The purpose of this disclosure is to explain how we make money without charging you for our content.
Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.
Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.
Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.
Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.
To find out more about our editorial process and how we make money, click here.
Since it premiered in 2009, Shark Tank has introduced the world to restaurant chains, smartphone apps, and, yes, the Squatty Potty. Products boasting an “As Seen on Shark Tank” sticker are found in Best Buys, CVSs, and Bed, Bath, & Beyonds across the country, and show has a loyal following, with millions of viewers tuning in for each episode. The regular Sharks on the show, investors like Mark Cuban and Barbara Corcoran, have become household names.
The show takes aspiring business owners who have an idea or product and lets them pitch five shark investors in roughly five minutes – and if they get an offer, it has the potential to make overnight success stories of regular people. It’s not an easy task, as the sharks certainly dish out a hefty dose of criticism and skepticism on every idea. But these five businesses prove that once you land a shark, or multiple sharks, you can seriously cash in:
All five sharks split a $250,000 investment in Buggy Beds, which produces a bedbug detection system.
The products are currently available in over 20 countries, and the company pulled in an estimated $1.2 million in sales in 2016.
Sharks Mark Cuban and Kevin O’Leary split a $150,000 investment for 80% licensing rights in this photo book-building app.
The company was purchased by Shutterfly for $14.5 million in 2014, when it reportedly had more than 1 million downloads.
Perhaps one of the most famous Shark Tank startups, Tipsy Elves sells ugly sweaters for all occasions.
Shark Robert Herjavec offered the company $100,000 for 10% equity back in December 2013. Last year, the company’s revenues was estimated at $8 million.
Shark Lori Greiner offered the Squatty Potty team $350,000 for 10% equity. The company enjoyed a $1 million overnight bump after the show, and in 2016 brought in a reported $30 million in revenue.
The original product line of “good posture toilet seats” has since expanded to include air fresheners and cheeky t-shirts.
It wasn’t just Squatty Potty that’s brought Greiner some success. She offered $200,000 for 20% in Scrub Daddy, a kitchen sponge company that brought in a reported $50 million last year. That’s the most of any product to be featured on the show, according to Forbes.
Since its Shark Tank success, Scrub Daddy has added a slew of new products, including the Scour Daddy, Sponge Daddy, and Eraser Daddy.