Lisa Pawlik and Randall Pawlik came onto
Shark Tank VoChill Update
- Entrepreneurs: Lisa Pawlik and Randall Pawlik
- Business: Portable wine glass cooler
- Ask: $300,000 for 5% equity
- Result: No deal
- Sharks: None
Lisa told the sharks that VoChill quickly cools room-temperature red wines down to 65 degrees Fahrenheit in about ten minutes, while also preserving the temperature of other types of wines. The product is designed to highlight the best characteristics of a glass of wine and improve the overall taste and temperature.
Simply lift your glass from VoChill and enjoy. No objects inserted into wine and no metal or plastic taste or smell that compromise the drinking experience. Wine’s perfect partner while relaxing indoors or out, entertaining a guest, preparing dinner, or any time in between. VoChill makes the perfect gift for yourself or any wine lover in your life.
VoChill has generated more than $800,000 in gross revenue during its first two years of business, with a very limited selection of products. Additionally, its products are sold almost exclusively online. The sharks were fairly impressed with the financial performance of the company.
The major problem for VoChill is that it isn’t profitable yet. Lisa and Randall have a super high customer acquisition cost and needed a strategic partner to help them get those costs down rapidly.
Kevin O’Leary, who has his own wine brand, offered $300,000 for 10% equity along with a $2 royalty until more than $1 million is paid back.
Mark Cuban and Barbara Corcoran weren’t interested and decided to drop out. Lori Greiner also wasn’t interested, leaving only Kevin O’Leary left in the negotiations. Lisa Pawlik and Randall Pawlik considered Kevin’s offer and decided to reject it due to the royalty requirement.
Let’s take a look at our VoChill update after
Despite failing to get a deal from
Going forward without a shark, Lisa and Randall will have to figure out how to lower their customer acquisition cost so that VoChill can turn a profit. However, after their experience on
When we get more news about a VoChill update, we will let you know. In the meantime, be sure to check out its official website for more info!
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Jeremy is a regular contributor at Shark Tank recap. He has a ton of passion for the show and enjoys researching information about what all the companies are up to now. His favorite Shark Tank companies are The Cookie Dough Cafe and Kronos Golf!