In 2009, Shark Tank premiered on ABC, and little did anyone know that it would change the fate of many. Shark Tank is an?American franchise of the international format Dragons' Den, which originated in Japan as Money Tigers in 2001.
The show's concept is simple:?inventors and entrepreneurs pitch their products?to real-life investors (called sharks). After carefully evaluating the products, the sharks decide whether to strike a deal with the entrepreneurs or give it a pass.?
Be it alarm clocks that wake you up or a unique fitness board, and in over 283 episodes that have aired, the audience has seen it all from silly to innovative.?
Over the years and with its Indian version making headlines, Shark Tank has successfully given a platform to products that had potential.?Since 2019, the hit show has been renewed for its eleventh, twelfth, and thirteenth seasons.
While most of us are busy binge-watching the Indian version, here's a recap of the show with some of the most successful brands that owe a large part of its success to Shark Tank.
Founder:?Aaron Krause
Product:?Scrub Daddy focuses on making high-performance cleaning products. They combine exclusive materials with fun, functional designs. Their USP: Texture changing scrubbers, smell-resistant sponges, scratch-free scour pads.
Watch their pitch here:
ASKED FOR: $100,000 For 10%
ACCEPTED OFFER:?$200,000 For 20%
Success after Shark Tank:??In 2020 May, ABC aired a 20/20 extraordinary entitled ¡°Swimming with Sharks,¡± Scrub Daddy was named ¡°Shark Tank¡¯s most successful product to date.¡±?Today, they have added more products to their cleaning range, including screen cleaners, sponge Caddies, seasonal colors.?
Founder:?Evan Mendelsohn and Nick Morton
Product:??It is a holiday-themed apparel company. They sell holiday sweaters and other holiday-themed items through its website and other online vendors.?
Watch their pitch here:?
ASKED FOR $100,000 For 5%?
ACCEPTED OFFER $100,000 For 10%
Success after Shark Tank:?Tipsy Elves had announced $8 million projected sales in episode 12 of season 6.?The Tipsy Elves consider Shark Tank the best thing to ever happen to them.?As of January 2022, their lifetime sales have exceeded $120 million, and their annual revenues have exceeded $6 million.?They also donate a part of each sale to charity.?Over 500 products are now available in the product line due, including their ski clothing. They also collaborated with?Sony Pictures¡¯ for product placement in Seth Rogan¡¯s ¡°The Night Before.¡±?
Founder:?Hilary Novelle
Product:?It claims to be a revolutionary overnight hair curler that helps you in saving time while it curls your hair without damaging them. Created from absorbent memory foam, the product has been designed to be worn to bed.
ASKED FOR?$500,000 For 20%?
ACCEPTED OFFER $500,000 Line Of Credit For 22%
Success after Shark Tank:?
After receiving funding from Lori Greiner, The Sleep Styler made $1.5 million in sales.It became available on QVC, Walmart, Bed, Bath & Beyond, and Amazon three weeks later, earning over $100 million in sales.?They currently sell on Amazon with retail prices ranging from around $10 to $30. As of 2019, the Sleep Styler had made lifetime sales of more than $100 million.
Founder:?Wombi Rose And John Wise
Product: They make?3D Paper Popup greeting cards for all occasions
Watch their pitch here:
ASKED FOR $300,000 For 10%?
ACCEPTED OFFER $300,000 For 15%
Success after Shark Tank:?After Shark Tank, Love Pop made 300 designs available in 950 retail stores nationwide and established cross-promotional relationships with other brands.?The company has expanded its product line and now sells flower bouquets, gift tags, calendars, and bracelets.?
The 2017 Billboard Music Awards also featured paper sculptures created by Lovepop. In September, they have signed contracts with bookshops affiliated with the American Booksellers Association. Amidst the 2020 Covid-19 epidemic, LovePop repositioned itself in the market and utilized its manufacturing equipment to produce face shields.
Product: Bombas is a?high-end sock company for men and women.?They donate one to the homeless and needy for every pair of socks sold.
Founder:?Randy Goldberg And David Heath
Watch their pitch here:
ASKED FOR $200,000 For 5%?
ACCEPTED OFFER $200,000 For 17.5%
Success after Shark Tank:?They added new products apart from socks, including underwear, t-shirts, and slippers for men, women, and children.By August 2021, the company had donated over $50 million worth of clothing. It is still touted as one of the best pitches in the history of Shark Tank.?
