The Million Dollar Opportunities That Shark Tank Missed Out On

Anyone can be a great inventor. The television show Shark Tank exists to give people the opportunity to market their inventions to a large audience. While some of the Sharks invest wisely on the series, others miss out on some cool and innovative products. Continue reading to learn about some of the worst deals made on Shark Tank.

The Inventors Of Night Runner Went Another Direction

One of the most memorable episodes of Shark Tank had Night Runner owners Doug and Renata Storer pitching their rechargeable LED running shoes.

night runner owners in shark tank
Sony Pictures Television
Sony Pictures Television

Robert Herjavec agreed to give them $250,000 for a 15 percent stake in the company. The owners decided last minute to not accept his deal and later made over one million dollars in revenue.

The Spikeball Deal Fell Through

Spikeball owner Chris Rude patented his activity game in 2015 and thought it was good enough to bring on Shark Tank.

spikeball owners on shark tank
Sony Pictures Television
Sony Pictures Television

Daymond John originally offered Rude $500,000 for a 20 percent share in Spikeball, but the deal eventually fell through. However, since many people tuned into the episode, Forbes estimated that Spikeball is now worth over $15 million.

They Missed Out On Rocketbook

The founders of Rocketbook, Jake Epstein and Joe LeMay, appeared on a 2017 episode of Shark Tank to pitch their reusable smart notebooks.

rocketbook owners on shark tank
Sony Pictures Television
Sony Pictures Television

They were seeking $400,000 in capital for a 10 percent stake in the company, but all of the Sharks refused. The men went on to sell over 500,000 notebooks and have made over $10 million in sales.

The Bouqs Company Owner Knew The Sharks Made A Mistake

John Tabis, the owner of The Bouqs Comany, appeared in a 2014 episode of Shark Tank to market his unique flower delivery business.

owner of the bouqs company on shark tank
Sony Pictures Television
Sony Pictures Television

None of the Sharks liked the idea, so they didn’t offer him a deal. The Bouqs Comany later gained $23 million from other investors and has managed to earn over $43 million in sales.

Chef Big Shake Is Doing Fine Without The Sharks

Shawn Davis, the owner of Chef Big Shake, appeared on Shark Tank in 2011 to talk about his healthy fast food product.

chef big shake on shark tank
Sony Pictures Television
Sony Pictures Television

He wanted a $200,000 investment for a 25 percent stake in the company, but the Sharks passed because they thought it was too risky. After the show, Davis got his products in over 2,500 stores and restaurants across the United States.

The Smart Baker Is Still Profiting

The Smart Baker owners Stephanie and Daniel Rensing appeared in a 2012 episode of Shark Tank to pitch their baking tool business.

Smart-baker-shark-tank
The Smart Baker/ Slaven Vlasic/Getty Images
The Smart Baker/ Slaven Vlasic/Getty Images

They wanted a $75,000 investment for a 25 percent stake in the company. They accepted a deal with Barbara Corcoran, but it fell through a few days later. The Smart Baker has sold thousands of items and is featured on QVC, Amazon, and at Michael’s craft stores nationwide.

The Sharks Weren’t Excited About Coatchex

Derek Pacque, the creator of Coatchex, invented a way for people to have a coat check with a built-in face matching system.

coatchex owner on shark tank
Sony Pictures Television
Sony Pictures Television

Mark Cuban gave Pacque an offer, but Pacque thought it was too low. After Shark Tank, Pacuqe signed many high-profile contracts and now Coatchex is worth many millions.

Xero Shoes Turned To Crowdfunding

Co-founders Steven Sashen and Lena Phoenix presented Xero Shoes to the Sharks. They thought a thin running sandal would be a good alternative for running shoes.

owners of xero shoes on shark tank
Sony Pictures Television
Sony Pictures Television

Sashen and Phoenix got an offer from Kevin O’Leary for $400,000 for a 50 percent equity. They turned it down and went on to raise over a million dollars from crowdfunding.

Kodiak Cakes Made The Right Decision

The owners of Kodiak Cakes were on the verge of bankruptcy before appearing on Shark Tank, but they knew their pancake mix was something special.

kodiak cakes owners on shark tank
Sony Pictures Television
Sony Pictures Television

They were offered $500,000 for a 35 percent stake in the company, but they turned it down. Now, Kodiak Cakes is sold in popular stores and is worth over $54 million.

CoffeeMeetsBagel Received The Biggest Offer On Shark Tank

Three sisters appeared on Shark Tank to pitch their women-focused dating app called CoffeeMeetsBagel. They were asking for $500,000 for a 5 percent equity in their company.

coffee meets bagel owners on shark tank
Sony Pictures Television
Sony Pictures Television

Most of the Sharks didn’t want to give them an offer, but Mark Cuban said he would give them $30 million for the entire company. The sisters refused and CoffeeMeetsBagel is now one of the top 10 dating apps.

