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Learn about the businesses that failed to capitalize on the huge opportunity of being featured on Shark Tank, and the missed investment opportunities from the sharks. See the reasons behind the failures, such as sourcing problems, shipping costs, lawsuits, and fads.
- Biem. Can’t get enough of butter? Why settle for a pat of it when you can spray it as much as you want? Well, at least that was the idea behind Biem, a butter-spraying kitchen utensil.
- Breathometer. The Breathomether had every good intention of promoting public safety. Charles Michael Yim developed it to be a portable breathalyzer device.
- CATEapp. CATEapp is supposedly a dating app, but its features seem a little too ill-intentioned for good taste. That’s because the app features an option where chat and text conversations can be “hidden” from curious and/or suspicious spouses.
- Chef Big Shake. Chef Big Shake was a shrimp burger business by Shawn Davis. He was asking for $200,000 for 25% equity of the business. The Sharks’ reception was mixed.
Jan 17, 2024 · 1. ToyGaroo. Source. Why did ToyGaroo fail? According to founder Phil Smy, there were two main reasons: Sourcing prices: It was difficult to source the toys affordably. They hoped their newfound investors would help them with contacts at Mattel, but nothing came of it. Shipping costs: the toys had very different dimensions.
- The Breathometer (2013) At first glance, the Breathometer, developed by Charles Michael Yim, seemed like an ingenious idea. Presented in season 5 of the show (2013), the portable breathalyzer could pair up with a smartphone to read the user’s blood alcohol levels.
- CATEapp (2012) In season 4 of the show (2012), the Shark Tank investors heard a presentation from Neal Desai, inventor of CATEapp. Known as the “cheater’s app”, CATEapp offered the ability to hide messages from select contacts, enabling them to only be seen by the phone’s primary user.
- Sweet Ballz (2013) Although the investors in Shark Tank have, on multiple occasions, highlighted how risky investing in food businesses can be, Mark Cuban and Barbara Corcoran jumped at the opportunity to invest in Sweet Ballz.
- Squirrel Boss (2013) Michael Desanti presented Squirrel Boss in season 4 (2013) of Shark Tank. At its core, it was a simple bird feeder, but it had a feature that would send an electric shock to pests like squirrels to deter them from stealing the bird food.
- Henry Blodget
- Staff Pick. An online flower delivery service. The Bouqs Co. Flower Delivery Service. left the Tank in 2014 without an investment, but Robert Herjavec eventually ended up investing after getting a firsthand glimpse into the process behind creating beautiful arrangements.
- A smart video doorbell. Ring Video Doorbell Pro. When Ring founder Jamie Siminoff appeared on the show, he valued his company, then called DoorBot, at $7 million.
- Natural food with whole grain, protein-rich breakfast. Kodiak Cakes Flapjack and Waffle Mix. The co-founder and COO went on the show seeking a $500,000 investment for 10% of the business.
- Non-irritating wax for glasses to help them stay up. Nerdwax Glasses Wax. Before appearing on the show, the founders say their sales were $136,000, but glasses-wearers across the country who watched the show loved the concept and helped bring sales to $1 million.
Oct 5, 2020 · Learn about the fate of some of the businesses that appeared on the ABC reality show Shark Tank, such as GiftCardRescue.com, Postcard on the Run, and Toygaroo. Find out why they shut down, recalled products, or lost investors' money.
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Oct 3, 2023 · Our article below will walk you through our compilation of all the Shark Tank products that failed. For each product, we have compiled crucial info like the details of the pitch, why it failed, and even the post-show outcome.
