10 Rejected Shark Tank Pitches That Made Millions...

you're dead to me when you say no to my deal you're dead you're going I don't even know if you are your favorite join me as I show you the ones the shark tanks hosts wish they took an item out I'm just a reminder about our new giveaway we're giving away the new iPad pro or the new iMac pro the choice is yours all you have to do is watch the full video leave a like comment the keyword hidden in the video and make sure you're subscribed eight doorbot jamie siminoff came to the sharks with a pitch for his item the doorbot he labeled it as a new form of home security and he was right it was something new for it would actually go in the place of a doorbell and when you tapped it an image would be sent to your phone tablet or various other smart devices to let you know who was there without you having a peer outside of a peephole or window if you think this sounds familiar you know what this is called right now think of it as caller ID for your front door but as noted in the intro the art of the deal is vital in Shark Tank and Jamie wasn't the best prepared in terms of his numbers making it so that only one of the Sharks would make an offer one that Jamie turned out however not long after Jamie got a ton of attention from outside investors including the one and only Richard Branson they all saw the potential on this device and knew they had to invest in it oh but it gets even better you see in February of 2018 Amazon yes that Amazon decided to buy the company for 1 billion dollars its partnered with ring in the past but this time they are going to buy ring which is the smart doorbell maker and the item itself it's now called ring and it's being used not just by many around the world it's being shown off in various TV shows and commercials shark kevin O'Leary went onto a show to talk about this and noted that he was happy for the outcome but did note that while he wasn't jealous he did wish he had made a deal on the device why cry over spilled milk when you know there's another great deal coming for the shark tank with all that profit I bet they wish they had seen this coming get it because of the device having a camera I'll move on 7 chef's big shake food is a pretty popular thing that has taken a shark tank believe it or not it's not just the foods you expect that'll be on there like I'll show you in a bit but rather the odd foods make it there as well such as shrimp burgers yes this is a real thing and people all over actually do enjoy burgers that are made out of shrimp hey shake that's pretty good Thank You Sean Davis aka chef big shake he went to the shark tank to help show off his specially made shrimp burgers and even these hungry hungry sharks couldn't deny that this was quality food the problem with the pitch though was very common they didn't believe in Sean's numbers in terms of what he said the company was and could be everything about she's right except for that number and you're now at 40% of $200,000 I'm out so despite some great food no one has gave him an offer yet not long after though a group of people from Davis's hometown came together to make him an offer that far outpaced what the Sharks offer because of that he found his products in eight hundred stores across the US and now it's up to 2,500 that's a massive jump in only a few years time didn't get a deal I was tremendously disappointed but as soon as I came back I was welcomed by so much support thousands of emails a lot of investors called me and one to offer CBS crews a chance another jump that happened was his profits as he went from getting around 30k a year to getting over five million dollars annually the irony here is that before the Sharks let him go they wished him the best of luck with his business bet they wish they did more than that now I hope he really makes six kodiak cakes sometimes the hardest pitches to see regretted by the team at shark tank are the ones that have the most heart to them now who's ready to unleash your inner bear Joel Clarke went to Shark Tank to pitch his business kodiak cakes what made this such a heartwarming story was that this business was inspired by his mother who for a long time would actually go door to door in order to sell people her pancake recipe kodiak cakes is a flapjack and waffle mix it's unique because it's made with 100% whole grains has no added fats or sugars and all you have to do to make it is add water him and his brother were inspired by this and thus opened up a business where they sold not only her recipe but other products that had a similar homemade quality to them they ran the company for over a decade but weren't getting what they want - even after a business deal that should have made them more didn't so they went to the Sharks but the Sharks weren't buying what they were selling Kevin O'Leary even called their products a commodity they didn't believe that the brothers had sold about 3.6 million dollars worth of products that year so they didn't give him a good offer fast forward to 2018 and not only did the brothers get a bunch of sales over the years since Shark Tank their annual sales are over 100 million dollars think about that 100 million dollars for a commodity their success has allowed the brothers to expand their line of products and sell even more and I can't help but think that their mother has to be proud 5-0 shoes when it comes to the otter items you see on Shark Tank you can sometimes understand why the Sharks turn them down for example when Lita Phoenix and Stephen san-chan came on to pitch their Xero shoes line you could see why the Sharks weren't impressed at first these two were self-proclaimed long-haired hippies and they made a line of shoes that made you feel like you were walking around in bare feet but having more covering you this was done via special materials that made you feel lightweight and not boxed in like regular shoes so what I'm gonna do is on one foot I'm gonna give you our four millimeter Kinect this is the closest thing there is to barefoot plus a layer of protection but the shock that took the sharks over the edge was when the duo said that their product info was worth over five million dollars and because of this only one of the Sharks even attempted to make an offer but a piece of rubber put a string on it and you said that this is great technology and then you say the company's worth five million dollars and you've only done no we say the company's worth five million then because of our industry the industry and it was much less than Lida and Steven wanted so they left fast-forward to 2015 and because of their appearance on shark tank known to many as the shark tank effect the duo sold over 1.5 million products and in 2017 they gross 5.2 million in profits now you're invited to be one of a limited number of investors to join us and be part of a worldwide community and with new ideas