Liddup Shark Tank

Liddup Shark Tank – Founder, Net Worth, and Investment

Liddup is a cooler company that appeared on Shark Tank in 2013. The founders, Jayson Sandberg and Taylor Gwizadon, pitched their product, a cooler with integrated LED lighting, on season 4 episode 21 of the show. They were seeking a $100,000 investment in exchange for a 10% stake in their company, valuing it at $1 million. The Sharks were initially skeptical of the valuation but became interested when they learned about the three patents that Liddup held. Kevin O’Leary ultimately made a deal with the founders, offering $100,000 for 33% of the licensing revenue. This partnership led to a collaboration with cooler manufacturer Igloo, but Liddup went out of business in 2018. The current net worth of Liddup and its founders is unknown as of 2023.

Key Takeaways:

  • Liddup appeared on Shark Tank in 2013 seeking a $100,000 investment for their cooler with integrated LED lighting.
  • The founders, Jayson Sandberg and Taylor Gwizadon, secured a deal with Kevin O’Leary for 33% of the licensing revenue.
  • Liddup collaborated with cooler manufacturer Igloo but went out of business in 2018.
  • The current net worth of Liddup and its founders is unknown as of 2023.

Liddup Shark Tank

What is Liddup and Who are the Founders?

Liddup is a cooler that features integrated LED lighting on the inside, making it easy to locate drinks or snacks in the dark. The founders of Liddup are Jayson Sandberg and Taylor Gwizadon. Jayson came up with the idea for Liddup while on a camping trip, struggling to find a drink in the dark. He enlisted the help of Taylor, and together they made significant improvements to an existing cooler design. They secured patents to protect their idea, ensuring that the LED lights did not reduce the space or raise the temperature of the cooler. Jayson handles the marketing for Liddup, while Taylor serves as the CEO.

With their expertise and innovation, Jayson Sandberg and Taylor Gwizadon brought the concept of Liddup cooler to life, revolutionizing the way people enjoy outdoor activities and events. The integration of LED lighting into the cooler interior enhances convenience and accessibility in low-light settings, eliminating the need to rummage through the cooler blindly. By solving a common problem faced by campers, beachgoers, and outdoor enthusiasts, Jayson and Taylor’s creation gained recognition and popularity.

The Liddup cooler showcases their commitment to quality and user experience, as they ensured that the LED lights did not compromise the storage capacity or alter the temperature of the cooler. Through their innovative design, they struck the perfect balance between functionality and convenience.

“We wanted to create a cooler that not only keeps your drinks cold but also makes it easy to find them, even in the dark. Liddup cooler is the perfect solution for outdoor adventures, parties, and gatherings,” says Jayson Sandberg, the co-founder and marketing expert of Liddup.

As the CEO of Liddup, Taylor Gwizadon played a crucial role in driving the company’s vision forward. With his leadership, Liddup gained recognition for its unique cooler design and secured strategic partnerships in the industry.

Liddup on Shark Tank

In 2013, Liddup had an opportunity to showcase its innovative cooler with LED lighting on season 4, episode 21 of Shark Tank. The founders of Liddup pitched their product to the Sharks, seeking a $100,000 investment.

The Liddup pitch on Shark Tank emphasized the convenience of their cooler in low-light scenarios. By integrating LED lighting, Liddup solved the problem of struggling to find drinks or snacks in the dark. The founders also highlighted the three patents they held, which protected their unique design.

The Sharks, initially skeptical of the $1 million valuation without any sales to back it up, became more interested when they learned about Liddup’s patents. Ultimately, Kevin O’Leary made a deal with the founders, investing $100,000 for 33% of the licensing revenue.

“I was skeptical about the valuation at $1 million, but when I saw those patents, I couldn’t pass up this opportunity. I believe in the potential of Liddup’s technology,” said Kevin O’Leary during the episode.

The partnership with cooler manufacturer Igloo was established as a result of Liddup’s appearance on Shark Tank. This collaboration allowed Liddup to leverage Igloo’s manufacturing capabilities to bring their innovative product to market.

