FlyWithWine Shark Tank Update | FlyWithWine Net Worth

FlyWithWine is a company that has carved a niche in the wine travel industry with its innovative products designed to transport wine safely and stylishly. 

FlyWithWine’s VinGardeValise (VGV) suitcase is a standout offering designed to solve the problem wine enthusiasts with wine bottles face.

The VGV suitcase is durable and luxurious, integrating specialized foam inserts that cradle each bottle securely, reducing the risk of breakage. This feature makes it an ideal choice for those looking to bring home their favorite wines from trips without the fear of damage.

Apart from suitcases, FlyWithWine also offers a range of other travel-focused wine storage solutions. These include backpacks, box carriers, and glass-carrying cases, all designed with the same attention to protection and ease of use. 

The company provides accessories like chiller sheets and bottle opener sets to complement these storage options and enhance the wine travel experience.

FlyWithWine’s products combine functionality with design to make them an excellent choice. They cater specifically to wine lovers’ needs who value both their wine’s integrity and travel convenience. 

The VGV suitcase, for example, not only ensures the safe transportation of wine bottles but also adheres to airline regulations for check-in luggage, making it a seamless addition to any trip to wine country.

With its innovative approach and specialized products, FlyWithWine has positioned itself as a leader in wine travel accessories, offering practical and desirable solutions for consumers who want to protect their precious cargo. 

FlyWithWine appearance on Season 15, Episode 09 of Shark Tank showcases their dedication to expanding their reach in this unique market segment.

Company NameFlyWithWine
EntrepreneurRon Scharman and Ryan Neergard
Product / BusinessTransport luggage for wine
Investment Asking For$500,000 for 8% equity in FlyWithWine
Final DealNo Deal
SharkNo Shark
FlyWithWine Episode Season 15, Episode 09
FlyWithWine Business StatusIn Business
FlyWithWine WebsiteVisit Website
FlyWithWine’s Net Worth$3 Million

What Is FlyWithWine?

FlyWithWine is a travel-focused brand offering a range of specialized products designed for wine enthusiasts who wish to transport their favorite bottles while traveling safely.

The brand’s product line includes innovative solutions such as the VinGardeValise® luxury wine suitcases, wine carrying cases, and accessories to protect bottles during flights and transit.

FlyWithWine Shark Tank Update | FlyWithWine Net Worth

FlyWithWine presents unique lifestyle items like the limited edition Monopoly – Napa Valley game. With durable materials and thoughtful designs, FlyWithWine caters to the needs of wine lovers, from casual drinkers to serious collectors, ensuring their cherished beverages arrive intact and ready to enjoy, no matter the destination.

Who Is The Founder Of FlyWithWine?

The founders of FlyWithWine are Ron Scharman and Ryan Neergaard. They combined their extensive expertise in the wine industry and destination tourism marketing to create a solution for transporting wine safely by air.

Background of the Founders

Ron Scharman

  • Education: Holds an MBA in Finance and a B.S. in Agricultural Economics from Cornell University.
  • Experience: Over two decades in the wine industry, with significant roles in New Vine Logistics, eWinery Solutions, and VinoVisit.
  • Role at FlyWithWine: CEO and Chief Marketing Strategist, providing a blend of entrepreneurship, passion for travel and culture, driving the company’s success.

Ryan Neergaard

  • Education: Earned a Sommelier Certificate from the Court of Master Sommeliers.
  • Experience: Over a decade in the wine industry and tourism marketing, with roots in Napa’s prestigious dining scene.
  • Role at FlyWithWine: Director of Business Development, focusing on strategic growth, innovative sales strategies, and improving travel experiences for wine lovers.

Conception of FlyWithWine

The idea for FlyWithWine was born out of the need to transport wine safely and securely by air. The founders’ backgrounds provided the perfect combination of skills and experience to address this unique challenge, leading to the development of the VinGardeValise, a specialized wine suitcase designed to protect bottles during flights.

FlyWithWine Before Shark Tank

Before appearing on Shark Tank, FlyWithWine experienced significant growth. The company’s flagship product, the VinGardeValise, became popular for its adaptability and functionality. 

The product line expanded to include the VinXplorer Wine and Beverage backpacks, catering to active lifestyle enthusiasts. 

FlyWithWine’s market presence grew internationally, with products available in wineries, distilleries, luxury retailers, and airport shops, on their website, and in the Amazon store. 

The brand established itself as a leader in the personal transportation of alcoholic beverages, setting the stage for its appearance on Shark Tank Season 15, Episode 8.

How Was The Shark Tank Pitch Of FlyWithWine?

The Shark Tank pitch for FlyWithWine by Ron Scharman and Ryan Neergaard was an engaging presentation where the entrepreneurs showcased their specialized luggage designed to transport bottles of wine safely. 

They entered the tank seeking a $500,000 investment in exchange for 8% equity in their company.

FlyWithWine’s product, the VinGardeValise, is a suitcase available in three sizes that can accommodate 3, 5, or 8 wine bottles, with additional space for clothes and personal items. The removable inserts make the luggage versatile for everyday travel. 

They also introduced the VinXplorer, a backpack with a bladder pouch for carrying up to two bottles of wine.

FlyWithWine Shark Tank Update | FlyWithWine Net Worth

Despite impressive lifetime sales of $19 million and a strong year-to-date figure of $2.3 million, the company was consistently losing money due to high advertising costs and reinvestments back into the company. 

