7 Of The Biggest ‘Shark Tank’ Success Stories

7 Of The Biggest ‘Shark Tank’ Success Stories


Image via Facebook/ThePaintedPretzel

Image via Facebook/ThePaintedPretzel

Audiences can’t get enough of ABC’s “Shark Tank,” now in its fifth season. Each episode, entrepreneurs pitch their business plans as the sharks circle the tank. If their idea catches the interest of one of the investors, they have the opportunity to see their sales soar. But if the business is a flop-in-waiting, or if the numbers don’t add up, they could see their hopes and dreams shatter in front of millions. Last year, Wall Street Insanity brought you 5 great rejects from the “Shark Tank.” Now, we bring you some of its biggest success stories:

Ava the Elephant

screenshot via Facebook/AvaTheElephant

screenshot via Facebook/AvaTheElephant

Entrepreneur Tiffany Krumins figured out a unique way to help the medicine go down – without a spoonful of sugar. In 2009 she brought her idea, Ava the Elephant, to the “Shark Tank” in hopes of obtaining a partner that could help get her company off the ground. She may not have had a patent or even a mold for her children’s medicine dropper, but it was too cute for investor Barbara Corcoran to pass up. Of course, always none too short on words, Kevin O’Leary snarked at the infant company: “It’s not a business, it’s an idea,” he told Krumins. Still, Corcoran saw the product’s potential and offered Krumins $50,000 for 55 percent of her company. And it paid off. Sales soared from just $100,000 in 2010 to $500,000 in 2011 – and 2013 sales were forecast for more than $1 million! Ava the Elephant is now sold in 10 countries and is available in more than 10,000 stores in the U.S. alone. Krumins and Corcoran has launched an extension of their company: a new Ava product that will monitor a child’s temperature.

ChordBuddy


Sharks were blown away in 2012 when Alabama entrepreneur Travis Perry showed up to the tank with Big & Rich’s very own John Rich to help pitch his product, a device that helps children – or any novice – learn to play guitar chords. Perry had devised the tool himself when he saw his son struggling to learn the instrument. Perry’s ingenuity impressed all the sharks and he walked away with an investment from Robert Herjavec — $175,000 for just 20 percent of his company. Although ChordBuddy sold an impressive $130,000 in 2010, the investment paid off and sales were nearly $2 million in 2012. The device is now sold at more than 200 retail outlets, and the company has even developed its own line of acoustic guitars.

CitiKitty

Image via Citi Kitty

Image via Citi Kitty

What cat owner hasn’t, at some point in time, wished to see their furry friend climb up on the loo and use the toilet. No more messy litter boxes to clean and no more smell! Pennsylvania entrepreneur Rebecca Rescate felt the same way, and so she invented a device that helps to toilet train cats. She brought her invention to the “Shark Tank” in 2011, and watched Kevin Harrington and Barbara Corcoran bid against one another for the opportunity to invest. With an offer of $100,000 for 20 percent of her company, Kevin Harrington became her business partner. Rescate soon found the success for which she sought. Although Citikitty sold $100,000 in product when it launched in 2005, by 2011 revenue exceeded $1 million. She even pitched her product to consumers during appearances on “Late Night with David Letterman” and “The View.” Citikitty is now available in 1,000 stores, and the company has also added a line of cat and dog treats.

Daisy Cakes

Image via Facebook/Daisy Cakes South Carolina

Image via Facebook/Daisy Cakes South Carolina

Back in 2011, mother-and-daughter team Kim Nelson and Geraldine Adams entered the “Shark Tank” in hopes of getting an investment for their specialty cakes. Even though Nelson later noted that all the male investors couldn’t stop eating the cakes, Barbara Corcoran was the shark who ultimately invested in the company. With a meager investment of $50,000, Corcoran bought 25 percent of the business, and it soon paid off! With just $88,000 in revenue in 2010, Daisy Cakes sold $602,000 just one year later. Nelson has even appeared on QVC to promote Daisy Cakes, as well as the “Nate Berkes Show,” “Anderson Cooper,” “ABC World News” and “The Today Show.”

