Today, the business continues to thrive, engaging in successful partnerships with companies such as Neiman Marcus. Alwan eventually returned to pitch his business in season six and scored a deal with Cuban. In the week after his appearance, the company made seven figures, and his sales went from $190,000 to $1.4 million. He first appeared in season four of “Shark Tank,” where he didn’t receive an offer, but he did take the sharks’ advice on strategy. Echo Valley Meatsĭave Alwan and his specialty meats company, Echo Valley Meats, doesn’t exactly fit in with these other stories because although he didn’t turn down a “Shark Tank” deal, he was turned down by the sharks - but he still managed to find success without them. Once again, the sharks offered to buy the container without the wine, and once again, Martin refused all of their offers.Īs of 2017, Copa Di Vino had sold 38 million cups of wine, and it currently sells the product in convenience stores as well as hotel chains, supermarkets and sports arenas. Martin was invited to appear on the show again the following season after producers took notice of his booming sales - the company went from $600,000 to $5 million in sales in just a year, ABC reported. Martin turned down all the sharks’ offers, as he was not interested in selling the container without his own wine as part of the deal. Kevin O’Leary was interested in purchasing the patented container, but not the wine itself. He first appeared on season two of the show, when he asked the sharks for a $600,000 investment in exchange for 30% of the business.
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James Martin pitched his product, Copa Di Vino - wine served in a patented single-serve plastic container - not once, but twice.
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Since its founding, Coffee Meets Bagel has made more than 50 million matches and thousands of lasting relationships around the world, according to the Coffee Meets Bagel website. As of 2018, the company was valued at $82 million, according to PitchBook. In February 2016, the sisters raised $7.8 million, and in 2018, the sisters raised $12 million for international expansion and live events. The Kang sisters were not looking to part with the business, and they declined.Ĭoffee Meets Bagel still got its needed funding. Sisters Arum, Dawoon and Soo Kang, who founded dating network Coffee Meets Bagel, appeared on season six of “Shark Tank” and requested $500,000 for a 5% equity stake.Ĭuban offered $30 million to buy the whole company outright - the biggest offer in the show’s history at the time. Chexology closed a $1.2 million seed funding round in 2015, and today, it counts American Express, Nike, Barclays Center, House of Blues, Live Nation and Museum of Modern Art among its clients. More recently, Pacque has incorporated Chexology to add additional services into the CoatChex family, including bag checking and rentals. His CoatChex system has since been used at major events like the Super Bowl, New York Fashion Week and Mercedes-Benz Fashion Week, according to Business Insider. Pacque found success even without the funding. But Cuban also wanted a 33% equity stake in the company, which Pacque ultimately declined.
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Mark Cuban was impressed enough by CoatChex to offer $200,000. CoatChexĬoatChex, the brainchild of Derek Pacque, is a ticketless coat check system that Pacque pitched in season four. Robert Herjavec matched what they were looking for, but the deal fell through after the show “due to differences in vision for Cinnaholic’s future success and profit,” QSR reported.ĭespite the lack of shark funding, the Radkes have continued to expand their offerings and franchise locations, with 136 locations in development as of May 2018. Shannon and Florian Radke presented their vegan, dairy-free, customizable gourmet cinnamon buns to the sharks, seeking $200,000 in exchange for a 20% stake in the company.
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The entrepreneurs’ goal is to get at least one of the “sharks” to fund them, and the sharks’ goal is to find a potentially good investment and own a piece of the business - but not every deal goes through.Ĭheck out the “Shark Tank” ideas and businesses that became wildly successful without backing from one of the sharks. On ABC’s “Shark Tank,” entrepreneurs present their golden ideas to a panel of business-savvy individuals.