Shark Tank US | Robert Tries His Luck At A Royalty Deal With Chill-N-Reel
Chris Diede, Jake Rutledge and Chase Terrell are seeking $300k for a 10% stake in their company Chill-N-Reel.
From Season 13 Episode 23
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Shark Tank US | Robert Tries His Luck At A Royalty Deal With Chill-N-Reel
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Пікірлер: 561
Crazy how many people are upset at us for selling something simple & fun to use at the water 🥴 Relax y’all, we’re just a small family business tryin to make a living and actually have fun doing it 😅
@Chilliak10
Жыл бұрын
I thought it was hilarious. I could totally see me and my dad each using one of these on vacation. So fun
@CarlmeisterWasTaken
Жыл бұрын
I honestly like the product! Great when you don't want to be that guy that brings a rod everywhere they go. Just good fun :)
@supertacoelite5062
Жыл бұрын
It's a great fun gift, but I'm not sure it's a business. Although your sales prove me wrong
@Jesper83
Жыл бұрын
It's a lot cheaper than a rod and reel.
@shauryaaggarwal8141
Жыл бұрын
dont listen to your 5% haters
I love how mark tells them "they can counter" but for the majority of his deals he tells them its "yes or no right now"
@kevinfurtado4776
Жыл бұрын
When he says it's a yes or no right now, he's saying that he doesn't want them to entertain any other offers from the other sharks, he never said they couldn't counter his offer. Pay attention before you put out fake information.
@mudkipfan2420
Жыл бұрын
Rich people stuff
@heavensentssmokingchannel9847
Жыл бұрын
@@kevinfurtado4776 facts
@thebigbiwolf6048
Жыл бұрын
Bro you ok? Lol
@wrdswpns1139
Жыл бұрын
cuz hes trying to derail the deal
Robert really does have sharky moments. He lures you in with his fun personality, and then lulls you a bit with his backstory until CHOMP 'I want 35%' bahaha
@spaceshido6124
Жыл бұрын
I would do the same or go for 50% this is a small business
@ammaguy3166
Жыл бұрын
Robert just makes up offers. He looks at his notebook as if he’s thinking then just comes up with a percentage on fly like he’s guessing. Where’s as other sharks do some calculations and put thought into their offers especially Kevin. I really think Robert brings nothing to the table and is the least intelligent of the group. Perhaps he’s a 1 hit wonder with his security business.
@kolbymiller9977
Жыл бұрын
@@ammaguy3166 I agree!
@s_ame1135
Жыл бұрын
@@ammaguy3166 yup. Same with Barbara tbh
@CraftyMiscreant
Жыл бұрын
I'm surprised that they don't take the 35 percent but with conditions. Like mentorship or training on how to be a good investor. You can still sack away tons of cash and invest in new IPOs or something of that nature. I'd offer 35 percent, but I want something I can take away that will last the rest of my life. Like, what does his portfolio look like and get training on how to build and manage one. Take like 5 hours of this guy's time a week and learn from him.
Kevin gets the bad fame of being "greedy" for his various kinds of offers, but honestly it is always Robert the one that really looks for the worst offer possible whenever he has leverage
@davido4408
Жыл бұрын
I noticed that about Robert too
@saraeissa4954
Жыл бұрын
And Robert has so much ego and gets so emotional and takes things personally when an entrepreneur doesn’t want to go with him (and I mean it’s more severe than any other sharks reaction)
@God_is_good_
9 ай бұрын
Jesus loves you!
@MrLucky9931
6 ай бұрын
Nah, it’s usually Lori who offers the worst deals. Using TVC and her kindness as excuses to do so.
@npip99
5 ай бұрын
A $1 Million dollar valuation for a one-time purchase novelty item that's losing money already seems too high, Robert was generous and was probably going to lose money.
The company is still in business. Chill-N-Reel net worth is estimated at around 1.4 million for 2022. This business manufactures drink insulators, so beverages do not need to be kept down while fishing. This private company currently employs more than five people and is slowly expanding. The company’s founder Jake and his unique idea have also been highlighted in a few news publications.
@derekgardner1861
Жыл бұрын
You're clearly in the business or associated with them through friends or family
@Britni3125
Жыл бұрын
@@derekgardner1861 what? Looks like op just copy and pasted something from the Google to give people an update 🤷♀️
@dragonxev1144
Жыл бұрын
@@derekgardner1861 this dude comments updates about plenty of shark tank deals lol
@PowerFromAbove
9 ай бұрын
Five people, wow holy smokes 😂😂I 😂
@wantupaizr9009
9 ай бұрын
@@derekgardner1861 nope im just copy paste😂
Why do they keep calling it a piece of crap? It is a product and it has customers.
