Obvious Wines Shark Tank Update| Obvious Wines after Shark Tank

What is Obvious Wines? Who is the founder of Obvious Wines?

Obvious Wines is a company founded by Brice Baillie, a French native and former wine snob, in 2018. The company aims to provide high-quality, reasonably priced, and simple wine that is accessible to all.

The wines are sourced from family estate vineyards that use environmentally friendly farming methods and are labeled with a concise description of their flavor profile and attributes.

The company currently offers four wines: Dark and Bold, Bright and Crisp, Light and Lovely, and French and Bubbly, with prices ranging from $18 to $25 per bottle.

Obvious Wines is currently available in Los Angeles and Orange counties and can be purchased online with free shipping for orders of more than 6 bottles.

 

What Happened to Obvious Wines at Shark Tank pitch?

In episode 12 of season 10 of Shark Tank, Obvious Wines founder Brice Baillie pitched his company to investors in hopes of obtaining distribution outside of California.

He asked for $150,000 in exchange for a 5% stake in the company, which he valued at $3 million. The Sharks liked the wine, but were concerned about the lack of sales and limited distribution, with only $100,000 in sales.

Kevin O’Leary opted out of the deal due to a conflict of interest with his own winery. Lori Greiner, however, was interested in the concept and branding and offered $150,000 for 12.5% ownership of the company.

Baillie countered with $170,000 for 12.5% stake and Lori revised her offer to $160,000 for 12.5% ownership. Baillie accepted Lori’s offer and left the pitch with a deal.

Table: Obvious Wines Summary

INFORMATION	DETAILS
What is Obvious Wines?	A company that provides high-quality, reasonably priced, and simple wines sourced from family estate vineyards that use environmentally friendly farming methods, founded by Brice Baillie.
Founder of Obvious Wines	Brice Baillie
Year founded	2018
Available wines	Dark and Bold, Bright and Crisp, Light and Lovely, French and Bubbly, and two others since the Shark Tank episode
Price range	$18 to $25 per bottle
Shark Tank pitch amount and deal	$150,000 for 5% stake, received an offer from Lori Greiner for $150,000 for 12.5% ownership of the company, which was later withdrawn due to Baillie securing a higher valuation deal.
Sales after Shark Tank appearance	$1.3 million in 2020, an increase of 34% from the previous year
Competitors	Four Lads Winery and Naked Wines
Net worth	$11 million (as of the crowdfunding campaign on StartEngine)
Current distribution	Multiple states and online
Crowdfunding	Raised over $223,000 from 172 investors on StartEngine
Sustainability and vegan-friendly	Yes
Number of wines	Seven
Latest development	The company offered its customers a lifelong subscription of wines for $6,000 in 2021.

What Happened to Obvious Wines after Shark Tank?

After appearing on Shark Tank, Obvious Wines founder Brice Baillie secured a deal with Lori Greiner, but it did not ultimately come to fruition as he found another investment at a higher valuation between filming and the episode airing.

Despite this, Obvious Wines saw significant growth in 2020, with sales reaching $1.3 million, an increase of 34% from the previous year.

As of December 2021, the company has upgraded its website and now offers 6 wines, and is also running a crowdfunding campaign on StartEngine with a valuation of $11 million, and has generated over $1.8 million in revenue.

Competitors of Obvious Wines

The company’s main competitors are wineries, Four Lads Winery and Naked Wines.

Net Worth of Obvious Wines

Obvious Wines had a valuation of $3 million during its Shark Tank pitch. However, since then the company has secured additional investments and its estimated net worth is now $11 million.

Obvious Wines Shark Tank Updates

Obvious Wines is a boutique, vegan, and sustainable wine brand that offers a collection of family estate wines crafted through sustainably farmed practices across vineyards in California, Chile, and France. The company was founded by Brice Baillie, who appeared on Shark Tank in episode 1011.

Although Baillie made a verbal agreement with Lori Greiner, the deal never closed as he got another investment. Obvious Wines ended up crowdfunding investments via Start Engine and raised over $223,000 from 172 investors.

Since appearing on Shark Tank, Obvious Wines has grown into a successful business. The company has increased the number of available wines from 5 to 6 and updated its website. The wines are easily identified with the numbers one through six, along with two keywords to distinguish the style of wine.

Obvious Wines has branched out to include seven carefully sourced wines from sustainable, family-owned vineyards in California, Chile, and France. The wines are vegan and eco-friendly.

Obvious Wines has relied on publicity to make it big. In 2021, the company offered its customers a lifelong subscription of wines for $6,000.

The company had over $1.3 million in sales in 2020 and showed a 50% increase at the beginning of 2021. Obvious Wines are currently sold in multiple states and online.

Obvious Wines FAQs

What Is Obvious Wines?

Obvious Wines is a wine brand that aims to simplify the wine-drinking experience by taking the snobbery out of wine. The brand offers wines from around the world with simple explanations on the labels.

