Shark Tank Season 3 - #309 - Update
Shark Tank Monday 8/26/2013
 |
| Paddle Paddle Boards Shark Tank Season 3 |
Vinamor Wine Aerator
If you like wine as much as I do, then your going to love the Vinamor Wine Aerator that helps the wine breathe as its being poured. When Gary DeJohn came into the Shark Tank He was well prepared and did His homework on the Sharks themselves. Already knowing Kevin O'Leary has his own winery (O'Leary Wines) it was clear that DeJohn was targeting Kevin to invest $75k for a 30% stake in his aerator. While O'Leary was indeed impressed with this product, He is already in this business with a few other wine aerators on the market, and never even makes an offer.At the time of the taping of the Shark Tank, the Vinamor was selling for $40 bucks a pop which is a little pricey according to Kevin our wine expert. Gary was indeed able to find another oversees manufacture and drastically lowered the price to $24.95 per unit.
Gary started with his presentation asking $75k for the wine aerator business in exchange for 30% of the equity. To demonstrate how fast his aerator works he gets O'Leary to come up and taste test the same wine but one poured Thur a Viamor. Kevin confirms it does indeed work and decides to keep his sample of wine as he walks back to the Shark Tank. Another neat built-in feature that would appeal to any Bar, Night Club or Winery that sells wine, is the ability to pour exact portions every time, thus making the Vinamor pay for itself in a short amount of time.