Episode Number Shark Tank Season Shark Tank Episode
21 4 Season 4 Episode 21

Liddup on Shark Tank

Liddup’s appearance on Shark Tank was an important milestone for the company, providing exposure and the opportunity to secure a significant investment and partnership. It showcased the potential of Liddup’s cooler with LED lighting and introduced their innovative product to a wide audience.

Liddup Features and Updates

Liddup coolers are known for their impressive features and innovative design. The standout feature of Liddup coolers is the integrated LED lighting system, which allows users to easily locate their drinks or snacks, even in low-light conditions. The energy-efficient LED lights provide bright illumination without generating heat, ensuring that the cooler’s contents remain at the perfect temperature.

In addition to the LED lighting, Liddup coolers offer a range of other useful features. These include:

  • Heavy-duty wheels for effortless transportation, making it easy to move the cooler from place to place.
  • A built-in bottle opener, eliminating the need to carry one separately and ensuring you’re always ready to enjoy your favorite beverage.
  • Durable construction to withstand rugged outdoor adventures, ensuring that the cooler can handle any terrain.
  • A convenient drain system for hassle-free removal of excess water, making cleanup a breeze.

These features combine to create a cooler that is not only practical and functional but also stylish and durable. Whether you’re camping, tailgating, or enjoying a day at the beach, a Liddup cooler is the perfect companion to keep your drinks cold and easily accessible.

Updates on Liddup Coolers

As of 2022, Liddup coolers are no longer available on the Orca Coolers website, and the official Liddup website has not been updated since 2019. This lack of updates raises questions about the current availability and status of Liddup coolers. It is unclear whether Liddup is still in business or if the product will be available in the future.

Features Updates
Integrated LED lighting system Liddup coolers allow for easy visibility of drinks and snacks, even in low-light conditions.
Heavy-duty wheels Easily transport the cooler wherever you go.
Built-in bottle opener Always have a bottle opener on hand.
Durable construction Designed to withstand rugged outdoor use.
Drain system Remove excess water with ease.

Liddup cooler features

Despite the lack of recent updates, the Liddup cooler’s innovative features and functionality make it a compelling choice for outdoor enthusiasts. Keep an eye out for any updates or announcements regarding the availability of Liddup coolers in the market.

Liddup Net Worth and Investment

Unfortunately, the net worth of Liddup is currently unknown. The company went out of business in 2018, which makes it difficult to determine its current value. As for the investment on Shark Tank, the founders of Liddup, Jayson Sandberg and Taylor Gwizadon, secured a deal with Kevin O’Leary for $100,000 in exchange for 33% of the licensing revenue.

However, the net worth of the founders themselves also remains unknown as of 2023. The financial status of Liddup and its founders after the closure of the company is not publicly available.

Liddup Shark Tank Pitch Summary

During their pitch on Shark Tank, the founders of Liddup showcased the convenience of their cooler with LED lighting, addressing the problem of locating drinks in low-light scenarios. They sought a $100,000 investment in exchange for a 10% stake in their company, valuing it at $1 million.

The Sharks initially questioned the valuation but became interested when they learned about the patents held by Liddup. Kevin O’Leary ultimately made a deal with the founders, investing $100,000 for 33% of the licensing revenue.

“We have developed a cooler that solves the age-old problem of finding drinks in the dark. Our integrated LED lighting system makes it easy for users to locate their beverages even in low-light conditions. With our patents and innovative design, we believe Liddup has the potential to revolutionize the cooler market.” – Founders of Liddup during their Shark Tank pitch

The partnership with Kevin O’Leary opened doors for Liddup, leading to collaborations with cooler manufacturers and the production of light-up coolers under the Liddup brand. The licensing agreement with Kevin O’Leary enabled the company to generate revenue from the integration of their unique LED lighting technology into existing cooler designs.

