They Made a Deal on Shark Tank – But What Happened Next?
Stefan Palios — November 29, 2019 Many entrepreneurs dream of raising money from famous investors like Mark Cuban or Barbara Corcoran. It’s one of the reasons Shark Tank is so popular. But little do people know, a lot goes on after the Sharks say “yes”. There are even full blogs, like Sharkalytics and SharkTankBlog, dedicated to tracking these companies. It can be crazy to see how things go when the cameras turn off.
In particular, it’s interesting to if businesses are, well, still in business. A lot of people assume that once you raise venture capital investor money, you’re set for life. But that’s not the case at all. Sometimes businesses don’t succeed because of other reasons. Sometimes the deal even falls through after they said yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves and they choose to abandon the business. Anything is possible.
From failed investments to businesses disappearing, we’ve rounded up some of the most interesting businesses based on data from Sharkalytics – and looked into what happened after the founders made a deal with the Sharks.
A pie to tamper with
Company: Mr. Tod’s Pie Factory
Industry: Specialty Food
What the company does: Retail and wholesale pie factory with two retail locations in New Jersey.
Who pitched the Sharks? Tod Wilson
Season and episode they were on: Season 1, Episode 1.
What the founders asked for:
Asked for: $ 460,000
In exchange for: 10% equity stake
Implied valuation $ 4,600,000
Deal they got on Shark Tank:
Investment received: $ 460,000
In exchange for: 50% equity stake
Implied valuation: $ 920,000
Shark(s) that went in on the deal: Barbara Corcoran and Daymond John
Company status: MIXED.
The North Jersey Record reported that Tod Wilson was arrested in 2017 on charges of witness tampering. However, the company still seems to be in operation based on an active Twitter account and listing on Google Maps.
Disappearing broccoli
Company: Broccoli Wad
Industry: Novelties
What the company does: A rubber band that works as a money clip.
Who pitched the Sharks? Johnny Gennaro & Vinny Pastore
Season and episode they were on: Season 2, Episode 4.
What the founders asked for:
Asked for: $ 50,000
In exchange for: 20% equity stake
Implied valuation: $ 250,000
Deal they got on Shark Tank:
Investment received: $ 50,000
In exchange for: 40% equity stake
Implied valuation: $ 125,000
Other terms: Closing conditions called for the product name to be changed to the Vinny Wad and for Vinny Pastore’s resemblance to be on the product. Barbara’s investment bought her a 40% stake, of which she gave half to Vinny for becoming the face of the product.
Shark(s) that went in on the deal: Barbara Corcoran
Company status: FAILED.
The company disappeared shortly after the deal was done, according to 2paragraphs.com, and the founders moved onto other projects.
Reinventing the wheel
Company: Shark Wheel
Industry: Outdoor Recreation
What the company does: Shark Wheel’s wheel design is not circular, it’s Q-shaped, to put it as simply as possible. It goes on all sorts of things – skateboards, strollers, and more.
Who pitched the Sharks? David Patrick and Zack Fleishman
Season and episode they were on: Season 6, Episode 29.
What the founders asked for:
Asked for: $ 100,000
In exchange for: 5% equity stake
Implied valuation: $ 2,000,000
Deal they got on Shark Tank:
Investment received: $ 225,000
In exchange for: 7% equity stake
Implied valuation: $ 3,000,000
Other terms: Kevin, Nick and Mark also get a 10% royalty on sales until $ 500,000 are recouped.
Shark(s) that went in on the deal: Kevin O’Leary, Mark Cuban, and Nick Woodman
Company status: SUCCESS.
According to Crunchbase, the company raised a further investor round of over $ 600,000. They are still in operation today and sell their wheels online.
No pollution cars for cities
Company: Zero Pollution Motors
Industry: Automotive
What the company does: Zero Pollution Motors is launching the AIRPod vehicle, a small zero-pollution vehicle designed for use in cramped urban centers.
Who pitched the Sharks? Ethan Tucker and Pat Boone
Season and episode they were on: Season 6, Episode 27.
What the founders asked for:
Asked for: $ 5,000,000
In exchange for: 50% equity stake
Implied valuation: $ 10,000,000
Deal they got on Shark Tank:
Investment received: $ 5,000,000
In exchange for: 50% equity stake
Implied valuation: $ 10,000,000
Shark(s) that went in on the deal: Robert Herjavec
Company status: SUCCESS.
The business seems to be in operation, with their website (zeropollutionmotors.us) offering people the chance to reserve their AIRPod vehicle.
A face lift for your mouth
Company: AngelLift
Industry: Cosmetics
What the company does: Angellift Dermastrips are over-the-counter facial lifting strips that are worn inside the mouth, over the teeth for 10-30 minutes a day.
Who pitched the Sharks? Aaron Bruce
Season and episode they were on: Season 5, Episode 27.
