With more than 170 episodes spanning across eight amazing seasons, it’s fair to say that there has been no shortage of wonderful, wacky and then very often, the simply amazing on the entrepreneur pitch show on ABC, Shark Tank. Some our favorites of the most madcap include the alarm clock that wakes you with the smell of fresh sizzling bacon or the candle that has a scent that is supposed to be the most potent for attracting a man, made of a mix of BBQ, pot roast and beer, believe it or not.
it’s not all silliness though, as there have been amazing ideas that got their big start on the show. In the following post, at DotCom Magazine we have picked out our top five.
Squatty Potty is popular personal care company that specializes particularly in a very well-known toilet stool that has been devised to encourage and facilitate much easier bowel movements. Lori Greiner and Kevin O’Leary were the Sharks that took the bait and invested $350,000 in the business for a meagre 10% of the equity. After making the deal, Squatty Potty experienced an increase in sales by $1m within just 24-hours. The figures rose to $19m during 2015 and last year it was expected to make a whopping $30m.
Wicked Good Cupcakes
Wicked Good Cupcakes was a company that had been producing and selling gourmet-style cupcakes that were shipped nationally in jars. It was the so-called tough shark, Financial pundit and Canadian Kevin O’Leary that invested in the business. He put up $75,000 for royalties and $1 for every cupcake sold until he had broken even, then he cut it down to $0.50 for every cupcake after that. In terms of sales, the company experienced around $5m in sales after the season four episode they were featured on aired in 2016.
Buggy Beds is a company that presented a product that provided an early prevention and detection system for bed bugs. All five sharks, that is Barbara Corcoran, Daymond John, Mark Cuban, Robert Herjavec and Kevin O’Leary bit the bait and put $250,000 into the business for 25%. Since taking part in the show, the company and product has experienced international growth in 23 countries and reached sales of over £1.2m
Groovebook was a company that offered a subscription service that enabled its customers to receive tailormade bound books of high-res photos that had been taken on their smartphones. Kevin O’Leary and Mark Cuban were the sharks that invested in this particular product offering $150,000 for a massive 80% of the licensing profits. The company received a surge of 50,000 subscribers after the episode had aired with their pitch and in 2014, Shutterfly bought the company for $14.5m.
Scrub Daddy was a special super sponge that could be reusable and had a smiling face shape that got soft when it was in warm water and firm when it was in cold water. It had been tested in labs to resist odors and rinse debris clear for as long as two months. The shape was ergonomically designed to simultaneously clean two sides of kitchen utensils. Lori Greiner was the shark that invested, giving $200,000 for 20% of the equity. Since it was featured on the show and won the help of Lori, it has sold 10m units, accumulating $50,