Wine lovers face a problem every day, they want their wine chilled, but don’t have time to chill it on demand. ProntoBev solves that issue by chilling wine faster than any other product out there. Will the sharks chill with founder Alexander Simone in this
Shark Tank ProntoBev Update
- Entrepreneur: Alexander Simone
- Business: 30-second wine chiller
- Ask: $100,000 for 5% equity
- Result: $100,000 for 25% equity
- Shark: Mark Cuban
Different wines have specific temperatures that they should be served at to bring out the best flavor. ProntoBev is able to chill wine to any specific temperature in only 30 seconds. Each wine’s ideal temperature is included in the ProntoBev packaging as well.
Another comparable product is a wine fridge, but it does not chill quickly and takes up a lot of space. There is a new product on the market that is similar, but it doesn’t work the same as ProntoBev.
ProntoBev works by having patent-pending Pronto Gel that chills it quickly in a rapid heat-transfer process in the stainless steel apparatus. You can chill one bottle of wine at a time.
While ProntoBev is not in production, it raised $54,000 in two months through a crowd-funding campaign. The early bird price point is $89, but Alexander plans to sell it for over $100.
Out of the gate, Daymond John couldn’t get behind the valuation and dropped out. Mark Cuban agreed and also went out. Robert Herjavec thought it was way too soon for investments, so he went out.
Kevin O’Leary saw the merit of this product and said he would not negotiate with it. He offered $100,000 for 50% equity. On the other hand, Lori Greiner thought Alexander was onto something clever with ProntoBev, but she ended up dropping out as well.
Alexander countered Kevin’s offer with $100,000 for 20% but Kevin declined because he felt he was intricate to the success of this product. With no sales yet, he wouldn’t budge.
Mark asked Alexander about his next product, a martini chiller, and ended up coming back to offer $100,000 for 25% contingent that he would raise an additional $100,000 for the new martini chiller. Alexander agreed and they made a deal.
Further, it does an additional product on its website, called the ProntoAer, which helps aerate glasses of red wine or even whisky. However, that product is also not available for purchase.
The website states they met Mark’s contingency and are still open to more investments, but it looks like it hasn’t been updated in several years. No one that invested in the Indigogo campaign has received their product, and many are calling this company a scam.
With no sales since
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