What the founders asked for:
Asked for: $ 500,000
In exchange for: 10% equity stake
Implied valuation: $ 5,000,000
Deal they got on Shark Tank:
Investment received: $ 500,000
In exchange for: 15% equity stake
Implied valuation: $ 3,333,333
Other terms: Lori’s investment is to be used solely for the purpose of funding QVC purchase orders. The deal is also contingent on proof of patent, proof that $ 3,000,000 of retail sales have been done, and finally, review of the clinical trials.
Shark(s) that went in on the deal: Lori Greiner
Company status: MIXED.
The Shark Tank deal didn’t end up happening, according to Sharklytics.com. The business appears to be in operation, but their social media has been in active since summer 2019.
Lobster boys
Company: Cousins Maine Lobster
Industry: Food
What the company does: A lobster roll food truck run by two cousins originally from Maine, operating in Southern California.
Who pitched the Sharks? Jim Tselikis and Sabin Lomac
Season and episode they were on: Season 4, Episode 6.
What the founders asked for:
Asked for: $ 55,000
In exchange for: 5% equity stake
Implied valuation: $ 1,100,000
Deal they got on Shark Tank:
Investment received: $ 55,000
In exchange for: 15% equity stake
Implied valuation: $ 366,667
Shark(s) that went in on the deal: Barbara Corcoran
Company status: SUCCESS.
The business is operational and growing after the Shark Tank investment went through.
Nutty for nut butter
Company: Wild Squirrel Nut Butter
Industry: Food
What the company does: Homemade peanut butters.
Who pitched the Sharks? Erika Welsh and Keeley Tillotson
Season and episode they were on: Season 3, Episode 14.
What the founders asked for:
Asked for: $ 50,000
In exchange for: 10% equity stake
Implied valuation: $ 500,000
Deal they got on Shark Tank:
Investment received: $ 50,000
In exchange for: 40% equity stake
Implied valuation: $ 125,000
Shark(s) that went in on the deal: Barbara Corcoran
Company status: SUCCESS.
According to a Forbes interview, the company is thriving. The founders are looking to add more products to the line and are doing millions of dollars in nut butter sales.
A deal for royalty
Company: Gift Card Rescue
Industry: Retail and E-Commerce
What the company does: A web-based company that buys back and sells some of the 10% of all unused gift cards each year in the US.
Who pitched the Sharks? Kwami Kuadey
Season and episode they were on: Season 1, Episode 4.
What the founders asked for:
Asked for: $ 150,000
In exchange for: 30% equity stake
Implied valuation: $ 500,000
Deal they got on Shark Tank:
Investment received: $ 200,000
In exchange for: 50% equity stake
Implied valuation: $ 400,000
Other terms: Robert and Kevin O’Leary also get a 5% royalty with the deal.
Shark(s) that went in on the deal: Kevin O’Leary and Robert Herjavec
Company status: FAILED.
As reported by the Baltimore Sun, Gift Card Rescue shut down in 2016, not too long after their Shark Tank appearance.
Cups for everyone
Company: Lollacup
Industry: Baby and Childcare
What the company does: Lollacup is one well-engineered sippy cup. It comes with a valve-free, weighted straw that small children can easily learn to drink from, even when Lollacup is tilted.
Who pitched the Sharks? Hanna Lim
Season and episode they were on: Season 3, Episode 12.
What the founders asked for:
Asked for: $ 100,000
In exchange for: 15% equity stake
Implied valuation: $ 666,667
Deal they got on Shark Tank:
Investment received: $ 100,000
In exchange for: 40% equity stake
Implied valuation: $ 250,000
Shark(s) that went in on the deal: Mark Cuban and Robert Herjavec
Company status: SUCCESS.
The company expanded into other baby products like plates and utensils, and the business seems to be going well.
Sweeping away the Sharks
Company: Sweep Easy
Industry: Home and Cleaning
What the company does: A new kind of broom with a built-in scraper.
Who pitched the Sharks? Shane Pannell
Season and episode they were on: Season 2, Episode 6.
What the founders asked for:
Asked for: $ 40,000
In exchange for: 25% equity stake
Implied valuation: $ 160,000
Deal they got on Shark Tank:
Investment received: $ 80,000
In exchange for: 25% equity stake
Implied valuation: $ 320,000
Shark(s) that went in on the deal: Kevin Harrington and Daymond John
Company status: MIXED.
The Shark Tank deal ended up falling through, but founder Shane Pannell continued working. The business is still operating and you can buy the sweep easy brooms on Amazon.
STEM toys, ahoy
Company: Qubits
Industry: Toys
What the company does: Qubits is a new construction toy for kids. Recommended for ages 4 to 16.
Who pitched the Sharks? Mark Burginger
Season and episode they were on: Season 1, Episode 14.
What the founders asked for:
Asked for: $ 90,000
In exchange for: 51% equity stake
Implied valuation: $ 176,471
Deal they got on Shark Tank:
Investment received: $ 90,000
In exchange for: 51% equity stake
Implied valuation: $ 176,471
Other terms: Contingent on Daymond being able to get a deal with a major toy company
Shark(s) that went in on the deal: Daymond John
Company status: MIXED.