The wines are sourced from sustainable, family-owned vineyards in California, Chile, and France. Obvious Wines is a collection of family estate wines crafted through sustainably farmed practices across vineyards in California, Chile, and France. The wines are vegan and eco-friendly.

The brand was founded by Brice Baillie, who noticed a big gap between the love of wine and the public’s knowledge of them. Initially, he used wines picked at tasting parties in his home. The first purchasers actually named the company. They went door to door to get the wine on store shelves.

Since appearing on Shark Tank, Obvious Wines has branched out to include six carefully sourced wines. The wines are easily identified with the numbers one through six, along with two keywords to distinguish the style of wine.

The simple front-of-the-bottle labels provide only essential taste profile information, while the labels on the back of the bottles give customers a little more background, such as where the wine is from, ideas for food pairings, and more tasting notes.

How Does Obvious Wines Works?

Obvious Wines is a wine company that offers a collection of family estate wines crafted through sustainably farmed practices across vineyards in California, Chile, and France.

The company was founded by Brice Baillie, who wanted to create an accessible and playful brand that still checked all the necessary boxes of high-quality, eco-conscious wine. Baillie cold-called wineries in California to identify those who were open to partnerships and met his criteria.

Eventually, he got a bite, and Obvious Wines was born.

Obvious Wines’ distinctive and straightforward labels provide relevant information on the taste, characteristics, and provenance of each wine in a clear and simple way, making it easier to find and learn about wines you love.

The labels also provide pairing suggestions and an easy rating system to convey characteristics like sweetness, fruitiness, and boldness. Obvious Wines’ flagship Dark & Bold is currently ranked in the top 2% of the 12.5 million wines in Vivino’s database.

Obvious Wines offers a lifetime subscription called the Life of Wine, which guarantees subscribers four bottles of wine every single month, for life. The Life of Wine membership includes any wines that are currently available through the Obvious Wines website, as well as any limited-edition wines.

Obvious Wines currently ships to 35 states and Washington, D.C., and all shipping and handling charges are included in the Life of Wine membership.

What Happened To Obvious Wines After Shark Tank?

Obvious Wines, a boutique, vegan, and sustainable wine brand, appeared on Season 10 Episode 12 of Shark Tank. The French CEO and founder, Brice Baillie, offered the Sharks a 5% stake in his business in exchange for a $150,000 investment.

However, the deal with Lori Greiner never closed as Baillie got another investment at a higher valuation. Instead, Obvious Wines ended up crowdfunding investments via Start Engine and raised over $223,000 from 172 investors.

Since appearing on Shark Tank, Obvious Wines has expanded its product line to include six carefully sourced wines from sustainable, family-owned vineyards in California, Chile, and France.

The wines are easily identified with the numbers one through six, along with two keywords to distinguish the style of wine. Obvious Wines has had over $1.3 million in sales in 2020 and showed a 50% increase at the beginning of 2021.

The company is still around and relying on publicity to make it big. In 2021, Obvious Wines offered its customers a lifelong subscription of wines for $6,000.

 

What Happened To Obvious Wines After Shark Tank?

Obvious Wines, a boutique, vegan, and sustainable wine brand, appeared on Season 10 Episode 12 of Shark Tank. The French CEO and founder, Brice Baillie, offered the Sharks a 5% stake in his business in exchange for a $150,000 investment.

However, the deal with Lori Greiner never closed as Baillie got another investment at a higher valuation. Instead, Obvious Wines ended up crowdfunding investments via Start Engine and raised over $223,000 from 172 investors.

Since appearing on Shark Tank, Obvious Wines has expanded its product line to include six carefully sourced wines from sustainable, family-owned vineyards in California, Chile, and France.

The wines are easily identified with the numbers one through six, along with two keywords to distinguish the style of wine. Obvious Wines has had over $1.3 million in sales in 2020 and showed a 50% increase at the beginning of 2021.

The company is still around and relying on publicity to make it big. In 2021, Obvious Wines offered its customers a lifelong subscription of wines for $6,000.

What Is The Current Valuation Of Obvious Wines?

Obvious Wines is a wine company that aims to simplify the wine selection process and make eco-friendly wine approachable. The company was founded in 2017 and has expanded from four to six wines. During its Shark Tank pitch, Obvious Wines had a valuation of $3 million.

However, the company ended up crowdfunding investments via Start Engine and raised over $223,000 from 172 investors, putting the company’s valuation at $11 million. As of September 2021, the company had raised $224,000 in equity crowdfunding.

Despite not securing a deal with Lori Greiner on Shark Tank, Obvious Wines has seen significant growth in revenue. In 2020, the company had a revenue of $1.3 million, which was a 34% increase from the previous year.

The company is still around and relying on publicity to make it big. As of December 2021, the company has generated over $1.8 million in revenue and is running a crowdfunding campaign on StartEngine with a valuation of $11 million.

Is Obvious Wines Still In Business?

