Bee D’Vine Shark Tank Net Worth 2023

Bee D’Vine Shark Tank Net Worth

As of February 2023, Bee D’vine’s net worth is estimated to be around $1.2 million.

Bee D’vine, a sustainable-produced, barrel-aged honey wine brand from Sonoma Valley, appeared on Shark Tank Season 12 Episode 5 in November 2021.

The founder, Ayele Solomon, asked the Sharks for $750,000 for 20% equity in his company and received an offer of $750,000 for 40% equity from four Sharks. This resulted in a valuation of $1.8 million for Bee D’vine.

Since appearing on Shark Tank, Bee D’vine’s sales have increased and the company has become more popular.  The company has also released new wine varietals made from honey harvested in specific regions around the world.

Despite most of their wine offerings currently sold out, customers can still order available wines on Bee D’Vine’s official website.

What is Bee D’Vine? Who is the Founder of Bee D’Vine?

Bee D’Vine produces honey wines using spring water and honey instead of grapes. These wines are aged in barrels for a minimum of 15 months and have an alcohol content of approximately 17%, which varies depending on the type, such as Brut, Demi-Sec, or Reserve.

Bee D’Vine is highly eco-friendly and doesn’t require large vineyards, irrigation, or any other traditional vineyard features.

Solomon, the founder of Bee D’Vine, has a long-term goal of sourcing wild honey from rainforests worldwide to generate jobs and promote conservation.

Based in Napa Valley, Bee D’Vine launched a wine-tasting area in San Francisco’s Ferry Building in December 2019. A 750 mL bottle costs $49, a 350 mL bottle costs $29, and limited edition wines are available for $349 for a 3-liter bottle.

Part of Bee D’Vine’s profits goes to the Kafa village in Ethiopia, where they assist with transitioning to modern beehives to produce more honey. This additional revenue benefits the Kafa community and supports the preservation of Kafa trees.

Before founding Bee D’Vine, Ayele Solomon concentrated mainly on environmental conservation. He has been the founder and winemaker of Bee D’Vine for around thirteen years.

His professional interests include entrepreneurship, development and environmental financing, and economic, social, and environmental justice concerns.

Ayele Solomon’s passion for environmental and resource conservation began in 2009 while trekking through the rainforests of Ethiopia’s Kafa Province.

He discovered that increasing the perceived value of trees, it could incentivize local people to conserve them.

The Kafa Province has mostly blooming trees that produce nectar and pollen for bees to make honey, and since honey wine is Ethiopia’s national drink, Ayele became inspired to learn more about it. Upon returning to California, he founded Bee D’Vine, a honey wine company.

Bee D’Vine Shark Tank Pitch

Ayele made an appearance on Season 12 Episode 5 of the ABC Shark Tank show, seeking a $750,000 investment for a 20% stake in his winery. This would value the company at $3.75 million.

During the show, Ayele presented four wine samples to the Sharks, and they enjoyed them. Ayele disclosed that over the past six years, his winery had only generated $400,000 in sales.

However, in the previous year, Bee D’Vine wine had generated $115,000 in sales, indicating that the business was heading in the right direction.

This caught the interest of all the Sharks, except for Kevin O’Leary, who was already involved in the wine industry. Ayele stated that the average bottle of Bee D’Vine wine sold for $39-$49, but only cost $5 to produce.

The Sharks suggested that the company create a more affordable wine, in the $15 range, to attract customers who were not willing to pay as much for a new brand of wine.

Following this recommendation, Mark Cuban, Lori Greiner, Robert Herjavec, and Daniel Lubetzky offered Ayele a $750,000 investment for a 40% stake in Bee D’Vine Honey Wine.

Each Shark would receive a 10% equity share. Ayele accepted their offer and was thrilled to partner with four successful Sharks.

However, the deal with Mark, Lori, Daniel, and Robert was never finalized. As of July 20, 2021, Bee D’Vine Honey Wine was still in operation and some of their wines were sold out and available for pre-order.

What is the Net Worth of Bee D’Vine?

Ayele appeared on Shark in search of $750,000 for a 20% stake in his winery. This translates to a $3.75 million valuation.

He accepted an offer from Mark, Lori, Robert, and Daniel of $750,000 for a 40% stake in the business which brings the valuation to $1.875 million.

Bee D’vine Shark Tank Updates

Bee D’vine is a honey wine brand from Sonoma Valley that appeared on Shark Tank Season 12 Episode 5. Founder Ayele Solomon asked the sharks for a $750,000 investment in exchange for a 20% equity stake.

After negotiation, Mark Cuban, Lori Greiner, Robert Herjavec, and Daniel Lubetzsky offered $750,000 for 40% equity, which Solomon accepted. This deal valued the company at $1.88 million.

Following the Shark Tank episode, Bee D’vine received a significant increase in publicity, and the company’s sales rose. Five out of ten wine offerings on the website were sold out.

