Shark Tank

Did anyone watch Shark Tank tonight?

The guy who owns this product http://shop.wineballoon.com/ sold it to Mark Cuban and another shark for $400,000 after they originally offered him $600,000 but lowered the price when he tried to get ongoing royalties which he never got.

Has anyone used one? Does it work?

Happened to see the segment - but have never seen the product for sale. Felt bad for the guy though. They really backed him into a corner.

Looks like a good idea possibly. Little awkward suspending all of that rubber into bottle though.

Saw it as well. He had a tough choice to make and lost 200k for being hesitant. At first glance, the product looked like it would work. It will be interesting to see what happens with the company and product.

I saw it as well. I think he should have tried to negotiate the offer for less $ and royalties after Cuban and the QVC queen dropped their offer.

That said, I think they offered to buy him outright because he said he writes down all sorts of ideas in his notebook. If this were his devoted passion, like the Show-No lady, I think they would have offerred something more of a partnership buy-in.

First time we saw the show, and stayed watching given the subject product. They asked the same question that went through my mind…does that much latex in contact with the wine have any affect on the taste?

Evidently, the deal has not gone through after the due diligence phase. Could be concerns over the pending patent, maybe the latex does cause an issue, or maybe it was something else. It will be interesting to see what happens with this product.

How do you know that?

It was on Wine Balloon’s twitter feed.