Product:?It is a wearable weights company based in Los Angeles. Their wearable weights were designed to add resistance to your workout in their first collection. They could either be worn on ankles or wrists during an exercise or recreational activity.
Founders:?Natalie Holloway And Max Kislevitz
Watch their pitch here:
ASKED FOR $400,000 For 10%?
ACCEPTED OFFER $900,000 For 30%
Success after Shark Tank:??The Bala Shark Tank episode aired initially in February 2020.Bala succeeded in fulfilling the demand for the product. It also cracked a deal with their new investor Maria Sharapova.?Their current product line includes a gamut of accessories in different color pairings. The brand has crossed milestones and is now located in over 1,000 global retail locations.
Product:?The Simply Fit Board is exercise equipment that aims to make fitness easier to maintain at home. Made with high-quality plastic, this lightweight, curved board utilizes the core, leg, and back muscles to build strength by doing fun twisting motions.
Founders:?Linda Clark And Gloria Hoffman
Watch their pitch here:
?ASKED FOR $125,000 For 15%?
ACCEPTED OFFER $125,000 For 20%
Success after Shark Tank:?¡°Before Shark Tank, we had done $575,000 in sales,¡± Hoffman said in a Shark Tank update clip. ¡°24 hours after being on Shark Tank, we did $1.5 million in sales.¡±?
They claimed they were sold out in just 6 minutes after airing their infomercial.?According to Greiner¡¯s website, their retail sales increased from $575,000 to $9 million within seven months of Shark Tank's airing. In just the fourth quarter of 2016, more than one million Simply Fit Boards were shipped to retail stores.?
Product: The original blanket sweater
Founders:?Brian Speciale And Michael Speciale
Watch their Shark Tank pitch here:
ASKED FOR $50,000 For 20%?
ACCEPTED OFFER $50,000 For 30%
Success after Shark Tank:?? They were sold out within 24 hours after their Shark Tank episode. The brothers extended their product line to The Comfy Feet, Comfy Kids, and Comfy Hoodie options. They are touted as Shark Tank's 5th best-selling product ever.
Product:?Farm-To-Table Flower Delivery Service
Founder:?John Tabis
Watch their Shark-Tank pitch here:
ASKED FOR $258,000 For 3%?
ACCEPTED OFFER No Deal
Success after Shark Tank: Despite not cracking a deal with the investors (Sharks),??five years after its ¡°Shark Tank¡± debut, The Bouqs Company secured $55 million in funding, grown to 80 employees. The brand also moved into a new office in Marina del Rey, California, and introduced several new product categories.
Product:?The Squatty Potty is a step stool that elevates your feet to use your toilet-using experience. The product is?available in plastic bamboo and a variety of colors.
Founders:?Bobby Edwards & Judy Edwards
Watch their pitch here:
ASKED FOR $350,000 For 5%?
ACCEPTED OFFER $350,000 For 10%
Success after Shark Tank:?Despite not being the most successful shark tank story, the product idea has changed many lives. The shark Tank investment proved fruitful for the brand, and it managed $164 million in sales as of September 2021. Several other designs and products have been developed, leaving expansive room for the brand to grow exponentially.
Product:?It is an entertainment production company that creates scary Halloween experiences. It focuses on developing, owning, and producing live attractions in the horror genre.
Founder:?Melissa Carbone?
Watch Mellisa's pitch here:
?ASKED FOR $2,000,000 For 10%?
ACCEPTED OFFER $2,000,000 For 20%
Success after Shark Tank:?Melissa Carbone and her troop of scary actors from Ten Thirty One Productions appeared on Shark Tank in episode 509 on October 25, 2013.?They cracked one of the highest investment values in the show's history.?The brand has expanded to New York, started their ¡°Ghost Ship¡± experiences in California, and has also done a summer tour of ¡°Horror Camp outs.¡±
After their partnership with Mark, they did $2 million in sales with projections for $4 million in 2015. The team boasts of 1000 cast members for the different venues, and Melissa has focused on building the world's most prominent ¡°horror entertainment¡± company. In 2014 they expanded to New York. Sadly, in 2016, a patron was seriously injured when a fog machine fell on her. After a lengthy lawsuit, the company was acquired in 2018 by Thirteenth Floor Entertainment Group, the world¡¯s largest haunted house company. The amount has never been disclosed.
(Also read:?From Aman Gupta To Peyush Bansal, Here¡¯re The Shark Tank Judges & Their Net Worth)?
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