After binge-watching so many innovative businesses, their unique products, and ever-so-creative pitches, the mind wonders—who would have made it in life? Who turned a small dream into a dollar machine, and who made their name international? Well, wonder no more! We have compiled a list of the 7 most successful Shark Tank products of all time.
1. Bombas
One of the most unassuming pitches that made it to becoming one of the most successful businesses, David Heath and Randy Goldberg turned their simple idea into a multi-million dollar brand.
With an humble yet confident entry, the two men successfully pitched their business to the sharks and scored a good deal for themselves. As of 2023, their company has grown significantly, generating millions in revenue.
Their athletic socks are designed for both better looks and comfort. They incorporated amazing elements in their product to increase the comfort level. They have used Peruvian Pima cotton that does wonders, it keeps your feet warm in winter and cool in summer.
The midfoot portion has their proprietary honeycomb arch support system along with a footbed that offers ultra comfort. The heel area is stitched in a Y-shape, giving it a nice cup to hug your heels. No seam above the toe makes your toes move around freely. And their ankle socks are blister-protected!
Mission to help those in need. Once they found out that socks are the most in-demand apparel for the needy, they decided to hop on the noble cause of donating one pair of socks with each pair sold. They have donated over 100 million articles of clothing, including socks, t-shirts, and underwear.
The sharks asked them a simple question: “What makes your socks different from other socks in the market?” and to sum up their answer, they analyzed the entire range of socks, from cheap mass-market multipacks to $20 high-performance running socks. They figured out the key elements that made them comfortable. They then used those features into their own socks, offering superior comfort at an affordable price of $9 per unit.
David Heath and Randy Goldberg came seeking $200,000 for a 5% stake in their company, Bombas.
But one by one, the sharks kept saying no for various reasons. Then it all came down to Daymond John, for whom David Heath and Randy Goldberg cut their valuation in half, considering his background in the apparel business.
The deal was finalized at $200,000 for a 17.5% stake, plus financing for inventory.
2. Dude Wipes
Who would have guessed that somebody would just walk up and ask the sharks about their wiping habits? Well, three bold men did just that.
Ryan Meegan, Sean Riley, and Jeff Klimkowski came with their little idea, little-known venture—Dude Wipes.
Not your usual dry toilet paper, and not baby wipes either—let’s leave those for the babies. These are for “Dudes.” They’re better than regular toilet paper because they provide a hygienic clean with aloe and vitamin E, leaving a fresh and refreshing feeling.
After their bold pitch, Mark Cuban showed his interest in the business and offered a sweet deal. They shook hands at $300K for 25% equity. And now, Dude Wipes has turned into one of the most prestigious hygiene and grooming brands in the market.
3. Everlywell
The idea behind her venture was to simplify the rather daunting problem of expensive American lab tests. Julia Cheek launched her brand Everlywell at-home health test kits as a simple solution. Today her company is worth $1.1 billion.
It is a hassle-free process—customers visit the website, purchase the test kit they need, and collect the sample at home at their convenience. They then send it to partner labs for analysis. Once the results are ready, they can securely access them on the website, which provides a safe and user-friendly platform.
The original ask was for $1 million in exchange for a 5% stake in her business. Lori proposed $1 million as a line of credit at 8% interest for a 5% stake. And a strategic deal was made.
4. Scrub Daddy Sponges
Mentored by Shark Lori Greiner, Scrub Daddy, owned by Aaron Krause, has reached new heights with sales exceeding $250 million.
These adorable yellow smiling sponges might look cute, but they are incredibly tough! They clean greasy pans, stubborn stains, and so much more. Initially designed for cars, Aaron soon realized that the product would do wonders as a household cleaning essential—and he wasn’t wrong at all!
The sponges clean all kinds of utensils easily. They change textures according to the water temperature, making them stone-hard for heavy scrubbing or soft for gentle cleaning. They are odor-free and last longer than any competitor in the market.
Aaron Krause was seeking $100,000 for a 10% stake in Scrub Daddy. Not exactly for those numbers, but it was clear that the sharks were interested. At last, a handsome deal was made with Lori Greiner’s $200,000 investment for a 20% stake.
Check out this amazing article comparing Bombas and Scrub Daddy!
5. The Bouqs
John Tabis’s business is all about delivering fresh, long-lasting flowers that you deserve. The venture has reached lifetime sales of $640 million, snatching the deal right from the sharks’ teeth.
There is one price for all items $40—no extra shipping or handling charges. If you think that is hard to believe… then wait for what’s coming next. Imagine an eco-friendly, sustainable farm… located in the most naturally rich place… somewhere on the equator… on the side of a volcano! When they say it’s fresh, it is fresh.
They cut out the middleman and provide direct-to-customer service, which makes it more affordable. You can place an on-demand order or even opt for a subscription.
Unfortunately, John could not secure a deal with the sharks and went back to growing his business on his own. Then one day, out of nowhere, he received a call from Robert, asking him the status of his business. It turns out Robert was planning his wedding, and when it came to floral decorations, he thought of John Tabis.
One thing led to another, and Robert eventually invested in the business. He made a few changes to the operational mechanism and guided John toward greater success at a faster pace.
6. Cousins Maine Lobster Food Trucks
The two cousins, Sabin Lomac and Jim Tselikis, grew their venture of serving delicious Maine lobster rolls into a huge success. Although they started with just one truck, running tirelessly to meet customer demands, today they have expanded their business to multiple states.
After they took their business to Shark Tank, their sales skyrocketed within a month under the mentorship of Shark Barbara Corcoran.
They turned strategically to branding and marketing, attracting as many customers as possible with the irresistible smell of fresh lobsters, alongside their “third cousin,” Barbara Corcoran.
7. The Comfy
Nobody likes to leave their blanket in freezing winters, well the Speciale brothers tell you that you don’t need to. Their amazing product The Comfy is a wearable blanket that as the name suggests is very comfortable, lightweight, and most importantly, adorable!
Whether you are lounging in your home or roaming around outside, The Comfy is the perfect wearable all the time.
Brian Speciale and Michael Speciale are seeking $50,000 for a 20% stake in Comfy.
Shark Barbara Corcoran recognized the true potential of these adorable wearables and offered to mentor them with a deal: $50K for a 30% stake. They sealed the deal with the phrase, “Let’s get comfy together.”
In no time, The Comfy became a bestseller on Amazon. What started as a simple idea born out of laziness gradually turned into a multi-million-dollar brand, —one of the most successful Shark Tank products.
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