Vincent Zaldivar, aka Coco Vinny, wants the Sharks to tap into his equity in Coco Taps, his coconut tapping and re-sealing product, in Shark Tank episode 909. Coco Vinny grew up in Las Vegas and heard about the benefits of drinking coconut water to boost electrolytes. When he tried packaged coconut water, he didn't like it. When a friend introduced him to fresh coconut water – straight from the coconut itself – he was hooked.
The problem he had was he couldn't find a way to tap into coconuts efficiently. After breaking a knife opening a coconut, he sought a solution. That's when he invented (and patented) Coco Taps. Essentially, the product drills a hole into a young coconut, then a resealable, screw top spigot twists into the hole. Once tapped, the coconut acts as a vessel for the water within; drink it all at once or save some in the fridge for later.
Coco Vinny reached out to Wynn Resorts in his native Las Vegas and started offering “branded coconuts” for sale in various casino bars. Each branded coconut comes pre-tapped with a custom logo burned into the side of the coconut. He also offers a Coco Taps business kit for juice bars that allows operators to tap and self brand their own coconut water. If you want a Coco Tap for yourself, they're available on Amazon for $24.95. Each kit comes with the Coco Taps drill and two reusable, resealable taps.
Coco Vinny likely needs a Shark to help him build inventory and build the branded coconut side of the business. Will a Shark tap into this potentially lucrative business?
Coco Taps Company Information
Posts about Coco Taps on Shark Tank Blog
Coco Taps Shark Tank Recap
Vinny will pitch the panel of five Sharks on the business and its prospects for growth. He'll need to convince Mark Cuban, Barbara Corcoran, Rohan Oza, Lori Grenier, and Robert Herjavec that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but he’ll need to show them HE is capable of running the company to “Shark standards." A full pitch re-cap on Coco Taps will be available on Shark Tank Blog once this episode airs.
Coco Taps Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on Coco Taps & Coco Vinny Zaldivaras more details become available.