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(#1) Ring AKA DoorBot
When founder Jamie Siminoff first appeared on Shark Tank in 2013, he presented a handy little gadget: the DoorBot. The invention lets homeowners see who's ringing their doorbell. Siminoff's Wi-Fi enabled product even lets you talk to visitors. Things did not initially go over well for Siminoff. He wanted $700,000 in exchange for a 10% stake, but investor Kevin O'Leary wanted more.
Siminoff left the show with no deal, but Amazon eventually bought the product (now known as Ring) for $1 billion.
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(#2) Squatty Potty
Squatty Potty founders Judy and Bobby Edwards appeared on the show in Season 6, touting a tool that promised the best #2 of your life. Apparently, propping one's feet up opens the colon for easier bowel movements. Kevin O'Leary and Lori Greiner put up $350,000 for 10% equity in the company.
And now the Edwards have a $30 million empire, all centered around a comfortable and healthy toilet experience.
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(#3) Scrub Daddy Sponges
Scrub Daddy, one of the most lucrative Shark Tank inventions, is not just an average sponge. When Scrub Daddy founder and CEO, Aaron Krause, first appeared on the show in Season 4, he explained the sponge's many virtues. Not only is it more durable, hygienic, and effective than other products on the market, it even gets softer in warm water and firmer in cold water. Plus it's shaped like a delightful smiley face.
Investor Lori Greiner snapped up the chance to invest $200,000 in exchange for 20% equity. Since then, the happy little sponges netted over $75 million in sales.
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(#4) Bombas
Shark Tank Season 6 featured a sock company with true heart. As the Bombas co-founders Randy Goldberg and David Heath explained, the socks not only come with an ingenious blister tab, but they also have extra-long staple cotton. Consequently, they're super cushiony yet highly breathable. Best of all, for every pair of socks purchased, another pair goes to someone without a home.
Investor Daymond John got in on the deal, offering $200,000 for a 17.5% stake. Bombas hit $50 million in sales in 2017 and now sells wool socks too.
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(#5) ReaderREST
After decades of misplacing his glasses, Shark Tank contestant Rick Hooper decided to do something proactive. He invented ReadeREST and presented it in Season 3. The invention is a simple magnetic bar that lets you clip your glasses to your shirt, so you don't put them down somewhere and misplace them. Investor Lori Greiner saw potential to market the product to her huge QVC audience, but her $150,000 investment offer would come at a price. She wanted 65% of the company.
Hooper took a leap of faith, and in three years after appearing on the show, his company brought in $13 million.
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(#6) Wicked Good Cupcakes
Wicked Good Cupcakes come from a mother-daughter tean in Boston, MA. Tracey Noonan and Danielle Vilagie appeared on the show in Season 4 to introduce the world to their cupcake in a jar concept. Why a jar? The handy storage solution protects the treats, so they can ship nationwide and arrive fresh and moist. Investor Kevin O'Leary liked the idea.
Rather than request equity in the company in return for his $75,000 investment, he asked for royalties of $1 per cupcake sold until his investment was reimburded and $.50 per cupcake thereafter. Things worked out "wicked good" in the end, and the company currently rakes in about $4.8 million annually.
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(#7) LuminAID
While many Shark Tank inventions make lives easier, the LuminAID saves lives. Developed by architecture students Andrea Sreshta and Anna Stork who appeared on Season 6, LumanAID is an inflatable product that provides a light source during emergency conditions. Though inspired by the 2010 Haiti earthquake, the invention is great for camping trips and power outages as well.
All the sharks wanted in on the students' idea, but the founders ultimately took Mark Cuban's offer of $200,000 in exchange for 15% equity. The company yielded over $7.5 million in sales as of 2018.
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(#8) GrooveBook
Hate having to hunt through hundreds of phone photos just to find the perfect one? That's why couple Julie and Brian Whiteman appeared on Season 5 for their GrooveBook app. The app lets you sign up for a monthly custom photo book subscription for $3.99 (which includes shipping costs). Each month you get a printed 4"x 6" photobook of your favorite pictures, complete with perforated edges to make tearing out your favorites a snap.
The couple ultimately accepted an offer from Mark Cuban and Kevin O'Leary; they invested $150,000 for 80% of the licensing rights to GrooveBook. The company blossomed and eventually sold to Shutterfly for $14.5 million.
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(#9) Manscaped
Josh and Steve King, a father-son duo, brilliantly pitched Manscaped. They got the idea for the below-the-belt men's grooming kits when Josh realized many guys did manscaping all wrong. After demonstrating their products on a shrub and garnering huge laughs from the sharks, the Manscaped founders landed a six-figure deal. Mark Cuban and Lori Greiner invested a hefty $500,000 in exchange for 25% of the company. A reported 73% of men now regularly trim their own hedges, and the company creates one of the premier products for manscaping.
Try it for yourself by using code RANKER20 to get 20% off your entire order on Manscaped. You get free shipping and a 30-day money back guarantee, so everything's risk-free. We recommend the Perfect Package 2.0, which includes an electric trimmer, a safety razor, and much more.
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(#10) Tipsy Elves Ugly Christmas Sweaters
At some point in holiday history, the world decided to embrace hideous Christmas sweaters, so when Evan Mendelsohn and Nick Morton appeared on Shark Tank Season 4 advocating next level Christmas garb, investor Robert Herjavec supported them. The team scored a $100,000 investment for 10% equity.
Herjavec helped the company avoid becoming a once-a-year novelty, advising them to offer products for holidays and events other than Christmas. Now Mendelsohn and Morton offer items like ugly football sweaters, patriotic ski suits, and really adorable ugly Christmas sweaters for dogs. The strategy paid off, and the company made roughly $70 million in sales as of 2018.
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(#11) BuggyBeds
Maria Curcio and Veronica Periongo appeared on Shark Tank Season 5 to promote BuggyBeds. The product enticed all five sharks - they invested $250,000 in return for 25% of the company. The crush-proof product attaches to any bed and attract any bed bugs in the vicinity. You can even use the bug traps in hotels and catch any insects before returning home.
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(#12) Copa Di Vino
Despite being disagreeable on the show, Copa Di Vino founder James Martin is still doing more than okay. He invented several different varieties of wine which are sold in single-serve, resealable, plastic containers. When he first appeared on Shark Tank in Season 2, Martin wanted $600,000 for a 30% stake.
The sharks expressed interest, but investor Kevin O’Leary encouraged Martin to ditch the wine and sell empty containers to other wine companies. The creator walked away without deal. Soon after the Shark Tank appearance, however, Martin's business garnered $5 million in sales in just a year.
The show's producers invited him back in Season 3, but he seemed wholly uninterested.
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About This Tool
Since its premiere in 2009, the highly acclaimed ABC reality TV show 'Shark Tank' gives entrepreneurs the opportunity to introduce their products to potential investors including Mark Cuban, Queen of QVC, and Kevin O'Leary, etc. Good products will inspire encouragement and investment capital. The products displayed on Shark Tank are very diverse, and absurd business ideas always face ridicule, only a few products in this reality shows have relatively small percentage can succeed.
This random tool introduces the 12 most successful products on Shark Tank in the past decade. Several of them failed to attract investors but still managed to obtain investment and expand the scale.
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