Shark Tank, the popular reality television show that has become a breeding ground for successful businesses, has come a long way since its humble beginnings in 2009. The show, which features aspiring entrepreneurs pitching their business ideas to a panel of wealthy investors, has helped launch countless companies and has generated over $225 million in lifetime sales for its featured products.
The Early Years
The idea for Shark Tank originated from a Japanese television show called Dragons’ Den. The American version of the show premiered on ABC in August 2009, and it quickly became a hit. The show’s original investors, or “Sharks” were Mark Cuban, Barbara Corcoran, Kevin O’Leary A.K.A. Mr. Wonderfull, and Daymond John. The show was created by Mark Burnett who has also produced “Survivor” and “The Apprentice“.
A Platform For Success
Shark Tank has provided a platform for countless entrepreneurs to pitch their business ideas to a panel of successful investors. The sharks are known for their tough love approach, and they often challenge the entrepreneurs on their business plans and marketing strategies. However, the sharks are also known for their willingness to invest in promising ideas, and they have helped launch a number of successful businesses.
Most Profitable Shark Tank Brands
Some brands that have been on Shark Tank are brands you see every day at the store. They have amassed a huge following off of the investment in the Sharks. Some of these brands include: Scrub Daddy, Ring Doorbell, and Squatty Potty. These brands were able to capitalize and build an extremely profitable business off of the initial investment, and it goes to show new businesses that it could happen for them too!