Copa Di Vino on Shark Tank
Wine By the Glass - Season 2 and 3 -Rerun Season 4 - UPDATE
Copa DaVino is wine a glass. The wine comes in 7 varieties which consists of Chardonnay, Merlot, Pinot Grigio, Riesling, White Zinfandel, Cabernet and Moscato.
Each in it's own patented glass-like container made out of recyclable plastic. Just like beer has been sold by the can for centuries, now wine can be sold by the glass at places never imagined. No corkscrew, no wasted wine from opened bottles, just a glass of wine anytime you'd like.
Season 3 Episode 308 Update
James Martin comes back in the Shark Tank more confident then ever. He now has a sold $5 million in product and can't keep up with demand. He needs an investment from the Sharks to open up a second bottling plant and has enough orders to instantly double the sales. Not a bad position to be in when dealing with angel investors at any level. But the Sharks sense a bit of desperation when Martin admits they are putting all their revenue back into inventory. O'Leary says he could of made $500 million instead of only $5 million if Martin would of listened to him the first time. He offers him $600k for a 51% stake, the same offer from season 2.
Mark Cuban begins to act interested in Copa DiVino when O'Leary out of character changes his offer to $300k for only a 12% stake. Half the money for a fourth of the equity. Mark Cuban wants in on this deal and asks James to step out of the Shark Tank for a few minutes so they can discuss this deal. While Martin is out of the room he takes the time to call a good friend Jim Koch, founder of Samuel Adams Beer. When he returns Mark Cuban, Kevin O'Leary and Robert Herjevic all offer him $600k for a 30% stake. The three wealthiest Sharks on the show in on the same deal. A deal like that would solve just about any financial expansion.
James Martin brings $1000 bottle of wine packaged in Copa Di Vino to ponder a deal with 3 Sharks with a net worth in the billions. It may of been a moment he had been dreaming for awhile but that was not the time to stop and smell the roses, sor-ta-speak. Mark and Robert both pull their offers leaving Kevin the lone Shark once again. He doesn't make a deal but has no hesitation going after the $1000 wine as Martin leaves the Shark Tank empty handed once again.
The Copa Di Vino is an invention that really caught the big boy's sleeping at the wheel. This is something, surprisingly, was not on the market years ago as the beer beverage market has flourished. In terms of market, this product has the potential to easily reach 9 figures in the future. With the Sharks help these numbers could of been reached much faster, but with Martin's determination, it's only a matter of time. My prediction is Copa Di Vino will be bought out within the next couple of years for an undisclosed amount making him a multi million are many times over. Finding a need and filling it. That's what it's all about!
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