For those who are typically interested in entrepreneurship, the first thing that comes to mind is the show Shark Tank. The goal of the show, put simply, is to help entrepreneurs receive funding for their ideas from a group of potential investors called “Sharks”. This super hit reality TV show has already aired around 200 episodes and has featured entrepreneurs from all around the world pitching their products. While the show is entertaining with its high energy and the investment strategies that each of the Sharks brings to the table. In this article, we will be looking at the top deals that have been made on the show.
Deals on Shark Tank
The show is known for creating and launching several successful products that have become household names. With more than 100 deals and products that have been created or financed through the show, it is no wonder why the show has become so popular. Shark Tank offers a way for aspiring entrepreneurs the chance to earn funding for their products or ideas, and the show connects viewers to relevant products and services.
The show has catapulted several products and companies into international fame, name recognition, and millions of dollars in sales. All deals are reviewed and ranked based on the originality of the idea, business strategy, and the value of the product or service that has been made available.
What is Shark Tank?
Shark Tank is a reality TV show based on the show “Dragon’s Den” that features upcoming entrepreneurs and their business ideas, things they are pitching, or thinking of asking for money. The show features 5-6 investors, called ‘sharks’, who evaluate the business plan and product ideas of aspiring entrepreneurs in order to decide whether or not the investors should invest in them.
The sharks are usually high-profile business people, such as investors, celebrities, or other notable figures. The main goal of the sharks on the show is to help as many entrepreneurs as possible in order to turn their ideas into reality by receiving funding for their products or services.
How does Shark Tank work?
The show is all about helping entrepreneurs to turn their ideas into reality. In order to do so, each entrepreneur goes to pitch their products or services to the sharks, who, after evaluating them, will decide whether to invest in them. This process usually takes place in front of a live audience, though it is filmed. The entrepreneurs have to walk up on stage and show their product or service to the judges, investors and other audience members.
The show is generally based in Las Vegas though it has also been filmed in other countries. Each episode features a different and unique set of entrepreneurs and their products and ideas. However, the shark tank deals are usually dilutive in nature, which means that the sharks receive ownership in exchange for their funding.
History of Shark Tank
The first episode of Shark Tank aired on August 9, 2009 and is now on its 14th season. The show was created by Mark Burnett, who has been the executive producer of other successful reality TV shows, such as Survivor, The Apprentice, and various films.
Shark Tank was based on the show “Dragon’s Den,” which originated from a Japanese show called Money Tigers. The journey of Shark Tank includes its humble beginnings in 2009 when it started off on ABC and was eventually moved to the cable channel CNBC in 2013, where the show has continued to air its episodes.
How does a shark tank help grow startups?
Shark Tank is a unique show that doesn’t just help entrepreneurs but also helps to promote new innovative products and services. As the show airs around several countries and features entrepreneurs from around the world, it offers free marketing for their products and connects them with many more potential customers. The show has the ability to have a large audience of people interested in and eager to support upcoming products and services that are featured on the show.
The show also connects entrepreneurs with potential investors who are more likely to invest in their business because of the interest that is created from watching their product or service. From creating brand recognition and building international support, Shark Tank does a lot to promote new, budding products and services. Many entrepreneurs mention that the show has been a great source for them in helping to get their product or service off the ground. Therefore, it has been a huge success in helping to make more entrepreneurs successful with the help of their new products and services.
What are shark tank success rates?
Shark Tank has been quite successful in terms of investment and helping entrepreneurs succeed in their businesses. While there is no clear way of telling exactly how many sharks are successful, it has been estimated that the shark tank success rate is 94%. The show has been so successful that it has created and launched many “Shark Tank” shows around the world.
From India’s Shark Tank and The United Kingdoms’ Shark Tank to Australia’s Shark Tank, there are multiple sharks and companies around the world who have turned their products and services into successes. While the success of securing the funding depends on the entrepreneurs’ pitch, the uniqueness of the products, the quality of the business strategy, and the entrepreneurs’ background. As a result, many shark tank deals have turned into large success stories.
Top 5 Shark Tank investors
Here is a list of some of the most popular and well-known shark tank investors who have invested in the startups featured on the show.
- Kevin Harrington – Kevin Harrington is an American entrepreneur and investor who has appeared on the show numerous times. With over 40 shark tank deals across 131 episodes of Shark Tank, he is one of the most prominent and successful sharks on the show. Based in Ohio, Harrington is well-known for his role as an investor and entrepreneur who has been key in the development of many new and innovative products.
- Daymond John – Daymond John, also known as “The Shark”, is another major shark on the show. Did 61 shark tank deals across 100 episodes; John is a well-known and popular American entrepreneur and businessman. As a panel member on Shark Tank, John appears as a television celebrity and entrepreneur who has helped to promote and make many products and services successful.
