Intelli-Stopper Shark Tank Net Worth
Intelli Stopper’s net worth before appearing on Shark Tank was 2.5 million USD. The company was valued at $2.5 million during the pitch. Intelli-Stopper’s current net worth is unavailable since the company is no longer operating.
The Hoyts had invested $300,000 in their product but failed to secure a contract on Shark Tank despite investing the money themselves.
What is Intelli-Stopper and Who is the founder of Intelli-Stopper?
The Intelli-Stopper is a wine bottle stopper that includes a red visual indicator to show whether there is air in the bottle. The founders of Intelli-Stopper are Chase Hoyt and his father, Bob Hoyt, both from Tucson, Arizona. They are wine lovers and enjoy wine with their meals a few times a week.
Bob Hoyt owns several hundred bottles of wine in his cellar and has the perfect wine for family gatherings. Although they have beautiful stoppers, the Wine Doctor’s high-tech cork solution is incomparable. The device costs around $33 and pays for itself if it saves one or two nice bottles of wine.
The visual indicator that tells them whether there is any air getting in is helpful because air is invisible. The Wine Doctor is not just a high-tech cork; it also includes a vacuum pump system that removes air from an open bottle of wine.
After that, the “Intelli-stopper,” which is a patented silicon “cork” with a sequence of O-rings that ensures an airtight closure, is used to seal it. If any air leaks into the bottle, a red indicator on the stopper shows that it’s time to pump more air out.
Air is wine’s enemy because too much air can turn a beautiful bottle of Cabernet into harsh vinegar. The Wine Doctor’s suction pump and high-tech cork mechanism claim an open bottle to prevent the wine from changing.
Intelli-Stopper Shark Tank pitch
During the presentation, they requested $250,000 in exchange for a 10% stake in their company, which was valued at $2.5 million. Chase claimed that their technology would revolutionize the preservation of food and beverages, including wine.
They offered the Sharks a glass of wine that had been preserved with the Intelli-Stopper for five days, and the Sharks were impressed with the taste. Chase explained that the red indicator on the Intelli-Stopper showed that there was still air in the wine bottle.
When asked about sales, Chase said they had made $150,000 in 2012 and were on track to sell $350,000 in 2013. However, Kevin O’Leary, Robert Herjavec, and Lori Greiner all declined to invest due to the high valuation of the company.
Barbara Corcoran and Mark Cuban also opted out due to the excessive valuation. Ultimately, Chase and Bob left without a deal.
Despite not securing a deal on Shark Tank, the company continued to try and dominate the market. However, eventually, the company stopped operating.
Net Worth of Intelli-Stopper
The company was valued at $2.5 million during the pitch; since the company is no longer operating hence the company’s net worth is unavailable.
Intelli-Stopper Shark Tank Updates
Intelli-Stopper is a wine bottle stopper that features a visible indicator in the form of a red dot that illuminates if there is air in the bottle. The product was created by Chase Hoyt and his father Bob Hoyt to solve the problem of properly preserving opened bottles of wine.
Intelli-Stopper appeared on Shark Tank Season 5, but walked away without a deal. The Hoyts had invested $300,000 in their product but failed to secure a contract on Shark Tank despite investing the money themselves.
Intelli-Stopper is not longer in operation since 2018. The current net worth of the company is unknown. The product is no longer available in the market. Despite not securing a deal on Shark Tank, the Intelli-Stopper was valued at $2.5 million during the pitch.
Table: Intelli-Stopper Shark Tank
| TOPIC | INFORMATION |
| Product | Intelli-Stopper (wine bottle stopper) |
| Founders | Chase Hoyt and Bob Hoyt |
| Valuation | $2.5 million during Shark Tank pitch |
| Investment sought | $250,000 for 10% equity during the pitch |
| Sales | $150,000 in 2012, $350,000 projected in 2013 |
| Shark Tank deal | No deal secured |
| Current status | No longer in operation since 2018 |
| Net worth | Unavailable |
Intelli-Stopper FAQs
What Is Intelli-Stopper, Founder, and How Does Intelli-Stopper Work?
Intelli-Stopper is a wine bottle stopper that includes a red visual indicator to show whether there is air in the bottle. It was founded by Chase Hoyt and two other individuals in 1999. The Intelli-Stopper is a wine preservation tool that pumps air out of wine bottles.
It is a solution that other wine preservers do not deliver because it is impossible to determine when enough air has been pushed out or when more air has been introduced after a bottle has been preserved.
Most wine preservers available on the market today let air escape into the bottle within minutes or even hours after the food has been preserved, exposing the expensive bottle to oxygen capable of destroying it.
The Intelli-Stopper founders appeared on Shark Tank and pitched their product, but they failed to secure a contract despite investing $300,000 in their product.
Intelli-Stopper’s net worth before appearing on Shark Tank was $2.5 million USD, and the company was valued at $2.5 million during the pitch. However, the company is no longer operating, and its current net worth is unavailable.
What Happened To Intelli-Stopper After Shark Tank?
Intelli-Stopper is a wine bottle stopper with a red visual indicator that shows if there is air inside the bottle. The product was featured on Shark Tank in April 2014. After the show was broadcasted, Intelli-Stopper received a huge boost and went out of stock soon after.
However, according to recent updates, the company is not longer operating since 2018. The current net worth of Intelli-Stopper is unknown, and the product is no longer available in the market. The founders’ net worths are also unknown.
Intelli-Stopper was designed to solve the problem of wine preservers that make it impossible to determine when enough air has been pushed out or when more air has been introduced after a bottle has been pushed out Most preservers available on the market today let air escape into the bottle within minutes or even hours after the food has been preserved.
Intelli-Stopper was the only wine preserver available on the market that addressed this issue.
