Shark Tank-pitched products America loves
Shark Tank successes
From sugar-based skincare to a smiley-faced sponge, Shark Tank, the hit American TV show has had its share of hugely popular pitched products since it first aired in 2009. Read on to discover the best products to date, the most successful deals ever and how a Shark Tank reject bounced back with a billion-dollar deal with Amazon...
Simple Sugars
Teen entrepreneur, Lani Lazzari, bravely faced the sharks back in 2013 with hopes of gaining funding for her sugar-based skincare line Simple Sugars. The 18-year-old wowed Mark Cuban with her pitch, offering Lazarri $100,000 for a third of her company, which she happily accepted. It was a smart decision, as within three days of airing sales boomed to $600,000. This success has continued and in 2018 Lazzari said that the business was on track to reach $2.5 million in sales that year.
Prep Expert
Shaan Patel, creator of Prep Expert (formally know as 2400 Expert), pitched his idea for an education start-up to help students ace standardised tests to the sharks in January 2016. Patel’s request for $250,000 in exchange for 10% equity for his company was rejected by almost all the sharks, concerned that Patel could not fully commit due to college commitments. However, Mark Cuban believed Patel could continue as a student entrepreneur and offered the money for 20% equity. Since then, Prep Expert has helped thousands of students nationwide, and generated $6 million in revenue in 2018.
Xero Shoes
Self- named “ageing hippie athletes” Steven Sasha and Lena Phoenix created Xero barefoot running shoes back in 2009 and pitched to the sharks in 2013. Although the couple failed to get their desired $400,000 for an 8% share of Xero from the sharks, the business has flourished, and benefited from the publicity. The company saw sales grow by 84% between 2014 and 2018, and it sold $8.8 million worth of running shoes in 2018.
Courtesy ABC/ Michael Desmond
IllumiBowl
Matt Alexander and Mike Kannely, faced the sharks in March 2016, pitching their motion activated toilet bowl light, IllumiBowl they founded via Kickstarter in 2014. The pair were seeking a $100,000 investment from the sharks in exchange for 15% equity. After some toilet talk, shark Kevin O’Leary offered the duo $100,000 for 25% of the company which they accepted. Since the show, USA Today reports that IllumiBowl has made $11 million in sales as of last year.
Copa Di Vino
Oregon entrepreneur James Martin presented his wine-in-a-cup idea to the sharks not once but twice in seasons two (2011) and three (2012). After appearing on the show the first time sales leaped from $600,000 to $5 million a year and producers gave him another chance to pitch for a deal. But he walked away without a deal both times. Described as “the one that got away” by shark Kevin O'Leary, Martin has made a tremendous success of Copa Di Vino, and reportedly made $12 million in sales in 2016.
Chef Big Shake Shrimp Burgers
Appearing in the same episode as Copa Di Vino in season two in March 2011, Shawn Davis' gourmet seafood burger concept was rejected by the hard-to-please sharks, and he was left empty-handed. But Davis' appearance on the show got his brand attention and he soon found another investor, and sales of his shrimp pattie went from $30,000 to $5 million in just one year. Chef Big Shake has since stopped selling his burgers in grocery stores because of the fees, but they can still be found in restaurants and Davis has started franchising out his restaurant.
GrooveBook
Brian and Julie Whiteman, the husband and wife team appeared on the show in January 2014, pitching Groovebook, a mobile app and subscription service that prints a selection of smartphone photos every month and sends them as a personalised photo book to the customer. Mark Cuban and Kevin O'Leary offered the couple $150,000 in exchange for 80% of the licensing rights. Subscribers increased from 30,000 to 500,000, and in 2014 Groovebook was bought by Shutterfly for a whopping $14.5 million.
Rocketbook
Jake Epstein and Joe Lemay, the creators of Rocketbook pitched their smart reusable notebook in the 2018 season finale. Rocketbook uploads notes to the cloud and can be microwaved to erase old data. Although the sharks turned their noses up at the device, the gizmo has reportedly generated over $15 million in revenue as of last year and earned the title of Amazon's top-selling notebook in November 2016.
PRx Performance
Fitness enthusiasts Erik Hopperstad and Brian Brosh presented their home gym system PRx Performance to the sharks back in 2016 asking for an $80,000 investment for 10% equity. The creation takes big gym equipment and compacts it for smaller spaces. Hoppsterstad and Brosh bagged a deal with shark Kevin O’Leary, who offered them $80,000 for 20% and 20% of any distributions. Since the episode’s air, the business has reportedly earned $15 million in sales.
