Over the course of 9 engaging and entertaining seasons Shark Tank has proved to be a litmus test for an entrepreneur to know whether they can successful sustain and expand a business. The latest season of the show witnessed some pathbreaking concepts and skillful entrepreneurs motivated to make it big in the startup world, albeit with the funding and expertise of the Sharks.
Venture Capitalist – Kevin O’Leary, Billionaire Sports Owner – Mark Cuban, Real Estate Mogul – Barbara Corcoran, Inventor and Queen of QVC – Lori Greiner, Technology Innovator – Robert Herjavec and Fashion and Branding Expert – Daymond John
Season 9 of the show also saw a list of guest Sharks who have established themselves as pioneers in the business world – serial entrepreneur, investor and philanthropist Richard Branson; Spanx owner Sara Blakely; Skinnygirl founder Bethenny Frankel; iconic Smartwater and Vitaminwater brand-builder Rohan Oza; and legendary baseball player and businessman Alex Rodriguez.
Entering the Tank with a single goal in mind, aspiring entrepreneurs strive to get a deal from the Sharks on the show to transform their lives and turn entrepreneurial dreams into reality. Nearly 70% of these go-getters managed to convince a panel of tough, self-made, multi-millionaire and billionaire tycoons known as Sharks to invest in their business, while the rest were shown the door.
Here’s a look at some of the revolutionary products from Shark Tank Season 9:
It almost never happens that once an entrepreneur finishes the pitch, Sharks line-up to invest in the business without any more convincing to do. Hater founder Brendan Alpen found himself in a unique position once he introduced his revolutionary dating app that matches candidates based on their common hatred for things. With numerous studies finding that individuals who hate the same things form closer bonds than those who share common interests of love for the same things. With a $4 million valuation, Brendan joined hands with Mark who came on board with $200k for 10% stake in the company.
Offering a sassy, attitude-filled tea-drinking experience, Snarky Tea seized the attention of Shark Kevin O’Leary and guest Shark Bethenny Franknel. With a line of bold and sarcastically-named teas, such as ‘Fierce B***H’ & ‘Wake the F**K Up’ that provide varying benefits to tea-drinkers, Jenni found partners in Kevin and Bethenny who invested $150,000 in exchange for 50% equity in the company.
Sierra Madre Research
Hammocks that hang from the ground providing complete protection from rain, it is also the first hammock tent. This comfortable and affordable product secured a $175,000 investment from guest Shark Richard Branson.
A carefully designed emergency kit equipped with the finest survival essentials. Armed with a detailed instruction manual, this kit is a life saver as it can steer one through multiple lethal situations. Every gadget within the kit is easy to find, making it a must-have gear for the adventurous. It got a generous funding of $200,000 from Shark Robert Herjavec.
While the world was busy fidgeting with spinners, there was Jason Burns, CEO/Founder of ‘Fidgetland’, who looked at the fidget spinner through a different lens. He envisioned to be apt for those with Attention Deficit Hyperactive Disorder (ADHD) condition, given that they always need something to fidget with. Burns customized the product for all those with the ADHD condition, to burn out the extra energy and restlessness and help concentrate. He named it ‘Fidgetland’, made it compact and easy to use. Convinced by the proposition Shark – Barbara Corcoran invested $50,000 for a 20 percent stake in the company.