Well unfortunately it came out that he didn’t own the patent- he was exclusively licensed to use it in America. That’s why he shied away from every licensing comment. Also, he was jailed for fraudulent use of funds. He was a snake
I know I'm supposed to hate this guy but honestly he was pretty polite during the pitch and he turned out to be right. Even at that point, his brand was doing decent business so why would you take out the secret sauce and cripple the brand? He explained that very clearly and the sharks just didn't see it.
@@Jebu911 but apparently he sold the company for 6 million or just under , right now after the sale its worth around 70 million or so . He should've taken Kevins offer
It eventually came out that he actually didnt even own the patent for the glass. He was exclusively licensing it from someone else. Another company did the same thing on shark tanks. That explains why he wouldn’t consider what they were saying. If he did own it it would be a no brainer business wise to do that
I disagree, he actually offered the sharks an incredible deal to begin with given his revenue to date. Currently Copa Di Vino is worth close to 100 million, he offered Kevin 51% for 3 million. Looking back I'm sure Kevin regrets not making a deal.
He sold the company last year for $5 million. So a great deal in general, but no where near the company he thought it would be. Tend to think he could have made 10x that by licensing it with Mark or Kevin, but who knows. I've also never seen it in public in the decade its been out. Crazy!
Ok he’s a little bit of a weirdo but he didn’t do anything wrong here. Lot of hate for a guy that came in with a good offer. Sharks were hostile, which was typical of them back in the day.
Man has multiple million dollar deals with Kroger, target, and 7-11, and they value his patent at 600k? YEESH, thankfully he was smart enough to leave empty handed
10+ years later though. Can't leave that out. He did well, but I don't think the skepticism here is wrong. In the episode where he comes back, I don't think he really wanted to make a deal even though the sharks wanted in on the action more that time.
@@hughmungus7425 ofcourse the second time around he didnt want to make a deal. the sharks belittled him here on national televison even though he was so right about his strategy. just dont talk.
it obviously was going to be a good deal only for kevin because he becones the majority shareholder for the intellectual property and gets to control operations and whatever revolves around the usage of the intellectual property now goes to kevin, leaving him with less authority over the intellectual property and would in the future always require kevin’s consent to use it. Kevin knew what he was doing and why he made an offer for precisely for 51%
"Why separate the special sauce from the other parts of your business?" I don't know, man. Why does Heinz ketchup sell ketchup instead of burgers with Heinz ketchup on them?
He wasn't wrong, the dude wanted to grow his own wine business while kevin wanted to do a much bigger businesses with liencencing. Kevin isn't interested in a 2x 3x growth.
@@goyomojotech That's the problem with Shark Tank contestants. They come thinking they are getting help making their dream or passion bigger and it's ONLY about money. You aren't selling your idea you are selling potential profit for them, end of story.
His company is currently worth 90 million. If he sold 20% of it for 600k (the offer that he was offering the sharks) he would be missing out on 17.4 million
@@jogiff he doesn't own it anymore, he sold it for 6 mil, and yea sure he might've made some cash, I don't think he ever said how much he put into it's development so we don't really know how much of that is actual profit vs recouping r&d, so really he missed out on something like 60+ million
Amazed that this was back in 2011 - the 2nd season of Shark Tank. Obviously my memory isn't good since I don't remember seeing this ep or when he returned in season 3. I only remember another guy who did well with a similar product of wine in a plastic glass but don't remember the name but he didn't get a deal (might have been dragon's den? idk). PS: If someone could explain to me why Sony Pictures can also show Shark Tank episodes under their YT name it would be appreciated.
This guy never wanted a deal. He came on only for publicity and to be obnoxious. The product is nothing special, nothing proprietary. It’s actually cheeper just to buy a bottle!!!
You forget this show primary premise is entertainment. So no. Show runners know what they are doing in running such a successful show. More talking and more back and forth is what the audience wants.
There’s nothing like the refreshing taste of a room temperature white wine in the middle of the day.
Bro thinks he's Steve Jobs 💀
😂😂😂😂
Lmao factss 😂😂😂
You laugh at his outfit, he laughs at your bank account.
