Chase Hoyt and Bob Hoyt came to Shark Tank to present their company Intelli-Stopper. They had a problem to solve. It is hard to keep wine fresh after opening a bottle. Wine can spoil after a few days.
So they made a product to preserve wine longer. Their product is a wine stopper called Wine Doctor. It keeps wine fresh for up to two weeks. The goal was to get a deal for $250,000 for 10% of their business. Will the entrepreneur get a deal on Shark Tank? Check out the Packback update!
Intelli-Stopper Net Worth Shark Tank Update 2025
Ryan Naylor went on Shark Tank asking for $250,000 for 10% of his company. This meant he thought his business was worth $2,500,000. He did not make a deal with any Shark. The episode was aired on March 21, 2014. The wine stopper business later shut down. The current net worth of Intelli-Stopper is $0 in 2025.
After the pitch on Shark Tank the company saw a rise in sales. They got attention from people who saw the show. They also spoke to a possible investor. But even though they had a spike in sales the company stopped running by 2023. So Intelli-Stopper is no longer in business. They tried to solve a problem with their product but could not keep up in the market.
No Intelli-Stopper did not get a deal on Shark Tank. They asked for $250,000 in exchange for 10% of the business. But none of the sharks wanted to invest. Barbara Corcoran thought the product was not unique. Mark Cuban was unsure about the wine industry. Lori Greiner said there were already many similar products. Robert Herjavec was not interested.
Kevin O’Leary did not like the high value of the company and the low equity offer. After all the sharks said no Chase and Bob left without a deal.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Lori Greiner | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Barbara Corcoran | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Intelli-Stopper Shark Tank pitch
Chase Hoyt and Bob Hoyt established Intelli-Stopper. They aimed to address an issue that numerous wine enthusiasts encounter. Once you uncork a bottle of wine, it will not remain fresh for very long. The majority of individuals can maintain it for roughly three days before it spoils. However, Chase and Bob believed they could perform better. They developed the Wine Doctor to maintain the wine’s freshness for as long as two weeks.
Chase and Bob began their adventure with the Wine Doctor after facing the same issue themselves. They aimed to create a product that would preserve wine freshness for an extended period. They started investigating and creating the Wine Doctor. They encountered numerous difficulties in the initial phases. Initially, they had to develop a product that functioned effectively. They also needed to determine how to keep it affordable for consumers.
The founders put in significant effort to create a product that could rival other wine preservation solutions. They realized that if they could succeed, they would possess something unique. However, bringing it to the market proved to be challenging. They needed to determine how to market the Wine Doctor and connect with customers. The creators possessed a vision. They thought that their product could revolutionize the experience for wine enthusiasts.
However, gaining people’s trust in it proved challenging. In spite of the difficulties, they succeeded in making sales. During their initial year, they generated $150,000 in revenue. They were set to double that figure in the following year. This achievement instilled hope in them. However, the path forward remained difficult. Despite the increase in sales, they realized they required assistance to advance their business further.
When Chase and Bob entered the Shark Tank they were prepared to showcase their product. They aimed to demonstrate the capabilities of the Wine Doctor to the sharks. They began by outlining the issue they aimed to resolve. Wine deteriorates rapidly once opened. They informed the sharks that their stopper could preserve wine freshness for as long as two weeks. The founders requested $250,000 in return for 10% of their company.
They felt their product held significant potential. They stated that they had previously achieved $150,000 in sales over the last year. And they were set to increase that amount twofold in the following year. Initially, the sharks appeared to show interest. However,r as the presentation continued circumstances began to shift. The sharks started posing challenging inquiries.
The sharks posed numerous inquiries to Chase and Bob. They were interested in learning additional details about the product. Initially, Barbara Corcoran inquired whether the Wine Doctor was one of a kind. She mentioned that there were already numerous comparable products available in the market. Mark Cuban inquired about the wine sector as well.
He stated that he lacked sufficient knowledge about the market. Lori Greiner expressed her belief that there was an excess of wine preservation products. Robert Herjavec mentioned that he wasn’t keen on investing.
Kevin O’Leary had worries regarding the company’s worth. He believed the firm’s elevated valuation was unwarranted. He was also displeased with the minimal equity proposal. These inquiries indicated that the sharks were unimpressed. They sought more information but remained unconvinced.
Chase and Bob attempted to clarify the benefits of their product. They claimed it could maintain wine freshness for as long as two weeks. However the sharks still appeared unconvinced. Chase subsequently shifted to discuss additional products that the company had developed. He referred to the Olive Doctor and the Coffee Doctor. However the sharks showed no interest in these items as well.
Upon hearing all the particulars, the sharks reacted. Barbara Corcoran stated that the product wasn’t distinctive. She believed it did not differentiate itself sufficiently from other products available. Mark Cuban stated that he lacked sufficient knowledge about the wine industry to make an investment. He believed he wasn’t a suitable match for the company. Lori Greiner also mentioned that there were already excessive similar products on the market.
She believed there wasn’t space for an additional wine stopper. Robert Herjavec stated he had no interest in the business. He did not observe sufficient potential for growth. Kevin O’Leary was the final speaker. He stated that he was concerned about the company’s elevated valuation. He believed the low equity proposal was inadequate. Ultimately, all of the sharks chose to decline the offer. They were not sure the Wine Doctor would thrive in the marketplace.
What Went Wrong With Intelli-Stopper On Shark Tank?
The main issue with Intelli-Stopper on Shark Tank was that the sharks did not see the product as unique enough. Barbara Corcoran and Lori Greiner both pointed out that there were already many similar products available. Mark Cuban did not think he knew enough about the wine industry to invest. Robert Herjavec simply wasn’t interested in the business.
Kevin O’Leary had issues with the company’s high valuation and low equity offer. All of these factors led to the sharks deciding to pass on the deal. Without their support, Chase and Bob had to leave the tank without a deal.
Product Availability
The Intelli-Stopper products were once available for purchase on the company’s website. The Wine Doctor was designed to preserve wine for longer. It had a special design that allowed it to seal the bottle and slow down the spoiling process.
The Olive Doctor and Coffee Doctor were other products created by the company. But after the pitch on Shark Tank, the company stopped running by 2023. The website is no longer active. The products are no longer available for sale.
Conclusion
Chase and Bob Hoyt came to Shark Tank with a product that solved a common problem. But the sharks were not convinced by the Wine Doctor. They passed on the deal. The company saw a rise in sales after the show. But it eventually closed down by 2023.
Hey there, I’m Fatima Muhammad, an International Relations student, with a focus on the strategic dynamics of global relations, One of my favorite shows is Shark Tank. I love it because it showcases the creativity, determination, and strategic thinking of entrepreneurs, which I find inspiring. The show also teaches valuable lessons about innovation, business dynamics, and the importance of perseverance in the face of challenges. Read more About me.
