With eight seasons and almost 200 episodes, the popular American reality TV series Shark Tank has seen a number of interesting products and businesses. The point of the show for the contestants is to convince the judges (the Sharks) to invest in their business ideas to make them profitable. Yet, despite their outstanding experience and know-how, the judges have rejected some ideas that later turned out to be very successful and have earned the rejected contestants millions of dollars. From crazy sweaters from Tipsy Elves to the dating website Coffee Meets Bagel, today’s post will show you 25 Wildly Successful Shark Tank Businesses You’ll Want To Hear About.
Founded by Nick Morton and Evan Mendelsohn, Tipsy Elves is a company that produces creative Christmas sweaters. Robert Herjavec was the only Shark to see the high potential in the idea as he offered the company $100,000 for 10% equity back in December 2013. In 2016, the company’s revenues were estimated at a staggering $8 million.
When Lori Greiner nabbed a deal with Scrub Daddy founder Aaron Krause in 2012, offering him $200,000 for 20% equity, she promised to make Krause a millionaire. She fulfilled that promise; two and a half years later, Scrub Daddy, a smiley-faced sponge that boasts to “clean better and be more hygienic” sold more than 10 million units and made over $50 million in sales.
Breathometer is an innovative breath sensing device created by Charles Yim. The product looked so promising that all five Sharks (Mark Cuban, Kevin O’Leary, Daymond John, Robert Herjavec, and Laurie Greiner) wanted to fund it. They offered a total of a $1 million investment for a 30% stake in the company. Soon after being featured in the show, Breathometer partnered with the prestigious Cleveland Clinic and become a very popular and top-selling product.
Bubba-Q’s Boneless Ribs
Season 5 of the show was in for a treat with the introduction of Bubba-Q’s Boneless Ribs. Founder Al “Bubba” Baker brought his idea to the show and signed a deal with Daymond John, who provided him with $300,000 for a 30% stake. Bubba-Q’s Boneless Ribs then expanded to many retail stores including Costco, Walmart, Sears, and other supermarket chains, making millions in sales annually.
Ten Thirty One Productions
Mark Cuban made the biggest investment of his five seasons on Shark Tank in 2013 when he put down $2 million for a 20% stake in Melissa Carbone’s horror attraction company, Ten Thirty One Productions. The company has been a huge success, having expanded from Los Angeles to other US cities. Cuban even said it was one of his most profitable deals.
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