20 Most Successful Shark Tank Products Ever In 2023

In This Article:

In this article, we will be looking at the 20 most successful Shark Tank products ever in 2023. If you are not interested in reading the details, you can skip to the 5 Most Successful Shark Tank Products Ever in 2023.

Shark Tank on ABC, which debuted in 2009 and is currently in its 14th season, has developed into a business equivalent of American Idol. Tens of thousands of small company owners compete year for the chance to present their goods in front of a nationwide audience of millions and close a deal with one of the show's prominent investors. 

Each season, around two-thirds of the nearly 100 entrepreneurs that make it on the show leave with a handshake agreement and detailed expansion plans from their investors. However, a review of 112 businesses that were given deals on the show's seasons 8 through 13 finds that almost half of those deals were never finalized, and another 15% have altered conditions once the cameras are switched off.  

Shark Tank Products To The Rescue 

Millions of Americans lack jobs because of the coronavirus-caused economic downturn, and business owners are battling to stay open and need clarification about their future course. Due to this, the money-smart investors on ABC's Shark Tank offered some financial guidance, including how to save, manage rent, and continue to be productive at home. In April 2020, the U.S. economy lost a record 20.5 million jobs, leaving many people needing clarification about how to cover bills like rent. In actuality, during the first week of April 2020, approximately one-third of American renters of apartments failed to make their payments. 

Some people campaigned for rent strikes and demanded that the federal government impose rent freezes and provide aid. According to CNBC, a temporary ban on evictions has been implemented in many jurisdictions to safeguard renters amid the pandemic. The numbers behind Shark Tank are genuinely staggering. With over $221 million pledged by the Sharks on screen, it's no surprise that so many entrepreneurs vie for the chance to appear on the show. Of the 1218 products pitched, 729 managed to secure a deal, with an impressive success rate of 59.85%. The average investment per deal is just over $300,000, with average equity taken at 24.99%. 

However, these figures have changed significantly over the show's 14 seasons. One of the original Sharks, Mark Cuban, has invested the most significant amount, a whopping $61.5 million, and has struck the most deals on screen (218). On the other hand, Kevin O'Leary has appeared in most episodes (291) and seen the most pitches (1161). Interestingly, Mark Cuban also entered into the most partnerships in total (104), with Lori Greiner being his most frequent partner (42 times).  


Waiting for permission
Allow microphone access to enable voice search

Try again.