People love drinking and playing games. They are our favorite pastimes in a hectic daily routine. But we still use the traditional gaming system and refrigerator to quench our thirst.
Dan Grimm and Brant Myers, the owners of ARKEG, have introduced an innovative product. They have basically combined a gaming system with a refrigerator along with a tap to get a drink while playing games.
Dan with mechanical knowledge and Brant with manufacturing have come up with a revolutionary Kegerator that allows consumers to play games as well.
The owners came on Shark Tank to request $100K for 33% of their company. They also brought with them their product along with different types of drinks to demonstrate how it works. Let’s explore their journey on the show.
ARKEG Net Worth Shark Tank Update
Dan and Brant were looking for an investment of $100k in exchange for 33% equity in ARKEG. At the time of the episode, they valued their company at around $303k. Unfortunately, they did not secure a deal with any of the Sharks. After the show was aired, the company was sold for $11,500 in 2015. As per my rough estimate, the current net worth of ARKEG in 2024 is around $0, as the company has not grown in value since it was sold.
Shark(s) name
Offer & Demand
Counteroffer
Accepted?
Kevin O’Leary
Out
N\A
N\A
Mark Cuban
Out
N\A
N\A
Lori Greiner
Out
N\A
N\A
John Daymond
Out
N\A
N\A
Robert Herjavec
Out
N\A
N\A
The Owner’s Backstory
Brant and Dan met in 5th grade and they have been together for the past 22 years. Since then, they have been doing things together as one-brainer. Dan is an engineer and gaming nerd and Brant is into manufacturing. Their product is the combination of two all-time favorite pastimes. They have combined a kegerator with a game. Their product is an arcade cabinet that also serves as a kegerator and tap for fresh beer.
The two best friends came on the show to seek $100K for a 33% equity stake. They also presented the sharks with their drinks from the ARKEG machine and demonstrated how it works. The product can be used in boys’ rooms, playrooms, and in a lobby to entertain oneself.
Queries about the Product
Kevin was the first to ask questions about the product’s cost. Brant answered that it retails for $4K, which shocked the judges.
Kevin also asked about the number of units sold so far. The owner replied that they have sold a total of 20 units so far.
Shark’s Response and Final Decision
Cuban without even asking a question decided to drop out as the combination of a drink and a game does not work out for him.
Lori then backed out of the deal as she was not interested in such business.
Herjavec related that although he was a gaming nerd himself it was eight years ago. The units sold were also very low in a time span of two years, so he dropped the deal.
Daymond was the next shark out as gaming is now more popular on smaller gadgets like tablets.
Mr. Wonderful also dropped the deal as the product was not appealing to him as well.
Product’s Availability
The sharks were fortunate to not invest any money in the company. Although the product is still available on the Uncrate website the owners are not the same. Dan and Brant had actually sold their company for $11,500 in May 2015.
Conclusion
Although the two friends tried their luck with ARKEG but eventually failed. After failing at the show and facing criticism from the sharks, they do not make out to the wider world as well. While the owners have left the product, it can still be found on another website.
Hey there, it’s Andaleb Youns. I am a freelance content writer and am currently pursuing a BS in English Language and Literature. I have expertise in writing Blog Posts, social media content, and copywriting. I know how it feels to be a student and still be dependent on parents to fulfill even basic daily needs. This realization became apparent while watching Shark Tank. Although I started watching this show out of boredom, it proved to be an inspirational show. The show made me realize the importance of hard work, being independent, and of having a business of my own. I still look forward to it for entertaining and inspirational content.
