23 Most Successful Shark Tank Products
The 23 Most Successful Shark Tank Products Since its debut in 2009, Shark Tank has been a platform for aspiring entrepreneurs to pitch their innovative ideas to a panel of experienced investors, known as “sharks.” Over the years, many products have secured investments and gone on to achieve remarkable success. This article highlights the 25…
The 23 Most Successful Shark Tank Products
Since its debut in 2009, Shark Tank has been a platform for aspiring entrepreneurs to pitch their innovative ideas to a panel of experienced investors, known as “sharks.”
Over the years, many products have secured investments and gone on to achieve remarkable success.
This article highlights the 25 most successful Shark Tank products, detailing the investors, episodes, seasons, investment amounts, equity stakes, and the current net worth of the companies and their founders.
Scrub Daddy
Investor: Lori Greiner
Episode & Season: Season 4, Episode 7
Amount Invested: $200,000
Equity Stake: 20%
Current Net Worth: $250 million
Founder’s Net Worth: Aaron Krause, $70 million
Scrub Daddy, a smiley-faced sponge that changes texture based on water temperature, has become one of Shark Tank’s biggest success stories. With Lori Greiner’s backing, it quickly became a household name and a top-selling cleaning product.
Bombas
Investor: Daymond John
Episode & Season: Season 6, Episode 1
Amount Invested: $200,000
Equity Stake: 17.5%
Current Net Worth: $225 million
Founder’s Net Worth: David Heath and Randy Goldberg, combined $15 million
Bombas, a sock company with a social mission, donates a pair of socks for every pair sold. The brand has expanded its product line and continues to thrive, thanks to Daymond John’s investment and mentorship.
The Bouqs Company
Investor: Robert Herjavec
Episode & Season: Season 5, Episode 3
Amount Invested: $258,000
Equity Stake: 15%
Current Net Worth: $100 million
Founder’s Net Worth: John Tabis, $25 million
The Bouqs Company offers farm-direct, eco-friendly floral arrangements. Robert Herjavec’s investment helped the company scale its operations and improve its logistics, leading to significant growth.
Squatty Potty
Investor: Lori Greiner
Episode & Season: Season 6, Episode 9
Amount Invested: $350,000
Equity Stake: 10%
Current Net Worth: $50 million
Founder’s Net Worth: Bobby Edwards, $30 million
Squatty Potty, a bathroom stool designed to improve bowel health, gained massive popularity after its Shark Tank appearance. Lori Greiner’s investment and guidance played a crucial role in its success.
Cousins Maine Lobster
Investor: Barbara Corcoran
Episode & Season: Season 4, Episode 6
Amount Invested: $55,000
Equity Stake: 15%
Current Net Worth: $65 million
Founder’s Net Worth: Sabin Lomac and Jim Tselikis, combined $15 million
Cousins Maine Lobster brings fresh Maine lobster to food trucks and restaurants nationwide. Barbara Corcoran’s investment and business acumen have been instrumental in the company’s expansion.
- Cousins Maine Lobster reached over $50 million in annual sales as of 2021, with 37% year-over-year growth.
- In 2016, just four years after appearing on Shark Tank, Cousins Maine Lobster had expanded to 20 food trucks in 13 locations, opened a restaurant, and achieved $20 million in sales.
- The company has continued to rapidly expand through franchising, growing to over 50 locations across 45 cities by 2021.
Cousins Maine Lobster’s success can be attributed to several factors:
- Serving fresh, sustainably sourced Maine lobster and developing a reliable supply chain to deliver consistent quality
- Appearing on Shark Tank in 2012 and securing a $55,000 investment from Barbara Corcoran for a 15% stake, which provided funding and mentorship for rapid growth
- Franchising the business model, allowing for quick expansion across the U.S. and internationally
The company offers multiple franchise models, including food trucks, restaurants, and e-commerce, with an initial investment range of $197,350 – $537,300. Franchisees pay an 8% royalty fee and 2% ad royalty fee
Simple Sugars
Investor: Mark Cuban
Episode & Season: Season 4, Episode 20
Amount Invested: $100,000
Equity Stake: 33%
Current Net Worth: $15 million
Founder’s Net Worth: Lani Lazzari, $10 million
Simple Sugars offers all-natural skincare products. Mark Cuban’s investment helped founder Lani Lazzari scale production and distribution, leading to substantial growth.
Tipsy Elves
Investor: Robert Herjavec
Episode & Season: Season 5, Episode 12
Amount Invested: $100,000
Equity Stake: 10%
Current Net Worth: $70 million
Founder’s Net Worth: Evan Mendelsohn and Nick Morton, combined $15 million
Tipsy Elves specializes in quirky holiday apparel. Robert Herjavec’s investment helped the company expand its product line and reach a broader audience, resulting in impressive sales growth.
ReadeRest
Investor: Lori Greiner
Episode & Season: Season 3, Episode 7
Amount Invested: $150,000
Equity Stake: 65%
Current Net Worth: $27 million
Founder’s Net Worth: Rick Hopper, $10 million
ReadeRest, a magnetic eyeglass holder, became an instant hit after Lori Greiner’s investment. The product’s practicality and Lori’s QVC connections propelled it to success.
Red Dress Boutique
Investor: Mark Cuban
Episode & Season: Season 6, Episode 3
Amount Invested: $1.2 million
Equity Stake: 20%
Current Net Worth: $30 million
Founder’s Net Worth: Diana Harbour, $15 million
Red Dress Boutique, an online fashion retailer, saw exponential growth following Mark Cuban’s investment. His guidance helped improve the company’s inventory management and online presence.
