During the season premiere of Shark Tank Season 15 best friends Kevin Klein and Josh Green pitched their canned wine.
PIE Wine is a delightful, sweet, and sparkling wine that is the perfect companion for pizza.
Did PIE Wine get a deal on Shark Tank?
Find out all the details in our PIE Wine Shark Tank update and pitch recap…
If you’re short on time, here’s a quick overview of what happened to PIE Wine after Shark Tank:
Quick Summary
Kevin Klein and Josh Green appeared on Shark Tank Season 15 but were unable to secure a deal. Regarding the PIE Wine Shark Tank update, the company is still in business and appears to be thriving as it gradually enters the market. Currently, the company relies on local third-party carriers who are authorized to deliver shipments directly to customers.
Table of Contents
Pie Wine On Shark Tank
| Shark | Result |
| Mark Cuban | No Offer |
| Kevin O’Leary | No Offer |
| Daymond John | No Offer |
| Candace Nelson | No Offer |
| Lori Greiner | No Offer |
Pie Wine Shark Tank Deal
- Business: Canned sweet wine, that pairs with pizza
- Entrepreneurs: Kevin Klein and Josh Green
- Asked For: $200,000 for 7.5% equity
- Shark Tank Deal: No deal
- Shark: None
Pie Wine Company Info
Pie Wine Overview
PIE Wine is an innovative canned wine that aims to bring together two of the world’s favorite indulgences: pizza and wine. Specifically, it offers a sweet, sparkling wine that pairs perfectly with the savory flavors of pizza.
Inspired by the Italian tradition of pairing pizza with Lambrusco, a slightly bubbly and sweet wine, PIE Wine is a modern twist on an old favorite.
The product comes in three distinct varieties: Red, Sweet Za, and Crisp White, all in convenient cans, making them perfect for casual meals, outdoor events, and parties.
With the catchy tagline “Born in Italy, Perfected in California,” PIE Wine promises a fusion of traditional Italian flavors and the laid-back, fun vibes of California.
The brand’s premise is simple yet effective: offer a high-quality wine that can be enjoyed on its own or alongside a pizza slice.
Pie Wine Shark Tank Pitch Recap
Kevin Klein and Josh Green, the co-founders of PIE Wine, kicked off their pitch in a lively and entertaining manner.
Their goal was clear: to introduce the Sharks to their innovative canned wine brand that pairs perfectly with pizza.
To make their case stronger, the duo shared their reasoning behind the creation of PIE Wine, which centers around a time-honored Italian tradition.
The Concept Behind PIE Wine
Josh and Kevin explained that the idea behind PIE Wine was inspired by an age-old Italian pairing: pizza and Lambrusco. Italians have known for generations that Lambrusco, a sweet and slightly bubbly red wine, is the perfect complement to pizza.
This belief is what laid the foundation for their product. To drive the point home, they introduced their tagline: “Born in Italy, Perfected in California.”
Their pitch included samples of both PIE Wine and pizza, demonstrating how well the product pairs with the food.
The duo emphasized that this sparkling wine was made with pizza lovers in mind, and they were eager to share this creation with the Sharks.
Early Success and Growing Demand
PIE Wine was a relatively new brand at the time of the Shark Tank pitch. The company had only been launched two weeks before filming, but the founders were already seeing significant traction.
They had secured distribution in eight states and had commitments from distributors for between $300,000 to $400,000 in sales. Additionally, the duo was in talks with distributors across 18 more states, further expanding their reach.
Kevin and Josh were also projecting strong sales numbers, with expectations to generate over $500,000 in the next 30 days. Looking ahead, they estimated that PIE Wine could reach $1.5 million in sales by the end of the year.
Despite the rapid growth, the company was still in its infancy, and they were keen to take it to the next level with the help of a Shark.
The Entrepreneurs’ Background and Investment
When questioned about their full-time commitment to PIE Wine, Kevin and Josh clarified that they were not entirely dedicated to the venture.
Kevin, a morning radio host on K-Rock in Los Angeles, and Josh, who had a background in investment banking and managed one of the largest computer gaming companies in the U.S., both held other jobs.
However, they assured the Sharks that they were 100% committed to making PIE Wine a success and had already invested over $300,000 into the business.
Each can of PIE Wine cost $1.50 to produce, and the partners were working to lower the cost to $1.25 as production scaled. They planned to sell each can to distributors for $3.25, leaving a healthy margin that would allow them to reinvest in their business.
Sharks’ Reactions and Offers For Pie Wine Shark Tank Pitch
Kevin O’Leary
Kevin O’Leary, who is known for his love of business data and market trends, was the first to weigh in. He expressed his admiration for the product, especially given the expanding market for sparkling wines.
However, Kevin’s own ventures presented a conflict of interest. He was in the process of launching his own wine brand, so he ultimately decided to pass on the opportunity.
His comment made it clear that while he liked the product, his personal commitments made it impossible for him to invest.
Mark Cuban
Next, Mark Cuban shared his thoughts. He also praised the product, acknowledging that it had a lot of potential. However, Mark had his own brand of beverages, BeatBox Beverages, which created a conflict of interest.
