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HydroMax Scores on Shark Tank




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Hydromax was presented by Chris Spencer on the Shark Tank and he was seeking $50,000 for 25% of his company (implied valuation: $200,000).  According to Spencer, 14 million kids play football in the US and they die every year due to lack of hydration on the football field.  Hydromax is a hydration system that mounts onto shoulder pads and is exclusively customized to work on shoulder pads.  Spencer invented the Hydromax during his time in college as an athlete.

It likes a Camelback water thermos that runner and hikers use.  The Hydromax costs $8.50 and sells for $49.99.  The Hydromax had sales of $100,000 in 2007 but left to join a corporate job because of family responsibilities after getting married.

Dennis O’Leary said the gadget needs to be licensed and not sold directly.  But opted out.  Although he added he’d love to save kids especially when he can profit from it.

Daymond John thought the valuation of $200k was exorbitant and also opted out.

Barbara Corcoran also opted out as she didn’t have the right contacts or the time to invest in this business.

Jeff Foxworthy and Robert Herjavec were left.  Herjavec said Spencer needs to find a way to sell it even if he has to keep a job.  He has to make sales calls.  He then opted out.

Foxworthy said it’s a great idea but he’s got to run the business.  He offered $50,000 for 50% of the company.  He thought it was a great way to help kids and that every concerned parent would buy this.  And that once one parent buys on a team, everyone would buy.

Hydromax took the deal.

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5 Responses to “HydroMax Scores on Shark Tank”

  1. layro_77 says:

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    I just seen the episode and I have 2 boys that play football and would like to know when and where this can be purchased. Congratulations and thank you!!

  2. Amy Blanford says:

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    I have to have the hydromax water pack right now! How do I get one fast. My son plays middle school football, it is 100 + daily in San Antonio. I know of many parents that would want on as well. My son played Pop Warner for years and this would have been eaten up by all the parents. Please tell me where to get one now. Thank you!

  3. William White says:

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    I know Chris Spencer and as a former high school and college football player, I can vouch for the effectiveness of a water camelbak for football players. It will prevent dehydration and possible save your child’s life.

    If you are truly interested in the Hydromax product, please send me an email at [email protected] and I will be sure to link you to Chris Spencer.

    Look forward to your email.

    Thanks

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