The deal ultimately fell through, but Daymond John remained a mentor to the company. They secured their own growth partnerships and are still operating.
They’re searching everyone
Company: Postcard on the Run
Industry: Online Services
What the company does: An easy-to-use mobile app that allows you to take a photograph from your phone and instantly send it as a real printed postcard.
Who pitched the Sharks? Josh Brooks
Season and episode they were on: Season 5, Episode 1.
What the founders asked for:
Asked for: $ 300,000
In exchange for: 5% equity stake
Implied valuation: $ 6,000,000
Deal they got on Shark Tank:
Investment received: $ 300,000
In exchange for: 7% equity stake
Implied valuation: $ 4,000,000
Shark(s) that went in on the deal: Robert Herjavec
Company status: FAILED.
The company shut down in an announcement from 2015 after competition pushed them out of business, as reported on SharkTankBlog.com.
Greasy product, solid business
Company: Grease Monkey Wipes
Industry: Outdoor Recreation
What the company does: Individually-packaged degreasing cleaning wipes formulated for cyclists to easily remove grease and grime from working on bicycles.
Who pitched the Sharks? Tim Stansbury and Erin Whalen
Season and episode they were on: Season 1, Episode 12
What the founders asked for:
Asked for: $ 40,000
In exchange for: 40% equity stake
Implied valuation: $ 100,000
Deal they got on Shark Tank:
Investment received: $ 40,000
In exchange for: 40% equity stake
Implied valuation: $ 100,000
Shark(s) that went in on the deal: Barbara Corcoran and Robert Herjavec
Company status: SUCCESS.
The company is still in operations after a successful Shark Tank deal.
Customers hear you!
Company: Origaudio
Industry: Electronics
What the company does: The Rocket, the company’s flagship product, can turn anything into a speaker through its vibrations.
Who pitched the Sharks? Jason Lucash and Michael Szymczak
Season and episode they were on: Season 2, Episode 8.
What the founders asked for:
Asked for: $ 150,000
In exchange for: 15% equity stake
Implied valuation: $ 1,000,000
Deal they got on Shark Tank:
Investment received: $ 150,000
In exchange for: 15% equity stake
Implied valuation: $ 1,000,000
Shark(s) that went in on the deal: Robert Herjavec
Company status: SUCCESS.
Still operational, the company expanded into multiple different product lines and touts its high customer satisfaction on its website.
Bottles on bottles
Company: The Clean Bottle
Industry: Water bottles
What the company does: A water container that unscrews from the bottom as well as the top for ease of cleaning.
Who pitched the Sharks? Dave Mayer
Season and episode they were on: Season 3, Episode 1.
What the founders asked for:
Asked for: $ 60,000
In exchange for: 5% equity stake
Implied valuation: $ 1,200,000
Deal they got on Shark Tank:
Investment received: $ 60,000
In exchange for: 8% equity stake
Implied valuation: $ 750,000
Shark(s) that went in on the deal: Mark Cuban
Company status: MIXED.
BicycleRetailer.com reported that the company was looking to be acquired in 2018, but recent news suggests that whatever the outcome, the company is running successfully.
Learn guitar quickly, apparently
Company: Chord Buddy
Industry: Music
What the company does: A two-month learning system that teaches which chords to play on the guitar.
Who pitched the Sharks? Travis Perry
Season and episode they were on: Season 3, Episode 3.
What the founders asked for:
Asked for: $ 125,000
In exchange for: 10% equity stake
Implied valuation: $ 1,250,000
Deal they got on Shark Tank:
Investment received: $ 175,000
In exchange for: 20% equity stake
Implied valuation: $ 875,000
Other terms: The deal stipulates that $ 50,000 of the investment will be placed in escrow, set aside to be used to make an infomercial.
Shark(s) that went in on the deal: Robert Herjavec
Company status: SUCCESS.
The company’s website suggests it’s still running and boasts media coverage in Forbes, CNBC, ABC, and The Today Show, among others.
Sold it all to the Sharks
Company: Classroom Jams
Industry: Education
What the company does: An educational record label and publishing house designed to get students into learning about classic works of literature.
Who pitched the Sharks? Mark Furigay
Season and episode they were on: Season 1, Episode 2.
What the founders asked for:
Asked for: $ 250,000
In exchange for: 10% equity stake
Implied valuation: $ 2,500,000
Deal they got on Shark Tank:
Investment received: $ 250,000
In exchange for: 100% equity stake
Implied valuation: $ 250,000
Other terms: The inventor agreed to sell his entire company (each of the 5 sharks having 20% equity) with the agreement of receiving 5% royalties from all future sales, and an option to buy 1/6 of the company back.
Shark(s) that went in on the deal: Kevin Harrington, Kevin O’Leary, Barbara Corcoran, Daymond John, Robert Herjavec
Company status: FAILED.