He confirmed that despite his appreciation for PIE Wine, he would not be able to invest. Like Kevin, Mark’s decision came down to business conflicts, which led him to bow out of the negotiations.
Daymond John
Daymond John, known for his fashion empire, expressed some reservations about the business model. While he acknowledged that PIE Wine had promise, he admitted that he wasn’t sure how he could add value to the business.
He recognized the product’s appeal but felt that there were too many competitors in the space, including other Sharks with their own beverage brands. As a result, Daymond chose to step out of the deal.
Lori Greiner
Lori Greiner, the Queen of QVC, also had some concerns about the business’s early stage. While she was impressed by the concept and the passion of the entrepreneurs, she felt that it was too early in the company’s life cycle for her to make an investment.
She conveyed her respect for the duo but ultimately decided to pass.
Candace Nelson
Finally, Candace Nelson, the guest Shark and founder of Sprinkles Cupcakes, weighed in. She found the product and branding fun and appealing, noting that the concept of a pizza and wine pairing was creative and unique.
However, Candace felt that the market for canned wine paired with pizza was a bit too niche. Despite Kevin’s attempt to charm her by sharing the heartwarming story of how he proposed to his wife with a Sprinkles cupcake, Candace was firm in her decision and decided that it wasn’t the right investment for her.
PIE Wine Shark Tank Deal
In a last-ditch effort to seal a deal, Josh made an offer to the Sharks. He proposed that if the Sharks were not satisfied with the deal after one year, the two partners would buy them out.
This was a bold move that showcased the duo’s commitment to their brand and their willingness to negotiate.
However, Daymond quickly pointed out that there were simply too many competitors in the space, including some of the Sharks themselves, making this offer less attractive.
With that, Daymond, like the others, chose to bow out.
With all the Sharks out, Kevin and Josh had to leave the Shark Tank without a deal. Despite their optimism and impressive pitch, the Sharks weren’t convinced that PIE Wine was the right investment for them at this stage.
What actually happened to PIE Wine following the Shark Tank Show? Keep reading our PIE Wine update to find it out!
Pie Wine Shark Tank Update: What Happened To PIE Wine?
So, what happened to PIE Wine after Shark Tank?
According to the latest PIE Wine Shark Tank Update: PIE Wine continued to forge ahead, determined to make a name for itself in the crowded sparkling wine market after their appearance on Shark Tank.
While details on their exact sales figures remain scarce, there are a few key updates that provide a glimpse into the brand’s progress.
Currently, PIE Wine is available for purchase directly through their website, where customers can pre-order the products.
The three available options—Red, Sweet Za, and Crisp White—are offered in 4-packs for $20 or 12-packs for $60. The website also offers merchandise for loyal PIE Wine fans, expanding the brand’s presence beyond just the wine itself.
However, it’s worth noting that shipping may be delayed due to the pre-sale status of the products. Despite this, the brand’s commitment to delivering a fun, convenient wine experience remains intact.
Though the company may not have secured a deal with the sharks, PIE Wine has been able to maintain its momentum and continue building its customer base.
With its unique niche of combining sparkling wine with pizza, PIE Wine has the potential to carve out a loyal following among consumers who enjoy both products.
Pie Wine Net Worth
During their appearance on Shark Tank, Josh and Kevin valued PIE Wine at $3 million, seeking an investment in exchange for a 10% equity stake.
At the time of the pitch, the company had been in operation for only two weeks, but they had already secured distribution in eight states, projected to make over $500,000 in sales within 30 days, and expected to reach $1.5 million by year-end.
Their impressive early traction and strong distributor commitments helped support this valuation, despite not securing a deal with the Sharks.
Since then, PIE Wine’s continued growth, including talks with distributors in 18 additional states, suggests that the company has likely surpassed their initial projections.
With the expanding canned wine market and a solid product, PIE Wine’s estimated net worth today could be significantly higher than their Shark Tank valuation, potentially reaching $5 million or more, depending on their continued success in scaling operations and expanding distribution.
Did Pie Wine Get A Deal On Shark Tank?
Despite a compelling pitch and strong initial traction, PIE Wine did not secure a deal on Shark Tank.
Kevin and Josh, the founders, sought $300,000 in exchange for 10% equity, but the Sharks ultimately passed on the opportunity.
Although Kevin O’Leary, Mark Cuban, and the other Sharks were impressed with the product, they cited various conflicts of interest, such as O’Leary’s own sparkling wine venture and Cuban’s involvement with BeatBox Beverages.
The entrepreneurs made a final offer to buy out the Sharks after one year if they weren’t satisfied with the deal, but this did not sway the investors.
Despite leaving the show without a deal, PIE Wine’s founders remained optimistic. They had already made significant strides in securing distribution agreements and were projecting strong sales figures, showing that they were poised for success even without the backing of a Shark.
Is PIE Wine Still In Business?
Yes, PIE Wine is still in business. Although they did not secure a deal on Shark Tank, Josh and Kevin have continued to grow their company.
Since their appearance, PIE Wine has expanded its distribution, now available in multiple states and through online sales. Their website offers the product for direct purchase, although it appears to be in pre-sale stages as of the latest update, suggesting that they are still working on fulfilling orders and scaling operations.