@El_WIZZA_
Ай бұрын
I'm pretty sure its a strategy to get those coming on to doubt themselves, so that the sharks can get a favorable deal. That, or they genuinely didn't see much in the product.
@lionart5230
Ай бұрын
Because it doesn't provide any real value, lets be honest.
@rulerares84
27 күн бұрын
@@lionart5230living in fl which is where they are from, I see how lots of value could sell. Just depends where your from. Here we fish more than just inlets and ocean. Sometimes small bayous with lil bs fish too
@keyquestions
20 күн бұрын
It is, but it's also a fun way to live as entrepreneurs. Good for them!
The sharks using the "Chevaliers du Tastevin" each time before they drink is gold
@FANOFWAR34
Жыл бұрын
probably the longest running inside joke between the sharks. first time it was talked about was the guy who had the drill shoe cleaner
@stanleypressley2197
Жыл бұрын
what is that?
@FANOFWAR34
Жыл бұрын
@@stanleypressley2197 “secret” society of wine drinkers. interesting stuff, worth a google search
i have always believed that barbara always gets heat, but daymond rarely invests too.
@jamerstime
Жыл бұрын
It’s mostly Barbara’s reasons. She makes outlandish excuses as to why she’s out
@saraeissa4954
Жыл бұрын
@@jamerstime Tbh i admire her honesty and reasons lol its quite entertaining
@thedude5599
Жыл бұрын
damons has tried many time sbut the sellers always choose another shark
@niaholder9168
Жыл бұрын
That’s cute idea
@herogebrial
Жыл бұрын
They always avoid day monk's investments
Love how Kevin’s the one that brought this creativity to the tank, now all the sharks are having a go at the ROYALTY Fiesta 🤣
Robert always wants to buy into fun experiences 😂
@godsstrength7129
Жыл бұрын
Ikr he’s like a goofy dad. 😂
@dismalthoughts
Жыл бұрын
@@godsstrength7129 He *is* a goofy dad 😛
@iwishiwasthomasshelby
Жыл бұрын
Yeah but this time he almost bought into a garbage product
@ProjectColr
Жыл бұрын
Nah he was waiting for everyone to decline before he offered, trust me he wouldn't have, why do u think he offered 35% when they were asking for 10%
@TopGHippie
7 ай бұрын
@@iwishiwasthomasshelbyThe sales are good though
Daymond doesn't get enough deals as it is and now when stuff comes in that's in his wheelhouse, being a fisherman, he still turns it down? Maybe Barbara has infected that chair.
@zachbaseball1107
Жыл бұрын
IMO Daymond is the best shark on the show. He has plenty of good cash flow already. He seems to be the smartest when picking what companies to invest in.
@davida8145
Жыл бұрын
@@zachbaseball1107 Lori gets that honor. Daymond is close behind tho
@adingdingdiiing6740
Жыл бұрын
Daymond has the most successful Shark Tank business among all of them. Bombas. But Lori has the most in the top 10.
@EGarrett01
Жыл бұрын
@@davida8145 Yeah, I don't know Daymond's results but Lori knows her business better than Mark Cuban knows his. Most of Mark's money came from selling a website to Yahoo that went bust a few months afterward. His actual opinions on a lot of new technology are asinine in some cases. Lori continually gets hits with domestic and beauty products.
@ihkeseteeietos5722
Жыл бұрын
There’s a lot of meme for Barbara but I personally think Daymond is also out all the time and even more than Barbara.
We were in Florida walking with our kids and ran into these guys. My kids love fishing, we obviously didn't bring fishing rods, so we brought 5 of them. Great novelty for the day, we fished for a couple hours off the pier, really fun impulse buy for shore line fishing.
@iwishiwasthomasshelby
Жыл бұрын
It sounds like you just added three GREAT contributors to society smh. Can dumb people just stop reproducing?!!! Bring Darwin back!
@zeus-yz6gs
Жыл бұрын
@@iwishiwasthomasshelby no wonder you are homeless :')
@iwishiwasthomasshelby
Жыл бұрын
@@zeus-yz6gs you are evil
@zeus-yz6gs
Жыл бұрын
@@iwishiwasthomasshelby not even close enough, compared to you :C
@neo-filthyfrank1347
4 ай бұрын
did you catch anything? obviously not
The fact that they even got an offer surprised me 💀
@onfireclips
Жыл бұрын
Yeah what a silly idea 💡 😜 🤪 that's why one should never innovate while drinking
@tejask4889
Жыл бұрын
Sales my friend!
@AGILISFPV
Жыл бұрын
Did you not hear the sales?
@onfireclips
Жыл бұрын
Net margins are low
@sf6695
Жыл бұрын
@@onfireclips no bad margin for a new company, it’ll go up if they do the right things
I've bought 5 of these! Awesome product, great simple fun. Thanks guys!
