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10 Unsuccessful Shark Tank Proposals That Became Million-Dollar Successes
10 Rejected Shark Tank PITCHES that MADE MILLIONS After the Show
Finding investors for a company concept is a common goal for entrepreneurs, and one well-known method is presenting the offering on the reality series "Shark Tank." Although some entrepreneurs may take it personally if they are rejected by the small panel of investors on the show, some of the top entrepreneurs had to deal with hundreds of rejections before finding success. In this article, we will highlight 10 unsuccessful "Shark Tank" proposals that went on to make millions.
ISLIDE Sandals
ISlide, a bespoke slide business, was highlighted on "Shark Tank" in 2016. The business creates unique presentations using a brand or design, and it has generated millions of dollars in revenue. The business was profiled by Forbes and Inc. Magazine, and it is worth checking out for a special present or a fun way to advertise a company.
CoatChex
CoatChex, a coat check service for employers, was turned down by the sharks on "Shark Tank," but the company went on to raise over $2 million in capital and be used by over 4,000 companies. CoatChex is a great example of a business that persevered after being rejected by "Shark Tank" and serves as a reminder not to give up on a company concept if funding is not obtained from the sharks.
MealEnders
MealEnders, a portion management and weight-reduction tool, appeared on "Shark Tank" in 2013 but was not invested in by the sharks. Despite this, the product has been a big success and is now offered at over 20,000 stores, including Walmart, Target, and CVS. MealEnders is worth considering if looking for an easy solution to manage meals and lose weight.
Nerdwax
Nerdwax, a beeswax-based product for preventing glasses from sliding down the nose, was created by an audio engineer and was first shown on "Shark Tank." The sharks declined to invest, but the creator persisted and eventually turned the product into a million-dollar company. Nerdwax is a good option for those struggling with glasses sliding down the nose.
Kodiak Cakes
Kodiak Cakes, a company that produces high-protein and whole-grain pancakes and waffles, was initially turned down by the sharks on "Shark Tank." However, the company has since gone on to achieve great success.
These five examples of businesses that were rejected by the sharks on "Shark Tank" but went on to achieve great success serve as a reminder that rejection is not the end and that there are always other opportunities to grow and find success.
Not all pitches became a success story and not all business ideas that were turned away was bad. Here is our list of the top 10 rejected shark tank pitches that succeeded after the show...
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