Despite the challenges of entering a competitive market, PIE Wine has managed to carve out a niche with its sweet, sparkling wines that pair well with pizza. The brand’s unique approach, combining Italian tradition with California production, has resonated with consumers, and the company is still actively selling their products.
As they continue to refine production and expand their distribution network, PIE Wine seems poised for further growth and success.
Pie Wine Review
PIE Wine offers a unique product that stands out in the canned wine market. Known for its sweet and slightly bubbly taste, PIE Wine is designed to complement pizza, drawing inspiration from Italy’s Lambrusco wine.
The wine comes in three varieties: Red, Sweet Za, and Crisp White, all of which are available in convenient 4-packs and 12-packs. Customers have praised its fun branding and refreshing taste, making it a hit for casual gatherings and pizza nights.
However, some might find the concept of canned wine niche, as it primarily targets wine lovers who are looking for something light and easy to enjoy with food.
Despite the potential appeal to a specific market, PIE Wine has received mixed reactions in terms of pricing. At $20 for a 4-pack and $60 for a 12-pack, it may be seen as expensive compared to traditional wine or other canned beverages.
Nevertheless, the quality of the wine and the innovative concept behind PIE Wine have contributed to its success, with positive feedback on both the product and the brand’s playful approach to pairing wine with pizza.
Overall, PIE Wine offers an enjoyable and quirky option for those looking to explore new wine experiences.
Where To Buy PIE Wine?
PIE Wine is available for purchase directly through their official website, where customers can order their canned wines in a variety of packs. The available options include 4-packs for $20 and 12-packs for $60, offering a mix of their popular Red, Sweet Za, and Crisp White flavors.
While the wines are available for pre-sale, customers can expect to receive their orders once the products are shipped.
As PIE Wine continues to grow, the brand is also expanding its distribution network. The company has secured retail and distributor partnerships in multiple states, with plans to make their products available in even more locations soon.
For now, the best way to get your hands on PIE Wine is by visiting their website and placing an order online.
Future Prospects of Pie Wine
The future of PIE Wine looks bright, though there are several hurdles the brand must overcome to succeed. While the company faces strong competition in the sparkling wine industry, its niche appeal could give it an edge, especially among younger consumers who are looking for new, fun ways to enjoy wine.
The wine industry is continually evolving, and trends indicate that sparkling wines, especially those in canned formats, are gaining in popularity. With pizza being a globally beloved dish, PIE Wine has an opportunity to tap into this established market by providing a product that perfectly complements pizza night.
As the brand continues to expand its distribution network and refine its production process, the founders remain optimistic about PIE Wine’s future.
They are likely to continue investing in marketing and scaling up production to meet the growing demand.
FAQs On Pie Wine Shark Tank Update
Who Is The Owner of PIE Wine?
The owners of PIE Wine are Kevin Klein and Josh Green, who co-founded the company. Kevin is a morning radio host at K-Rock in Los Angeles, while Josh has a background in investment banking and runs one of the largest computer gaming companies in the country. Together, they launched PIE Wine with a mission to pair wine perfectly with pizza.
Did PIE Wine Get A Deal From Shark Tank?
No, PIE Wine did not secure a deal on Shark Tank. Despite receiving positive feedback from the Sharks, the entrepreneurs were unable to convince them to invest due to concerns about market competition and the niche nature of their product. As a result, they left the show without a deal.
Is PIE Wine Still In Business?
Yes, PIE Wine is still in business. Despite not securing a deal on Shark Tank, the company has continued to grow, expanding its distribution and offering its products for sale online. Their unique canned wine is available in multiple states and through pre-sale orders on their website.
What Happened To PIE Wine On Shark Tank?
On Shark Tank, PIE Wine did not secure a deal with any of the Sharks. Despite impressing the panel with their unique product and strong sales projections, the entrepreneurs faced challenges due to competition and market concerns. However, they continue to grow their business and have expanded distribution since the show.
Does PIE Wine Have Alcohol In It?
Yes, PIE Wine does contain alcohol. It is a sweet and sparkling wine made with Lambrusco, an Italian wine known for its slightly bubbly and fruity taste, making it a perfect pairing for pizza. The alcohol content is similar to most wines, typically around 12% ABV.
Conclusion: Pie Wine After Shark Tank
According to our PIE Wine Shark Tank Update: PIE Wine’s journey on Shark Tank may not have resulted in an investment from the sharks, but the brand has managed to maintain its growth post-appearance.
The product’s unique combination of sweet, sparkling wine with pizza sets it apart in a competitive market, and its fun, quirky branding has gained attention from consumers.
As of now, PIE Wine is still available for pre-order online, and though shipping delays may affect immediate availability, the brand is poised to expand further.
Whether or not it will break into mainstream retail depends on how well Kevin and Josh can capitalize on the market’s growing interest in canned sparkling wines.
For now, PIE Wine is a brand to watch. As more updates on their progress become available, we’ll keep you informed about this sparkling startup’s success.
Stay tuned for the latest Pie Wine Shark Tank update as this exciting business continues to evolve.
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