@lionart5230
Ай бұрын
Good for you bud. Happy you are having a good time
They called it crap! ( so unprofessional) It's a really good idea. Genius!
@keyquestions
20 күн бұрын
Everyone was laughing it up, even the owners, just a fun time. Not everything should always be dead serious 😉
If they added a little bait pouch it would sell even more. Bait and line on your beverage sounds pretty fun
And just like that, they just cut their marketing cost this year. That $350k in inventory was not on a whim.
If it was $60+ retail, it would be a failure. It's fairly stupid and fairly useless, but it's so affordable and serves 2 purposes, a drink holder and a backup/emergency reel or even as a "gag gift", so it is an easy sell.
@keyquestions
20 күн бұрын
Well said ❤
During the origin story, homie on the left was just like “man just ripped my story”.
I think it's a great idea. Low-key, doesn't get in your way, and adds a fun feature
Lol my husband just mentioned this and so I had to see for myself. I love to fish and sometimes a reel and tackle is just too much to bring. I’m a simple woman and I’m loving this! We do lots of river, ocean, and lake trips and the less I have to pack the better! I’m buying three on Amazon right after I’m done typing this and I’ll be back during Christmas for more because I know so many guys in my family and other female and male friends who would absolutely love this! And yes… fun sells. We will definitely be chillin’and reelin’ soon! You guys rock!
@AnimeCritical
5 ай бұрын
Are these items single use? Or you keep filling the drink section after every use?
Well at least they made sure inventory was stocked before coming on the show.
Hard to find info on their 2022 numbers but from what I can tell, they are doing really well post-Shark tank. And they have just gotten themselves into Walmart.
my main, and only issue with the product is having to use the line to reel it in. If they put an actual reel or something resembling one, i'd be all over this product in no time
@mattblumenberg6353
Жыл бұрын
FOR REAL. why not actually build this the way it's supposed to be? There are so many better ways you could do the exact same thing. I was wondering why I couldn't see how this works, but there's nothing there.
Hey, chill and real I met one of you guys at the Missouri state fair and I remember when you guys told me that you guys are gonna be in shark tank the next day I just now watched it you guys did an awesome job
@Call_Duty627
Жыл бұрын
You also sold me and my dad one of the😅😅
Mark is top G His enthusiasm 💚
"License on the technology..." TECHNOLOGY lol 😂. But good for them that they're having fun with it
"if it isn't broken don't fix it"
How many times has Robert said, "my first royalty deal" 🤨
@supertacoelite5062
Жыл бұрын
Never?
@plinsf
Жыл бұрын
At least twice.
People do realize just because you might have a bunch of patents huge companies will still rip you off because they know small companies don't have the money to fight them and this has happened time and time again
@videowhat614
7 ай бұрын
It’s more because Chinese companies will rip them off, and there’s nothing anyone can do. It’s not the US based big companies that will.
Robert turned on the sensitive switch quick. 😂 35%?? Damn sir!
Wooo! Reel 'em in cold! 🐟🍺🤙
@God_0f_Death
Жыл бұрын
If you guys had added an actual reel or something resembling one, I'd be all over this product in no time.
@ChillNReel
Жыл бұрын
@@God_0f_Death Thanks for the comment! We do get that question from time to time, and it's still something we will work on, but in previous prototypes it hasn't done well because there is no pole to hold the line and keep it from breaking when a fish swims from side to side, plus it shakes the drink quite a bit. Not to mention that a spinning reel mechanism ends up making it tough to keep the Chill-N-Reel under $20. So we kept the hand-line reel, which people really love!
@EvanBreitbeck
Жыл бұрын
Respect to you guys for sticking to your guns, 35% or $2 royalty in perp. is absurd
@brandonyo5718
Жыл бұрын
@@ChillNReel it’s hard to keep it under $20 with a reel? What about keeping it under $10 for it not having a reel just a string? You know since u make them for $2 lol I can imagine what price it would cost you to make after adding a reel what $5
I seriously doubt this deal would have closed if they accepted an offer from anyone.
Barb: this product is too outdoorsy, and i’m always out, so i’m out.
@warriormanmaxx8991
Жыл бұрын
@Ali Peer - Above Barbara joke is NOT funny !!
@alipeer8733
Жыл бұрын
@@warriormanmaxx8991 so you’re out? thanks
Love robert's response
Missing Barbara in this episode and her 'I'm OUT' and then 'I was never OUT, I'll give you an offer' comment.
That's the example of product-market fit🔥
3:13 wrapped it around with WHAT 😳
I’ve just ordered one after seeing this video..i’m not a fisherman at all but this will bring me a lot of laughs ..great novelty product and i think that could be an option for you,to find a company that sells novelty goods and license it to them..this is the sort of thing I reckon would fly off the shelves at christmas if distributed properly
Perfect for kayaking on the river with friends. Midwesterns, iykyk 👋🏼👍🏼
They came here for the publicity, good for them on sticking to their guns.
