Here’s What Happened After Shark Tank
Shark Tank, the popular reality TV show where entrepreneurs pitch their business ideas to a panel of wealthy investors, has produced many success stories. However, not every entrepreneur who appears on the show walks away with a deal. In this article, we will explore what happened to a few of the businesses featured on Shark Tank after their appearances on the show.
1. Scrub Daddy
One of the most well-known success stories from Shark Tank is Scrub Daddy, a company that produces innovative cleaning products. Founder Aaron Krause appeared on the show in 2012 and managed to secure a $200,000 investment from Lori Greiner. Since then, Scrub Daddy has experienced tremendous success, with sales reaching over $100 million. The product has become a household name, and Krause’s invention is now available in stores nationwide. With its catchy name and effective functionality, Scrub Daddy has certainly scrubbed its way to the top.
2. My Pillow
Another notable success story is that of My Pillow, a company that manufactures and sells high-quality pillows. Mike Lindell, the founder, appeared on Shark Tank in 2011 but failed to impress the sharks with his pitch. However, this setback did not stop Lindell. He continued to work on improving his product and marketing it relentlessly. Today, My Pillow is a thriving business, with annual sales exceeding $300 million. Lindell’s determination and unwavering belief in his product have proven to be the key ingredients for his success.
3. Tipsy Elves
Tipsy Elves is a company that specializes in holiday-themed apparel and accessories. In 2013, founders Evan Mendelsohn and Nick Morton appeared on Shark Tank and received an investment from investor Robert Herjavec. Since then, Tipsy Elves has grown exponentially. Their quirky and festive products have gained popularity, especially during the holiday season. The company has expanded its product line beyond Christmas sweaters and now offers a wide range of themed clothing for various occasions. Tipsy Elves’ success is a testament to the power of finding a niche and embracing it.
4. The Bouqs Company
The Bouqs Company, a subscription-based flower delivery service, made its way onto Shark Tank in 2014. Founder John Tabis pitched his company and convinced Robert Herjavec to invest $1.1 million. Following the show, The Bouqs Company experienced rapid growth, expanding its customer base and establishing partnerships with major retailers. The company’s focus on eco-friendly practices and farm-to-table flowers has resonated with consumers, contributing to its success. Today, The Bouqs Company continues to bloom in the competitive world of online flower delivery.
5. Doorbot (Ring)
Doorbot, now known as Ring, is a smart doorbell company that provides homeowners with security and convenience. Jamie Siminoff, the founder, appeared on Shark Tank in 2013 but was rejected by the sharks. Undeterred, Siminoff continued to grow his business and rebranded it as Ring. The company’s innovative doorbell camera caught the attention of investors outside of Shark Tank, and it eventually received funding from other sources. Today, Ring is one of the leading players in the smart home security industry, with a wide range of products and a substantial customer base.
6. Nuts ‘N More
Nuts ‘N More, a company that produces high-protein spreads and snacks, entered the Shark Tank in 2013. Its founder, Peter Ferreira, faced a tough negotiation with the sharks but left with a deal from investor Mark Cuban. Following the show, Nuts ‘N More experienced significant growth, leveraging its exposure to further expand its product line and distribution channels. The brand’s emphasis on healthy and delicious nut-based products has resonated with fitness enthusiasts and health-conscious consumers. With its continued success, Nuts ‘N More has proved that a little bit of nuttiness can go a long way.
Conclusion
Appearing on Shark Tank can be a life-changing opportunity for entrepreneurs, even if they don’t secure a deal with one of the show’s investors. The exposure, feedback, and advice received during the show can be instrumental in propelling a business to new heights. The success stories of Scrub Daddy, My Pillow, Tipsy Elves, The Bouqs Company, Ring, and Nuts ‘N More demonstrate that passion, perseverance, and belief in one’s product are crucial factors for post-Shark Tank success. These entrepreneurs embraced the challenges they faced and turned them into stepping stones towards building thriving businesses.
*Source www.foodrepublic.com
