ROG Ally handhelds, it’s clear that the company remains committed to keeping one foot firmly in the high-end gaming market.

Trouble Beneath the Surface

But beneath this high-flying reorganization, Xbox is in turmoil. The company has shut down a number of studios, including Arkane Austin and Tango Gameworks — the former being the developer of fan favorite Hi-Fi Rush. High-profile titles like Perfect Dark and Everwild have been quietly canceled, and Fable’s much-hyped reboot has been delayed until 2026.

Even Halo Infinite, the one that was meant to reignite the franchise, failed critically and commercially. And so, now that the original Halo franchise is being released on PlayStation in an enhanced form, the fans cannot help but wonder: is this an expansion or a white flag?

Simultaneously, The Elder Scrolls VI persists in development purgatory six years after it was first revealed, and Fallout — with renewed hype due to Amazon’s hit TV show adaptation — has not seen a significant new game release in years. Todd Howard’s promise that Fallout 5 is “eventually coming” fails to assuage the skepticism.

Internal Strains and Image Problems

A recent Bloomberg article discovered that Microsoft set its gaming division a disputed 30% profit margin target, leading to unpopular actions such as increasing Game Pass prices and shutting down various studios.

The company’s new ROG Ally handhelds, priced at $600 to $1,000, have also been panned as too pricey and half-baked. Ironically enough, during a company town hall meeting, Booty highlighted “smaller, prestige games that win awards” — the day after shutting down the studio responsible for one of the handful of games that fit that description.

Microsoft has also been criticized for its global reputation. The firm was targeted by the BDS movement for alleged ties to Israeli defense practices and was confronted by worker demonstrations over its AI transactions with the Israeli regime. Perhaps most recently, Xbox’s Halo franchise found itself embroiled in scandal when the U.S. Department of Homeland Security used its imagery in a highly criticized ICE recruitment ad — an ad that Microsoft declined to comment on.

The Future of Xbox: Platform Over Console

Despite all the madness, Halo’s PlayStation debut isn’t the death of Xbox — it’s a redefinition of what Xbox is in 2025. Old-school “console war” among Sony, Nintendo, and Microsoft is over. The real war now is in time and attention — with platforms like TikTok, Fortnite, Roblox, and YouTube battling for large slices of gamers’ free time.

Microsoft’s new strategy welcomes that reality: to survive, Xbox must succeed everywhere. And that means embracing its competitors instead of fighting them.

So yes, seeing Master Chief — the iconic mascot of Xbox — on a PlayStation screen is surreal. But it is also representative of an industry evolving beyond old boundaries.

As the new chapter in gaming is written, Microsoft’s agility can be its salvation. Xbox will not perhaps capture the hardware war, but in the battle for the attention of gamers, it is positioning itself to stay in the game for many a long year to come.

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