27, Oct 2023
From the Tank to Triumph: The Most Successful Pitches as Shark Tank Season 15 airs on Colors Infinity
Shark Tank has always been a platform for innovative entrepreneurs to showcase their businesses to the world. These businesses from Shark Tank not only gained the support of the Sharks but also went on to become thriving ventures. With Shark Tank Season 15 now airing on Colors Infinity, let’s take a closer look at some of the most successful pitches from the show’s history.
Cousins Maine Lobster – Business that brings the best of Maine seafood
During Season 4, Sabin Lomac and Jim Tselikis introduced their food truck, a high-end concept offering lobster shipped from their home state of Maine to California. Barbara Corcoran was impressed and made a deal, investing $55,000 for 15% of their company. Shortly after the episode premiered, they hit $700,000 in sales and made $8 million in 2016.
Lollacup – A unique sippy cup for childrens
Concerned about the safety of the dishes they were using for their children, Hanna and Mark Lim developed a BPA and phthalate-free alternative, the Lollacup, with a flexible straw. Both Mark Cuban and Robert Herjavec saw the potential and invested $100,000 for a 40% equity stake. Today, the Lollacup has expanded into Lollaland, offering a range of child-friendly products.
Cleaning Supplies By Scrub Daddy – Solution for an effective cleaning supply
Aaron Krause, an entrepreneur with an idea for a highly effective cleaning supply, pitched his product in Season 4, Episode 7. Lori Greiner saw the potential and offered $100,000 for 10% ownership in the business. Krause accepted the offer and managed to retain 50% equity. Today, Scrub Daddy is valued at nearly $3 million and is sold in over 30,000 retail locations across 17 countries.
Hoodies By Comfy – Cool, snuggly, colorful oversized hoodies
Inspired by a nephew wearing an oversized hoodie while lounging on the couch, the Comfy brothers launched their Kickstarter page. Barbara Corcoran invested $50,000 for a 30% equity stake when they appeared on Shark Tank, even before having any units manufactured or sold. This investment helped them kickstart production and generate over $250 million in sales.
LovePop – Intricate Pop-up Cards
Lovepop, founded by Wombi Rose and John Wise, uses 3D shapes and planes to create intricate pop-up cards. They appeared on Shark Tank in 2015 and accepted Kevin O’Leary’s $300,000 offer for 15% ownership. Lovepop has since earned over $80 million and has a net worth exceeding $100 million. Rose and Wise were inspired by their background in naval architecture and aimed to bring their passion for design full circle to ships.
Watch Shark Tank Season 15 every Saturday at 8pm on Colors Infinity to discover more exciting pitches and entrepreneurial journeys.