@supertacoelite5062
Жыл бұрын
They didn't even get a real offer how can you say that
Good decision by them . Robert should have negotiated in royalty
This is the definition for « buisness is boomin’ »
I just bought one lol my dad loves fish in and I think he’d like it
Rob is crazy asking for that much lmao slap to the face
Lori: where's the rod!? Me you sure you wanna see it 😂
Thus was a great pitch
These guys can increase their margins easily by simply adding 25% to the top line price
I met the dad and the son, these guys are awesome
I wanted one the moment I saw it. Genius idea
These guys are absolute beauties, hope the product and them are doing well
Mark is such a troll 😂😂😂
I could see this in Spencer's Gifts shops.
Damon's reaction was funny
It is obviously a niche/novelty product, but I hope they make some decent money on it. It is sort of awesome.
Lori: I love what you've done. I'm out. Sounds like Barbara.
This is definitely something im going to buy. Sell these in the Carribbean and other coastal countries
It rlly bothers me how they keep putting the results in the title
Honestly i wasnt sure if i was gonna buy one but i will after watching this
A kayakers best friend I love it I told my wife I want 2 of them for Christmas and then told my daughter the same thing so I'll have 4 of them for kayaking next year.
That's what she said: "Where's the rod.?" "That's the rod.?"
@ChillNReel
Жыл бұрын
Respect the humor 😂
I’m glad they didn’t accept the offer. I thought they would when they mentioned sales.
Glad they showed them up! Keep on reeling! 😊
I bought this product and love my chillnreel!
Atleast by them being on the show they got the exposure they need to gain costumers 😂😎 I am going to buy one myself 💪🏼
middle guy looks like tommy lee jones.great product they have thinked of,really smart
This is one of the only products i bought from shark tank i love it
Set up a booth in Pensacola close to the beach and they'll be millionaire's in no time lol
@kevinchristian7743
Жыл бұрын
They did this in Destin last summer, we bought 5 of them and just started fishing off the pier. They were selling a ton!
Robert’s royalty deal was cute
Love these guys ❤
@ChillNReel
Жыл бұрын
Love ya back 🍻🐟🤟
I mean 1500+ reviews on amazon at $17,95
They asked for too much valuation. That product will sell for life. The global fishing industry is huge. The licensing opportunity with brands would be huge. Its a novelty gift at a no brainer pricepoint that will trigger impulse buys. Hell I would by it time and time again just to gift it. They need to team up with a big brand fishing product and sell a package. Maybe a bait brand and you get a lure when you buy the product.
Grab you're slack and tip it back..lol luv it I'm sold
these guys are so fun
This is a joke gift. I think this is the proof that these guys are on the water to drink not actually fish but they can truthfully tell their SO they’re fishing.
@ZovaBe
Жыл бұрын
Gag gift*
Kevin is soo funny 😂😂
Lorie is so giggly lol
They would be good for kids who drink canned beverages no alcohol of course. It would save so much hassle with the rods kids use. My daughter breaks hers all the time
For under $15 it definitely has mass appeal for the casual fisherman. Anyone can sit on the dock or boat and try to catch small fish. Hell kids can have a coke can and fish beside dad.
Robert is a decent guy they should have taken deal
Worth over $5 Million today! Awesome guys.
*Jake founded Chill-N-Reel with an innovative idea: drink insulators to keep beverages cool while fishing. The company is still in business and its net worth is estimated at 1.4 million for 2022.*
The “ouuuuuuuuuu😮”
I would add a handle for finger support and a small reel. Other than that. I'm glad they didn't take the deal
Definitely Delivarnce extras.
@wintercame
8 ай бұрын
😆😆
You can use it for soda and water too. I thought it's a cute product. Hey if it's not for you, don't buy it and don't rant.
get it into the PPAI or ASI promotional space and brace yourselves!
They need to put a reel on that thing!!!
two "ay chihuahua caramba"s in one episode? sign me up
That was fun 😊
Chill-N-Reel net worth is estimated at around 1.4 million for 2022
Clever product that would sell in Australia licensed to VB … job done
i wasn't watching when he said " this is my son and bother in law" and had to rewind.
Bought 2 ! Fun gift 🎁 thank you
This is the type of bs gimmicks that people use once after buying then throw it in the garage drawer for eternity.
Thought about one you can clip on a surf rod rebar/pipe holder
Im getting one! Great for little camping trips
John cena somewhere looking at them & saying - Zǎo shang hǎo zhōng guó! Xiàn zài wǒ yǒu "BING CHILLING!!!"
They have $350,000 of inventory in their wearhouse THAT'S whtly their in the tank
I wanted to know what's their future plan..