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- As the site reported, the cake ball company Sweet Ballz dissolved amid legal issues, the push-up machine company Body Jac lost its shark’s $50,000 investment, the soap company You Smell rejected its shark’s off-screen deal tweak, and “Netflix of Toys” ToyGaroo went bankrupt a year after receiving its Shark Tank investment.
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In this article, we’ll investigate some of Shark Tank’s biggest failures: businesses that failed to capitalize on the huge opportunity of being featured on the show, and some of the biggest missed investment opportunities from the sharks.
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- 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 · Shark Tank’s track record of success is daunting, and it’s easy to get discouraged when you see the countless products that tanked. But we’re here to tell you that getting rejected by the Shark Tank investors doesn’t necessarily mean your product is doomed.
- 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.
- Body Jack. Jack Barringer, an entrepreneur and infomercial star, walked to Shark Tank in season 1 confident that his invention would be a success. He needed one of the sharks to invest $180,000 in his business.
- Toygaroo. Toygaroo is also among the worst Shark Tank deals. The idea behind it was to offer a subscription-based service for renting toys. This allowed parents to keep their children engaged with various types of toys while at the same time avoiding the clutter of ownership.
- Breathometer. When Breathometer made it to the Shark Tank stage, every shark wanted a piece of it because it sounded too good! The product was pitched as a game changer for all individuals concerned about their alcohol consumption and how it impacted their ability to drive.
- Show No Towels. Show No Towels was another great product featured on the Shark Tank TV series. It was a great idea aimed at providing a creative and functional solution to parents and kids during bath time.
Aug 31, 2024 · . 10 Failed Shark Tank Companies. 1) ToyGaroo. What was ToyGaroo: “The Netflix for toys”, a subscription service allowing you to rent different toys every month. ToyGaroo’s founders: Hutch Postik, Nikki Pope, Phil Smy, Rony Mirzaians, Young Chu. ToyGaroo at Shark Tank: Season 2, Episode 2.
Oct 5, 2020 · These are some of the Shark Tank products that failed—or simply faded away—after getting their 15 minutes of fame on the ABC reality show.
