Solomon requested $750,000 from the Shark Tank in exchange for 20% equity in Bee D’Vine. While handing out samples — which they can’t resist — he explains that the investment will help him take his beverage to the forefront of the wine business. The Sharks are quick to critique the price of Solomon’s honey wine. Most wines sell for $14, Kevin says, whereas Bee D’Vine rings up at almost $40 a bottle. Surprisingly, Kevin is the first to back away from the deal: since he owns O’Leary Fine Wines, he has no interest in maintaining another winery.

However, the other Sharks are very interested in Bee D’Vine. Solomon has made $400,000 in the past six years, which appears promising enough to Mark Cuban, Robert Herjavec, Lori Greiner, and guest investor Daniel Lubetzky. Lori Greiner admits that this is the first white wine she’s liked: “It’s kind of like a dream come true. And you’re saving the bees.”

The four Sharks challenge the entrepreneur with a new deal: $750,000 for 40% equity. With this, they offer to support Bee D’Vine with publicity, sales, and recognizability within the market. Solomon agrees to the hearty deal, giving Mark, Robert, Lori, and Daniel each 10% equity in the wine business.

Post source: The List

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