Liddup Shark Tank pitch

Overall, the Shark Tank pitch by Liddup showcased their innovative cooling solution and convinced Kevin O’Leary to make a significant investment. However, the long-term success of the company remains uncertain, as Liddup is no longer in business as of our latest available information.

Liddup Partnerships and Competition

After their appearance on Shark Tank, Liddup formed a strategic partnership with cooler manufacturer Igloo. This partnership led to the production and sale of a line of Liddup-branded light-up coolers.

They later entered a licensing agreement with another cooler manufacturer, Orca.

As for competition, there are no identified competitors for Liddup as of the available data.

Liddup partnerships and competition

Liddup Coolers’ Impact and Availability

The impact of Liddup coolers is evident in their innovative design and the convenience they provide for locating drinks or snacks in low-light conditions. With integrated LED lighting, Liddup coolers make it effortless to find what you need, even in the dark. Whether you’re camping, hosting a backyard party, or enjoying a night by the beach, Liddup coolers ensure you can easily spot your favorite beverages or snacks.

Liddup cooler impact

However, there have been recent concerns about the availability of Liddup coolers. As of November 2021, Liddup coolers are no longer listed on the Orca Coolers website. Additionally, the official Liddup website and social media channels have not been updated since 2019, leaving many uncertain about the current status of the brand and product.

“The Liddup website and social media platforms have not been updated since 2019.”

While the current availability of Liddup coolers remains unclear, their impact on the market is undeniable. The combination of LED lighting and a functional cooler design has made Liddup a popular choice for those seeking convenience and practicality in their outdoor adventures and gatherings.

Liddup Coolers Summary

Liddup Coolers is a renowned brand that offers innovative coolers designed with integrated LED lights. These lights ensure easy visibility of the cooler’s contents, even in low-light settings. Liddup Coolers gained widespread attention when it appeared on the popular television show Shark Tank in 2013.

During their appearance, founders Jayson Sandberg and Taylor Gwizadon successfully secured a deal with renowned Shark Tank investor Kevin O’Leary. The partnership focused on licensing revenue and opened doors for collaborations with well-known cooler manufacturers Igloo and Orca.

While Liddup Coolers delivered a unique and practical solution for outdoor enthusiasts, it is paramount to note that the company is no longer in business. Consequently, the current availability of Liddup Coolers in the market is uncertain. Similarly, the net worth of the brand and its founders remains unknown as of the latest information available.

FAQ

What is Liddup and who are the founders?

Liddup is a cooler company that features integrated LED lighting inside their coolers. The founders of Liddup are Jayson Sandberg and Taylor Gwizadon.

What happened when Liddup appeared on Shark Tank?

Liddup appeared on Shark Tank in 2013, pitching their cooler with LED lighting. They secured a deal with Kevin O’Leary for licensing revenue.

What are the features and updates of Liddup coolers?

Liddup coolers feature integrated LED lighting, heavy-duty wheels, a built-in bottle opener, durable construction, and a drain system. Updates on Liddup coolers indicate that their availability status is unclear.

What is the net worth and investment of Liddup?

The current net worth of Liddup and its founders is unknown. Liddup received a 0,000 investment from Kevin O’Leary for 33% of the licensing revenue.

What was the summary of Liddup’s pitch on Shark Tank?

Liddup showcased the convenience of their cooler with LED lighting, addressing the problem of locating drinks in low-light scenarios. They sought a 0,000 investment in exchange for a 10% stake.

What partnerships did Liddup form and who are their competitors?

Liddup formed partnerships with cooler manufacturers Igloo and Orca. As of available data, no competitors have been identified for Liddup.

What is the impact and availability of Liddup coolers?

Liddup coolers provide an innovative design and convenience in low-light settings. However, as of November 2021, the availability of Liddup coolers is uncertain.

Can you provide a summary of Liddup coolers?

Liddup coolers are a brand that offers coolers with integrated LED lights, providing easy visibility in low-light settings. The current availability and status of Liddup coolers are unknown.

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