Hello friends, today we will talk about What Happened To Wine Balloon After Shark Tank? Wine Balloon Net Worth, Founders
A Wine Balloon now known as The Air Cork is a great product to keep an already-opened bottle of wine, fresh. A flat balloon is inserted into the bottle of wine and then it is filled by pushing air through a cluster of grapes that can be pressed to pump air into the balloon. The balloon is blown up till it touches the edge of the bottle and only a little air bubble is left in the bottle.
When the wine lover wants to drink wine again, they just have to turn the valve on the device to collapse the balloon, and fresh wine can be drunk from the bottle. It takes only $6.50 to manufacture and it’s sold for $22 in retail shops.
This balloon is made up of medical-grade latex, which does not change the taste of the wine and wine can be preserved for a maximum of 3 to 4 days after the bottle is opened.
Who are the founders of Wine Balloon?
Eric Corti and his wife are the founders of Wine Balloon.
What Happened To Wine Balloon After Shark Tank? –
Eric Corti the founder of Wine Baloon now known as The Air Cork as brings the product to Shark Tank episode 304, hoping to entice the Sharks to take a sip of his product.
Asking for a $40,000.00 investment in exchange for 30% equity in the air cork business. Lori Greiner was more interested in buying the whole company and the patent pending on the wine balloon.
She offers Eric Corti a deal of $500,000.00 for the entire business another shark MarkCuban also sees the potential success of the wine cork and wants to go in on Lori Greiner’s deal.
He’ll even up the ante another $100k and make it an even $600k for the wine cork business that’s 15 times the money that Eric was originally looking for.
Eric Corti almost seems ready to accept Lori and Marks’s offer, but he wants a 2% royalty on any future profits.
Mark Cuban comes back into the negotiations after the other Sharks are out, but this time his offer drops $200k down to $400k, and still with no royalty. Eric Corti decided to back out of the deal and pursue marketing the Wine Balloon aka Air Cork on his own.
Wine Balloon Net Worth
A Wine Balloon now known as The Air Cork is a great product to keep an already-opened bottle of wine, fresh. Based on the information available on the internet the net worth of the company named wine bottle is approximately $7 Million as of 2021.
Wine Balloon Social Media
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