|SEASON 3 EPISODE 4|
|Pitch||Air bulb pump for wine preservation|
|Asked For||$40,000 for 30%|
|Deal||$400,000 for 100%|
|Shark||Mark Cuban and Lori Greiner|
What is Wine Balloon?
The Wine Balloon is a simple tube and pump operation that fills the space in the wine bottle neck and stops air from entering the bottle. The device uses a hand pump shaped like a grape bunch which is attached to a tube with an inflatable balloon at the end.
Who Owns Wine Balloon?
Eric Corti has been a leader in the commercial construction business for over 30 years. He currently serves as the COO for Structure First in Cincinnati, OH. Structure First functions as a client management liaison to construct financial facilities. Eric holds a BS in Building Construction Management from Purdue University.
Eric and his wife Lisa loved to savor a good bottle of wine, but that meant they usually didn’t finish the bottle in one sitting. However, without a good way to seal the wine, the Cortis found that leftovers wouldn’t keep well. Eric had an epiphany one day and fashioned a temporary stop by cutting up a blood pressure cuff and attaching a balloon to the end. After a device test, with Lisa tasting the stored wine, they discovered that his invention worked. What followed was a new business venture where the Wine Balloon was born. After some attempts to find investors and sell the product on their own, in 2018, Eric joined a partnership with some individuals in the food industry. They re-branded the Wine Balloon, and named it the Air Cork. The Air Cork has since become highly successful through retail and online sales as well as wineries.