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SquareOne Mini Keg

Tim Louks hopes the Sharks like SquareOne, his square kegs that allow people to enjoy the convenience of  a keg tap right from their own refrigerator, in Shark Tank episode 1408. Louks’ keg isn’t just for beer either, you can put wine, kombucha, cold brew, cocktails or pretty much any beverage in it. Simply pour in your beverage, attach the tubing to the regulator, screw in the spout and pressurize it with CO2 (cartridges come with it and can be re-ordered from Tim’s website). It’s simple and its size and shape make it easy to transport or store in the fridge.

Tim literally came up with the idea for SquareOne in the middle of the night. He was growing frustrated with his career in medical device sales and wanted to do something on his own. When he came up with the idea in 2017, he dove in head first. He didn’t know anything about manufacturing, so he learned as he went along. In September, 2020, he had an unsuccessful Kickstarter campaign that raised around $60,000 on a $150,000 goal, but he still managed to get his product made.

The SquareOne mini kegs cost $249. The “Nitro” edition costs $399 and refill cartridges cost $24 for a 12 pack and $199 for a 100 pack. Each keg holds 128 ounces – about a twelve pack. You can fill them with beer anywhere craft breweries sell “growlers” to the public. As for other drinks, you can mix big batches of cocktails or whatever you want from a tap. He makes everything in the greater Spokane area using regionally sourced, American made components. You can even get them with custom logos for an extra charge. Tim likely wants a Shark’s help scaling to the next level.

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Square Keg

SquareOne Shark Tank Recap

Tim will pitch the panel of five Sharks on the business and its prospects for growth. He’ll need to convince Mark Cuban, Daymond John, Kevin O’Leary, Lori Greiner and guest Shark Peter Jones that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but he’ll need to show them HE is capable of running the company to “Shark standards.” A full pitch re-cap on SquareOne will be available on Shark Tank Blog once this episode airs.

SquareOne Shark Tank Update

The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on SquareOne & Tim Louks as more details become available.

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