- Barbara Corcoran – Barbara Corcoran is a successful entrepreneur known for her high-end fashion company and appearances on the TV show Shark Tank. She has been featured on the show numerous times, with over 53 shark tank deals across 82 episodes. Considered one of the most successful sharks on the show, she has helped to turn many products into success stories.
- Robert Herjavec – Robert Herjavec is an Internet entrepreneur who has appeared on Shark Tank many times. Completing 57 shark tank deals across 126 episodes, Herjavec is one of the most influential sharks on the show. He is an experienced and popular Canadian businessman who has been a successful shark on Shark Tank for several years now.
- Kevin O’Leary – Kevin O’Leary is a businessman and investor who has been prominently featured on Shark Tank for several years. He has done over 40 shark tank deals across 131 episodes of the show, making him one of the most popular sharks on the show. Also known as Mr. Wonderful, he is a Canadian businessman and investor who has been a prominent shark on Shark Tank for many seasons.
Biggest shark tank deals in history
The biggest deals of shark tanks deals have been quite successful, with some of them even becoming multi-billion dollar companies. These shark tank deals include:
- Bombas – Bombas is a socks company that was featured on Shark Tank in Season 6, Episode 1. Bombas offers funky, stylish, and comfy socks that they say will help you elevate your feet! The deal was closed at $200,000 for a 17.5% equity stake, and the company was founded by Randy Goldberg and David Heath. They have over 30 million pairs of socks sold and have received numerous awards.
- Scrub Daddy – Scrub Daddy is a popular cleaning tool that features a unique and indestructible scrubbing pad. It was featured on Shark Tank in Season 4, Episode 7. The company was founded by Aaron Krause, and they have over 12 million scrubdads sold. The deal of $200,000 for a 20% equity stake was a success, and they have been featured on TV numerous times.
- Squatty Potty – Squatty Potty is a stool that can be placed under your toilet to help you have a more comfortable and effective pooping experience. The Squatty Potty was featured on Shark Tank in Season 6, Episode 9. The company was founded by Bobby Edwards, Judy Edwards, and Bill Edwards, and the deal was $350,000 for a 10% equity stake.
- Simply Fit Board – Simply Fit Board is a fitness product that helps you work out at home and is featured in Shark Tank Season 7, Episode 7. The company was founded by Gloria Hoffman, who wanted to create a new way to work out. The deal was closed at $125,000 for 20% of the equity stake, and they have sold over 2 million boards since.
- The Original Comfy – The Original Comfy is a blanket that can be worn as a cover or as a jacket. It was featured on Shark Tank in Season 9, Episode 12. The company was founded by Brian Speciale, who wanted to create an alternative to sleeping bags. They closed their deal at $50,000 for a 30% equity stake in the company.
- Tipsy Elves – Tipsy Elves is a company that designs funny Christmas sweaters. The company appeared on Shark Tank in Season 5, Episode 12. Tipsy Elves has sold over 5 million sweaters to people all around the world, and the deal made was at $100,000 for a 5% equity stake in the company.
- The Bouqs – Bouqs is an online flower retailer that appeared on Shark Tank in Season 5, Episode 27. Bouqs was founded by John Tabis and Juan Pablo Montufar, who wanted a way to bring fresher flowers to their customers. The company closed its deal at $258,000 for a 3% equity stake. Since they appeared on the show, the sales have increased drastically.
- Sleep Styler – Sleep Styler is a hair roller that helps you get the perfect hairstyle without heat. This product appeared on Shark Tank in Season 8, Episode 19. The company was founded by Tara Brown, who was looking for a new way to style their hair. The deal of $75,000 for a 25% equity stake was closed.
- Lovepop – Lovepop is an online retailer that creates custom paper greeting cards with a 3D pop-up design and appears on Shark Tank in Season 7, Episode 11. The company was founded by Wombi Rose and John Wise, who wanted to create a fun greeting card. They secured $300,000 for a 15% equity stake in the company.
- Cousins Maine lobster – Cousins Maine Lobster is a company that sells real premium lobster. This company appeared on Shark Tank in Season 4, Episode 6. The founder of the company is Sabin Lomac, and the deal was $55,000 for a 15% equity stake in the company.
Need a business valuation for your innovative ideas?
Shark Tank has been considered one of the most popular reality shows on TV. It has consistently been one of the highest-rated shows on TV, always drawing in millions of viewers. Season after season, the shark tank deals have gotten bigger, and many of them have been very successful. Are you looking for a business valuation expert to secure funding? Eqvista is here to provide accurate and timely valuations at a reasonable price. The experts are trustworthy and transparent in their dealings which makes them a go-to partner for funding your business.