Yes, Obvious Wines is still in business. Obvious Wines is a boutique, vegan, and sustainable wine brand that offers a line of simply-explained, fairly priced, and delicious wines. The company was founded by Brice Baillie, who pitched the brand in Shark Tank episode 1011.

The wines are sourced from sustainable family-owned vineyards in California, Chile, and France. Obvious Wines takes the snobbery out of wine and offers wines from around the world with simple explanations on the labels.

According to Start Engine, Obvious Wines are currently sold in multiple states, as well as online. The company had over $1.3 million in sales in 2020 and showed a 50% increase at the beginning of 2021.

Obvious Wines has grown into a successful business, and the portfolio now includes seven wines, all of which are vegan and eco-friendly, including the newest release, Après Sol, an Italian sparkling rosé.

Although Lori Greiner made an offer to invest in Obvious Wines during the Shark Tank episode, the deal was never finalized because Brice was able to secure investment at a higher valuation than what Lori had offered.

The company is continuing to seek crowdfunding revenue and marketing assistance for its wine brand. Obvious Wines updated its website and increased the number of available wines from 5 to 6.

What is Obvious Wines?

Obvious Wines is a company that has an ambition to provide wine that is high-quality, reasonably priced, simple, and snob-free. Their different labels merely define each bottle’s flavor profile, attributes, and province.

Who is the founder?

The founder of Obvious Wines is Brice Baillie, a French native and former wine snob.

How much was asking on Shark Tank?

The founder of Obvious Wines was asking for $150,000 for 5% stake of his company at value of $3 million.

Did he get the deal?

Yes, he did from Lori Greiner.

How much was the deal?

The deal was for $160,000 for 12.5% ownership of the company but they never finalized the deal.

Does Obvious Wines offer affiliate program?

Yes, the company offers an affiliate program where members earn $10 per sale. However, affiliates are restricted to sales only under certain special offers when the parent company is explicitly indicated on the main site in any case.

What type of wine does Obvious Wines make?

Brice Baillie selects wines from all over the world that utilize environmentally friendly farming methods. So far there are four wines in the range, and their names reflect the brand’s approachable attitude.

What kind of packaging will the wines have?

For orders including 1-4 bottles, they will be packed in a box with pulp trays. Orders of 5 or more bottles will be put in a box with Styrofoam to minimize breaking during shipment.

How long does it take to ship?

Orders are processed within two business days after receipt. Shipping time estimates are based on the location inside the United States. Orders, on the other hand, normally take 3-7 business days to arrive.

Due to shipping constraints, delivery timeframes to New York and Tennessee are projected to be 7-14 days.

Who is authorized to accept the shipment?

For package reception, an adult signature (21+) is necessary. For age verification, the receiver or a resident of the recipient’s residence must produce a form of picture ID to the delivery staff.

Can I send to my home or work address?

Users may send to any home or business location because an adult signature is required. They cannot, however, mail packages to PO addresses without a recipient present for signing at delivery.

What should I do if the delivery is delayed?

Because an adult signature is necessary, the courier (UPS, FedEx, etc.) will attempt to deliver the package up to three times before returning it to them.

If an order is returned to them as undeliverable, contact the customer care team so that they can reimburse the amount of their purchase, less any return shipping and handling fees.

How much sugar is in the Obvious Wines bottles?

Obvious Wines bottles contain only a little of sugar, which is produced naturally during the fermentation of grapes. Because they are mostly dry, they each have less than 1-2 grams of residual sugar per liter.

What is the best method for storing leftover wine?

Once the bottle has been opened, replace the cork or capsule. Users can keep the wine in the fridge for a few days (2 days after opening Red Wine, 3 days after opening White Wine/Rosé).

How long can I keep these wines in my cellar?

They recommend drinking these wines within 12 months, although they may be kept longer if stored carefully in a dark place and at temperatures ranging from 55 to 70 degrees Fahrenheit.

Can I modify my membership once I’ve paid for it?

Yes, customers have the option to change their membership at any time. Simply contact office and they will assist guest in altering their membership: wecare@obviouswines.com

Is it possible to cancel my subscription at any time?

Yes, customers have the option to discontinue their subscription at any time. Simply contact office at wecare@obviouswines.com and they will help guest in terminating their subscription.

When will I get paid and sent for my membership?

Users will be paid when users join up, and then every (other) month (depending on the frequency users select: every 1, 2, or 3 months), on the same day you signed up – i.e., May 4, June 4, and so on.

When the wine is charged, customers will receive an email confirming the transaction, followed by another confirming shipment. When the wine is on its way to each other, a third email with tracking information will be sent!

Is there a time obligation associated with the memberships?

No, there is no time commitment required for membership. Users have the option to cancel at any moment!

Is it possible to miss a shipment?

Yes! Rather than canceling the membership, customers may put their shipment on hold. Please contact them directly and they will help them to pause their subscription. wecare@obviouswines.com

What is the net worth of Brice Baillie?

Brice Bailey net worth is $1.7 Million