How Much Was Intelli-Stopper Asking On Shark Tank?
Intelli-Stopper is a wine bottle stopper that can reseal wine bottles so they can be preserved for a longer time. The founders of Intelli-Stopper, Chase Hoyt and Bob Hoyt, appeared on Shark Tank in April 2014.
They were seeking a $250,000 investment in exchange for 10% equity in their company. The company was valued at $2.5 million during the pitch. However, they failed to secure a deal on Shark Tank despite investing $300,000 in their product themselves.
Intelli-Stopper’s net worth before appearing on Shark Tank was $2.5 million. However, the current net worth of the company is unknown since it is no longer operating. According to online research, Intelli-Stopper went out of business in 2018.
What Is Intelli-Stopper Shark Tank Episode?
Intelli-Stopper is a wine bottle stopper that includes a red visual indicator to show whether there is air in the bottle. It was created by Chase Hoyt and his father Bob Hoyt, who appeared on Shark Tank Season 5 to pitch their product.
The Intelli-Stopper is a wine preservation tool that pumps air out of wine bottles. The Hoyts asked for $250,000 in exchange for 10% equity, but they did not receive a deal from any of the Sharks.
Intelli-Stopper’s net worth before appearing on Shark Tank was $2.5 million USD, and the company was valued at $2.5 million during the pitch. However, the company is no longer operating, and its current net worth is unavailable.
The Hoyts had invested $300,000 in their product but failed to secure a contract on Shark Tank despite investing the money themselves.
In summary, Intelli-Stopper is a wine bottle stopper that was pitched on Shark Tank Season 5 by Chase Hoyt and his father Bob Hoyt. It includes a red visual indicator to show whether there is air in the bottle and pumps air out of wine bottles to preserve the wine.
Although the Hoyts did not receive a deal from any of the Sharks, they had invested $300,000 in their product. However, the company is no longer operating, and its current net worth is unavailable.
Did Intelli-Stopper Have The Deal?
Intelli-Stopper appeared on Shark Tank Season 5 and asked for $250,000 in exchange for 10% equity, but they did not get a deal. The product is no longer available in the market, and the current net worth of the company is unknown. The founders’ net worths are also unknown.
While the product did not get a deal on Shark Tank, it is unclear why the company is no longer in operation.
However, Intelli-Stopper is a derivative of a preservation system that does $15 million in sales. It is possible that the founders decided to focus on the preservation system instead of the wine stopper.
In summary, Intelli-Stopper did not get a deal on Shark Tank, and the company is no longer in operation. The current net worth of the company and the founders is unknown. However, the Intelli-Stopper is a derivative of a preservation system that does $15 million in sales.
Is Intelli-Stopper Still In Business?
No, Intelli-Stopper is no longer in business. The company was founded by Chase Hoyt and his father Bob Hoyt, and it appeared on Shark Tank in 2014. Intelli-Stopper was a wine bottle stopper that could preserve open bottles of wine for up to two weeks.
The Hoyts had invested $300,000 in their product but failed to secure a contract on Shark Tank despite investing the money themselves. After appearing on the show, the company experienced a huge spike in sales and was even contacted by a potential investor.
However, the company stopped operations in 2018 and the product is no longer available in the market. The current net worth of Intelli-Stopper is unknown since the company is no longer operating.
Did Intelli-Stopper scam people?
Intelli-Stopper is not a scam. The inventor Chase Hoyt and his father Bob Hoyt pitched their product to a number of investors at Shark Tank but eventually, they backed out of the deal.
How much is the company worth?
It’s still unknown, even with the company ceased operating.
What is the purpose of Intelli-Stopper?
The Intelli-Stopper is a wine bottle stopper that features a red visual indication that indicates whether or not there is air within the bottle.
Was Intelli-Stopper works?
According to Chase, Intelli-Stopper technology will redefine and revolutionize food and beverage preservation.
Where is Intelli-Stopper made?
Intelli-Stopper is made in Tucson, Arizona.
What is the product life cycle of Intelli-Stopper?
The Intelli-Stopper is no longer in operation after the episode aired on Shark Tank.
How longer was wines takes after opened when using Intelli-Stopper?
Wines take longer to be opened when using Intelli-Stopper.
What is the annual revenue of Intelli-Stopper?
According to Chase, the company made in excess of $150,000 in 2012 and that they are on schedule to sell around $350,000 in 2013.
What were the estimated expenses and revenues of Intelli-Stopper?
It’s still unknown, even with the company cease operating.
Is Intelli-Stopper good for investment?
The Intelli-Stopper is no longer in operation after the episode aired on Shark Tank.
What are the benefits of Intelli-Stopper?
The Intelli-Stopper is a wine bottle stopper that features a red visual indication that indicates whether or not there is air within the bottle.
Where can I buy Intelli-Stopper?
Customers cannot buy Intelli- Stopper. It was an idea concocted by two curious Tucson, Arizona residents who were desperate for an easy way to prevent their wine from turning out too quickly and too old.
Who are the competitors for Intelli-Stopper?
Intelli-Stopper has no competitor as yet.
What is the annual revenue of Intelli-Stopper?
It’s still unknown, even with the company cease operating.
Is Intelli-Stopper patent pending?
No, it’s not.
How was the business model of Intelli-Stopper?
Intelli-Stopper is an interesting concept with a brilliant design, but the company name and its product are so generic that it’s unlikely that any buyer would find it attractive as a purchase.
Is Intelli-Stopper planning to resume?
Intelli-Stopper is no longer in operation after the episode aired on Shark Tank.
Is Intelli-Stopper available online?
No, it’s not.
What is the net worth of Chase Hoyt?
Chase Henry Hoyt net worth is $6 Million.