Copa di Vino

Image via Facebook/CopaDiVino

Image via Facebook/CopaDiVino

Entrepreneur and vintner James Martin wanted to get his single-serve wine that comes in a glass to the world, and he has – thanks to his 2012 appearance on “Shark Tank.” Although the sharks didn’t bite during his first appearance in 2011, they must have had non-buyer’s remorse because Martin became the only entrepreneur to be invited to re-pitch his business when he appeared in the tank again one year later. As it turned out, however, Martin didn’t need the investment, although the publicity surely helped. He turned down investor offers during each appearance, but has since seen revenue skyrocket from a not-too-shabby $300,000 in 2010 to $12 million in 2012. Copa di Vino is now sold in 42 states, including locations such as MGM. Hotels and Wal-Mart.

The Painted Pretzel

Image via Facebook/ThePaintedPretzel

Image via Facebook/ThePaintedPretzel

It never hurts to feed the sharks! Entrepreneur Raven Thomas’ tasty assortment of pretzels impressed the investors in the tank. But thanks to a $100,000 investment from Mark Cuban – who got 25 percent of the business in return – sales increased by 366 percent in just two years. Not only is the Painted Pretzel available in hundreds of stores, but Cuban helped Thomas partner her brand with Landmark Theaters.

EzVip.com

screen shot via EzVip.com

screen shot via EzVip.com

Florida-based entrepreneur Alashe Nelson introduced the sharks to his system of prepurchasing tickets and reservations for luxury events. At first, Mark Cuban wasn’t interested in investing. But when fellow shark Daymond John offered a marketing partnership with artist Pitbull in order to promote the service, Cuban changed his tune. The two sharks partnered to purchase 40 percent of EzVip.com for $150,000. EzVip.com later launched in Las Vegas and Miami, with plans to expand to Los Angeles, New York and Atlanta. Although revenue hasn’t been disclosed, its success has enabled it to expand services and offer access to high-end restaurants and travel accommodations.

Samantha Lile
 
  • DahaiDong

    Investors wanted for a million dollar business.
    A good investment should accuratly predict market need and profit. All of above stories can’t achieve this goal before investment. Here is a chance for any investors to achieve this goal.
    A patent pending Bed Sized Bed Bug Trap is available. http://www.bedsizedbedbugtrap.com.
    Revenue of mattress encasement at USA is $40 million per year.
    Revenue of heating entire house to kill bed bugs at USA is $200 million per year.
    Bed sized trap is as efficient as a camper sleeps inside tent.
    Mattress encasement is as nonsense as a camper sleeps outside tent and uses tent to seal mosquitoes inside a bush.
    Heating entire house instead of bed sized trap is as nonsense as heating entire house to kill ants instead of poison bait.
    Common sense is good enough to confirm the conclusion. The methods with $40 and $200 million revinue  will become obsolete after bed sized bed bug trap is well known. The competition for bed sized trap vs. mattress encasement is similar to laptop vs. typing machine.

    • jane

      DahaiDong you scammer.. go away

  • angelbear

    I want to know more about the barometer machine that was rejected on an (not recent) episode of “Shark Tank”-  it helps to regulate the barometric pressure in the air and keep it level- hence helping decrease pain, headache, etc… issues from the change of barometric pressure in the air! I could so use one for my RA and fibromyalgia (as could hospitals, nursing homes, etc… big changes in the b. pressure really affect pain levels! Anyone remember this product and what the fellow called it?

  • I watched season 3 featuring the chord buddy. It looked so amazing so I bought one at http://www.buychordbuddy.com/
    It was the best thing I ever  bought, the kids and I love it and use it all the time

  • TinaKolinas

    We just got a call from Shark Tank.  Our good looking CEO, Joey Franco will be putting his best foot forward on the show!  We sell pubic shavers, called hairerazor.com  Please root us in.

  • aqueenbyallmeans

    TinaKolinas how did it go?

  • tinglott

    Check out my site as well to earn extra money!! http://easywaystobuildmoney.yolasite.com/

  • Matt

    Dont trust this!! The actual website is https://www.chordbuddy.com/ and its only $50

  • jane

    ezvip bombed and is out of business.. Not really a huge success

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