and concepts in their Xero shoes line those profits are destined to rise even higher Lena is one of the most conservative and well-rounded financial people I know the Sharks are surely regretting telling the two to step out I'll move on for PyCon LLC Jeff Stroupe was a guy who wanted to help people with his product as well as making money with it but unlike most items on this list his item would actually save lives he made a special fire hose and attachment that would actually allow firefighters to latch on the hose to a fire hydrant in a quicker amount of time than they were right now with their current attachments anyone who is dealt with these fires before knows that seconds factor into how deadly a fire can be and how quickly it can be put out he went to the Sharks to try and help him expand the business and thus reach more people with his product ironically not only did shark Mark Cuban offer a deal Jeff initially accepted it mark I like your offer a lot better I'll accept it but once the show is over and the deal was made to be finalized it didn't work out however this was a blessing in disguise for once he was free of the deal he was able to build up the company his way and the shark tank effect helped him to get his product out there to more people without having Cubans influence on the product Cuban himself offered 1.25 million dollars to buy out the whole company as well as other benefits for geoff plus a 3-year employment agreement at 100k per year but now haikon LLC is worth many millions of dollars that's a burn Cuban is going to be feeling for a while 3 sell Helmut David R to Sol and Mike Kane understood one of the simplest facts about business if there's a need there will be a demand if that need is fulfilled look at your cell phone right now how many times have you dropped it how many times have you had to replace your phone because you've cracked your screen we just happen to be the only company on earth who's bundling our protective accessories with a safety net of accidental damage coverage well these two guys came up with a simple idea to fix it or at the very least make sure it was harder to break they came up with sell helmet this was a case that would encompass your phone and ensure that your glass screen wouldn't crack without significant effort you know like having a car run over it but just as important they had a warranty system that would guarantee immediate fixes should something happen to the phone with the cell helmet on it so not only were they making the product they were promising to keep it functional should something go wrong with it that's something not a lot of people would be willing to do and ironically this is what made the Sharks not happy they saw this warranty as a way to get scammed not to mention there could be other big-name companies who could do this better without the warranty issues floated out to the tank thank you guys after their appearance investors rushed in to pick up with the Sharks wooden and because of these offers the cell helmet can be found in three thousand stores across the u.s. in fact it's fair to say that some of you watching this video right now either have the cell helmet or have an offshoot of it I bet the Sharks wish they didn't hang up on this offer what the puns are there to lip bar Melissa Butler and Rosco Spears seemed like the typical they don't know what they're doing or pitching when they came onto Shark Tank even some of the Sharks yelled out that this is a bad idea but what was their idea well they were selling lipstick now hold on if you know the realm of beauty products you know there are many many different brands and each offers something different and true to form lip bar was a brand of high quality products and they had an interesting array of shades that actually did impress the sharks the problem though was that the ladies didn't have a very good business plan the chances that this is a business practically and their marketing strategy was very convoluted including having a lip bar truck that was being made while they were pitching to the Sharks and thus the Sharks didn't make an offer that being said some magazine people were watching that episode and contacted Melissa and Rosco not long after this allowed them to show off their lipstick line to various companies one such company was Target who now owns a line exclusively in their stores which has made the ladies very rich and profitable expecting a lip pun sorry my lips are sealed here one rocket book I want you to think about a notebook any notebook it doesn't matter which one what is the one inherent flaw with that notebook simple once the paper is used up you have to go and get another one well Jake Epstein and Joe LeMay came out of shark tank with their idea of the rocket book a digital notebook of sorts that would allow you to write whatever you wanted and then putting it in the microwave in order to erase everything no joke it's the real deal and they could prove it with their sales as they went and did two million in them before coming onto the show rocket book it's really just a pen and paper notebook but take notes in your rocket book and scan them with the rocket book app to instantly blast those notes to popular cloud services instantly organized for you for whatever reason though the Sharks just weren't interested likely because they felt that in this digital world having such a notebook was irrelevant only reason I'm microwaving this book is to erase it so I don't have to buy a new one what's the matter with you guys I just want to sell a second well they didn't account for the 10 million sales they would be getting after the episode aired they took that initiative to remake the rocket book into the everlasting notebook which got 2.5 million in support and then it went on to Amazon where it became their best-selling notebook of 2016 why would I want to erase it why wouldn't I want to make them throw it out or burn it and buy another one guess the Sharks had to see this item blast off without them thanks for watching can you believe that the Sharks turned down some of these deals which ones were you most impressed with or most surprised by the outcome with let me know in the comments below be sure to subscribe and I'll see you next time

Channel: Star Show

Views: 3,191,961

Rating: 3.1018164 out of 5

Keywords: Deals The Shark Tanks Host, shark tank, mark cuban, robert herjavec, barbara corcoran, business, daymond john, investing, abc, kevin o'leary, shark tank best pitch, lori greiner, shark tank biggest deal, kevin o leary, tv, shark tank full episode, shark tank deals, entertainment, shark, tank, 2020, shark tank season 8, shark tank fight, news, funny, shark tank best, shark tank investors, lori grenier, top 10, money, 2017, chris sacca, sharks, tv show, shark tank interview

Id: L0YHc-nQw0c

Length: 13min 11sec (791 seconds)

Published: Sun Mar 31 2019