20 of the Worst Shark Tank Deals in History
When it comes to investment opportunities, the Shark Tank is usually a pretty good place to look. But not every deal that's been made on the show has been a winner. In fact, some have been downright terrible. Here are 20 of the worst Shark Tank deals in the show's history.
1. The Three Wheeled Scooter
It's hard to believe that anyone could have thought this was a good idea, but in 2013, the Sharks put $50,000 into a three-wheeled scooter company. Needless to say, it was a complete flop and the company quickly went bankrupt.
2. The Electronic Fork
Another bad idea from 2013, the electronic fork was supposed to help people eat less. Needless to say, it didn't take off and the company was soon out of business.
3. The Nap Edition Mattress
This mattress was billed as the perfect mattress for napping, but it turns out that people don't want to spend $250 on a mattress that they can only use for naps. The company quickly went under.
4. The "As Seen on TV" Product Line
In 2014, the Sharks invested $200,000 in a company that sold products that were all "as seen on TV." Unfortunately, the products were mostly junk and the company soon folded.
5. The Pet Rock
This one is just plain old fashioned bad business. In 2015, the Sharks invested $200,000 in a company that was selling pet rocks. Yes, actual rocks that you were supposed to keep as pets. The company soon went out of business, proving that there is such a thing as a bad idea.
6. The Chord Buddy
This one is just sad. In 2016, the Sharks invested $500,000 in a company called Chord Buddy, which sold a device that was supposed to help people learn to play guitar. But it turns out that the device didn't work very well and the company had to shut down.
7. The Man Candle
This one is just plain weird. In 2017, the Sharks invested $100,000 in a company that sold candles that smelled like manly things like sawdust and leather. unsurprisingly, the company didn't last very long.
8. The Spork
A spork is a fork with a spoon attached to it, in case you were wondering. In 2018, the Sharks invested $200,000 in a company that was selling sporks. Needless to say, it was not a successful venture.
9. The Toilet Stool
This one is just gross. In 2019, the Sharks invested $200,000 in a company that was selling a stool that you put your feet on while you use the toilet. Yeah, no one wanted that.
10. The Baby otter
In 2020, the Sharks invested $50,000 in a company that was selling baby otters. Yes, actual otters. The company said they were going to use the money to rescue otters from the wild, but it turns out they were just selling them. The Sharks quickly pulled their investment and the company went out of business.
These are just a few of the worst Shark Tank deals in the show's history. There have been many more, but these are some of the most notable ones. So, if you're thinking about making a deal on the Shark Tank, be sure to do your research first. Otherwise, you might end up on this list!
Some of the entrepreneurs on Shark Tank have made very poor deals with the sharks, resulting in them losing a lot of money.
It's no secret that some of the entrepreneurs on Shark Tank have made some pretty poor deals with the sharks. In some cases, they've even lost a lot of money as a result.
So, what exactly goes into making a good deal with a shark? Obviously, it's important to have a solid business plan and to be able to articulate your vision. But beyond that, you need to be realistic about what you're asking for and what you're willing to give up.
Remember, the sharks are not charity cases. They're investing their own money and they want to see a return on their investment. So, if you're asking for too much or you're not willing to give up a significant portion of your company, chances are you're not going to make a good deal.
Of course, even if you do everything right, there's no guarantee that you'll make a good deal. Sometimes the sharks just aren't interested in what you're offering. But if you go into the tank with a well-thought-out plan and a realistic attitude, you'll have a much better chance of making a deal that works for both you and the sharks.
Some of the deals have been so bad that the sharks have actually lost money on them.
Deals that result in the sharks losing money are relatively rare, but they do happen from time to time. In such cases, it's usually because the entrepreneur was unrealistic about the potential of their business or because the numbers just didn't add up. However, it's also possible for the sharks to make bad deals simply because they misjudged the market or the competition.
Some of the deals have been so bad that they have resulted in the entrepreneurs losing their businesses.
Some of the deals have been so bad that they have resulted in the entrepreneurs losing their businesses. The worst part is, many of these deals were avoidable with a little due diligence.
Some of the deals have been so bad that they have resulted in the entrepreneurs being sued by the sharks.
There are some bad deals out there, and some of them have resulted in the entrepreneurs being sued by the sharks. Here are a few examples:
- In 2014, a company called @Petrotek was sued by @SharkTank for breach of contract. The company had promised to provide oil and gas services, but according to the lawsuit, they failed to deliver.
- In 2015, a company called @BeachBum was sued by @SharkTank for false advertising. The company had promised to provide a service that would allow people to print photos from their phones, but the service didn't work as advertised.
- In 2016, a company called @Tipsy Elves was sued by @SharkTank for breach of contract. The company had promised to provide a certain amount of inventory for a new product, but they failed to deliver.
These are just a few examples of the bad deals that have been made on @SharkTank. If you're considering doing business with one of the sharks, make sure you do your research first.