Courtesy In With The Sharks
Bottle Breacher
Military couple Eli and Jennifer Crane were seeking a $150,000 investment in exchange for 10% for their personalised 50 calibre bullet bottle openers. The pair appeared on the show in 2014 branding it the “the ultimate manly gift” but wanting to breach the market further. Sharks Mark Cuban and Kevin O’Leary saw the potential and offered a combined deal of $150,000 for 20% of the company, which the couple accepted. Since their appearance Bottle Breachers nearly reached $17 million in sales as of August 2018 according to their website.
Wicked Good Cupcakes
Mother-daughter duo Tracey Noonan and Danielle Vilagie managed to win over 'tough' shark Kevin O'Leary with their delicious cupcakes in jars in season four. O'Leary invested $75,000 for royalties, entitling him to $1 per cupcake sold until he broke even, and 50 cents thereafter. O'Leary didn't have to wait too long for a decent profit. Sales of the cupcakes hit the roof following the episode in 2013, earning $20 million as of last year.
Courtesy ABC/ Kelsey McNeal
Sand Cloud
Beach towel startup co-founders Brandon Leibel, Bruno Aschidmanini and Steven Ford took on the sharks in 2017, with the hopes of expanding their already successful business, having already made $2.4 million in sales in 2016. The surfers took their Shark Tank appearance very seriously and won a $200,000 investment in exchange for 15% of the business. The friends used the money to improve their website for growth. It's worked: between 2015 and 2018 revenue grew by 1,469%, and in 2018 alone they generated sales of $6.8 million.
Sun-Staches
Dan Gerson, Dave Levich and Eric Liberman certainly tried to barter for a shark’s investment in their “fun spin on a classic accessory” with their novelty face wear Sun-Staches in season 6 of the show. After a relentless back and fourth between the trio and John, they eventually budged, agreeing on a $300,000 investment for 20% equity. Since their appearance, the co-founders have reportedly made $24 million in sales and landed a licensing deal with Marvel.
The Original Comfy
The Original Comfy is the brainchild of Brain and Michael Speciale, a sweatshirt- blanket hybrid appeared on the show in December 2017. Despite the Shark’s concerns of its similarities with Snuggie, the brothers took Barbara’s offer of $50,000 for a 30% stake a little higher than the pitched stake of 20%. However, The Original Comfy has become a huge success ever since, reportedly earning over $25 million in sales as of 2018.
Bubba's-Q Boneless Ribs
Shark Daymond John was unable to resist investing $300,000 for 30% equity in former NFL player Al 'Bubba' Baker's boneless ribs business in episode 11 of season five. Following the December 2013 episode, Baker showcased his ribs on QVC and made a multimillion-dollar deal with CKE Restaurants, the parent company of Carl's Jr. and Hardee's. And sales have flourished, with the business making as much as $16 million as of 2017.
Tower Paddle Boards
Another avid surfer and paddleboarder, Stephen Aarstol, presented his pitch on Shark Tank for a stand-up surfboard in 2012. All of the sharks declined to invest except Mark Cuban, a guest shark at the time, who decided to invest $150,000 for 30% of Tower Paddle Board. With Cuban’s help, the company amassed an impressive $33 million in sales as of last year, expanding beyond the online market by opening a physical store in Sand Diego in 2017.
Drop Stop
A near-death experience sparked friends Marc Newburger and Jeffrey Simon’s lightbulb moment, a device that covers the space between the car seat and handbrake and pitched the idea in 2014. Drop Stop was born after Newburger nearly crashed his car into a pedestrian and a pole after trying to retrieve his phone from the notorious gap. The pair managed to win over QVC Queen Lori Greiner, offering $300,000 for 20% equity of their company. Drop Stop has made over $38 million in sales since the show.
Grace & Lace
Another flourishing fashion firm and Barbara Corcoran's most successful Shark Tank investment, Grace & Lace has been a major moneymaker since company husband-and-wife founders Rick and Melissa Hinnant appeared on the show in November 2013. Corcoran offered $175,000 in the company in exchange for 10% equity. And it was a savvy investment as the affordable boho style clothing company made $36 million in sales as of 2018.
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FiberFix
Another Lori Greiner success story is Spencer Quinn and Eric Child, who showcased their invention, a heavy-duty repair tape called FiberFix, back in 2016. The pair were seeking $90,000 for a 10% equity in their company and impressed the sharks with the durability and strength of the product. They settle on Lori Greiner’s offer of $120,000 for 12% confident in her QVC expertise. Since the show, popularity has exploded, with reports of over $50 million in retail sales as of last year.
