In its 14th season, Shark Tank USA kicked off with a bang, showcasing a super-powered batch of entrepreneurs with innovative ideas and ambitious dreams. As the season progressed, the viewers were treated to a rollercoaster of pitches, negotiations, and deals that transformed budding ideas into full-fledged businesses.
Therefore, this blog aims to share the best moments and stories from Shark Tank Season 14, showing how some entrepreneurs turned their pitches into profitable businesses.
Like the previous seasons, Shark Tank Season 14 featured many colourful characters diving into the tank. But before that, let's get to know the sharks because, you know, they decide whether you are fit for the tank or not.
Mark Cuban - Co-founder of Broadcast.com
Kevin O'Leary - Co-founder of SoftKey
Daymond John - Founder, CEO, and President of FUBU
Lori Greiner - Queen of QVC
Robert Herjavec - Founder of Herjavec Group
Barbara Corcoran - Founder of Corcoran Group
Emma Grede - CEO and Founder of Good America
Peter Jones - Founder of Phones International Group
Daniel Lubetzky - CEO and Founder of KIND
Kendra Scott - CEO and Founder of Kendra Scott
Gwyneth Paltrow - Founder of Goop
Tony Xu - CEO and Co-founder of DoorDash
Given that these sharks are so terrific, they made it hard for the fish to swim this season!
But hey, you know what difference there is between Season 14 and previous seasons? Of course, the casting! Apart from that, It was the first season to feature a live audience. Also, this season ranked among the best in Shark Tank's history, as the average deal success rate has increased from 42% ten years ago to 68% in season 14.
Now, let's see which companies got lucky this season and got the investment they desired.
Each company brings a unique product or service to the table, backed by passionate founders with a vision of success. Among many companies, the top 10 standouts were.
Original Ask - $25,000 for 5% Equity
Deal - $125,000 for 20%
Invested By - Mark Cuban, Daymond John, Kevin O'Leary, Lori Greiner, Barbara Corcoran
The Gist: With its innovative reading glasses design, EyeWris instantly impressed the sharks. Despite low initial sales, offers flooded in. Ultimately, all five sharks joined the forces, and now EyeWris is set to soar with newfound marketing and potential for record-breaking sales. You can watch the full episode of EyeWris here: Pitch.
Original Ask - $400,000 for 5% Equity
Deal - $400,000 for 10% + $3 per unit sold
Invested By - Mark Cuban
The Gist: You Go Natural is a brand of head wraps. With a production cost of $5.50 and a $35 selling price, the sharks were impressed with its $10 million revenue projection. After sealing the deal, You Go Naturals thrived and even rolled out in Target stores. You can watch the full episode of You Go Natural here: Pitch.
Original Ask - $500,000 for 5% Equity
Deal - $500,000 for 5% as a line of credit
Invested By - Kevin O'Leary
The Gist: Tia Lupita Foods stands out for its simple, healthy ingredients like cactus in tortillas and chips. Sales surpassed $1.5 million in 2020, with a $4 million projection in 2022. Easily impressed by the sales, Tia Lupita cracked a deal and is now expanding into stores like Sprouts and Whole Foods. You can watch the full episode of Tia Lupita Foods here: Pitch.
Original Ask - $500,000 for 10%
Deal - $500,000 for 15%
Invested By - Lori Greiner
The Gist: Slick Barrier is a patented system that prevents pests from entering homes and offices. Although initially, the founders were hesitant, they finally decided to go with the 15% equity deal. Post - Show that this product has been an enormous success and is expanding its products according to customer requirements. You can watch the full episode of Slick Barrier here: Pitch
Original Ask - $200,000 for 5% Equity
Deal - $200,000 for 15%
Invested By - Daymond John
The Gist: Kent is a compostable underwear brand developed to address environmental concerns. Despite slow progress, Kent secured a deal and expanded into T-shirts and crop tops, gaining recognition from Anthropologie and media outlets. You can watch the full episode of Kent here: Pitch.
Original Ask - $200,000 for 15%
Deal - $450,000 for 6% + $100,000 line of credit
Invested By - Mark Cuban, Barbara Corcoran
The Gist: Braxton became the first black transgender to secure a deal, making a significant milestone through his brand of luxurious dopp kits for people who need to carry medical supplies. Impressing Mark Cuban and Barbara Corcoran, his brand is now running smoothly and has a bright future. You can watch the full episode of Stealth Bros & Co. here: Pitch
Original Ask - $70,000 for 30%
Deal - $70,000 for 39%
Invested By - Daymond John
The Gist: Brooke recognized the demand for crop tops and invented a silicon device to transform shirts quickly. With six months in business, Tucky made $60,000 in revenue, providing its concept. Finally, Tucky got a deal and is on the way to further growing her unique business idea. You can watch the full episode of Tucky here: Pitch.
Original Ask - $150000 for 10%
Deal - $150,000 for 20% + $2 royalty on each sale in perpetuity
Invested By - Barbara Corcoran
The Gist: Dr. Bobbi Peterson, an experienced orthodontist from Brooklyn, showcased her Big Mouth Toothbrush. Her passionate pitch was very convincing to Barbara Corcoran. But the biggest achievement is that the product sold out after 24 hours of the episode, making the company a huge success. You can watch the full episode of Big Mouth Toothbrush here: Pitch.
Original Ask - $60,000 for 20%
Deal - $60,000 for 20%
Invested By - Mark Cuban
The Gist: Griftline's Shredskinz is a disposable sauna suit that attracted attention on Shark Tank. Griffin's emotional pitch resonated with investors, showcasing both his products and personal story that secured a deal for success beyond Shark Tank. You can watch the full episode of Shredskinz here: Pitch.
Original Ask - $150,000 for 10%
Deal - $150,000 for 20%
Invested By - Lori Greiner, Peter Jones
The Gist: Sean Adler, a wealth adviser, bet on banana preservation with Nana Hats. His quirky product impressed the investors Lori and Peter. After a pitch filled with enthusiasm and ambition, Adler secured a deal, and now he aims for broader retail distribution. Watch the full episode of Nana Hats here: Pitch.
Each of these companies had different challenges on their way to success. EyeWris initially struggled to sell its innovative reading glasses but eventually got all five sharks to invest, which helped them with marketing. You Go Natural did well with their head wraps, making a lot of money and getting into big stores after making a deal. Tia Lupita Foods initially faced doubts but proved themselves with high sales and entered major stores. Slick Barrier had to overcome the founders' worries but did well after the show by making more products. Kent took time to grow but got recognized for its eco-friendly underwear and expanded its range. Each company had its journey, showing off new ideas and determined leaders.
In conclusion, Shark Tank 14 is a wild ride! We met some cool folks and their awesome ideas. Even after so many ups and downs, they all rocked it, proving that Shark Tank is a platform where dreams come true.
But Wait!!! If you read this blog till here, you are definitely a business enthusiast and a Shark Tank fan, so why not we take this information to the next level? Every single detail of this show will be updated for you only on our website Sharktankseason.com
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