Despite the backing of the Sharks, the company doesn’t seem to have taken off.
A good barbecue time
Company: Pork Barrel BBQ
Industry: Specialty Food
What the company does: The company sells award-winning BBQ rubs and spices.
Who pitched the Sharks? Heath Hall and Brett Thompson
Season and episode they were on: Season 1, Episode 6.
What the founders asked for:
Asked for: $ 50,000
In exchange for: 10% equity stake
Implied valuation: $ 500,000
Deal they got on Shark Tank:
Investment received: $ 50,000
In exchange for: 50% equity stake
Implied valuation: $ 100,000
Shark(s) that went in on the deal: Barbara Corcoran
Company status: SUCCESS.
Pork Barrel BBQ made the most of their Shark Tank appearance, and still advertise it today on their website. The company has since expanded and is doing well.
Save the wine!
Company: Wine Balloon (now Air Cork)
Industry: Wine Accessories
What the company does: The company sells a product that preserves wine inside any already-opened bottle. It works by inflating a balloon inside the bottle to crowd out the air and prevent it from being in contact with the wine.
Who pitched the Sharks? Eric Corti
Season and episode they were on: Season 3, Episode 4.
What the founders asked for:
Asked for: $ 40,000
In exchange for: 30% equity stake
Implied valuation: $ 133,333
Deal they got on Shark Tank:
Investment received: $ 400,000
In exchange for: 100% equity stake
Implied valuation: $ 400,000
Shark(s) that went in on the deal: Mark Cuban and Lori Greiner
Company status: MIXED.
Despite the deal with the Sharks falling through, the company is doing well. They rebranded from Wine Balloon to Air Cork and are continuing to grow.
It’s pretzels AND candy
Company: The Painted Pretzel
Industry: Specialty Food
What the company does: The Painted Pretzel sells creative, gourmet chocolate-covered pretzel confections in brick-and-mortar retail stores and online.
Who pitched the Sharks? Raven Thomas
Season and episode they were on: Season 3, Episode 6.
What the founders asked for:
Asked for: $ 100,000
In exchange for: 25% equity stake
Implied valuation: $ 400,000
Deal they got on Shark Tank:
Investment received: $ 100,000
In exchange for: 25% equity stake
Implied valuation: $ 400,000
Shark(s) that went in on the deal: Mark Cuban
Company status: SUCCESS.
After a successful Shark investment from Mark Cuban, the business has continued to grow.
Flavors combine when you kiss
Company: Kisstixx
Industry: Cosmetics
What the company does: Kisstixx is a fun lip balm that comes in pairs according to compatible flavors. Each Kisstixx lipstick packs a punch of flavor, and they’re paired to mix well when they come together in a kiss.
Who pitched the Sharks? Dallas Robinson and Mike Buonomo
Season and episode they were on: Season 3, Episode 7.
What the founders asked for:
Asked for: $ 200,000
In exchange for: 20% equity stake
Implied valuation: $ 1,000,000
Deal they got on Shark Tank:
Investment received: $ 200,000
In exchange for: 40% equity stake
Implied valuation: $ 500,000
Shark(s) that went in on the deal: Mark Cuban
Company status: FAILED.
Shortly after their Shark Tank appearance, the founders moved on from KissTixx to other ventures.
Paddle, paddle, paddle
Company: Tower Paddle Boards
Industry: Outdoor Recreation
What the company does: Stand-up paddle boarding products.
Who pitched the Sharks? Stephan Aarstol
Season and episode they were on: Season 3, Episode 9.
What the founders asked for:
Asked for: $ 150,000
In exchange for: 10% equity stake
Implied valuation: $ 1,500,000
Deal they got on Shark Tank:
Investment received: $ 150,000
In exchange for: 30% equity stake
Implied valuation: $ 500,000
Other terms: Mark Cuban gets 1st right of refusal for future business ventures
Shark(s) that went in on the deal: Mark Cuban
Company status: SUCCESS.
The company did well in the Shark Tank and continued to do well after making a deal. They even landed a juicy Forbes.com feature, giving them huge press.
The vanishing nail kit
Company: Nail Pak
Industry: Cosmetics
What the company does: An easy-to-use package that consolidates nail polish, pads, file and polish remover.
Who pitched the Sharks? Barbara Lampugnale
Season and episode they were on: Season 3, Episode 12.
What the founders asked for:
Asked for: $ 50,000
In exchange for: 20% equity stake
Implied valuation: $ 250,000
Deal they got on Shark Tank:
Investment received: $ 50,000
In exchange for: 40% equity stake
Implied valuation: $ 125,000
Shark(s) that went in on the deal: Lori Greiner
Company status: FAILED.
Despite amazing success after Shark Tank, completely selling out of their inventory, Nail Pak seems to have disappeared. The founder even moved onto another cosmetics company.
Safety AND convenience
Company: Bev Buckle
Industry: Accessories
What the company does: A belt featuring a buckle that opens to make a beverage holder.
