"There's a point where products derive much more attention than any rational expectation would suggest," said Jason Greenberg, PhD and assistant professor at New York University's business school, "In a market where potato salad can raise $55,000, it's not that surprising."
What's more surprising is that this isn't Coolest's first time around the Kickstarter block.
According to PrivCo, a financial data provider on privately-held companies, U.S. cooler sales totaled $635 million in 2013.
Igloo Products Corp "dominates" the market, according to Matt Turlip, senior analyst at PrivCo. The company, which was acquired by VC firm J.H. Whitney & Co. earlier this year, owns 53% of the full-size cooler market.
"Maybe in a year or two, with $9 million in funding, The Coolest can hope to compete," said Turlip.
Those who pledged enough for the cooler ($165 or more) will have to wait until February 2015 to get the product (which will come in Margarita, Blue Moon and Coolest Orange).
But they will have saved a cool $130 -- it'll retail for $299.