Where Is The Drip Drop From Shark Tank Today?
There's not much better than a few scoops of your favorite ice cream on a hot Summer day. While the sweet treat is typically a crowd-pleaser, it can be the center of one especially heated debate. Are you team cup or team cone?
According to a survey by YouGovAmerica of 6,551 Americans, 33% preferred a cup over a cone. For many people, the reasoning might lie in one important factor — how messy it is to eat ice cream out of a cone. While food engineers have tried to get creative to find a solution to the problem, inventing things like waffle cones to help curb spills, some ice cream consumers remain unconvinced that the mess is worth it. Still, others disagree, and two high schoolers from Colorado felt so passionate about this issue that they decided to invent a solution themselves.
After weeks spent in the kitchen, the duo eventually brought their idea to the sharks in season seven of "Shark Tank." So, why aren't we all enjoying an ice cream cone drip-free today?
Introducing The Drip Drop
According to ABC, two high school freshmen from Colorado, Oliver Greenwald and Sam Nassif, came up with a product that would make eating an ice cream cone a whole lot more enjoyable by getting rid of the mess. The product is an edible add-on for your ice cream cone that keeps it from melting all over your hand. This invention is called The Drip Drop. Made up of the same ingredients as a normal ice cream cone, the simple waffle ring was presented in different flavors from sugar to chocolate covered.
Greenwald and Nassif presented their idea to the sharks in season seven, episode 25 of "Shark Tank." Following their witty pitch, where the duo revealed a design patent they already had set in place for the product, Barbra Corcoran decided to invest. Corcoran pledged $50,000 to the budding entrepreneurs in exchange for 33% of the company, but only if the duo agreed to fix the design and quality of the product (per the episode). Now that was all the way back in 2016. Did the genius ice cream invention ever take off?
Another loss for team cone
Despite the ambition of these young entrepreneurs, The Drip Drop was not able to fully make it off the ground. Even after Barbra Corcoran's offer, the company struggled financially and even had to resort to fundraising from other sources. per The Drip Drop's Kickstarter. The duo had tried to pitch their product to ice cream manufacturers after the show but faced hardships since they didn't have any established sales. The loss in licensing meant the deal with Corcoran never closed, and while the duo had a manufacturing plan in place, and made improvements to the product design product in 2018 (per Twitter), they just didn't have enough money to make the dream happen.
The Drip Drop stopped posting on all of its social media accounts soon after the Kickstarter campaign ended in 2019, and Oliver Greenwald also left the company soon after, per Wharton Global Youth Program. While Sam Nassif continued with the company, nothing seems to have come of it. Still, being one of the youngest teams to appear on "Shark Tank" is no small feat, so we'd still consider this duo's endeavors a success.