The founders also took salaries of $150,000 each and faced hardships during COVID-19, adding to their financial challenges.

The Sharks had various concerns about the business. Mark Cuban saw scalability issues. Robert Herjavec and Emma Grede hesitated about the licensing agreement and its implications. 

Lori Greiner was worried about profitability, and Kevin O’Leary was concerned about the valuation and the financial losses.

Ultimately, none of the Sharks made an offer, and Ron and Ryan left without a deal.

However, the company saw a significant sales increase post-show and has plans to expand into national retail accounts and duty-free stores in 2024.

Below is a summary table of the outcomes from each Shark:

Shark’s NameInvestment OfferedCounter Offer by FoundersFinal Deal Accepted
Mark CubanNo offerN/ANo deal
Kevin O’LearyNo offerN/ANo deal
Robert HerjavecNo offerN/ANo deal
Lori GreinerNo offerN/ANo deal
Emma GredeNo offerN/ANo deal

Despite not securing a deal on Shark Tank, FlyWithWine continues to operate and grow its business, according to their latest update.

Did FlyWithWine Get a Deal on Shark Tank?

No, FlyWithWine did not secure a deal on Shark Tank. The founders, Ron Scharman and Ryan Neergard pitched their wine transport luggage business in Season 15, Episode 9, but they did not obtain an investment from any of the Sharks.

Despite presenting their product and discussing their sales figures and business strategies, they left the show without a partnership. FlyWithWine continues to operate and sell its products after its Shark Tank appearance.

What Happened To FlyWithWine After Shark Tank?

After appearing on the 9th episode of Shark Tank’s 15th season, FlyWithWine experienced a significant business and brand recognition boost. 

The company, known for its innovative wine travel solutions, capitalized on the Shark Tank effect, often leading to increased sales and interest from consumers and investors.

FlyWithWine leveraged the exposure from Shark Tank to expand its operations internationally, establishing warehouses in Canada, Europe, the U.K., Australia, and Brazil. This expansion catered to the growing demand for their products and reduced shipping times and costs for international customers.

The company continued to innovate, introducing new products such as the FlywithWine Personal Wine & Spirits Carrier in 2023. This addition complemented their existing range of wine suitcases, glass cases, and the VinXplorer Wine and Beverage backpacks.

FlyWithWine used strategic marketing to enhance product visibility through Duty-Free and airport retail programs. They also focused on building an online presence and leveraging social media to engage with a broader audience of wine enthusiasts and travelers.

The brand received enthusiastic reviews for its products, cementing its position as a popular choice among consumers. FlyWithWine’s commitment to balancing efficiency with luxury appealed to a market looking for high-quality travel solutions for their beverages.

Despite the premium nature of their products, FlyWithWine maintained accessible pricing. For example, their 5-bottle suitcase was priced at $289.95, while the 2-bottle personal carrying case was available for $129.95, offering options for different needs and budgets.

Post-Shark Tank, FlyWithWine, has positioned itself for sustained success with continuous product innovation and a focus on meeting the needs of a discerning clientele. The company’s trajectory indicates ongoing growth and a strong brand reputation in the wine travel accessories market.

FlyWithWine Shark Tank Update

FlyWithWine, known for its VinGardeValise suitcase designed to protect wine bottles during travel, experienced key developments following their appearance on Shark Tank Season 15.

Although the founders Ronald Scharman and Ryan Neergaard did not secure a deal, with the Sharks expressing concerns about primary investor control and underwhelming profits despite $19 million in lifetime sales, the company still anticipated a sales boost, especially in the lead-up to Christmas.

The exposure from Shark Tank helped FlyWithWine gain attention, which likely contributed to increased brand recognition and interest in their products, including the VinGardeValise suitcases and the newer VinXplorer backpacks.

FlyWithWine Shark Tank Update | FlyWithWine Net Worth

With availability in over 500 locations, including high-end retailers like Macy’s, Neiman Marcus, and Williams Sonoma, plus their online presence on Amazon and FlyWithWine.com, the company has positioned itself for growth.

Post-Shark Tank, the founders shared ambitions to expand their product line with more innovations for wine transportation by air and land within the next six months. The $379.95 suitcase has been a top seller on Amazon, boasting a 4.7-star rating from 123 reviews.

Despite not getting a Shark Tank deal, FlyWithWine’s estimated worth of $3 million and expansion plans suggest resilience and potential for future success in the wine accessory market.

Is FlyWithWine Still In Business?

Yes, FlyWithWine is still in business and thriving after appearing on Shark Tank. The company, headquartered in Napa, California, continues to serve customers in various international markets, including Canada, Europe, the UK, Australia, and Brazil.

Despite the competitive landscape of the wine industry and the challenges in personal wine transport safety, FlyWithWine maintains its presence by offering a range of products, such as luggage designed for safely transporting wine, beer, and spirits, as well as accessories like suitcases, backpacks, and wine storage solutions. 

Their commitment to solving the issue of wine transport for travelers remains at the core of their business model.

What Is the Net Worth Of FlyWithWine?

Our research shows FlyWithWine’s estimated net worth is $3 million. The valuation of FlyWithWine was presented as $6.25 million when appearing on Shark Tank.

Also, read about other businesses that appeared in episode 09 of season 15 of Shark Tank:

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