Who pitched the Sharks? Jay Kriner
Season and episode they were on: Season 4, Episode 1.
What the founders asked for:
Asked for: $ 50,000
In exchange for: 10% equity stake
Implied valuation: $ 500,000
Deal they got on Shark Tank:
Investment received: $ 50,000
In exchange for: 51% equity stake
Implied valuation: $ 98,039
Other terms: The owner can not take a salary from the $ 50,000
Shark(s) that went in on the deal: Barbara Corcoran
Company status: MIXED.
The business is still up and running, but it’s not certain that the original Shark Tank team is still behind it. According to 2paragraphs.com, the business went up for sale in 2015, but there’s no confirmation if someone bought it or the founders kept it running themselves.
Dip dunk drop
Company: Back 9 Dips
Industry: Specialty Food
What the company does: Back 9 Dips are buffalo chicken dips created with all white meat chicken breasts along with wing and dipping sauces.
Who pitched the Sharks? David & Nique Mealy
Season and episode they were on: Season 4, Episode 4.
What the founders asked for:
Asked for: $ 150,000
In exchange for: 15% equity stake
Implied valuation: $ 1,000,000
Deal they got on Shark Tank:
Investment received: $ 150,000
In exchange for: 25% equity stake
Implied valuation: $ 600,000
Shark(s) that went in on the deal: Lori Greiner and Robert Herjavec
Company status: FAILED.
Unfortunately, the momentum from Shark Tank couldn’t save the business after a scandal involving using improper ingredients. They had to do a mass recall of their products and eventually went under.
Brothers in vitamins
Company: Marz Sprays
Industry: Wellness
What the company does: If you don’t like to swallow pills, you may feel like there aren’t any wellness supplements out there for you. Marz Sprays came up with a solution. Their supplements are designed and packaged as oral sprays.
Who pitched the Sharks? Brandon and Keith Marz
Season and episode they were on: Season 4, Episode 5.
What the founders asked for:
Asked for: $ 200,000
In exchange for: 10% equity stake
Implied valuation: $ 2,000,000
Deal they got on Shark Tank:
Investment received: $ 200,000
In exchange for: 25% equity stake
Implied valuation: $ 800,000
Other terms: The entrepreneurs have the option to buy back half of Lori’s stake at 4X the price she paid for them.
Shark(s) that went in on the deal: Lori Greiner
Company status: MIXED.
Since the company was in the Shark Tank, they expanded their product lines into all kinds of sprays. Despite being sued by actress Jennifer Love Hewitt, the company still seems to be doing well.
Uni-cycling all over town
Company: SBU Unicycle by Focus Designs
Industry: Cycling
What the company does: Focus Designs is the maker of the self-balancing unicycle, or the SBU for short.
Who pitched the Sharks? Daniel Wood and David Martschinske
Season and episode they were on: Season 4, Episode 7.
What the founders asked for:
Asked for: $ 300,000
In exchange for: 10% equity stake
Implied valuation: $ 3,000,000
Deal they got on Shark Tank:
Investment received: $ 300,000
In exchange for: 33% equity stake
Implied valuation: $ 909,091
Shark(s) that went in on the deal: Kevin O’Leary and Robert Herjavec
Company status: MIXED.
While the team behind Focus Designs (the maker of the Unicycle) all seem to still be involved, the Amazon product links are broken and the website returns an error.
On your way to a better life
Company: Better Life
Industry: Cleaning Products
What the company does: A line of plant-derived cleaning products.
Who pitched the Sharks? Tim Barklage and Kevin Tibbs
Season and episode they were on: Season 5, Episode 7.
What the founders asked for:
Asked for: $ 400,000
In exchange for: 7% equity stake
Implied valuation: $ 5,714,286
Deal they got on Shark Tank:
Investment received: $ 400,000
In exchange for: 17% equity stake
Implied valuation: $ 2,352,941
Other terms: Lori offers the $ 400,000 as a loan, with the equity stake dropping to 7% when the loan is paid back.
Shark(s) that went in on the deal: Lori Greiner
Company status: SUCCESS.
The company still seems to be up and running, with more products on their site and updates to their blog.
Sun-blocking swimwear
Company: SwimZip
Industry: Baby and Childcare
What the company does: UV sun protection bathing suits designed for babies, toddlers, and children of all ages. A signature zipper down the front makes these suits easy to put on and take off.
Who pitched the Sharks? Betsy Johnson (Wanless)
Season and episode they were on: Season 5, Episode 15.
What the founders asked for:
Asked for: $ 60,000
In exchange for: 5% equity stake
Implied valuation: $ 1,200,000
Deal they got on Shark Tank:
Investment received: $ 60,000
In exchange for: 20% equity stake
Implied valuation: $ 300,000
Shark(s) that went in on the deal: Lori Greiner
Company status: SUCCESS.
The company is alive and thriving. Its social media channels are continually active and website shows multiple products (even for adults now).
