9. CoatChex
We all know that the Shark Tank television show can make or break a business. If you get a good deal from the Sharks, your business will likely succeed. However, if you don’t get a good deal, you may be out of luck.
Interestingly, some of the most successful businesses on Shark Tank were actually rejected by the Sharks. One such business is CoatChex, a coat check system that helps businesses keep track of their coats.
Instead, they went on to raise over $2 million in funding and grow their business. Today, CoatChex is used by over 4,000 businesses worldwide and has processed over 10 million items.
CoatChex is a great example of a company that didn’t give up after being rejected on Shark Tank. If you have a good business idea, don’t be discouraged if you don’t get funding from the sharks. There are other ways to raise money and make your business successful.
