Shark Tank is a show in which business start-ups pitch their ideas to a panel of investors, best known as the “Sharks.” In return, investors get a stake in the company. It’s become well-known for funny one-line responses to ideas and some of the most amazing offers.
Best Offers in Shark Tank History
These are some of the best offers in Shark Tank history.
LovePop
Lovepop appeared during season 7 of Shark Tank. Two architects put their brains together and came up with a line of pop-up greeting cards. Not only did they manage to impress and land a deal with Kevin O’Leary, a shark that is well-known for being demanding, but they have also made over $80 million in sales since scoring an investment on the show.
Squatty Potty
Squatty Potty is one of the most successful products to appear on the show. It is a footstool designed by Bobby Edwards. The bathroom footstool helps prevent constipation. Investor Lori Greiner spent $350,000 for 10% of the company. The Squatty Potty has brought in over $160 million in sales.
Scrub Daddy
Scrub Daddy, a line of sponges, was created by Aaron Krause. He invested his own sponge to use on cars, but then discovered that it was a wonderful household sponge, too! The Queen of QVC, Lorie Greiner, invested $200,000 in the company. It’s made over $200 million.
EverlyWell
EverlyWell was seen in the ninth season of Shark Tank. Founder Julia Cheek pitched the at-home tests that could be taken and requested $1 million in exchange for 5% equity. Most of the sharks refused as they assumed the company would need much more than $1 million to become a success.
Once again, Lori Greiner stepped in. She offered a $1 million line of credit with an 8% interest rate and 5% equity. She was not disappointed. EverlyWell offers multiple tests people can take at home, and is worth almost $3 billion.
XCraft Jones
XCraft Jones was a business idea that was pitched in the fifth season of Shark Tank. The drones were designed by Charles Manning and JD Claridge. They could reach up to 10,000 feet, go over 50 mph, and were remote-controlled. The impressive features of the drone led to the sharks competing against one another to invest in the company.
The creators of the drone were originally looking for a $500,000 investment in exchange for a 20% equity. However, they walked away with a deal for $1 million in exchange for a 25% equity from investor Draymond John.
Circadian Optics
Amber Leong pitched the idea for Circadian Optics in 2019. Her story won the heart of judges. It brought tears to the eyes of Kevin O’Leary as she explained how her parents spent all of their money, and even borrowed some, to send her to America to attend college.
Then, she became sick and faced a 50% chance of living. After surviving, she knew that she wanted to do something, so she created Circadian Optics, a company that produces lightbulbs designed to mimic the natural light of the sun. It helps individuals maintain a proper circadian rhythm.
She offered a 10% stake in the company in exchange for $750,000. Lori Greiner and Mark Cuban gave her $750,000 with an extra $50,000 to give to her parents in exchange for a 20% stake.
Yellow Leaf Hammocks
In 2020, the founders of Yellow Leaf Hammocks appeared on Shark Tank, resulting in one of the best deals in Shark Tank history. Founders Rachel Conners and Joe Demin created a hammock that would not disintegrate under rain or sunlight and provided customers with a cozy feel that made it perfect for sleeping.
They originally asked for $400,000 in exchange for 7% of the company. However, Daniel Lubetsky, a guest shark, offered the pair $1 million in exchange for 25% of the company. The founders definitely accepted that offer.
LARQ
LARQ owner Justin Wang headed to Shark Tank with the ambition of making his water bottles best-sellers. He proposed that an investor put up $500,000 in exchange for 1% of the company. It was so off balance that the judges were in fits of laughter before he finished that sentence.
However, once Wang explained that his bottles were outfitted with a UV light to clean the bottle of bacteria in just one minute, therefore eliminating the problem of smelly water bottles, the sharks had a different team.
Two of the sharks, Kevin O’Leary and Lori Greiner, teamed up together to invest a whopping $1.5 million in the company in exchange for 4% stake in LARQ. LARQ is worth over $40 million.
Zipz
One of the biggest deals in the history of Shark Tank went to the company Zipz. Andrew McMurray appeared on the show with a pitch to change the way that wine was sold, and expand his current wine company.
Zipz offered single servings of wine that were sold in a plastic wine glass and a pouch. This offered convenience for wine drinkers that was needed in the rapidly growing wine industry.
Most of the sharks were interested in the offer but didn’t bite. Mark Cuban disliked the name of the product. Another shark suggested the technology be licensed to someone else in the wine industry and they didn’t invest.
Kevin O’Leary, on the other hand, loved the idea. This shark stated that it would be a great idea for businesses like Costco. He invested $2.5 million in the company in exchange for a 10% stake.
Unfortunately, the biggest deal in Shark Tank history was a flop. The business made money, but Zipz Wine did not turn enough profit. Here’s what happened to Zipz Wine.
In Conclusion
Shark Tank is well known for being one of the most popular shows. It creates a bridge between start-up companies and investors that results in companies that are worth billions of dollars, investors earning money, and some of the coolest products making their way onto store shelves.
Enjoy reading about the best offers in Shark Tank history? For more information on Shark Tank, check out the rest of our articles!
