ProntoBev Shark Tank Update

ProntoBev Shark Tank Pitch

Alexander Simone appeared on Shark Tank Season 9, Episode 11, which aired on November 11, 2017, with wine chilling device.

ProntoBev is listed in the Accessories Gadgets category. In plain terms, the business is described as wine chilling device.

ProntoBev asked the Sharks for $100,000 for 5%, implying a valuation of about $2 million.

On the show, ProntoBev made a listed deal with Mark Cuban for $100,000 for 25%.

If treated as straight equity, the listed deal works out to about $400,000 implied valuation, down from the original $2 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

ProntoBev After Shark Tank

ProntoBev's on-air deal did not close, and the company became one of the season's messier crowdfunding outcomes. (ProntoBev Shark Tank Update

Later updates described dark social media, an unresolved preorder page and unhappy IndieGoGo backers asking for refunds. (ProntoBev Shark Tank Update

By April 2024, public updates still found no fulfillment activity and no clear way to buy the product, so I left the current status as unknown rather than treating it as an active beverage accessory business. (ProntoBev Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches