Shark Tank: ProntoBev Wine Chiller Accepts $100,000 Offer from Mark Cuban

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Shark Tank: ProntoBev Wine Chiller Accepts $100,000 Offer from Mark Cuban

13/11/2017 Newsletter 0

ProntoBev

Last into the tank is Alexander Simone of ProntoBev, seeking $100,000 for five percent equity.

ProntoBev keeps wine chilled because “life’s too short for bad wine.” According to their website, the system chills a bottle of wine using unique temperatures in less than 30 seconds. The wine chiller, which is currently available for pre-order after it was successfully funded through Indiegogo, regularly costs $139. Pronto Concepts also offers a ProntoAer, which quickly aerates wine.

Kevin O’Leary, a wine connoisseur, agrees that the wine was chilled to the right temperature and points out the importance of the chiller not diluting the wine. Daymond John worries about the $2 million valuation but Simone thinks ProntoBev has a competitive advantage. He calls the valuation “crazy” and goes out.

Mark Cuban appreciates his inventor side, but has concerns over the valuation. He goes out, followed by Robert Herjavec. O’Leary offers $100,000 for 50 percent, but Lori Greiner jumps in and tells Simone that she thinks the idea is clever. She thinks it has potential but goes out. He counters O’Leary at 20 percent, which he vehemently declines.

Before Simone accepts or declines O’Leary’s offer, Cuban quickly jumps back in. He offers $100,000 for 25 percent contingent on raising another $100,000 after he learns of Simone’s next martini-related product idea. He accepts.

Social Media Reacts to ProntoBev’s Appearance on “Shark Tank”

Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging businesses to multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group.

Philanthropist and Virgin Group founder Richard Branson, Spanx founder Sara Blakely, Skinnygirl Cocktails founder and Real Housewife Bethenny Frankel, Vitamin Water founder Rohan Oza and former MLB player Alex “A-Rod” Rodriguez are also slated to appear as guest sharks this season.

“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $100 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Sunday at 9 p.m. on ABC.

Would you use the ProntoBev wine chiller? Sound off in the comments section below!


Source: B2C

 

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