The idea behind Shark Tank is to find the most talented entrepreneurs. Some may consider that the products and entrepreneurs are just for show. To disprove all doubters, here are five of the most successful Shark Tank products ever.
Buggy Beds
Say goodnight to bed bugs with this product. Buggy Beds aims to detect bed bugs even before it becomes a problem. Be worry-free even when you’re asleep. During their stint in the Shark Tank, all sharks joined the business. They invested $250,000 in exchange for 25%.
Groovebook
It may sound like a music related product. Sorry to burst your bubble but it’s not. Instead, Groovebook is a subscription service that allows its users to receive high-quality, bound book of their photos from their smartphones. Mark Cuban and Kevin O’Leary bit the offer for $150,000 in exchange for 80% share in licensing profits. A sudden surge of subscribers flocked to Groovebook right after their pitch. In 2014, they were Shutterfly Inc. for $14.5 million.
Tipsy Elves
During the holidays, you may see people wearing different types of holiday-themed apparel. Robert Herjavec agreed to invest in Tipsy Elves for $100,000 in exchange for a 10% stake. If you don’t believe that it’s one of the most successful products, remember that Tipsy Elves made $600,000 yearly before Shark Tank. After appearing in Shark Tank, the company has made $60 million in revenues yearly.
Wicked Good Cupcakes
You may have seen their creations somewhere on the internet. Wicked Good Cupcakes is a company that sends gourmet cupcakes worldwide. As for the sharks, Kevin “Mr. Wonderful” O’Leary bit the offer. He proposed to have zero equity but he will have 45-cent royalty per jar sold.
Lollacup
Lollacup aims to help toddlers drink their beverages without any hassle. It features a flexible straw and a BPA-free material. Mark Cuban and Robert Herjavec invested $100,000 in the company in exchange for 40% equity. Since it aired on Shark Tank, the company has made over $2 million.
If you’re an entrepreneur and you wish to make it to Shark Tank, read some tips to make it on the show here.
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