Top 5 Shark Tank Deals of All Time
by Nyden Kovatchev on May 16, 2023
Shark Tank is a popular American reality TV show where entrepreneurs pitch their business ideas to a panel of wealthy investors, known as "sharks," in hopes of securing investment deals. While it's difficult to determine the "top" deals of all time definitively, here are some notable and successful deals that have made a significant impact:
Scrub Daddy: Scrub Daddy is a company that produces a highly versatile and innovative sponge. In Season 4, Lori Greiner invested $200,000 for a 20% stake in the company. Since then, Scrub Daddy has generated millions in revenue and became one of the most successful products in Shark Tank history.
Ring: Ring is a home security company that offers video doorbells and other smart home security products. In Season 5, Ring founder Jamie Siminoff initially rejected an offer from the sharks but later secured a deal with Richard Branson outside the show. In 2018, Amazon acquired Ring for over $1 billion.
The Bouqs Company: The Bouqs Company is an online flower delivery service that focuses on sustainably grown, eco-friendly flowers. In Season 5, Robert Herjavec and Mark Cuban invested $258,000 for 30% equity in the company. The Bouqs Company has grown significantly since then and expanded its customer base.
Tipsy Elves: Tipsy Elves is a clothing company specializing in holiday-themed apparel. In Season 4, Robert Herjavec and Mark Cuban invested $100,000 for a 10% stake in the company. Tipsy Elves experienced tremendous success, especially during the holiday seasons, and has expanded its product line beyond holiday-themed clothing.
Cousins Maine Lobster: Cousins Maine Lobster is a seafood restaurant franchise that brings fresh Maine lobster to various locations. In Season 4, Barbara Corcoran and Mark Cuban invested $55,000 for 15% equity. Since appearing on the show, Cousins Maine Lobster has expanded to multiple food trucks and restaurant locations across the United States.
These are just a few examples of successful deals from Shark Tank. The show has had many other notable deals that have resulted in significant growth and success for the entrepreneurs involved.
Across the border one of the fan favorite deals from the hit show, Dragon's Den in Canada was Sport Displays and their Jersey Mount product. This product is an easy to install, affordable and professional way for fans of all ages and sports to hang, display or show off their favorite jersey to either the wall, ceiling or inside of shadow boxes. Check them out today at, www.thesportdisplays.com