A premium glass of wine can be hard to find when spending time at a venue or outdoors. Because of this, James Martin has created a sealed glass of wine that can be enjoyed anywhere. Will the sharks be charmed by this product on
If you’re short on time, here’s a quick overview of what happened to Copa di Vino after
Copa di Vino appeared on
Shark Tank Copa di Vino Update
- Entrepreneur: James Martin
- Business: Premium wine by the glass
- Ask: $600,000 for 20% equity
- Result: No deal
- Shark: None
James brings his company Copa di Vino to
Kevin O’Leary immediately jumps into the fray, while the rest of the sharks enjoy samples. He asks if James is selling the packaging, or if he wants to compete in the wine industry.
James talks about his three different revenue streams: licensing and collecting royalties, bottling for industries, and launching a consumer brand.
At the time of filming, Copa di Vino has only been on the market for five months. In that time, sales have already hit $500,000, with over $800,000 in orders.
James sells his products in several stores, including Kroger’s and 7-Eleven. Further, James is expecting $3-$5 million in additional sales from wineries that he’s working with.
First to drop out is Daymond John, who thinks the company is too early for an investment.
On the other hand, Kevin and Robert Herjavec, are still interested in the packaging portion of the business. Just then, Mark Cuban encourages James to return with a proposal for the intellectual property, saying he may be interested at that point.
That’s when Kevin asks how much of the IP he could get for $600,000, so James doubles down on 20% equity, but Kevin says that’s not enough. Robert says he doesn’t think James is ready to split the concept, so he is also out.
Next to go out is Barbara Corcoran, who says she can’t bring anything to the company.
Kevin reiterates that the money is in the IP, but James says he is not ready to sell it. Mark speaks up and says he doesn’t see the profit in the product, so he is out.
Not ready to give up yet, Kevin says he wants 51% and asks what James wants for it. James replies with $3 million, and Kevin goes out.
With that, James left
Our Copa di Vino update shows that Copa di Vino has thrived since appearing on
If you’d like to give Copa di Vino wine a try, products are available in most liquor stores. However, if you’re more of an online shopper, you can purchase directly from the Copa di Vino website, to give them a try!
Offerings include a Red Blend, Merlot, Cabernet Sauvignon, White Zinfandel, Riesling, Moscato, and Sauvignon Blanc. So, they have something for everyone!
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Jennifer is an avid Shark Tank fan that has been watching the show for years. She serves as Senior Editor at Shark Tank Recap and ensures that all our information is accurate and that our posts are up to date. Her favorite Shark Tank products are Le-Glue and Ring!