The Ice Cream Canteen Before Shark Tank
Created by Jordan Stern, the idea for The Ice Cream Canteen was born during a road trip in 2017, inspired by the functionality and convenience of a coffee thermos. After two years of rigorous research, development, and testing in various locations and conditions, The Ice Cream Canteen finally became a reality. The innovative vacuum-insulated container, designed to hold a pint of ice cream, gained significant attention and support, raising over $120,000 on Kickstarter.
How The Ice Cream Canteen Works
The Ice Cream Canteen’s vacuum-insulated design allows you to enjoy ice cream anywhere, keeping it frozen for hours. The container is compatible with any conventional paper pint shape, whether it is a 16oz or 14oz pint size. The canteen is an insulated koozie that keeps your hands warm while keeping your ice cream cold.
With a drop-in design, The Ice Cream Canteen is perfect for picnics, barbecues, beach trips, and more. When placed inside a regular cooler, it can keep your ice cream frozen for up to twice as long, offering up to 4 hours of insulation on its own or 8 hours when paired with a cooler.
The Ice Cream Canteen is equipped with a water-tight seal and an insulated cap to ensure the contents remain frozen and secure. The exterior features a powder coating and a no-slip grip, making it easy to handle and transport.
Not only does The Ice Cream Canteen work with pint containers, but it also keeps ice cream cold if you choose to scoop it directly into the canteen. This versatile design makes it the perfect companion for all your ice cream-loving adventures.
The Ice Cream Canteen offers a lifetime warranty, ensuring your purchase is protected and you can continue to enjoy your frozen treats worry-free.
For those looking to promote their brand, The Ice Cream Canteen offers custom printing options, partnering with local ice cream shops to create co-branded canteens tailored to their unique identity. Laser engraving, screen printing, and pad printing options are available, with wholesale pricing for larger orders.
The Ice Cream Canteen is not only a great product, but it also boasts a Climate Neutral Certification, as the company offsets all of its emissions and constantly works to reduce and refine its business practices, from suppliers to manufacturing and shipping.
The Ice Cream Canteen in the Shark Tank
|Company||The Ice Cream Canteen|
|Shark Tank Air Date||03/31/2023|
|Season||Season 14 Episode 18|
|Pitch||$100,000 for 5% equity|
|On-air Deal*||$100,000 for 20% equity & $100,000 line of credit|
|Sharks||Mark Cuban and Lori Greiner|
Jordan Stern went into the Shark Tank seeking an investment of $100,000 for 5% equity in his business. This put his proposed valuation for The Ice Cream Canteen at $2M, which the Shark felt was too high.
Kevin O’Leary made an offer of $100,000 for 30% equity, cutting Jordan’s valuation from $2M to around $333,000.
Mark Cuban and Lori Greiner made a proposal as a team with a slightly better valuation of $400,000, offering $100,000 for 25% equity in the company. To sweeten the deal Mark and Lori offered an additional $100,000 as a line of credit. After some negotiation, Jordan worked them down to 20% equity and accepted the offer.