Wine and Design Shark Tank Tale

Shark Tank Pitch Recap

In Season 8 Episode 24, Patrick and Harriet Mills appeared on Shark Tank seeking $500,000 for 10% of their paint and sip experience, Wine and Design.

Here’s a quick recap before we dive into the Wine and Design Shark Tank update.

• : He congratulates them on their accomplishments but remarks that even if they grew their franchise 10 times, they still wouldn’t make enough money to return his investment.
  Out
• : “The only way this makes sense for an investor is if someone buys the whole company.
  
• : She believes there’s a lot of competition out there and their valuation is too much.
  Out
• : She’s concerned about how far they can grow in such a crowded business.
  Out
• : He likes the business as it fits into his portfolio of other wine businesses.
  Offer: $150K for 10% equity + $350K line of credit at 12% interest.
• :
  Offer: $500K for 33%