Logan Lamance and Teddy Giard, Co-Founders of Kanga Coolers
About the episode
Logan LaMance and Teddy Giard, the founders of Kanga Coolers, turned a Clemson University class project into a business that garnered a $100K investment from Mark Cuban on Shark Tank, one of the fastest deals made in Shark Tank history. The idea for Kanga’s Kase Mate, which keeps a case of beer cold for seven hours, came to LaMance, naturally, at a tailgate. “I was drinking warm beer out of a case. I had a Yeti. I spent $300 on a cooler that could keep my beer cold for three weeks but I wouldn’t use it for three hours,” he said. This problem led to the creation of a koozie for an entire case of beer – a solution less expensive and more convenient than a large cooler. While the five friends behind this solution got a B on their project (which stands for ‘beer’ according to LaMance), their success pitching in front of the sharks was far greater.
In this episode you’ll hear
- How the founders of Kanga Coolers turned a class project into a successful business
- Advice for college students who are aspiring entrepreneurs
- What is was like pitching on NBC’s Shark Tank
- Insight on Kanga Coolers’ collaborations with companies like Anheuser-Busch