The cookie monster approves
Company: The Cookie Dough Cafe
Industry: Specialty Food
What the company does: Gourmet cookie dough made to be eaten and enjoyed without baking.
Who pitched the Sharks? Julia Schmid and Joan Pacetti
Season and episode they were on: Season 5, Episode 16.
What the founders asked for:
Asked for: $ 50,000
In exchange for: 20% equity stake
Implied valuation: $ 250,000
Deal they got on Shark Tank:
Investment received: $ 100,000
In exchange for: 30% equity stake
Implied valuation: $ 333,333
Shark(s) that went in on the deal: Lori Greiner and Steve Tisch
Company status: SUCCESS.
The company has done well since its Shark Tank deal. It’s grown well and even expanded into Canada.
Supplement or construction material?
Company: FiberFix
Industry: Home Improvement
What the company does: An ultra-strength repair tape that is easy to apply and cures rapidly.
Who pitched the Sharks? Eric Child and Spencer Quinn
Season and episode they were on: Season 5, Episode 6.
What the founders asked for:
Asked for: $ 90,000
In exchange for: 10% equity stake
Implied valuation: $ 900,000
Deal they got on Shark Tank:
Investment Received: $ 120,000
In exchange for: 2% equity stake
Implied valuation: $ 1,000,000
Other terms: Lori will also fund purchase orders.
Shark(s) that went in on the deal: Lori Greiner
Company status: SUCCESS.
The deal went through and the company continues to operate. Its products are even available on Amazon.
Lunch box, but make it fashion
Company: Yubo
Industry: Toys and Games
What the company does: Yubo is a new kind of lunchbox featuring unique changeable faceplates that allow kids to update the look of their lunchbox as often as they’d like.
Who pitched the Sharks? Cyndi Pedrazzi, Paul Pedrazzi, and Dan Harden
Season and episode they were on: Season 5, Episode 10.
What the founders asked for:
Asked for: $ 150,000
In exchange for: 15% equity stake
Implied valuation: $ 1,000,000
Deal they got on Shark Tank:
Investment Received: $ 150,000
In exchange for: 20% equity stake
Implied valuation: $ 750,000
Other terms: 20% stake drops to 10% if the investment is repaid in 18 months.
Shark(s) that went in on the deal: Kevin O’Leary and Robert Herjavec
Company status: FAILED.
After 10 years in the business, the company announced in early 2019 that it was closing down.
What were they drinking?!
Company: Tipsy Elves
Industry: Holiday Cheer
What the company does: A collection of quirky and humorous Christmas-themed sweaters, sweater dresses, jumpsuits and accessories.
Who pitched the Sharks? Evan Mendelsohn and Nicklaus Morton
Season and episode they were on: Season 5, Episode 12.
What the founders asked for:
Asked for: $ 100,000
In exchange for: 5% equity stake
Implied valuation: $ 2,000,000
Deal they got on Shark Tank:
Investment Received: $ 100,000
In exchange for: 10% equity stake
Implied valuation: $ 1,000,000
Shark(s) that went in on the deal: Robert Herjavec
Company status: SUCCESS.
Business Insider reported in 2018 that the company has sold over $ 70 million worth of product since appearing on Shark Tank.
Don’t get stuck on surge
Company: Invisiplug
Industry: Home Improvement
What the company does: A patented line of power strips and surge protectors designed to blend in to hardwood floors.
Who pitched the Sharks? Mike Barzman and Bryan O’Connell
Season and episode they were on: Season 5, Episode 14.
What the founders asked for:
Asked for: $ 125,000
In exchange for: 10% equity stake
Implied valuation: $ 1,250,000
Deal they got on Shark Tank:
Investment Received: $ 125,000
In exchange for; 10% equity stake
Implied valuation: $ 1,250,000
Other terms: In addition to the 10% equity stake, Lori is to receive a royalty of $ 1.00 per unit sold until her initial investment is recovered, then $ 0.25 per unit in perpetuity.
Shark(s) that went in on the deal: Lori Greiner
Company status: FAILED.
While some media claim the business is operational, the products are not available on Amazon or QVC any longer. Founder Mike Barzman was also arrested for threatening someone with a gun in 2015.
Sleep like a baby
Company: Sleeping Baby
Industry: Baby and Childcare
What the company does: Creators of the Zipadee-Zip, a onesie that provides a cozy, womb-like sleeping environment that babies need, with the freedom to roll around safely and freely.
Who pitched the Sharks? Brett and Stephanie Parker
Season and episode they were on: Season 6, Episode 1.
What the founders asked for:
Asked for: $ 200,000
In exchange for: 10% equity stake
Implied valuation: $ 2,000,000
Deal they got on Shark Tank:
Investment Received: $ 200,000
In exchange for: 20% equity stake
Implied valuation: $ 1,000,000
Shark(s) that went in on the deal: Daymond John
Company status: SUCCESS.
While the deal with Daymond John fell through, the company continues to operate – and even got a feature in Forbes.
Roommate or building material?