@@davisjohn1517 😂😂😂😂
😂
I don’t know why everyone’s hating on this guy.. I think he remained calm and pretty respectful, considering they were totally trying to rip him off
yeah, he was chill to ùe
Well unfortunately it came out that he didn’t own the patent- he was exclusively licensed to use it in America. That’s why he shied away from every licensing comment. Also, he was jailed for fraudulent use of funds. He was a snake
@@epict9458did he not own the patent at the end of the day ,the other guy was the fraud ?
9:09 It’s rare when Mark says Kevin offered a better deal than he was willing to offer himself.
Poor James, he's sweatin' in that sweater, too warm for the stage lights.
I know I'm supposed to hate this guy but honestly he was pretty polite during the pitch and he turned out to be right. Even at that point, his brand was doing decent business so why would you take out the secret sauce and cripple the brand? He explained that very clearly and the sharks just didn't see it.
It seems to be worth about 50million nowdays if he sold the patent who knows how much cash that would generate.
@@Jebu911 but apparently he sold the company for 6 million or just under , right now after the sale its worth around 70 million or so . He should've taken Kevins offer
It eventually came out that he actually didnt even own the patent for the glass. He was exclusively licensing it from someone else. Another company did the same thing on shark tanks. That explains why he wouldn’t consider what they were saying. If he did own it it would be a no brainer business wise to do that
Lol this is completely false. He does own the IP and is now worth around 75 mil from last I checked which was in feb
the other company was a fraud lol,
@@chunkymilk_The other one was definitely not a fraud, it was a different type of packaging
@@calebstephan2083 he does not own the ip
Source?
I've seen this so many times. The way it looks to me, James Martin never really wanted to strike a deal. He just wanted the publicity.
I disagree, he actually offered the sharks an incredible deal to begin with given his revenue to date. Currently Copa Di Vino is worth close to 100 million, he offered Kevin 51% for 3 million. Looking back I'm sure Kevin regrets not making a deal.
The first time he came on he wanted a deal. The second time was primarily for gloating.
He admitted he didn't want a deal the 2nd time
He wanted 600k for 20%, so if someone would've said okay let's do it. You're saying he would've back out? Interesting
@@CollinOffTheCuff I mean probably not that much considering the deal with Zipz he made.
I’m not a mean person, but this man is so unlikeable. He came in with an attitude. Some humility goes a long way, my dude.
His ego is huge.
Ofc his ego is huge, he’s a psychopath
Guy owns a vineyard, what did we expect haha
Robert is a saint for not saying anything when he said “figures” I lost it right there
He definitely fits the bill of a wine snob
he was confident and steadfast. you are just a lamb given a mouth to speak nonsense.
0:53 this shot was definitely his idea
They are extremely sucessful. I have just never seen them ever. anywhere. in 10 years.
There in my local Sheetz 😆
He sold the company last year for $5 million. So a great deal in general, but no where near the company he thought it would be. Tend to think he could have made 10x that by licensing it with Mark or Kevin, but who knows.
I've also never seen it in public in the decade its been out. Crazy!
He’s so confident
Too confident
@@TaylorKnightCosplayProb downed a few glasses beforehand.
wow, that guy was sweating like crazy
Ok he’s a little bit of a weirdo but he didn’t do anything wrong here. Lot of hate for a guy that came in with a good offer. Sharks were hostile, which was typical of them back in the day.
This wine guy gives off a bad vibe
I’ve watched it so many times, the answer is NO even after he came back the second time 😅
whats the point of this comment?
STRAIGHT UP LIED about having the patent he liscensed it from someone in thats why he couldnt add it
Who the owned pi?
Dude looks like he just got out the shower. Cut the air on shark tank or maybe its nervous sweat 😂😂
Why is this a worst pitches comp? Dude was on point
Man has multiple million dollar deals with Kroger, target, and 7-11, and they value his patent at 600k? YEESH, thankfully he was smart enough to leave empty handed
10+ years later though. Can't leave that out. He did well, but I don't think the skepticism here is wrong. In the episode where he comes back, I don't think he really wanted to make a deal even though the sharks wanted in on the action more that time.
