Shark Tank on 20/20

remember the ugly Christmas sweater company tipsy elves welcome to the to see elves fashion show this stuff is hideous they surprise the Sharks by selling wacky and clever holiday attire last year we you know we had 862 thousand dollars in sales and now they're expanding into new frontiers we've created a lot of new styles and we're ready to meet the demand this year gypsy elves reports 40 million dollars in sales one of Roberts top investments on the show our company is Tom + Chee let's feed some to Barbara see if she lives Barbara not only lived she invested in the grilled cheese restaurant called Tom + Chee everything in my bones are saying this is a runaway hit it's now expanded to eight teen franchises across 14 states total sales so far a reported 47 million dollars I'm John and this is my partner laundy it's been just 14 months since Kevin felt the love for the 3d greeting card company love pump we're tapping into something much bigger the human needs to connect I was the most nervous at that point over any other time in my life barber real estate of course but his is money since then their companies reported growth from 300,000 in sales to more than 8 million kevin says his initial investment has been returned tenfold you should be very excited but you are the doctor of I am the doctor of love and this was the company that knocked Damon socks off our company is Babas and we're here today seeking $200,000 in exchange for a 5% equity stake in season 6 Randi Goldberg and David Heath pitched their sock company and got a lot of heat from Kevin you guys are still sock cockroaches sock cockroaches he sure did oh man this guy I mean Kevin like put our socks on his hands sock puppet that was good I'm gonna talk to you guys and you're gonna talk to me Damon invested in the company great decision and in two and a half years they say they've made well over 20 million dollars in sales shark tank is gasoline it just lights up let me ask you about the notoriously bad pitches my company is can you tell us more about it it's so easy oh you can do it with your friends you can do it with your child he starts fumbling from the moment he gets out there Mike oh my god I have a headache I forgot Mike you know right the first three to two to three minute pitch and just froze what is your product we we develop a brand of stand-up paddleboards and they started making fun of me I got called a nerd I think you should stick with being a nerd in fact we heard Kevin say don't worry it's only your biggest moment your life that was one of his best deals while most of the Sharks were out for blood you have failed to get your message across and I'm listening with both ears wide open don't listen to a word she said Mark through Stefan our stoles paddle board company a lifeline I'm willing to give you $150,000 for 30% of the company so I'll do it whoa whoa did not see that I did not see that coming the result a reported 25 million dollars in sales he's returned my money you know 12 15 times over already lots of money made for the Sharks but what is the daddy of all deals two words scrub daddy Lori has this little sponge she's claiming I don't believe her that she's doing 80 million dollars on that such claims according to Lori Grenier that number is even higher in just four years we have hit a hundred and ten million in retail sales that would make this smiley-faced sponge the ultimate shark tank success story the ones work what can you say every morning I wake up with a new vengeance to make sure that no one takes our title as the most successful item in the history of the show but there is another business nipping at its tail introducing the simply fit board when mother-daughter team Linda Clark and Gloria Hoffman pitched their exercise board to the Sharks last year Gloria said she had $52 in her bank account I'm getting busy stopping the team paired with Lori to create an infomercial in several languages simply supported and distributed it internationally soy Lori Grenier the shark tank hola soy Lori grinning she may be selling it and I don't know if she's making money I'm sure she's selling a lot because the commercials keep on running but that doesn't make it a good product sorry Lori mark if she's selling it how is it not a good problem you can do the Hokey Pokey for 12 hours a day that doesn't mean you're good to be simply fair the bottom line it's been simply successful when something changes your life it's a crying moment simply fit boards reported retail sales have hit 96 million dollars in just 15 months and remember Gloria who only had $52 in her bank account she just bought a luxury home for her and her two boys with cash it truly is the American dream overnight my whole life changed so what's so remarkable about shark tank for me is watching the level playing field of the show there are no barriers to entry you walk in you make your pitch and I need a little help that's where you guys come in everybody is equal and some people leave with their dream funded you have a deal and some people don't come up but you know Elizabeth it's hard and it should be hard but the great thing about us is I think none of us see race color sex we just see our tree people having to see green shark cake talking about a lot of the big hits now it's time to talk about the companies that you missed regret the regrets the things you wished you'd invest it always comes to this we wouldn't admit it do you not admit it when you don't want to be a loser why cry over spilt milk when you know there's another great deal coming for the shark tank one deal that should really hurt involved a company called doorbot a video doorbell system introducing the door bot the first-ever video doorbell built for the smartphone the Sharks went out one by one it's really not an internet play it's a consumer device I just don't think it's for me this company stopped being worth 7 million could be worth 80 million 90 million I just don't see the progression and for that reason I'm out but CEO Jaime siminoff walked out of the tank and straight to the bank doorbot now renamed ring is reported to be valued at 460 million dollars the most of any company to appear on Shark Tank over 100 million in sales over a thousand