Company: Roominate
Industry: Toys and Games
What the company does: A line of toys that combines hands-on building, circuits, design, crafts, storytelling, and creativity.
Who pitched the Sharks? Alice Brooks and Bettina Chen
Season and episode they were on: Season 6, Episode 2.
What the founders asked for:
Asked for: $ 500,000
In exchange for: 5% equity stake
Implied valuation: $ 10,000,000
Deal they got on Shark Tank:
Investment Received: $ 500,000
In exchange for: 5% equity stake
Implied valuation: $ 10,000,000
Shark(s) that went in on the deal: Mark Cuban and Lori Greiner
Company status: SUCCESS.
After success in the Shark Tank, Roominate was acquired in 2016 by toy company PlayMonster.
Golf until the end of time
Company: Kronos Golf
Industry: Recreation and Leisure
What the company does: An independent manufacturer of premium golf putters, Kronos undertakes a labor-intensive process that includes precision milling to within 1/1000 of an inch, delicate hand work, and a calculated approach to raw material selection.
Who pitched the Sharks? Phillip Lapuz and Eric Williams
Season and episode they were on: Season 6, Episode 2.
What the founders asked for:
Asked for: $ 150,000
In exchange for: 15% equity stake
Implied valuation: $ 1,000,000
Deal they got on Shark Tank:
Investment Received: $ 150,000
In exchange for: 30% equity stake
Implied valuation: $ 500,000
Shark(s) that went in on the deal: Robert Herjavec
Company status: SUCCESS.
The deal with Robert Herjavec went through and the company is growing. It primary sells to the Japanese market but hopes to expand into the US.
Strong by nature
Company: The Natural Grip
Industry: Fitness
What the company does: The Natural Grip is an innovative fitness product that provides comfortable and custom hand protection for fitness enthusiasts.
Who pitched the Sharks? Ashley Drake
Season and episode they were on: Season 6, Episode 8.
What the founders asked for:
Asked for: $ 100,000
In exchange for: 20% equity stake
Implied valuation: $ 500,000
Deal they got on Shark Tank:
Investment Received: $ 125,000
In exchange for: 25% equity stake
Implied valuation: $ 500,000
Shark(s) that went in on the deal: Robert Herjavec
Company status: FAILED.
Despite major early success, including being part of the Olympics, The Natural Grip has not updated Twitter since 2017 and the website fails to load.
Remix your lips
Company: Lipstick Remix
Industry: Cosmetics
What the company does: A way to save the lipstick that gets stuck at the bottom of the tube.
Who pitched the Sharks? Jill Quilln
Season and episode they were on: Season 1, Episode 13.
What the founders asked for:
Asked for: $ 105,000
In exchange for: 30% equity stake
Implied valuation: $ 350,000
Deal they got on Shark Tank:
Investment Received: $ 105,000
In exchange for: 50% equity stake
Implied valuation: $ 210,000
Shark(s) that went in on the deal: Kevin Harrington, Barbara Corcoran, Daymond John
Company status: FAILED.
After a successful run on Shark Tank, the company suddenly shut down in 2013 and has been defunct ever since.
Dance like nobody’s watching
Company: Tippi Toes
Industry: Baby and Childcare
What the company does: Dance education centers for children.
Who pitched the Sharks? Megan Reilly and Sarah Nuse
Season and episode they were on: Season 2, Episode 1.
What the founders asked for:
Asked for: $ 30,000
In exchange for: 5% equity stake
Implied valuation: $ 600,000
Deal they got on Shark Tank:
Investment Received: $ 100,000
In exchange for: 30% equity stake
Implied valuation: $ 333,333
Shark(s) that went in on the deal: Mark Cuban
Company status: MIXED.
The deal with Mark Cuban fell through, but the business itself didn’t fail. The duo are still running the company.
New toys all the time
Company: Toygaroo
Industry: Toys and Games
What the company does: A subscription toy service.
Who pitched the Sharks? Nikki Pope
Season and episode they were on: Season 2, Episode 2.
What the founders asked for:
Asked for: $ 100,000
In exchange for: 10% equity stake
Implied valuation: $ 1,000,000
Deal they got on Shark Tank:
Investment Received: $ 200,000
In exchange for: 40% equity stake
Implied valuation: $ 500,000
Shark(s) that went in on the deal: Kevin O’Leary and Mark Cuban
Company status: FAILED.
Despite securing two Sharks, the company ultimately failed. O’Leary said in a Forbes interview it was due to the founder’s inability to execute.
Get fit, will surf
Company: SurfSet Fitness
Industry: Fitness
What the company does: Surf-inspired exercise equipment and group fitness classes.
Who pitched the Sharks? Mike Hartwick and Sarah Ponn
Season and episode they were on: Season 4, Episode 2.
What the founders asked for:
Asked for: $ 150,000
In exchange for: 10% equity stake
Implied valuation: $ 1,500,000
Deal they got on Shark Tank:
Investment Received: $ 300,000
In exchange for: 30% equity stake
Implied valuation: $ 1,000,000
Shark(s) that went in on the deal: Mark Cuban
Company status: MIXED.
