Drip Drop Shark Tank Update – Shark Tank Season 7
Drip Drop, an edible ring designed to catch ice cream drips, was pitched by teens Oliver Greenwald and Sam Nassif on Shark Tank Season 7. They landed a deal with Barbara Corcoran.
High school freshmen Oliver Greenwald and Sam Nassif pitched Drip Drop, their solution for messy ice cream cones, to the Sharks in Shark Tank Season 7 Episode 25.
Oliver and Sam first got into business in 2011, when they entered the Gates Invention & Innovations competition while in fifth grade. Their advisers told them to try to solve an everyday problem.
When they noticed two messy kids eating ice cream at a neighborhood ice cream parlor, they came up with the idea for Drip Drop. They won the competition, and the first prize was a free patent attorney. However, the Sharks did not ultimately see this as a lasting investment opportunity.
About Drip Drop
| Category | Details |
|---|---|
| Business Name | Drip Drop |
| Founders | Oliver Greenwald & Sam Nassif |
| Industry | Food & Beverage |
| Product | Edible ring for ice cream cones to catch drips |
| Funding (Pre-Shark Tank) | Self-developed with patent support |
| Investment Asked | $50,000 for 20% equity |
| Deal Status | Deal secured with Barbara Corcoran |
| Deal Outcome | $50,000 for 33.3% equity |
| Valuation | $250,000 (Ask) |
By 2015, Oliver and Sam had secured a design patent and had two more patents pending.
The Drip Drop was a simple solution to a messy problem. Essentially, it was a ring of ice cream cone material that slides up a cone and catches all the drips. It was edible, neat, and delicious.
There were two flavors available, original and chocolate. The product was not available for sale. They were looking to license it to an ice cream cone manufacturer. They claimed it would save ice cream shops a fortune on napkins. Oliver and Sam likely needed a shark to help them navigate the wild world of licensing.
Drip Drop Shark Tank Pitch
Sam and Oliver came to the Sharks seeking an investment of $50,000 in return for 20% of Drip Drop.
The Sharks were impressed with the boys’ presentation, especially with Oliver’s announcement that “we might not have driver’s licenses, but we have a patent.”
The pair handed out ice cream cones to soften the sharks up a bit while they heard the rest of the pitch. The Sharks clarified that they had a design patent to protect their idea.
They had already been advised to license the Drip Drop to an ice cream manufacturer. They wanted a Shark deal to gain the power and influence to make a pitch to an ice cream manufacturer.
Kevin O’Leary wanted to know about costs and sales. Sam explained that they estimated that the Drip Drop would cost ice cream manufacturers about $0.03 to make, and they would be able to sell them to ice cream parlors for about $0.10.
Robert Herjavec wanted to know about the cost of ice cream cones for comparison. Sam responded that cones cost about $0.05.
Mark Cuban questioned whether doubling the price of the cone was a problem. Sam explained that they believed parents would pay an extra $0.25 to make their kids’ cones less sloppy.
Barbara Corcoran pointed out that the remaining cones were dripping over the edges of the Drip Drops. Oliver responded that part of the money would be used to hire a food engineer to perfect the design before it was presented to the ice cream companies.
The Sharks’ main concern was scalability and real demand, not just design.
What Makes Drip Drop Unique?
The following features made Drip Drop stand out:
- Simple, practical solution to a common problem
- Edible design that reduced waste and mess
- Patent-protected concept
- Licensing-focused business model
- Strong appeal to families and kids
Did Drip Drop Get a Deal on Shark Tank?
Yes, Drip Drop secured a deal, but it didn’t last.
Mark Cuban believed the pair should take their design to individual ice cream stores and begin building demand with pilot programs. He thought there was too much work involved, and he was out.
Robert Herjavec disagreed. He thought the pair needed to continue with their plan to take the Drip Drop to ice cream manufacturers. He didn’t think they needed a shark, and he felt it was too early, so he was out.
Kevin O’Leary was impressed that they had gotten a patent. He agreed with Robert about the amount of work to get the licensing deal. He was out, but he said he “was going to get Barbara to give them the $50,000.”
Barbara Corcoran was “not so sure about that.” She agreed with Mark Cuban that the pair needed to go out to the ice cream stores and sell to individual stores, and she didn’t think that the design was “pretty enough” yet. She felt it was too early to invest.
Lori Greiner disagreed. She believed that licensing was the way to go, but she thought the boys could do it themselves. She didn’t want to take a cut of their profits, so she was out.
All hope seemed lost for Drip Drop, but Oliver told Barbara, “By investing in us, you’re showing every kid in America that dreams do come true.” He thought they could solve the design problems and that the Drip Drop could work.
Barbara was impressed with their spunk. She made an offer of $50,000 in return for a 33.3% stake in the company.
After a brief consultation, the boys accepted her deal.
Drip Drop Shark Tank Update
The deal with Barbara fell through. Since their airing in April 2016, Sam and Oliver had been working to perfect their design and to bring their licensing deal to a manufacturer.
Time would tell whether this sweet deal would make these two young entrepreneurs a cold pile of cash.
In early 2018, Oliver Greenwald stepped away from the business. At that time, they had a product in just three Denver-area ice cream stores.
Although Nassif, who started AlternaCare Health Inc., still listed Drip Drop as “open” on his LinkedIn profile, the website was down, and the last Facebook post was June 5, 2019.
With no revenue or public operations since 2019, the company’s net worth was estimated at $0.
Later, Greenwald developed an app called Make Shit Happen that offered 5-minute social change tasks for when people were on the toilet.
As of 2026, the company has not taken off, and the DripDrop does not appear to be commercially available.
Posts About Drip Drop on Shark Tank Blog
You could learn more about the business and its shield model from here: No Drip Ice Cream Cone Shield.
Where Can You Buy It?
Drip Drop products are no longer available for purchase. Their website had been inactive, and their Facebook page had not been updated since 2019.
Quick Summary
- Drip Drop was a patented edible ring that slid up an ice cream cone to catch drips and prevent messes.
- Founders Oliver Greenwald and Sam Nassif, both high school freshmen, sought $50,000 in exchange for 20% equity to license their product to ice cream manufacturers.
- Barbara Corcoran offered $50,000 for 33.3% equity, but the deal ultimately fell through post-show, and they were out of business as of 2026.
Check out other Shark Tank Season 7 Episodes.
Curious to know about other businesses that appeared on the same episode? Check out their business updates!
