Daniel Mac Sweeney’s Post

Transcript

Next up, our best friends who believe they have the perfect pairing for one of America's favorite foods. Hello Sharks, what's up? My name is Kevin Kline and I'm his best friend of over 30 years, Joshua Green from Los Angeles, CA. We're here today seeking $200,000 and your friendship for 7 1/2% of the greatest company ever. Now sharks, what if I told you there are product could instantly make you smarter, more attractive, younger and even regrow hair? Well guess what, it can't do any of those. Sorry Mr. Wonderful, there are just some things in life that will never get any better. But there are some things in life that can get better. Like pizza when you pair it with pie wine. Pie wine is a sweet, sparkling, easy drinking canned table wine that goes great with your favorite slice. That's why we say pie wine is the OG pizza wine AKA pizzas. New side piece AKA it puts the pizza AKA that's it. We're out of slogan. We knew we had to. Imagine we introduced to the masses what pizza loving Italians have known for generations. That pizza goes best with a sweet, slightly bubbling wine, traditionally known as a lambrusco. That's why we say born in Italy, perfected in California. So sharks, who's ready to meet the greatest thing to happen to pizza since the pepperoni? And turn any old pizza into a pizza party with Taiwan. Right. So say salute. Wow. You guys understood the assignment. Yeah, Well done. Nice. Yeah. Of course, it'd be rude if we were drinking alone, so we brought you all three of our skews to try. So red is our sweet saw, the blue is our white crisp, and the black is our world famous red. Let's stand up. OK. Very big tradition for many years here in the tank. Detroit. Hey. Hmm. It's pretty darn good. Thank you. Well, you some pizza, by the way. They're very, very good. I've never had wine with pizza, and I didn't realize it's so delicious. We're thinking there's never been an official drink of pizza. Now they've tried to tell us to drink beer with people think it's beer. Beer with pizza flavor profiles don't look great. So I think of a cola. Exactly. I never thought that. You're a man. You're a grown man. Yeah. Boom. There you go. Exactly. Here's what's confusing for me. I pick up the can. I don't understand what this is. It says world famous red pizza and new side piece. Hi. And I'm looking at this and I'm like, this has something to do with pizza, but I don't know what it is. I do find it really confusing. I think it's gonna hurt you. Well, why don't we find out of that issue is valid or not? What are your sales? So we launched 2 weeks ago. Ohh, two weeks ago. And here's the good news. As of as as early as today, we have distribution in eight states. We've already had distributor commitments for between 3:00 and $400,000 already. And we're talking to 18 other states Navas. You're so congratulations Fantasy Day. What does that mean for dollars three to $400,000 in wholesale dollars? OK. And we expect that to be well north of 1/2 a million in 30 days. And what we're projecting for the first six months is about 1,000,005 in the the end of the year about six and a half million dollars. Something I'm really curious about, you started this two weeks ago. This can't possibly be your full time job, is it? We've been working on this for two years. I actually host the morning radio show on K Rock in Los Angeles. I knew you were familiar. The radio guy looking at you and I'm like, I've seen your face. I almost the morning radio show. I've been doing morning radio for about 20 years. So I'm in the fun business. Nice. And this guy's the smart one. I'm the ***** ***. That's why we kind of complement each other. My background is I went to law school, got a masters in accounting. I worked at bulge bracket investment banking, and now I help run one of the largest spatial computing video game companies in the country. Wow. I'm the CFO of the company. I came in to help turn around the business. This is a side hustle for you. No, it's not a side hustle. I sold my 41K. To do this like I, I wish I could say how much have you invested in that? We've invested over $300,000 in the two of you, 35050 partners, 5050 partners. We also have money. He's putting a little more than me. What have you done? What have, what have I done? I've ended up talking to my wife. We sold the house. Wow. So that we could use some of that money. So you're all in, we're all in big time. What, what are their margins? So cost is $1.50 right now to make. We have a plan to get it down to $1.25 with more production. We'll sell to distributors. 320-5325 and then it would sell if you were at Ralphs or Kroger, whatever round 5 dollars. 5:50 There are other canned sparkling wines there are. Who is your biggest competitor? Because I feel like the market is really saturated looking at comps. Bev is one of the comps that came out and they've just got sold. Bev just got sold. They went out with a pre money valuation before they had any sales at $7,000,000. We're doing a discount because the truth is we want a shark. And I just want to circle back to like what started this? I've known him. Since we were eight years old, I love the guy. He's a big part of my life. I have an amazing wife and kids. The last four years have been a little challenging because my wife unfortunately has metastatic cancer and doing something with your best friend is really exciting and I want to teach my kids. Hard work is so important. Like nothing's given. It's not a side hustle. I I zeroed out my 41 Ki don't think about like ohh, saving for the future. I wanted to do a business with him because I love him and I want to see him successful. I'm in business. He hasn't been. But I wanted him to see some of the successes I've had and I love the idea and I wanted to be a part of it. OK guys, fantastic presentation. Good news is this category is growing for me. I'm launching my own sparkling line, so I can't compete with myself obviously, but I hope you get a deal here. It can't be me. I'm out. Thank you so much for we predicted what Shark would be the first one to go out and look at this. Isn't that amazing? We know well, we were really appreciate well right after the show today guys, let me let me go next trip that I look good. Look, I love what you guys are doing. The branding makes perfect sense to me. This is right on target, right on trend, right. Problem for me is I've got beatbox beverage that's going to do $100 million in sales this year, just raise it a 200 million valuation. So for those reasons come out. So guys I'm trying to think where can I add value in this? Could I? Could I make you guys all an offer? If you don't like the deal, we'll buy you out after a year. No strong. You know what? That is very honorable. It's not about liking the deal. It's about there's so many big players coming into this market that I don't know if I really ready to to take that fight on, especially when there's all the sharks right here that are doing the same exact thing. So with that being said, I'm out. Thank you, Dan. Look, for me, there's just a few boxes that aren't checked yet. It's just too early to invest. I don't know enough yet, so I'm sorry. I wish you good luck, but I'm out. Listen, I think you found a hyper niche here, right? It's kitchy, it's fun. I think it could potentially have mass appeal, but it's a little too kitchy for me. It's not the space that I like to play in. I just don't think I'm your target market and. My wife with the ring inside of a Sprinkles cupcake. Ohh you're killing me. I think your product is really good, you guys are awesome, but it's just not the right investment for me and so for that reason, I'm out. We will respectfully give you all another chance to come back in right now. Any chance while we're here? Thank you, guys. It was a fantastic thank you, guys. Go kill it. Go kill it, guys. I wouldn't want to be standing here with anybody else. We had a great time and like this is a life defining moment. People are gonna love it. They loved it but just didn't work out for us today. Barbara, Robert, call us.