Proof Eyewear Weren’t Given The Deal They Wanted

Proof Eyewear marketed itself as an eco-friendly eyewear company on Shark Tank. This impressed many of the Sharks.

proof eyewear owners on shark tank
Sony Pictures Television
Sony Pictures Television

Kevin O’Leary and Robert Herjavec made offers but were rejected. Proof Eyewear ended up opening its own headquarters and distributing its product to hundreds of stores around the world. They made over $2.5 million over the next year alone.

BedJet Was Worth The Investment

Instead of applying to be on Shark Tank, BedJet CEO and founder Mark Aramli was discovered by producers. He was offering a personal bed heating and cooling system.

bedjet owner showing his product on shark tank
Sony Pictures Television
Sony Pictures Television

Aramli wanted $250,000 in capital, but the Sharks refused because they thought no one would buy the product for $499. Aramli was able to raise the money on his own and hit over one million dollars during his first year.

Hy-Conn LLC Is Thriving Now

Jeff Stroope started a fire hose hardware manufacturing company called Hy-Conn LLC. He brought the product to Shark Tank and Mark Cuban was very interested.

hy-conn llc owners on shark tank
Sony Pictures Television
Sony Pictures Television

Cuban offered Stroope $1.2 million and a three-year employment deal for $300,000 for the entire company. Stroope initially accepted, but the deal fell through. After Shark Tank, Hy-Conn LLC gained over five million dollars in sales.

The Lip Bar Thinks Shark Tank Rejection Was For The Better

The Lip Bar owner Melissa Butler wanted to create an affordable, vegan, and cruelty-free makeup brand and brought what she had to Shark Tank.

the lip bar owners on shark tank
Sony Pictures Television
Sony Pictures Television

All of the Sharks ended up passing on The Lip Bar, but it wasn’t over for the company. Celebrities have worn their makeup on the red carpet and the products are featured in Target stores nationwide.

Shark Tank Viewers Made MealEnders A Success

The owner of MealEnders came up with a two-layered candy lozenge that was designed to prevent people from overeating.

owner of mealenders on shark tank
Sony Pictures Television
Sony Pictures Television

When it was brought to Shark Tank, the Sharks disliked the taste and thought the marketing strategy was too expensive, so they passed. After viewers saw the product, the company’s sales grew from $1.2 million to $5 million dollars.

Echo Valley Meats Didn’t Give Up

David Alwan, the creator of Echo Valley Meats, was ready to show his meat company to the Sharks.

echo valley meats owner on shark tank
Sony Pictures Television
Sony Pictures Television

They all really enjoyed his meat, but thought he lacked a clear business plan. Alwan took that into consideration and was able to turn $190,000 in sales into $1.4 million within a year.

Sweet Ballz Had A Falling Out With Mark Cuban

James McDonald and Cole Egger created a cake ball company called Sweet Ballz and brought their business to Shark Tank.

shark-tank-sweet-b
Sony Pictures Television
Sony Pictures Television

The men wanted $250,000 for a quarter of the company and Mark Cuban agreed. However, they had a bad falling out and the deal fell through. Now, Cake Ballz is thriving and continues to ship their products across the United States.

The Sharks Kept Trying To Negotiate With Grinds

Grinds is a chewable coffee company founded by Pat Pezet and Matt Canepa. They believed in their product, so they brought it to the Sharks.

grinds owners on shark tank
Sony Pictures Television
Sony Pictures Television

They initially had an agreement with Daymond John and Robert Herjavec, but it fell through after the show. The following year Grinds brought in $1.35 million and are now anticipating over four million dollars.

Copa Di Vino Did Just Fine Without The Sharks

James Martin appeared on Shark Tank twice to market his company called Copa Di Vino for the Sharks.

copa di vino owner on shark tank
Sony Pictures Televison
Sony Pictures Televison

Kevin O’Leary gave him a $600,000 offer for 51 percent stake in the company, but he turned it down. When Martin returned to Shark Tank, none of the Sharks made him an offer. Now, Martin has sold over 48 million units of his product with over $250 million in revenue.

The Sharks Could’ve Had Ring

Before the name was changed to Ring, DoorBot was a smart home security system unlike any other product on the market.

shark-tank-ring
Eric McCandless/ABC/Kyle Grillot/Bloomberg via Getty Images
Eric McCandless/ABC/Kyle Grillot/Bloomberg via Getty Images

Kevin O’Leary offered DoorBot a $700,000 loan in exchange for 10 percent of all sales until the loan was paid off, seven percent royalties on future sales, and five percent of the company’s equity. Jamie Siminoff declined his offer and now Ring is worth over one billion dollars.