Anshika Jain
·
Nov 11 2024
Shark Tank USA is a famous reality TV show where people with big ideas pitch their businesses to investors, i.e., the sharks. In this show, if you get a deal, it's like a big thumbs up for your idea, and the deal will make your business soar to new heights in the market. But what if, by some miracle, you manage to convince not one, not two, but all five sharks to invest in your idea? You will be walking on water, right? But it hardly ever happens because bagging a deal with all five sharks is like hitting the business jackpot. Your business will have access to expert advice, diverse resources, and massive exposure.
Therefore, in this blog, we'll talk about the top lucky businesses that said yes and got All Sharks’ deals, which made them super successful. So read till the end because it's truly a journey worth the popcorn.
Here are the top companies that received investments from all the sharks. Are you ready to be thrilled?
Founders - Mark Singer and Kenzo Singer
Season - 14
Original Ask - $25,000 for 5% Equity
Deal - $125,000 for 20%
Sum Up - You definitely would've heard about the famous father-son duo that wowed all five investors with their company of foldable reading glasses doubling as bracelets. Despite Eyewris' profitability and Mark's significant investments, they only sought guidance, and after a heartfelt plea from Mark about his legacy, a bidding war erupted. Ultimately, the investors collectively offered $125000 for a 20% stake, a rare show of interest. Kenzo expressed pride in his dad's emotional display during negotiations. Now, the company's net worth is currently $1.6 million.
Founders - Mark Furigay
Season - 1
Original Ask - $250,000 for 10%
Deal - $250,000 for 100%
Sum Up - Mark Furigay had big plans for his company on Shark Tank. He wanted to keep control of the songs and sell them to schools for teaching. Kevin O'Leary wasn't happy with just investing in the label; he wanted control of the songs, too, but Mark disagreed. Their educational music set included over 30 CDs and a teacher guide, priced at $500. The sharks wanted to buy the whole company and all the music rights for $250,000 plus a 5% royalty forever. After tough negotiations, Mark agreed to the sharks' offer. But sadly, despite the hype, Mark's company, Classroom Jams, didn't succeed, and it seems like it no longer exists. Still, it's a big moment in Shark Tank history because all five sharks agreed on a deal.
Founders - Maria and Veronica
Season - 4
Original Ask - $125,000 for 70%
Deal - $250,000 for 25%
Sum Up - Maria and Veronica entered Shark Tank Season 4 with a bang, highlighting the growing bed bug problem in the US. Their Buggy Beds, a simple early bed bug detection device, stole the spotlight. Despite being new, Buggy Beds had made $150,000 in sales, $100,000 of which was profit. They had big retailers interested, such as Home Depot and Walmart. The sharks were impressed but hesitated at the valuation. Maria revealed they turned down a $5 million offer for their patents. After intense talks, all five sharks offered $250,000 for 25%. Barbara initially hesitated but joined in. Maria and Veronica made a historic deal with all five sharks! Buggy Beds continues to thrive in major stores, estimated at a $4 million value. Buy Buggy Beds here: Amazon
Founders - Charles Michael Yim
Season - 5
Original Ask - $250,000 for 10%
Deal - $1,000,000 for 30%
Sum Up - Charles Michael Yim brought the Breathometer to "Shark Tank." It was a device that could check your blood alcohol level through your breath using your smartphone. If you were too drunk, it would tell you when you'd be sober enough for a cab. Yim asked for $250,000 for 10% of his company. All five sharks were interested and made an unusual deal: $1 million for 30% of the company. Mark Cuban put in $500,000 for 15%, and the other sharks put in the rest. They hoped to make the Breathometer successful by combining their skills, but something else was needed. Mark Cuban blamed Yim's partying lifestyle for the failure, but Yim disagreed. The company faced issues with misleading investors, and it sadly shut down.
Founders - JD Claridge and Charles Manning
Season - 7
Original Ask - $500,000 for 20%
Deal - $1500000 for 25%
Sum Up - One standout pitch was from xCraft, a drone company. They wanted $500,000 for 20% of their company, but the sharks pushed back. After some back-and-forth, somehow, all five sharks agreed to invest $1.5 million for 25% of xCraft.They settled on $6 million, asking $1.5 million collectively for 5% equity each. Mark Cuban accepted, sealing a deal with all five sharks. But, despite the big deal, xCraft didn't work with any of the sharks. It's a reminder that deals on the show sometimes go through. However, appearing on "Shark Tank" can still lead to big success. xCraft's value shot up to $17 million, and they expanded their drone business beyond recreational use, becoming a $35 million company. Buy Cup Board Pro here: Amazon
Founders - Kaley Young
Season - 10
Original Ask - $100,000 for 10%
Deal - $100,000 for 20%
Sum Up -Keith Young, a former NYC firefighter, created Cup Board Pro, a cutting board with a tray to collect food scraps. Inspired by his firefighting and cooking experience, he started developing it in 2010. Keith battled cancer from 9/11 debris and passed away in 2018. And now His kids, Kaley, Christian, and Keira, pitched Cup Board Pro on "Shark Tank," seeking $100,000 for 10%. The sharks, moved by their story, collectively invested $100,000 for 20%, donating profits to 9/11 charities. Cup Board Pro saw a surge in sales post-show and is now partnering with Williams Sonoma. They donated $10,000 to the FDNY Foundation in 2022, matched by Lori Greiner and Mark Higgins, and right now, its net worth is $15 million.
All these companies were too good at their ideas and believed that they could achieve something, which they did! Moreover, here is an analysis of the typical traits amongst these pitches so you can learn what helped them secure an all-sharks deal.
Each company offered something different that solved a problem. They had things like glasses that fold up music sets for schools, gadgets to find bed bugs, breathalyzers that connect to phones, drones, and unique cutting boards. These products either fix a need or generate new ideas.
Most of these companies were already selling many of their products or making good money. For example, Buggy Beds had already sold $150,000 and made $100,000 in profit, whereas Eyewris just came to guide his son because he already had huge funding. This showed the sharks that people liked what they were selling.
Some of the companies had touching stories behind them that made the sharks really interested. Cup Board Pro, for example, had a story about the founder battling cancer from 9/11 debris. These stories added a personal touch that got the sharks invested emotionally.
The people behind these companies were good at talking and making deals. They knew how to handle tough talks about money and control. Even when things got tricky, like arguing about how much the company was worth or who should be in charge, they still got all the sharks on board.
Some of the companies wanted to do good things with their profits. Cup Board Pro, for instance, pledged to give money to charities connected to 9/11. This made the sharks see them as profit-driven and caring about making a positive impact.
Even if they didn't end up working closely with the sharks after the show, many of these companies still did well. They got bigger and started selling their products in major stores. This shows that being on "Shark Tank" can boost a company's success, even if they don't get a deal with the sharks.
Overall, from season 1 to season 15, these companies shared traits like having excellent products, doing well financially, sharing touching stories, negotiating, caring about social causes, and growing even more after appearing on "Shark Tank."
This concludes our blog: Giving up is never an option because you never know—you might be the next to get an all-sharks deal!
Do you want to learn more about Shark Tank or even want to get a better understanding of how to create a sizzling pitch? You know where to find that! Only on our website, SharkTankSeason.com
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