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Throughout its nine seasons, the show “Shark Tank” has averaged four to nine million viewers. It’s the biggest public platform that an entrepreneur could hope for, and just a 10-minute pitch on the show can translate to huge sales. Household names like the Scrub Daddy and Tipsy Elves all got their start after successfully striking deals on the show, but even companies that walked away without deals have done well, if not better than companies that did.
The founders of these companies took their “Shark Tank” rejections in stride, using them as learning lessons to nonetheless make millions in sales. Money from the judges would’ve been nice, but it turns out the national exposure can be just as valuable.
Check out the 8 companies that you’ll be surprised didn’t get deals on “Shark Tank”
The Bouqs Co.
The Bouqs Co./Instagram
Online flower delivery service The Bouqs Co. left the Tank in 2014 without an investment, but Robert Herjavec kept them in mind three years later when he was planning the flowers for his wedding. Herjavec eventually ended up investing after getting a firsthand glimpse into the process behind creating the beautiful arrangements. Co-founder and CEO John Tabis said that there were several days in 2017 when the company sold $ 1 million in flowers in a day. It’s now valued at $ 43.1 million.
This smart video doorbell gives homeowners peace of mind about who’s at their door, whether they’re at home or not. When Ring founder Jamie Siminoff appeared on the show, he valued his company, then called DoorBot, at $ 7 million.
Since then, it’s counted prominent investors like Kleiner Perkins Caufield Byers, Qualcomm Ventures, Goldman Sachs, and Richard Branson among its supporters. Most recently, Amazon bought Ring in a deal worth over $ 1 billion, a testament to its versatile capabilities beyond home security.
The co-founder and COO of Kodiak Cakes, a natural food brand that makes whole grain, protein-rich breakfast options, went on the show seeking a $ 500,000 investment for 10% of their business. Though the Sharks all liked the taste and nutritional benefits of these pancake mixes, none of them agreed with the valuation.
Now, it’s the fastest-growing pancake mix brand in the US, growing 80% year-on-year and approaching $ 100 million in revenue.
Kodiak Cakes Power Cakes Unleashed Flapjack On the Go Baking Mix (12-Count), $ 20, available at Amazon
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