Local man dominates with his "Cool Wrap" on ABC's Shark Tank - ABC6 - Providence, RI and New Bedford, MA News, Weather

Local man dominates with his "Cool Wrap" on ABC's Shark Tank

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By: Alexandra Cowley

acowley@abc6.com

If you've never seen an episode of the ABC hit show Shark Tank, allow 48–year–old Jeff Miller to tell you what it's all about

"They are investors and these are sharks they live up to their name truly,"said Jeff Miller.

8 months ago miller flew out to LA, stood in the tank, and pitched his gift wrap product to the sharks.

"We got on QVC twice and we sold out," Miller told the sharks.

"I watched Shark Tank for years and I just wasn't sure if I had the confidence to be able to do it," said Miller in his interview with ABC 6.

Miller was confident in his product, but terrified about the pitch.

"I'm not necessarily a public speaker but I have this passion for this product and I better do it," Miller said.

For weeks Miller practiced telling his story; "there's no tape, no scissors, and no paper cuts."

He had to convince the toughest entrepreneurs that his "Cool Wrap" was the best gift packaging product on the market.

Here's How it works:

"It's as easy as placing your gift into a bag, remove the protective film from the adhesive strip, fold it over, and close it like you would an envelope. With a hairdryer you shrink it to fit, so and there it is."

The idea started 15 years ago, a former partner of Miller's wanted an easier way to wrap presents.

"They happened to pass by a boatyard and they saw all these shrink wrap boats," Miller described.

From there, they came up with Cool Wrap, foolproof gift wrapping.

"I mean I have gift wrap anxiety, not everybody can gift wrap."

It's been a long, at times discouraging journey for Miller.

"A lot of no's or come back when your ready," he said.

On Friday, Miller asked the sharks to invest a hundred thousand dollars in his company. Entrepreneur Mark Cuban gave Miller an even better offer. Cuban offered Miller 250 - thousand dollars to buy him out, with 3 percent royalty of the company.

Miller accepted!

"It was an opportunity of a lifetime and I took the chance."

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