These Shark Tank Companies Were Complete Failures Despite Earning Lucrative Deals With The Sharks
Your browser does not support the video tag. HyConn's $1.25M deal with Mark Cuban failed due to disagreements, leading to obscurity. Breathometer, a $1M investment deal, collapsed after an FTC investigation due to inaccurate readings. Sweet Ballz, a $250k deal, crumbled due to internal disputes and legal battles.
With nearly 50,000 hopefuls vying for a spot each season, snagging a chance to pitch on ABC's award-winning business reality TV series Shark Tank is a dream come true for many small business owners, and its not exactly a mystery why.
From Scrub Daddy, the smiley-faced sponge that went on to make over $209 million in sales after landing a $200,000 deal with Lori Greiner, to Bombas, the sock and apparel company that amassed nearly $300 million in lifetime sales thanks to a $200,000 deal with Daymond John, the show has transformed countless startups into multi-million-dollar powerhouses.
However, landing a deal on the show isnt the foolproof...
With nearly 50,000 hopefuls vying for a spot each season, snagging a chance to pitch on ABC's award-winning business reality TV series Shark Tank is a dream come true for many small business owners, and its not exactly a mystery why.
From Scrub Daddy, the smiley-faced sponge that went on to make over $209 million in sales after landing a $200,000 deal with Lori Greiner, to Bombas, the sock and apparel company that amassed nearly $300 million in lifetime sales thanks to a $200,000 deal with Daymond John, the show has transformed countless startups into multi-million-dollar powerhouses.
However, landing a deal on the show isnt the foolproof...
- 7/8/2024
- by Vicky Wanja
- The Things
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