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After raising $13 million, Coolest Cooler tells backers it needs another $15 million to complete orders

Mar07
by on March 7, 2016 at 6:43 pm
Posted In: Around the Web, Insider

Screen-Shot-2016-03-01-at-11.59.15-AM
In a recent Hangouts chat with backers, Coolest Cooler CEO Ryan Grepper says his company needs another $15 million to fulfill all orders. Should Coolest LLC get its $15 million, Grepper says it will be split evenly between production and shipping of existing orders, building out Coolest inventory and growing the company (hiring, future product development, etc.) Grepper also says Coolest has shipped over 20,000 coolers to backers, with 36,000 (or so) of the original 62,642 backers still waiting for fulfillment. A “down payment” has been made on each of those 36,000 coolers, which is where things get tricky. Coolest…

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a couple of laughzillas on a blue diamond background

After raising $13 million, Coolest Cooler tells backers it needs another $15 million to complete orders

Mar07
by on March 7, 2016 at 6:43 pm
Posted In: Around the Web, Insider

Screen-Shot-2016-03-01-at-11.59.15-AM
In a recent Hangouts chat with backers, Coolest Cooler CEO Ryan Grepper says his company needs another $15 million to fulfill all orders. Should Coolest LLC get its $15 million, Grepper says it will be split evenly between production and shipping of existing orders, building out Coolest inventory and growing the company (hiring, future product development, etc.) Grepper also says Coolest has shipped over 20,000 coolers to backers, with 36,000 (or so) of the original 62,642 backers still waiting for fulfillment. A “down payment” has been made on each of those 36,000 coolers, which is where things get tricky. Coolest…

This story continues at The Next Web

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