Shark Tank hit the air eight years ago. 170 episodes and eight seasons later, ABC’s entrepreneurial reality show has seen (quite literally) it all. So, Shark Tank. What is it?
Of course this Shark Tank anti aging cream most recently raise a ton of capital because of its ability to instantly remove wrinkles, but before this were…
Shark Tank’s Best Products…
The show revolves around entrepreneurial pitches from inventors. The inventors pitch their products to investors, who are actually dubbed “sharks”. These real-life investors evaluate the products the inventors pitch on the show, and decide whether or not they want to provide financial backing to the inventor. Essentially, the sharks pick and chose products or inventions to back with their own money. Then, the sharks investigate the products which includes product testing and examination of the inventor’s personal as well as business financial status. Many of the products or deals aren’t enacted, or followed-through, but the premise is still incredible.
ABC’s Shark Tank has exposed more than five million viewers to, let’s face it, pretty much everything. You better believe anything imaginable has hit this reality show. From bed-bug prevention systems to candles scented like pot roast or barbecue, Shark Tank has seen it all.
Some of the products Shark Tank has helped create are truly great ideas. The inventors simply needed financial backing to get those bad boys out into the world, and thanks to the sharks, they got it. Here are the top eight most successful products which started out on Shark Tank.
First Place: Scrub Daddy
- What’s the Product? Imagine a super sponge that doesn’t stink, and keeps clear of debris for up to two months of use. The sponge is in the shape of a smiling face that gets tough in cold water, but softens in warmer water. Scrub Daddy’s shape helps get kitchenware clean faster thanks to its shape.
- Which Shark Bit the Bait? Lori Greiner at 20% equity for $200,000
- How Much Has it Made? Since the pitch on Shark Tank, Scrub Daddy has made more than $50 million, moving 10 million units in sales. Before pitching on Shark Tank, the company had only $100,000 in total sales.
Second Place: Squatty Potty
- What's the Product? These personal care pros have capitalized on squatting. Apparently, squatting is better for your digestive system. Need to use the bathroom? Grab a Squatty Potty, a stool created to help with easier bowel movements.
- Which Shark Bit the Bait? Kevin O'Leary and Lori Greiner bit at 10% equity for $350,000
- How Much Has it Made? Within 24-hours of the deal, the Squatty Potty saw over $1 million in sales. Revenue in 2015 boosted to $19 million. In 2016, revenue was expected to be over $30 million.
Third Place: Tipsy Elves
- What's the Product? Get your ugly Christmas apparel here! But wait, don't limit yourself to Christmas apparel only. Tipsy Elves are ready to outfit you with the best, and ugliest (wink wink) gear for holidays, patriotic needs, and otherwise.
- Which Shark Bit the Bait? Robert Herjavec at a 10% stake, with $100,000
- How Much Has it Made? The “elves” behind Tipsy Elves brought in $600,000 in sales before they pitched Shark Tank. Last year, revenue for Tipsy Elves was projected to hit $8 million or more.
Fourth Place: Groovebook
- What's the Product? Free up space on your phone with Groovebook, a subscription-based app or service that gives subscribers a bound book of high-resolution photos they've taken. All for $2.99 a month.
- Which Shark Bit the Bait? Mark Cuban and Kevin O’Leary at $150,000 and 80% licensing profits
- How Much Has it Made? After pitching Shark Tank, Groovebook gained over 50,000 subscribers. Shutterfly bought Groovebook in 2014 for $14.5 million
Fifth Place: Buggy Beds
- What's the Product? Detect and prevent bed bugs with this fabulous system. This non-toxic and pesticide free bed bug glue trap will ease your mind when it comes to bed bugs.
- Which Shark Bit the Bait? Actually, all five sharks (and more) bit on this one. Kevin O’Leary, Robert Herjavec, Mark Cuban, Daymond John and real estate investor Barbara Corcoran at $250,000 with 25% equity
- How Much Has it Made? Buggy Beds has made more than $1.2 million in sales after pitching on Shark Tank. What's more is that the company experienced international growth in 23 countries, too.
Sixth Place: Ten Thirty One Productions
- What's the Product? You know those fantastic horror rides that crop up everywhere around Halloween? Think live-action horror entertainment like haunted hay rides, mazes, and more.
- Which Shark Bit the Bait? Mark Cuban with $2 million for a 20% stake in the company
- How Much Has it Made? After pitching Shark Tank, Ten Thirty One Productions made $2 million in revenue. This year, revenue is expected to grow beyond $2 million.
Seventh Place: Wicked Good Cupcakes
- What's the Product? This mother-daughter team created, essentially, a cupcake and cake service where you can order gourmet cupcakes online and have them shipped to your door. Did we mention they come in adorable jars, ready to eat?
- Which Shark Bit the Bait? Kevin O’Leary with $75,000 and $1 per each cupcake sold until he broke even with his investment. For every cupcake sold after breaking even, O'Leary gets $.50 per cupcake.
- How Much Has it Made? The episode aired in season 4 in 2016. Since then, Wicked Good Cupcakes has made $8 million in sales.
Eighth Place: Lollacup
- What's the Product? Giving your child something functional and fun? It's no wonder both Mark and Robert invested in this BPA and phthalate-free cup for infants and toddlers.
- Which Shark Bit the Bait? Both Mark Cuban and Robert Herjavec bit, with $100,000 and 40% equity.
- How Much Has it Made? Since their pitch on Shark Tank, Lollacup has made more than $1 million in sales
Shark Tank has given exposure to plenty of bad ideas, but also some incredible ones. Given these amazing eight products coming from the show, we're sure to see something special on this next season.