The deal worked with Mark Cuban, but one of the co-founders left the company in 2018. It still operates.
So much posture
Company: Posture Now
Industry: Wellness
What the company does: A patent-pending strap that keeps the wearer’s posture perfect.
Who pitched the Sharks? Mike Lane and Mark Franklin
Season and episode they were on: Season 4, Episode 3.
What the founders asked for:
Asked for: $ 100,000
In exchange for: 15% equity stake
Implied valuation: $ 666,667
Deal they got on Shark Tank:
Investment Received: $ 100,000
In exchange for: 30% equity stake
Implied valuation: $ 333,333
Other terms: Mark will get a $ 5 royalty on every unit sold until his investment is recovered. In addition, since the two entrepreneurs have full-time jobs outside of the company, Mark requires that one of them (Mike) quit his day job to fully dedicate himself to Posture Now.
Shark(s) that went in on the deal: Mark Cuban
Company status: MIXED.
While the website seems to still be up, the product is out of stock on Amazon and the company’s Twitter account has not been updated since 2017.
Have a cool baby
Company: Cool Wazoo
Industry: Baby and Childcare
What the company does: Cool Wazoo is a cover that redirects heat back to its source while serving five different functions.
Who pitched the Sharks? Ginelle Mills
Season and episode they were on: Season 4, Episode 8.
What the founders asked for:
Asked for: $ 65,000
In exchange for: 25% equity stake
Implied valuation: $ 260,000
Deal they got on Shark Tank:
Investment Received: $ 65,000
In exchange for: 25% equity stake
Implied valuation: $ 260,000
Shark(s) that went in on the deal: Lori Greiner
Company status: FAILED.
With the Amazon store shut down and products being labelled as “sold out,” it doesn’t look like Cool Wazoo is still operating.
Fast ramen for the impatient
Company: Rapid Ramen Cooker
Industry: Food
What the company does: A bowl designed to cook ramen more easily in the microwave.
Who pitched the Sharks? Chris Johnson
Season and episode they were on: Season 5, Episode 3.
What the founders asked for:
Asked for: $ 300,000
In exchange for: 10% equity stake
Implied valuation: $ 3,000,000
Deal they got on Shark Tank:
Investment Received: $ 150,000
In exchange for: 15% equity stake
Implied valuation: $ 1,000,000
Other terms: In addition to the equity investment, the deal includes another $ 150,000 in the form of a loan.
Shark(s) that went in on the deal: Mark Cuban
Company status: SUCCESS.
Despite the Shark Tank deal falling through, the company expanded its product offerings and is even sold through Walmart stores.
Surf AND skateboard
Company: Hamboards
Industry: Recreation and Leisure
What the company does: A surf-style skateboard company.
Who pitched the Sharks? Pete Hamborg
Season and episode they were on: Season 5, Episode 4.
What the founders asked for:
Asked for: $ 100,000
In exchange for: 15% equity stake
Implied valuation: $ 666,667
Deal they got on Shark Tank:
Investment Received: $ 300,000
In exchange for: 30% equity stake
Implied valuation: $ 1,000,000
Shark(s) that went in on the deal: Robert Herjavec
Company status: SUCCESS.
The deal on Shark Tank helped the company grow and it still seems to be operating today, based on an active and professional business website.
Carry your dogs
Company: Heart Pup
Industry: Pet Products
What the company does: A sling and dog carrier tote hybrid, HeartPUP allows the user to carry pets handsfree.
Who pitched the Sharks? Anastasia Heart
Season and episode they were on: Season 6, Episode 3.
What the founders asked for:
Asked for: $ 25,000
In exchange for: 10% equity stake
Implied valuation: $ 250,000
Deal they got on Shark Tank:
Investment Received: $ 50,000
In exchange for: 40% equity stake
Implied valuation: $ 125,000
Shark(s) that went in on the deal: Daymond John
Company status: SUCCESS.
Since Shark Tank, Heart Pup has continued to operate and grow. She even models the product herself on the company’s social media pages.
Kids love it!
Company: Paper Box Pilots
Industry: Toys and Games
What the company does: Paper Box Pilots sells sticker kits that turn a plain old ordinary box into imaginative airplanes, fire engines and race cars.
Who pitched the Sharks? Noah Cahoon
Season and episode they were on: Season 6, Episode 4.
What the founders asked for:
Asked for: $ 35,000
In exchange for: 25% equity stake
Implied valuation: $ 140,000
Deal they got on Shark Tank:
Investment Received: $ 35,000
In exchange for: 50% equity stake
Implied valuation: $ 70,000
Shark(s) that went in on the deal: Kevin O’Leary
Company status: MIXED.
While the deal worked on Shark Tank and the company still appears to be running, many items are out of stock and the company’s social media has not been updated since 2018.
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