What Occurred To Bee D'Vine Honey Wine After Shark Tank?

Solomon requested $750,000 from the Shark Tank in alternate for 20% fairness in Bee D’Vine. Whereas handing out samples — which they can not resist — he explains that the funding will assist him take his beverage to the forefront of the wine enterprise. The Sharks are fast to critique the worth of Solomon’s honey wine. Most wines promote for $14, Kevin says, whereas Bee D’Vine rings up at nearly $40 a bottle. Surprisingly, Kevin is the primary to again away from the deal: since he owns O’Leary Superb Wines, he has no real interest in sustaining one other vineyard.

Nonetheless, the opposite Sharks are very serious about Bee D’Vine. Solomon has made $400,000 prior to now six years, which seems promising sufficient to Mark Cuban, Robert Herjavec, Lori Greiner, and visitor investor Daniel Lubetzky. Lori Greiner admits that that is the primary white wine she’s preferred: “It is sort of like a dream come true. And also you’re saving the bees.”

The 4 Sharks problem the entrepreneur with a brand new deal: $750,000 for 40% fairness. With this, they provide to help Bee D’Vine with publicity, gross sales, and recognizability inside the market. Solomon agrees to the hearty deal, giving Mark, Robert, Lori, and Daniel every 10% fairness within the wine enterprise.