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By Ethan Wolff-Mann
March 1, 2016
The cooler that may have been doomed to live a life on social media instead of carrying beverages.
The cooler that may have been doomed to live a life on social media instead of carrying beverages.
Coolest Cooler

If you used Facebook between the years of 2014 and 2015, there’s no chance you didn’t see the “Coolest Cooler.”

With a “built-in ice-crushing” blender for on-the-fly Margaritas and a Bluetooth speaker and USB charger, the cooler appeared to be designed to go viral on social media rather than see much actual use–though it can in fact blend Margaritas on the beach. It took Kickstarter by storm, with a $13+ million haul that made it one of the biggest crowd-funding ventures ever.

Although the cooler is currently selling on Amazon for $500, where it has a 3.5-star review, creator Ryan Grepper recently sent an email to backers saying it had run out of money and was currently unable to fulfill the Kickstarter orders, according to Oregon Live. And quite understandably, Kickstarter donors think this is, well, not cool.

There are no guarantees in the Kickstarter universe, even for the most lucrative of campaigns, where it’s easy for even experienced people to bite off more than they can chew. Still, Oregon Live says that Grepper is looking for investors to pony up more funds and to keep the Coolest Cooler from defaulting on its promises to early backers, who are still waiting for their coolers.

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

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