Solomon hoped to expand Bee D’vine’s offerings to include more varietals and source honey from different locales around the world, including small farms in Ethiopia. In December 2019, Solomon opened The Honey Wine Bar in San Francisco.

As of November 2022, Bee D’vine is still in business, and its revenue information is not yet known. The company celebrated its 8th-year anniversary in May 2022. The Bee D’vine team is working tirelessly to fulfill Shark Tank, holiday, and Valentine orders.

The company’s environmental initiative, combined with its excellent products, helped attract four Sharks despite the company’s low sales.

A Summary Table for Bee D’Vine’s Shark

Description	Bee D’Vine Shark Tank Details
Net worth (Feb 2023)	$1.2 million
Shark Tank appearance	Season 12 Episode 5 in November 2021
Pitch	$750,000 for 20% equity
Offer	$750,000 for 40% equity from Mark Cuban, Lori Greiner, Robert Herjavec, and Daniel Lubetzky
Valuation	$1.8 million
Founder	Ayele Solomon
Sales	$400,000 over six years; $115,000 in 2020
Products	Honey wines aged in barrels for a minimum of 15 months; various types, including Brut, Demi-Sec, and Reserve
Cost per bottle	$49 for a 750 mL bottle; $29 for a 350 mL bottle; $349 for a 3-liter limited edition bottle
Eco-friendliness	Highly eco-friendly; doesn’t require large vineyards or irrigation
Social initiatives	Profits go to the Kafa village in Ethiopia to assist with modern beehives and the preservation of Kafa trees
Shark Tank deal	Not finalized

What Was The Outcome Of Bee D’vine’s Pitch On Shark Tank?

Bee D’Vine, a business that produces honey wine, appeared on Season 12 Episode 5 of Shark Tank, seeking a $750,000 investment in exchange for a 25% equity stake.

The founder, Ayele Solomon, presented four of his wines to the sharks, who all agreed that the product was of high quality.

The sharks were impressed with the company’s environmental initiative, which aimed to source wild honey from jungles around the world, creating jobs and promoting conservation. The sharks commended the initiative.

After some negotiation, Mark Cuban, Lori Greiner, Robert Herjavec, and Daniel Lubetzsky made a deal with Solomon for $750,000 for 40% equity. However, the deal never closed. As of July 2021, Bee D’Vine was still in business, but without any Shark Tank investors involved.

Despite low sales, the sharks saw the long-term potential of the business. The environmental initiative, combined with Bee D’Vine’s visually appealing and great-tasting products, helped secure a deal with four sharks.

The company continues to receive orders, and the team is working hard to fulfill Shark Tank, holiday, and Valentine’s orders.

How Much Equity Did The Sharks Ask For In Exchange For Their Investment?

On Shark Tank, investors ask for a share of the company’s ownership in exchange for their investment. The percentage of ownership they ask for depends on the company’s valuation and potential for profitability.

If the investors believe that the company has the potential to generate a high profit, they may offer a lower percentage of ownership in exchange for their investment.

Conversely, if the company is not expected to generate significant profit, the investors may demand a higher percentage of ownership or propose a lower loan amount.

The valuation of a company on Shark Tank is determined by a variety of factors, including revenue, earnings, and market standards. The investors also consider intangible factors, such as the entrepreneur’s story and experience.

The investors may counteroffer with a higher percentage of ownership for their investment. It is worth noting that not all entrepreneurs who appear on Shark Tank receive a deal from investors.

Some entrepreneurs may turn down offers because they do not want to give up too much ownership of their company.

Similarly, investors may choose not to invest if they do not believe the company has the potential for a significant profit. The average percentage of ownership given up on Shark Tank is 27%.

Did Bee d’Vine secure A Deal on Shark Tank?

Yes, Bee D’Vine secured a deal on Shark Tank. Ayele Solomon, the founder of Bee D’Vine, appeared on Season 12 of Shark Tank and asked for a $750,000 investment in exchange for a 20% stake in his company.

After a moment’s hesitation, four Sharks offered Solomon a combined deal of $750,000 for 40% equity, which he accepted. The Sharks who invested in Bee D’Vine were Mark Cuban, Lori Greiner, Robert Herjavec, and Daniel Lubetzsky.

After the episode aired, Bee D’Vine experienced a significant influx in sales. The company’s valuation was $1.8 million during the appearance on Shark Tank, but after the deal with the Sharks, the valuation increased to $3.7 million.

Bee D’Vine is a sustainable-produced, barrel-aged honey wine brand from Sonoma Valley that has the initiative to help save bees.

Who Were the Sharks Interested in Investing in Bee d’Vine?

Bee D’Vine founder Ayele Solomon appeared on Shark Tank seeking a $750,000 investment in exchange for a 20% stake in his honey wine business. The Sharks who were interested in investing in Bee D’Vine were Mark Cuban, Lori Greiner, Kevin O’Leary, Robert Herjavec, and guest Shark Daniel Lubetzky.

