The Shark Tank episode 206 features Chris Spencer’s Hydromax system and his efforts to convince the Sharks of its benefits.
The device has a tube that provides fluids to football players while they are on the pitch. It fits underneath the pads of the players.
As players have immediate access to water in hot weather, they are more vulnerable to dehydration.
Hydromax is Spencer’s full-time project, and he has patented it as well, but he hasn’t been able to leave his corporate position to devote all of his time to it.
If he can raise the money to create and promote Hydromax and get the product on the market, he believes that his invention will save many lives.
What will happen to Spencer’s dream if the Sharks take it away from him?
What Is Hydromax?
The HydroMax football hydration system is an easy-to-use solution to prevent dehydration for athletes.
The HydroMax System’s ability to hold 16 ounces of fluid on an individual’s back assures that they perform at their physical peak.
The water bag is connected to the bite valves by high-strength tubing, allowing athletes to rehydrate quickly.
The HydroMax system was originally designed for football, but you can also use it in other contact sports, such as lacrosse and soccer.
|Product||Hydration System For Athletes On The Field|
|Investment Asking For||$50,000 For 25% stake in Hydromax|
|Final Deal||$50,000 For 50% stake in Hydromax|
|Episode||Season 12 Episode 16|
|Business Status||In Business|
Who Is The Founder Of Hydromax?
HydroMax was invented by Chris Spencer, who played college baseball at San Francisco State University.
Spencer pursued his passion for invention the same year he graduated from college, earning a patent for the HydroMax System in 2004.
Spencer served HydroMax as its Executive Director from 2005 to 2011. Spencer worked as a Strategic Business Development Manager at Verizon from 2007 to 2013.
Spencer worked for AT&T for four years before joining T-Mobile as a Senior Business Account Executive.
Hydromax Before Shark Tank
Chris Spencer, of Houston, Texas, is the creator of Hydromax. Spencer was an avid football player growing up in Houston, Texas.
As a football player, he had a vision of this creation in his younger years.
Currently, 14 million people play football in the United States, the most popular sport in the country, and some of them are dying of dehydration on the field. This product is of particular importance to Chris.
Spencer discovered an easy cure to dehydration on the field during his undergraduate days.
It took him years to perfect his idea, and he finally succeeded in patenting it in 2007.
Hydromax can be attached to shoulder pads to provide hydration for athletes.
Those who play football and might get tackled on the field will benefit from the device’s impact-resistant cover that can hold hydration advice.
Spencer thought he had a winner on his hands after winning “Made in the USA” and the Space Alliance Technology Outreach Program Product of the Year award.
The Hydromax comes with a 16-ounce water pouch and a tube that extends from the shoulder pads to make drinking easier for football players.
The product was still on hold for Spencer, though, as soon as he married the love of his life.
Jeff Foxworthy appeared on Shark Tank in 2011 and helped Spencer secure a deal for the HydroMax System concept, which had previously failed.
How Was The Shark Tank Pitch Of Hydromax?
Spencer reaches Shark Tank seeking an investment of $50,000 from the Sharks in exchange for 25% of Hydromax.
He says that young football players are dying as a result of dehydration.
Spencer demonstrates how the shell protects the bladder from hitting objects when he is not using the device and how the drinking tube is kept under the jersey when it is not in use.
The Hydromax system can be applied to a wide range of football pads since it can be used with virtually any set.
The enticing possibilities attract the Sharks. They want to know how much it costs to produce a product and how much it costs to sell it.
Hydromax costs $8 to make and costs $49.95 to buy.
Spencer sold $100,000 worth of Hydromax systems during the year he was marketing his product, but he returned to his corporate position after raising a family.
Barbara Corcoran is concerned about Spencer’s spending on the product.
Spencer believes that a Shark will take care of his manufacturing and distribution to focus on sales.
Kevin O’Leary is interested in working with entrepreneurs who can secure their licensing agreements.
This “problem I don’t want to take on,” he continues, “is the licensing of the product.” He’s out.
Daymond John thinks that the company’s valuation is “far wrong.” He exits.
It’s not clear to Barbara Corcoran if she has the necessary relationships for this type of business. She’s gone.
Jeff Foxworthy and Robert Herjavec are the only two left.
However, Herjavec believes “the only guy who can do this is you” and thinks the concept is ingenious. Spencer is encouraged to make sales calls by his boss. He’s finished.
Spencer’s future goals for growth have piqued the interest of comedian Jeff Foxworthy.
In addition, Spencer claims that Hydromax has been used by collegiate athletes in the Hulu bowl and has been evaluated.
Foxworthy is awed. “I’m crazy about kids,” he says, offering $50,000. Spencer has agreed to a settlement.
Final Deal: Jeff Foxworthy agrees to invest $50,000 for a 25% stake in Hydromax.
What Happened To Hydromax After Shark Tank?
The deal Foxworthy was to make never materialized. The system is used by professional teams, including the Dallas Cowboys and San Diego Chargers, and high school and college teams, including Pop Warner.
Chris Spencer took over as CEO of his company once the system took off.
Chris acquired “venture capital funding for continued operations and expansion of 13 personnel and day-to-day operations with a national footprint” in 2011, according to his LinkedIn profile.
As of now, he is a T-Mobile Senior Business Account Executive. Hydromax’s revenues are expected to be $2 million a year.
Is Hydromax Still In Business?
Chris Spencer’s Hydromax has been a huge hit since its appearance on the Shark Tank.
The Hydromax system became a must-have for high school and college football teams with the help of shark Jeff Foxworthy’s money and skills.
The Hydromax system is also used for professional football players, such as the Dallas Cowboys and the San Diego Chargers.
You can also purchase Hydromax on the Hydromax website.
After appearing on Shark Tank, Chris could leave his corporate position and become the CEO of his own company.
Jeff Foxworthy’s investment has paid off, and this is another Shark Tank success story.