Groovebook
Investor: Mark Cuban and Kevin O’Leary
Episode & Season: Season 5, Episode 13
Amount Invested: $150,000
Equity Stake: 80%
Current Net Worth: $14.5 million (sold to Shutterfly for $14.5 million)
Founder’s Net Worth: Julie and Brian Whiteman, $15 million combined
Groovebook, a subscription photo book service, caught the attention of Mark Cuban and Kevin O’Leary. Their investment led to a successful acquisition by Shutterfly.
Ten Thirty One Productions
Investor: Mark Cuban
Episode & Season: Season 5, Episode 6
Amount Invested: $2 million
Equity Stake: 20%
Current Net Worth: $30 million
Founder’s Net Worth: Melissa Carbone, $15 million
Ten Thirty One Productions, known for its live horror attractions, received the largest investment in Shark Tank history at the time. Mark Cuban’s support helped the company expand nationwide.
Lollacup
Investor: Mark Cuban and Robert Herjavec
Episode & Season: Season 3, Episode 22
Amount Invested: $100,000
Equity Stake: 40%
Current Net Worth: $2 million
Founder’s Net Worth: Hanna and Mark Lim, $1.5 million combined
Lollacup, a spill-proof sippy cup, benefited greatly from the dual investment. Mark Cuban and Robert Herjavec’s resources helped scale production and distribution.
Bottle Breacher
Investor: Kevin O’Leary and Mark Cuban
Episode & Season: Season 6, Episode 8
Amount Invested: $150,000
Equity Stake: 20%
Current Net Worth: $17 million
Founder’s Net Worth: Eli Crane, $5 million
Bottle Breacher, a veteran-owned company that makes bottle openers from recycled bullets, gained popularity with the support of Kevin O’Leary and Mark Cuban.
Wicked Good Cupcakes
Investor: Kevin O’Leary
Episode & Season: Season 4, Episode 22
Amount Invested: $75,000
Equity Stake: Royalty deal ($0.45 per cupcake sold)
Current Net Worth: $15 million
Founder’s Net Worth: Tracey Noonan and Dani Vilagie, $5 million combined
Wicked Good Cupcakes, a cupcake-in-a-jar business, saw significant growth with Kevin O’Leary’s unique royalty deal. The company expanded its online sales and retail presence.
Nuts ‘N More
Investor: Robert Herjavec & Mark Cuban
Episode & Season: Season 4, Episode 17
Amount Invested: $75,000
Equity Stake: 30%
Current Net Worth: $10 million
Founder’s Net Worth: Peter Ferreira, Dennis Iannotti, and Neil Cameron, combined $3 million
Nuts ‘N More offers high-protein nut butters. Robert Herjavec’s investment helped the company scale its production and distribution, leading to strong sales growth.
Simply Fit Board
Investor: Lori Greiner
Episode & Season: Season 7, Episode 7
Amount Invested: $125,000
Equity Stake: 20%
Current Net Worth: $160 million
Founder’s Net Worth: Linda Clark and Gloria Hoffman, combined $12 million
Simply Fit Board, a balance board for fitness, skyrocketed in popularity after its Shark Tank appearance. Lori Greiner’s investment and marketing expertise were crucial to its success.
Kodiak Cakes
Investor: None (deal fell through)
Episode & Season: Season 5, Episode 22
Current Net Worth: $200 million
Founder’s Net Worth: Joel Clark, $10 million
Despite not securing a deal on Shark Tank, Kodiak Cakes, a whole grain pancake mix company, achieved remarkable success. The exposure from the show boosted sales and brand recognition.
Copa Di Vino
Investor: None (turned down offers twice)
Episode & Season: Season 2, Episode 1; Season 3, Episode 12
Current Net Worth: $70 million
Founder’s Net Worth: James Martin, $12 million
Copa Di Vino, a single-serve wine company, turned down offers from the sharks twice. The company thrived independently, leveraging the exposure to build a successful brand.
Bubba’s-Q Boneless Ribs
Investor: Daymond John
Episode & Season: Season 5, Episode 16
Amount Invested: $300,000
Equity Stake: 30%
Current Net Worth: $16 million
Founder’s Net Worth: Al “Bubba” Baker, $6 million
Bubba’s-Q Boneless Ribs offers a convenient way to enjoy ribs without the bones. Daymond John’s investment and strategic guidance helped the company secure major retail deals.
Lovepop
Investor: Kevin O’Leary
Episode & Season: Season 7, Episode 11
Amount Invested: $300,000
Equity Stake: 15%
Current Net Worth: $20 million
Founder’s Net Worth: Wombi Rose and John Wise, combined $8 million
Lovepop creates intricate 3D pop-up greeting cards. Kevin O’Leary’s investment enabled the company to expand its product line and improve its marketing efforts.
Sleep Styler
Investor: Lori Greiner
Episode & Season: Season 8, Episode 19
Amount Invested: $75,000
Equity Stake: 25%
Current Net Worth: $10 million
Founder’s Net Worth: Tara Brown, $4 million
Sleep Styler offers heat-free hair rollers for styling hair while you sleep. Lori Greiner’s investment and QVC connections helped the product achieve widespread success.
The success stories of these 25 Shark Tank products demonstrate the transformative impact of the right investment and mentorship.
From innovative kitchen gadgets to life-changing fitness tools, these entrepreneurs have turned their dreams into reality with the help of the sharks. Their journeys highlight the importance of perseverance, adaptability, and strategic partnerships in achieving business success.