All four Sharks were impressed with the taste of the honey wine and its environmental initiative to save the bees. Lori Greiner even said, “This is the first white wine I’ve liked. It’s kind of like a dream come true. And you’re saving the bees”.

After some negotiation, the Sharks decided to partner together and invest $750,000 for a 40% equity stake in Bee D’Vine. Each Shark received a 10% stake in the business.

Despite Kevin O’Leary initially balking at Solomon’s price points, he ultimately decided to invest in Bee D’Vine along with the other Sharks.

Since appearing on Shark Tank, Bee D’Vine has expanded its offerings to include more varietals and source honey from different locales. The business has a valuation of $1.88 million after securing the Shark Tank deal.

What Is Bee d’Vine’s Current Status after Appearing on Shark Tank?

After appearing on Shark Tank, Bee D’vine continued to sell its honey wine product and has made some incredible progress in its business. In May 2022, the company celebrated its 8th-year business anniversary.

However, the information about their revenue is not yet known. Overall, Bee D’vine had a great time after appearing on Shark Tank and it shows no signs of slowing down anytime soon.

The company has managed to gain immense popularity and attention since appearing on the show and is working towards becoming an even bigger success story.

Who Are The Competitors Of Bee D’Vine?

There is no clear information on the competitors of Bee D’vine. However, there are several articles that discuss the company’s unique product and its success on Shark Tank.

Bee D’vine is a honey wine company that produces barrel-aged honey wine made from raw local honey and pure spring water. The wine is aged for at least 15 months in the barrel and one to two years in the bottle before being released for sale.

The company offers two varieties of honey wine, Brut (dry) and Demi-Sec (semi-sweet), as well as sparkling honey wine and grape wine.

Bee D’vine’s founder, Ayele Solomon, appeared on Shark Tank seeking a $750,000 investment in exchange for 20% equity in his company. He accepted $750,000 for 40% from four Sharks, including Mark Cuban, Lori Greiner, Kevin O’Leary, Robert Herjavec, and guest Shark Daniel Lubetzky.

After the Shark Tank episode aired, Ayele told Wine Spectator that with the investment secured, he hopes to give his wines “more ‘varietal’ typicity”.

While there is no information on Bee D’vine’s direct competitors, there are several articles that rank the best honey wine brands and products. These articles can be used as a reference for consumers who are interested in trying honey wine and want to explore other options besides Bee D’vine.

Who is the Founder of Bee D’Vine?

Ayele Solomon is the founder of Bee D’Vine.

How much was he seeking in the Shark Tank?

He was asking for $750,000 in exchange for 20% stake of the company.

Did he get a deal from the Shark Tank?

Four Sharks offered $750,000 for 40% stake in the company.

Is Bee D’Vine still in business?

The company is still in operation as of July 20, 2021. Some of their wines, which are available for pre-order, are sold out.

When was Bee D’Vine aired on Shark Tank?

Ayele appeared on Shark Tank show Season 12 Episode 5 on November 13th, 2020.

Where is Bee D’Vine located?

It is located in Sonoma Valley, California.

How much does it costs?

A 750 mL bottle costs $49, while a 350 mL bottle costs $29.

What are the ingredients in Bee D’Vine?

There are no ingredients in Bee D’Vine. They use spring water and honey.

Where does Ayele Solomon live?

He lives in Sonoma Valley, California.

Is Bee D’Vine alcoholic?

Yes, between 11.5 and 12.5 percent.

How many calories in Bee D’Vine?

Their wines include less calories than traditional meads and some grape wines (slight variations occur vintage to vintage).

125 calories per 150ml glass of dry/Brut

Semi-sweet/Demi Sec has 140 calories per 150ml drink.

Are there Sulphites in their wine?

Unlike grape wines, their wines do not contain naturally occurring sulphites. They do, however, add minor quantities throughout the maturing process and right before bottling.

They often contain less than 15 ppm free sulphur, which is significantly less than that of regular grape wine.

Is Bee D’Vine gluten free?

They are, indeed.

Should it be chilled at serving?

Yes, cool Bee D’Vine like they would white wine before serving, but it can also be kept at room temperature before opening.

How many days will the wine last after opening?

Refrigerate for about a week. After opening, please keep refrigerated.

When will their order ship?

If received by 14:00 California time, it will be processed the same day.

Can they change their order?

Unfortunately, no, because orders are filled as soon as they arrive. Please make their final option when placing their order, since all orders are final.

Because they employ innovative DIAM technology natural corks derived from TCA, there is no possibility of a faulty cork.

Where is their order?

When they send their order, they should receive a tracking number through email; please check their junk/spam folder.

Is it okay to ship during summer?

They thoroughly tested Bee D’Vine for heat damage and discovered no discernible difference in taste or appearance.

During the hot summer months, they distribute complimentary icepacks. In the event of a high heat surge, they will postpone shipping and notify them.

What is the net worth of Ayele Solomon?

Ayele Solomon’s net worth is unavailable.