Last into the tank are Jennifer Sullivan and Randy Rothfus of Guzzle Buddy, seeking $400,000 for 10 percent equity.
Guzzle Buddy turns any wine bottle into a glass. The wine glass attachment, which quickly became a viral hit, was inspired by an episode of “Cougar Town” and has been featured on “The Ellen DeGeneres Show,” INSIDER and Delish. According to their website, the Guzzle Buddy is screwed into the top of a wine bottle, turning it into a glass. “Tilt the bottle and enjoy drinking straight from your new ‘bottle’ glass. No more looks of judgment!” The Guzzle Buddy, which is also available in a beer bottle glass, costs $24.99.
In less than a year, they did $1.4 million in sales. The sharks are shocked, however, they find their valuation too high. Robert Herjavec didn’t like the beer glass and Mark Cuban points out that most people would just be drinking out of the bottle itself. He goes out, followed by Daymond John. Lori Greiner thinks their sales are “staggering”, but worries about long-term sustainability. Herjavec and Kevin O’Leary go out over the valuation.
Greiner then challenges the duo to convince her on a deal. They propose a revised offer of $400,000 for 20 percent, which John says he will accept at 25 percent. Greiner counters with $400,000 as a loan at 20 percent. Ultimately, they accept John’s offer.
Social Media Reacts to Guzzle Buddy’s Appearance on “Shark Tank”
The Guzzle Buddy is cute lol #SharkTank
— Delania ✨ (@DelaniaEsq) January 22, 2018
Not feeling this guzzle buddy product. It's encouraging ppl to binge drink/drink a whole bottle. That was my 1st impression. #SharkTank
— Theresa Juva-Brown (@TJuva) January 22, 2018
The Guzzle buddy like the idea but cant offer guests a drink #SharkTank
— Lance Becvar (@Dadsonpowermode) January 22, 2018
I LOVE this @GuzzleBuddy Product!!!!!! @ABCSharkTank #SharkTank
— Elsa❤️⚾️ (@Elsa050467) January 22, 2018
Sale numbers are huge! Celebrate! @GuzzleBuddy @TheSharkDaymond #SharkTank pic.twitter.com/Qdml49CdKz
— Shark Tank (@ABCSharkTank) January 22, 2018
Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging businesses to multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group.
Philanthropist and Virgin Group founder Richard Branson, Spanx founder Sara Blakely, Skinnygirl Cocktails founder and Real Housewife Bethenny Frankel, Vitamin Water founder Rohan Oza and former MLB player Alex “A-Rod” Rodriguez are also slated to appear as guest sharks this season.
“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $100 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Sunday at 9 p.m. on ABC.
Would you use Guzzle Buddy? Sound off in the comments section below!
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