What Is Guzzle Buddy?
Guzzle Buddy is a patented wine glass that attaches to an open bottle of wine through a screw.
Guzzle Buddy eliminates the requirement for wine to be poured into a glass and the bottle corked and uncorked.
The Guzzle Buddy is a very easy-to-use device for wine lovers. You need to plug it in and begin taking your drink.
Guzzle Buddy is the perfect option for people who don’t like to pour wine from the bottle into their glasses.
It is simple to drink from the wine bottle after screwing on the patented glass-shaped top. There is no need for clean-up.
|Company Name||Guzzle Buddy|
|Entrepreneur||Randy Rothfus and Jennifer Sullivan|
|Product||Wine Bottle Drink Accessories|
|Investment Asking For||$400,000 for 10% equity in Guzzle Buddy|
|Final Deal||$400,000 for 25% equity in Guzzle Buddy|
|Episode||Season 9 Episode 18|
|Business Status||In Business|
Who Is The Founder Of Guzzle Buddy?
Randy Rothfus and Jennifer Sullivan are the co-founders of Guzzle Buddy, a sister and brother-in-law team.
They played together as children. They have remained friends ever since. Wine is one of their favorite drinks, so they looked for a fun and classy way to drink it straight from the bottle.
Jennifer came up with the idea for the business while watching a sitcom one night. She saw the main character drink wine from a bottle. This bottle appeared to be attached to a glass strangely.
She and Randy were surprised that it wasn’t there. They spent hours searching the internet for the product’s name.
They both liked the idea, so they decided to make their own. It took a long time to create the Guzzle Buddy, and a lot of work went into it.
You can choose from nine different shapes and designs made of borosilicate glass, and there are three different sizes to choose from.
Guzzle Buddy was a huge success on Amazon because it was so easy to use and plug and drink.
After just a few days on the website, the company sold its entire inventory.
They promptly turned it into a full-time job after realizing how well it worked and how much more could be added.
They talked about it on TV shows and in magazines, and soon after, they were shipping it all over the world because people were so excited about it.
Guzzle Buddy Before Shark Tank
According to their website, the Guzzle Buddy is for wine lovers and makes drinking from a bottle more classy, as you can drink it straight from the bottle.
Her inspiration came from an old sitcom episode where a character drank wine from a glass attached to a wine bottle.
After seeing how one of the characters drank from a glass attached to a bottle, she got the idea.
She then searched on the Internet for the product because she was curious. Randy and she could not find anything similar. They decided to make it themselves since they saw it as a chance.
They created the Guzzle Buddy after many hours of hard work. This was a fun gadget that was made from borosilicate glass. People could drink right from the bottle.
You can easily put it in a wine bottle. This will allow the liquid to flow freely into a glass.
GuzzleBuddle.com was later set up after the product was ready. They also put it on Amazon to make even more money.
When they saw how quickly it spread, they didn’t expect it to be so popular so quickly! This product was a big hit, and the pair sold out of all their stock in three days.
After seeing the product’s potential, they decided to dedicate themselves full-time to its development.
Guzzle Buddy gained a lot of attention over the next few weeks. Many newspapers and television programs covered it. In addition, it was included in the United Airlines Gift Guide for 2016.
The product was shipped to countries worldwide for a short time. They received most of their orders from the U.S., Canada, and the United Kingdom. After a few months, they sold over one million wine glasses.
It was announced shortly after that the popular ABC show Shark Tank would let the show’s creators show off their products to a group of businesspeople.
The Guzzle Buddy wine glass was first shown in Episode 18 of Season 9, which aired on January 21, 2018. The episode featured the glass.
How Was The Shark Tank Pitch Of Guzzle Buddy?
Jennifer and Randy, the founders of Guzzle Buddy, appeared on Shark Tank requesting an investment of $400,000 for 10% of Guzzle Buddy.
Daymond offers $400,000 for 25%, and they come back with $400,000 for 20% of Guzzle Buddy.
Daymond is the one they choose. They then choose to go with Daymond instead of Lori, who offers them a $400,000 line of credit.
Final Deal: Daymond John agreed to invest $400,000 for a 25% equity in Guzzle Buddy.
What Happened To Guzzle Buddy After Shark Tank?
Following the telecast, the company announced the Guzzle Buddy Beer Bottle, a beer-specific glass variant. This bottle can be purchased for $19.99 on the company’s website.
Prices appear to have since been reduced, perhaps to increase the market for their items.
Guzzle Buddy Wine Bottle glasses had previously retailed for $24.99; they are now available for $19.99. The company is also offering beer and wine bottle glasses made of plastic.
The Guzzle Buddy 2GO is made of Tritan copolyester plastic. It offers individuals the convenience of having their drinks with them as there is no risk of breaking the container.
They are currently $14.99 each, slightly less than their glass counterparts. There have been nothing but rave reviews for the Guzzle Buddy regarding user feedback.
Amazon, for example, has given the wine glass a 4.5-star rating based on about 500 reviews. Most people appear satisfied with their purchase based on carefully examining the reviews.
There have been arguments that it is impractical, but the overwhelming opinion seems to be that it is a fun gadget.
Additionally to its website and Amazon, the product is now available at retailers around the United States, such as Walmart, Kmart, Brookstone, and Joyus.
If anything, its increased accessibility has increased its appeal. It is unclear whether the Guzzle Buddy will be available outside of the United States.
Guzzle Buddy Shark Tank Update
Following the airing of the episode of Shark Tank, Guzzle Buddy announced that it is now able to personalize its product with humorous sayings, photos, and/or business logos.
You can also purchase the plastic version of Guzzle Buddy on the market. Moreover, Guzzle Buddy also offers Customized gifts.
Guzzle Buddy has lowered its prices in response to introducing several knockoffs.
Guzzle Buddy is still in business and makes $2 million as of 2022.
Is Guzzle Buddy Still In Business?
Guzzle Budy is still in business as of 2022, with annual revenue of $2 million.
After the Shark Tank episode aired, the manufacturer of Guzzle Buddy said that it could customize the device with humorous sayings, graphics, and corporate logos. Guzzle Buddy now comes in a plastic version as well.
What Is the Net Worth Of Guzzle Buddy?
The valuation of Guzzle Buddy was $4 million when it was pitched on Shark Tank. The net worth of Guzzle Buddy is $2 million as of 2022.