Goverre Shark Tank Update | Goverre after the Shark Tank

What is Goverre?

Goverre is a portable wine glass tumbler with a silicone sleeve and a drink-through cover that provides a comfortable drinking experience and prevents the glass from sliding around.

It was founded in 2015 by Shannon Zappala and Regan Kelaher, who were inspired by their love of fine wine, dislike of plastic glasses, and appreciation for Southern California’s outdoor lifestyle.

They left their corporate jobs in 2017 to focus on building Goverre as a full-time business, utilizing their marketing experience.

Who is the Founder of Goverre?

Shannon Zappala and Regan Kelaher founded Goverre in 2015, driven by their passion for wine, distaste for plastic glasses, and admiration for California’s outdoor lifestyle.

Both had established careers in corporate America, but decided to pursue their dream of starting a business together.

They developed the Goverre stainless steel wine glass, which includes a silicone sleeve and a sippy top.

They raised $15,000 to create a prototype and later launched a successful Kickstarter campaign that raised $63,457 for tooling, engineering, and their first manufacturing run.

They have been selling the product on Amazon and through their website since then.

What Happened to Goverre at Shark Tank Pitch?

After raising $63,457 through a Kickstarter campaign, Shannon and Regan sought additional investment by appearing on the Shark Tank pitch.

They requested $200,000 for a 13% stake in their business, and impressed the Sharks by revealing that their company had made $500,000 in sales the previous year.

Kevin O’Leary was the first to offer the requested amount, but for a 33.3% ownership stake in the company. Robert Herjavec, Mark Cuban, and Lori Greiner also made the same offer for the same stake.

Eventually, the Sharks decided to exclude O’Leary from the deal, and Shannon, Regan, and the remaining three Sharks closed the deal.

What Happened to Goverre after the Shark Tank?

The transaction with the Sharks was completed successfully. The $200,000 was spent on inventories, manufacturing, and cash flow.

Additionally, they collaborated to put Goverre in the VinGardeValise, a wine luggage designed for wine enthusiasts on the road.

Mark Cuban relocates to the company’s Dallas fulfillment center. In 2021, they will offer items at over 800 sites across the country. The firm continues to operate today, with yearly revenues of $1 million.

Competitors of Goverre

The company has many competitors in the market. These are; Branson Beverage Containers, Beverage Warehouse, Klean Kanteen, Shannons Wines and BlueBottleWineCaddy.com

Net worth of Goverre

The net worth of the company is believed to be around $2 million in 2021.

Goverre FAQs

What is Goverre?

Goverre is a portable wine glass tumbler with a silicone sleeve and a drink through cover. The sleeve provides a comfortable drinking experience and prevents the glass from sliding around haphazardly.

How was Goverre started?

Shannon Zappala and Regan Kelaher established Goverre in 2015. Goverre was born from their love of fine wine, disdain of plastic glasses, and appreciation for Southern California’s outdoor lifestyle.

Who is the founder?

Shannon Zappala is the founder of Goverre. She has years of experience in the hospitality, marketing, and finance fields.

What is their offer on Shark Tank?

Shannon and Regan enter the pitch seeking for $200,000 for 13% stake for their business.

Did they get a deal?

Yes, the transaction with the Sharks was sealed successfully.

How much did they raise from Kickstarter?

They raised $63,457 from Kickstarter campaign they started in 2014.

How much did they spend from Shark Tank?

They spend $200,000 on inventories, manufacturing, and cash flow.

What are the products offered by Goverre?

Goverre offers stainless wine glasses with silicone sleeves and drink through lids. The sleeve provides a comfortable drinking experience and prevents the glass from sliding around haphazardly.

What are Goverre all product contact information?

Website: www.goverre.com Contact: support@goverre.com Facebook: www.

What is the next product from Goverre?

In 2019, Shannon and Regan will unveil a new version of the Goverre stainless wine glass.

The new model is thinner and lighter. It will feature a silicone sleeve with a varietal-specific graphic.

Is still in business?

Yes, Goverre is still in business.

Where is Goverre located?

Address: 1790 La Costa Meadows Dr. San Marcos, CA 92078, United States

Phone: +1 833-321-6558

What are the strengths?

The strengths of the company are; brand-new product lines, excellent design and customer service.

What are the weaknesses?

The weakness of the company is; they haven’t been able to make enough sales to be profitable.

Is it private or public?

It is private.

What are the social responsibility initiatives of Goverre?

Shannon Zappala established Goverre in response to an increasingly hazardous world.

She believes that Goverre will leave a positive impact on the world’s environment, consumerism, and people’s lives.

She also believes that the company should be involved in philanthropy work. They have started to give 10% of their net proceeds generated through sales to charity organizations.

How is the business model?

The business model of the company is; sell wine glasses. They sell 100,000 glasses that will give them 1 million dollars.

What is the revenue model?

They earned $1 million revenue in a year.

What are their marketing strategies?

They have many marketing strategies for growing their business are; they have created a very impressive online presence to spread awareness about their product.

They have set up an active social media presence across all important social media platforms.

Is Shannon and Regan husband and wife?

No, Shannon and Regan are not married. They are good friends.

Is the product available on Amazon?

No, it is not available on Amazon.

Does Goverre have good working conditions for their employees?

Yes, they have a work force of 100 people, most of who live in California where they operate.

Is it safe to buy from their online?

Yes, it is safe to buy from Goverre.

Is there any deal for offering discount?

Yes, their offers discount on the purchase of four glasses and more.

Does Goverre donate money to charity?

No, they don’t donate money to charity as of now.

Do they have a warranty policy?

Yes, they offer a 60 day guarantee on all their products.