There are some pretty dumb reality shows out there, but there is one that has been great at showing how business deals work and how entrepreneurs can improve peoples’ lives.
We’re, of course, talking about Shark Tank, which has given exposure and opportunities to a lot of start-ups. Some have faded into obscurity after not getting funding, but others have been successful around the country and even the world. So which products earned people millions? Here are 10 products that are true Shark Tank success stories.
1. Scrub Daddy
The reusable smiling sponge gets firm in cold water and softens in warm water. The design also helps clean both sides of utensils at once and resists odors. The company’s founder, Aaron Krause, went on the show in its fourth season and Lori Greiner invested in the product with $200,000 for 20% equity.
According to Business Insider, the company has now raked in over $50 million in sales and moved 10 million units, making it the biggest success to come from the reality show. Scrub Daddy is now in QVC, Bed Bath & Beyond, Walmart, Target, and Staples in the U.S.
“The Scrub Daddy to me was a perfect product,” Greiner told Business Insider. “It was clever and unique. It was different. It was something that people need and want.”