Coolwraps

From Shark Tank Season 04 Episode 19

Coolwraps got an investment from Mark Cuban


Coolwraps

3 Reasons to Love Coolwraps

1. Shrink-wrap gift bags.

2. No scissors or tape needed - just a regular ol' hair dryer.

3. Comes in a ton of cool colors and patterns.

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Our Take

Considering the story behind Coolwraps, Jeffrey Miller is one lucky entrepreneur to have gotten a deal for his product. 

The short version is that the product has been around for a long time, was featured on QVC, changed ownership several times, then finally became 100% owned by Jeffrey.

Lori offered to buy the product outright from Jeffrey for $100,000. Mark then came in and offered $250,000(!!!!) for a 3% royalty, which Jeffrey accepted.

Update: the Coolwraps website currently says that the patent and trademark are currently available to buy, so it looks like Jeffrey's dream isn't happening for him right now. I'd love to find out the full behind-the-scenes story.


The Entrepreneurs Behind Coolwraps

Jeffrey Miller

Jeffrey Miller


Coolwraps Got an Investment From:


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