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.
Wicked Good Cupcakes
Tracey Noonan and her daughter Danielle Desroches entered Shark Tank in Season 4 with a novel dessert idea of a cupcake in a jar. The duo struck a sweet deal with Kevin O’Leary, who invested $75,000 for royalties instead of equity. During the first year after airing on Shark Tank, Wicked Good Cupcakes made $8 million in sales, which was a 600% increase.
Founded by David Heath and Randy Goldberg, Bombas Socks is a company producing high-performance athletic socks. The only Shark interested in the business was Daymond John, who offered Heath and Goldberg $200,000 for a 17.5% stake. After that, the total sales of the company increased from $450,000 to $12 million in just nine months.
An eyeglass company that makes its frames out of wood and other recycled and sustainable materials, Proof Eyewear is one of the most successful Shark Tank rejects. Two Sharks, Kevin O’Leary and Robert Herjavec, were interested in the idea, but no agreement was achieved and the founders of the company, the Dame brothers, left the show with no deal. Yet, since appearing on Shark Tank, sales of the company have gone up more than three times.
Invented by two female entrepreneurs, Veronica Perlongo and Maria Curcio, Buggy Beds is a unique bed bug detection system. All five sharks wanted to invest their money in the company, splitting a total of $250,000 investment. The products are currently available in many countries all over the world, and the company pulled in an estimated $1.2 million in sales in 2016.
In season 6, Young entrepreneur Lani Lazzari landed a deal with Mark Cuban, who offered her $100,000 for 33% of her company, Simple Sugars. Simple Sugars is line of facial and body scrubs. In its first seven years, Simple Sugars notched a total of just $55,000 in sales. However, within just 24 hours after the episode was aired, it sold four times that amount. Since then, the company has become a popular skincare brand, making millions annually.