Some Of The Most Successful Companies That Have Appeared On Shark Tank

Some Of The Most Successful Companies That Have Appeared On Shark Tank

The popular investment competition series Shark Tank is different from most reality competition shows in that even the failures get a huge boost in business thanks to appearing on the show – the old adage that all publicity is good publicity springs to mind. But nothing beats winning over the famous investor Sharks on their home territory, and here are a few of the most successful companies that managed to do just that – along with the sales figures that vindicate the sharks’ decision to invest.

Scrub Daddy: $100 Million in Sales

Purportedly an improvement on a typical sponge, the Scrub Daddy has gone from a season 4 success story to more than $100 million in sales. Not bad for a product that was originally developed for the specialized market of mechanics and other auto car industry professionals.

Bombas: $50 Million in Sales in 2017 

Bombas are premium socks with cushioning that put them above and beyond the average sock most of us wear every day. It operates on a similar model to the TOMS shoe brand, with a pair of socks being donated to a homeless shelter or other community center that needs it for every pair purchased. In 2017, the business model succeeded with a reported $50 million in sales for the year.

Tipsy Elves: $50 Million in Sales

Resident shark Robert Herjavec made a $100,000 gamble on these “ugly sweaters” with a brand name that has branched out into ski gear and other apparel back in 2013. The gamble paid off, with an estimated $50 million in sales since then.

Squatty Potty: More Than $30 Million in Sales

We all remember the Squatty Potty’s massive social media push from a couple of years ago, but you might not recall that it was originally featured on Shark Tank, where it caught the eye of Lori Greiner. Since then, it’s exceeded $30 million in sales (and that was back in 2017).

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Source: Celebrity Net Worth