Whatever Happened To Hydromax After Shark Tank?

On “Shark Tank” Season 2, Chris Spencer hopes to receive $50,000 for a 25% equity stake in Hydromax. Alongside him is a child named Ethan, who demonstrates how easy it is to access water using the product. Currently, Hydromax can attach to any pair of shoulder pads, but Spencer hopes that a deal will allow his company to eventually make its own shoulder pads with a built-in Hydromax system. 

A single unit costs $8.50 to manufacture and prices at $49.99. He has currently only made $100,000 in sales from 2007. After meeting his wife, he had to leave Hydromax behind for a while and change career paths. The Sharks wonder how Spencer will have the time to run the business if he also works full-time elsewhere. He anticipates that a distribution deal will give him the space needed to do Hydromax full-time. 

Kevin O’Leary doesn’t like that he will have to do a majority of the work and bows out. Similarly, Daymond John, Barbara Corcoran, and Robert Herjavec all go out. “Are You Smarter than a 5th Grader?” host and investor Jeff Foxworthy shows interest but is aware of the work involved. He offers the $50,000 for 50%, which Spencer accepts.

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