team members now in the company coming from where we were at in the garage the garage it's a heels done it's a two-car office it has been a crazy I mean beyond crazy ride one of the quote-unquote misses of shark tank was Copa de vino for somebody in the sense that he made a huge oh I'll believe it when I see it groans from the Sharks because Copa de vino and its owner James Martin is probably the most infamous entrepreneur ever to enter the tank America's first premium wine by the glass his product a single serve cup of wine was a hit with the Sharks Wow that's never been done in wine before and I grant him that was a good move I really like your patent his personality not so much you could feel the antipathy through the TV's that guy yeah I mean it was like we didn't respect him you guys all try to get into I mean a wine business the problem with him he tried to sell me on a winery that is a bad business time and when the Sharks began to circle why are we even in the wine business why aren't we licensing this to all the wineries Martin began to sweat he was sweaty I'll buy 51% of it for $600,000 Martin rejected the offer angering all the Sharks I am going to go buy a thousand-dollar bottle of wine tonight and I'm gonna drink it because I'm weeping for the opportunity lost this was your moment and turn around it's gone but in a shark tank first Martin returned the following year this time uncorking some juicy sales figures we went from 600,000 in sales to five million in sales in one year I was right we were building a brand and ready to rub the Sharks noses in it oh are you kidding me we kicked you to the curb Jane you're still dead to me I had a hate for kevin O'Leary at a level that wasn't healthy at all and my opportunity to come back was also my chance to get the last word in and say look you blew it but I'm also gracious enough to give you a second chance with your investment will drink these together and we'll toast to the millions we'll continue to roll in you've tortured me so long I'm gonna put an offer out anyways the second time he came on he stood out there and he knew we all were interested and he was trying to be too cool too smart it's a million dollar bottle of wine he was up there thinking he's like he's the man instead of just taking the deal Martin kept taking sips of his wine playing coy it was it was a lot of money we were negotiating and he's like I'm gonna take a sip and what did I do I'm out right I don't need you that much you screwed around you're playing games and there's nothing I hate more than playing games and you came in and created drama I'm really out I mean I think we all know the Sharks blew it and missed out on the biggest opportunity they ever had which was me but with Kobe divino nobody regrets to date copa de vino says it has sold 38 million cups of wine in places ranging from convenience stores to Madison Square Garden reportedly earning 12 million dollars a year Cheers I didn't need the Sharks they needed me the Sharks needed me they needed a really really successful brand that went everywhere and they didn't get it because they got greedy I think in the second one he forgot his place he is not the shark where are the Sharks and then there was the dating app coffee meets bagel coffee meets bagel is here to profoundly change how people discover and fall in love the three King sisters came into the tank looking to find a match if I offered you thirty million dollars for the company would you take it [Music] No we got so many emails for you crazy ancestors are so crazy what happens when you could turn down coffee meets bagel 30 million down oh no no I'm not there's a dumb deal for you ok so first of all thank goodness I stopped sisters walking window i sat there I said hypothetically speaking right if I offered you thirty million dollars right would you take it and then they went out and started doing interviews and telling everybody Mark Cuban offered them thirty million dollars and we turned them down so yeah we there was no I was one of the near misses for you Robert was books a flower delivery service that you passed on we all passed on it the books company disrupts the flower delivery system by selling directly to consumers cutting layers of middlemen in the process its founder john chavis had a really hard time in the tank all the Sharks seemed to hate the product it's a flower business I think it's a terrible name it is six days of delivery whoa I'm at in my defense I think they did a bad job of doing the presentation and they had astronomical numbers they were doing two million a year and they said next year will be twelve and then we'll be thirty and we hate stuff like ever like I'll never happen if I want to send flowers to your grave I have to wait six days and I think and I think you died here today I thought I did pretty well you know I a b-plus brutal we did a million dollars two days ago in the day so we did in 24 hours more than we had done in the entire year leading up to the shark tank fast forward three years later I'm getting married and I get a quote for the flowers I'm like this is not tucking flowers cost so much might call him up I say John Robert from shark tank Huck and flowers cost so much he said come and see me I'll explain the flower business to you draws it out for me shows them what they're doing I'm like I love it so I took part of their last we just raised 24 million dollars so you did get in well then as to what I regret not doing because that's the deal I would have loved you you that's what everyone and most importantly I saved a ton of money on my flowers [Music]

Channel: 20/20 - Official Channel

Views: 582,869

Rating: 4.7311072 out of 5

Keywords: 20 20, 2020 full episodes, 2020 full episodes 2016, 2020 episodes, 20/20 full episodes, 20 20 full episodes, 2020 trump, 2020 full episodes 2017, Mark Cuban Kevin O’Leary, Barbara Corcoran, Daymond John, Robert Herjavec, shark tank full episode, shark tank biggest deal, shark tank worst ideas, shark tank worst pitch, shark tank season 7, shark tank fight, shark tank scrub daddy, shark tank season 8 episode 12, shark tank best ideas, shark tank 2020, shark tank 20/20

Id: AM7um3lN8DI

Length: 14min 16sec (856 seconds)

Published: Tue Feb 28 2017