Cousins Maine Lobster
In 2012, cousins Sabin Lomac and Jim Tselikis set up a gourmet food truck in Los Angeles specialising in Maine imported lobster and didn't waste any time successfully selling the rolls to seafood-loving Los Angelenos. Eager to start a chain, the cousins pitched their business to the sharks in November 2013 and made a deal with New York real estate queen Barbara Corcoran, who invested $55,000 for 15% equity. An ambitious expansion programme followed, and the cousins now have a fleet of trucks across the USA, with revenues reaching a reported $50 million as of last year.
Bantam Bagels
New York bagel enthusiasts Nick and Elyse Oleksak brought their bite-sized bagels to the shark’s table in 2014. The couple secured a $275,000 from Lori Greiner and their business has boomed. According to Greiner, sales have grown to over $40 million, including product lines in Starbucks, and the pair sold their business to T. Marzetti Company for $34 million last year.
Red Dress Boutique
In season four Mark Cuban and Robert Herjavec invested $1.2 million in Red Dress Boutique, an online-focused fashion firm founded by husband-and-wife entrepreneurs Josh and Diana Harbour, in exchange for 10% equity. Following the October 2014 episode, Cuban helped the couple resolve their sales and website issues and the company is continuously on the rise, even opening a store in Athens, Georgia.
Tipsy Elves
Maximising on the ugly Christmas jumper trend, Evan Mendelsohn and Nick Morton founded novelty clothing company Tipsy Elves in 2011. Mendelsohn and Morton turned to the sharks for some much-needed funding, in December 2013. Robert Herjavec recognised the company’s potential, offering $100,000 for 10%. Thanks to his help, Tipsy Elves has reportedly earned an incredible $100 million in sales as of 2018. It still holds the title of Herjavec's most successful investment to date.
Courtesy Shark Tank Tales
Sleep Styler
Creator of Sleep Styler Tara Brown made quite the entrance on the show in May 2017, donning her prototype curlers that style your hair while you sleep. Tara’s appearance was over in a brief 20 minutes, with Lori Greiner agreeing to invest $75,000 for 25% equity of the business. According to Greiner’s website, Sleep Styler sold $50 million in the two years after it featured on Shark Tank. Pretty impressive.
Bombas
In 2014, co-founders David Heath and Randy Goldberg pitched their startup sock company to the sharks, with Daymond John offering to invest £200,000 for 17.5% equity. John was a fan of the company’s online-only model, and since the show, Bombas has reportedly achieved $78 million in revenue as of 2018.
Kodiak Cakes
Another Shark Tank reject that ended up making big bucks are entrepreneurs Cameron Smith and Joel Clark of Kodiak Cakes, a flapjack and waffle mix made with 100% whole grains and no added fats or sugars. Although they received an offer from Kevin and Barbara, wanting 50% equity in exchange for $500,000 split between them, the two declined the offer. Despite no deal, Kodiak Cakes has since skyrocketed in popularity, taking the crown of best-selling pancake mix at Target, and achieving $100 million in sales in 2018.
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Courtesy Michael Desmond/ ABC
Simply Fit Board
Sometimes simple is better, which Lori Greiner has an eye for. Another moneymaker to add to her huge list of successful deals is the Simply Fit Board, a fitness balance board for core exercises, pitched by Gloria Hoffman and her mother Linda Clark back in 2015. Greiner immediately loved the simplicity of the product offering to invest $125,000 for a 20% stake in the company. Since then, the company has reportedly made $152 million in retail sales of its products as of 2018.
Squatty Potty
Utah entrepreneur Bobby Edwards created Squatty Potty to help his mother deal with constipation and pitched the bowel-friendly footstool to the Sharks in October 2012. Shark Lori Greiner loved the idea and offered $300,000 for 10% of the business – a clever move on her part. Within 24 hours of the show's airing, more than $1 million worth of product had been sold Greiner now reports that retail sales hit over $140 million as of 2018.
Scrub Daddy
Scrub Daddy, the multi-tasking sponge company created by Aaron Krause is one of the most successful Shark Tank products of all time. Car dealer Krause pitched his product back in December 2012 and was picked up by Lori Greiner, who bagged a 20% stake in the company for $200,000. Greiner’s investment and expertise were just what Scrub Daddy needed to quickly become America’s number one sponge, generating $170 million in revenue.
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DoorBot/ Ring
Appearing on the show back in September 2013, Jamie Siminoff wanted a $700,000 investment in his company Doorbot, which makes camera doorbells that connect to your phone, so you can see who’s at the door before opening it. The sharks quickly dropped out and Siminoff was left with an unsatisfactory offer from Kevin O'Leary, which he turned down. All was well in the end, as sales exploded after the episode aired. In 2015 Simonoff, who has since rebranded Doorbot as Ring, sold his company to Amazon for over $1 billion in early 2018.