Have you ever wondered what the ‘million dollar idea’ was for your favourite product featured on Shark Tank? In this article we take a look at 10 products that were rejected by the sharks but still managed to become million-dollar businesses. Read on to find out how they succeeded!
1. Ring
The company makes a doorbell that can be connected to your smartphone. The doorbell has a camera and allows you to see who is at your door, even when you’re not home.
Ring was created by Jamie Siminoff in 2013. He originally pitched it on Shark Tank in 2013, but he was rejected by all the sharks. The company was seeking $700,000 for a 10% stake in the business. The Sharks were not interested in investing and Ring was not able to get any funding from them.
Despite being rejected by the Sharks, Ring went on to be a huge success. The company was acquired by Amazon in 2018 for $1 billion. Ring is now one of the most popular home security companies in the world.
Ring’s story is a great example of how you can be successful even if you don’t get funding from investors. If you have a good product and a strong business plan, you can still make it big!
2. Copa Di Vino
The company was founded by James Martin, who came up with the idea for packaging wine in a jar while he was working as a waiter. He started the company in 2009, and it quickly became successful.
In 2012, the company appeared on Shark Tank. The Sharks were not impressed with the product and they all rejected the offer. Despite being rejected by the Sharks, Copa Di Vino has gone on to be a huge success. The company is now worth over $10 million and has sold over 50 million bottles of wine.
3. Coffee Meets Bagel
Coffee Meets Bagel was founded in 2012 by sisters Arum, Dawoon, and Soo Kang. The dating app quickly gained popularity among young professionals looking for a more curated dating experience.
The Kang sisters appeared on Shark Tank in 2015 and received a $30 million offer from Mark Cuban. However, they ultimately rejected the offer and decided to continue growing the company on their own.
Today, Coffee Meets Bagel is one of the most successful dating apps with over 10 million users. The app has been featured in The New York Times, Forbes, and Time magazine.
4. The Bouqs Company
The Bouqs Company is a floral delivery service that was rejected by the Sharks on Season 7 of Shark Tank. The company has since gone on to be extremely successful, with annual revenue in excess of $12 million.
The company was founded in 2012 by John Tabis and Juan Pablo Andrade. The two entrepreneurs were looking for a way to make sending flowers more convenient and affordable.
The Bouqs Company delivers fresh, hand-crafted bouquets to customers across the United States. The company offers a wide variety of bouquet options, as well as a subscription service that delivers flowers on a regular basis.
5. The Lip Bar
The Lip Bar is a makeup company that was started by two women, Melissa and Susie. They created a line of lipstick and other makeup products that are vegan, cruelty-free, and made with natural ingredients.. The Lip Bar was rejected by the Sharks on Shark Tank, but that didn’t stop the company from becoming a success.
The Lip Bar has been featured in magazines like Cosmopolitan and Allure, and they have even been featured on The Today Show. The company has grown tremendously since appearing on Shark Tank.
The Lip Bar is proof that you don’t need the Sharks to be successful. Even though they were rejected on national television, they went on to build a successful business. Their story is an inspiration to anyone who has ever had a dream.
6. Kodiak Cakes
Kodiak Cakes was originally rejected by the Sharks on Shark Tank, but has since gone on to be a huge success. The company makes whole grain pancakes and waffles that are high in protein and fiber.
Kodiak Cakes started out as a small operation, selling their products at farmers markets and local stores. However, they quickly grew in popularity and are now sold in major retailers across the country.
The company has been featured on many popular shows, including Good Morning America and The Today Show. They have also been featured in magazines like Men’s Fitness and Women’s Health.
Kodiak Cakes is a great example of a company that didn’t give up after being rejected on Shark Tank. If you have a great product, don’t give up on your dreams!
7. Nerdwax
Nerdwax is a beeswax-based product that keeps glasses from slipping down your nose. It was invented by an engineer who was tired of his glasses constantly slipping down his nose, and it has since become a popular product among people who wear glasses.
The product was originally pitched on Shark Tank, but the sharks rejected it. However, the inventor did not give up and he continued to sell the product online. It eventually became a million-dollar business!
If you have problems with your glasses slipping down your nose, then Nerdwax is definitely worth a try.
8. MealEnders
MealEnders are a unique weight loss and portion control tool that help you feel satisfied after eating.The product is simple – it’s a lollipop that you eat when you’re feeling hungry. The lollipop is made with all-natural ingredients and has a unique blend of protein, fiber, and water.
MealEnders were featured on Shark Tank in 2013, but they didn’t receive an investment from the sharks. Despite this, MealEnders have been a huge success. They are currently sold in over 20,000 stores nationwide, including Walmart, Target, and CVS.
If you’re looking for a simple way to control your portions and lose weight, MealEnders are definitely worth checking out!
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.
10. ISlide Sandals
ISlide is a custom slide company that was featured on Shark Tank in 2016. The company makes custom slides with your own design or logo.
The company was started by Justin Lecaire, who was inspired to create the slides after he saw his son wearing plain white slides with no design. He realized that there was a market for custom slides, and he created ISlide.
The company has been extremely successful, and they have made millions of dollars in sales. In fact, they have even been featured on Forbes and Inc. magazine.
If you are looking for a unique gift or a fun way to promote your business, ISlide is definitely worth checking out!