@@hughmungus7425 ofcourse the second time around he didnt want to make a deal. the sharks belittled him here on national televison even though he was so right about his strategy. just dont talk.
it obviously was going to be a good deal only for kevin because he becones the majority shareholder for the intellectual property and gets to control operations and whatever revolves around the usage of the intellectual property now goes to kevin, leaving him with less authority over the intellectual property and would in the future always require kevin’s consent to use it. Kevin knew what he was doing and why he made an offer for precisely for 51%
"Why separate the special sauce from the other parts of your business?"
I don't know, man. Why does Heinz ketchup sell ketchup instead of burgers with Heinz ketchup on them?
That is not a good comparison at all my dude lol. I see what you’re saying but bad example
Kevin was horribly wrong with this
also there biggest miss was ring door bell
He wasn't wrong, the dude wanted to grow his own wine business while kevin wanted to do a much bigger businesses with liencencing. Kevin isn't interested in a 2x 3x growth.
@@goyomojotech That's the problem with Shark Tank contestants. They come thinking they are getting help making their dream or passion bigger and it's ONLY about money. You aren't selling your idea you are selling potential profit for them, end of story.
This guy would be a billionaire if he took Kevin’s idea are you nuts
Kevin was 1000% right. He would have been much richer had he taken the deal
He blew it, but only because he didn’t exclusively own the patent. Typical snob who thought he had something no one else had, but was dead wrong.
he was super successful and he was right not to take kevins deal whether he owned the patent or not.
His company is currently worth 90 million. If he sold 20% of it for 600k (the offer that he was offering the sharks) he would be missing out on 17.4 million
@@jogiff he doesn't own it anymore, he sold it for 6 mil, and yea sure he might've made some cash, I don't think he ever said how much he put into it's development so we don't really know how much of that is actual profit vs recouping r&d, so really he missed out on something like 60+ million
Amazed that this was back in 2011 - the 2nd season of Shark Tank. Obviously my memory isn't good since I don't remember seeing this ep or when he returned in season 3. I only remember another guy who did well with a similar product of wine in a plastic glass but don't remember the name but he didn't get a deal (might have been dragon's den? idk).
PS: If someone could explain to me why Sony Pictures can also show Shark Tank episodes under their YT name it would be appreciated.
Simple - Sony Pictures TV have the rights to the show
It was called zips
How many more times can this be played 😢
This episode is ancient.
Sharks were being super greedy
I don't know how Kevin was thinking James would make a deal by the way he was talking to him at 8:37 💀
Drinking it right now. Tastes great and love the convenience!
$100,000,000 company.
And now they're do wine by the can.
Sucks was this season 1 or 2? He had to give shark tank 5%
re-upload
Knowing that this guy didn’t really own the patent explains why he wouldn’t do a deal on selling the patent.
What quality was this recording in?
This is I think the second year of shark tank, so they didn't have the technological digital producing capability they do now
160p
Quick tip: Don't wear a turtle neck in a pitch.
Can you guys please STOP reposting the same videos a couple months later???
He is not likeable and thats fine but the point is if he wants someone else's money then he has to be a bit more humble
This guy never wanted a deal. He came on only for publicity and to be obnoxious.
The product is nothing special, nothing proprietary.
It’s actually cheeper just to buy a bottle!!!
3:33 am watching shark tank
When is Daymond leaving?
smart
He sold the company for $5.9M
his giving 20% of his business,. but sharks is too greedy,.
now the company is worth 100million dollars,.
And he doesn’t own it anymore.
@@crablord8499wait what happened ?
The sharks that declare them selves out. Should not ever talk again After opting out..
You forget this show primary premise is entertainment. So no. Show runners know what they are doing in running such a successful show. More talking and more back and forth is what the audience wants.
What happened to this company?
It's still going today. It has a net worth of $70 million.
Saw those in a major resort 3-4 years ago
This dudes energy is off..
Why drink wine when you can drink code red? What’s wrong with you people?
He's sweating like a pig!
Post the second time he came back
Hi,I like shark tank so much I would love to be on it,I have a really good idea’s
Maybe Kevin should’ve bought 51% for 3 million at that time
I'm not buying it 😅
Who celebrates with wine😂
Me lol
Me
Me...... Daily
How many times are u gonna upload this L*ser
Just because you dress like Steve Jobs…doesn’t mean you are Steve Jobs.
Who dresses like Steve jobs
@@harryluteshi7487 The Copa Di Vino guy
4th
@neoanderson6308 You fool
47th comment