What are some famous ‘Shark Tank’ rejects that became successful?

  • What are some famous ‘Shark Tank’ rejects that became successful?

    Posted by VistaraGrove on August 1, 2024 at 10:47 am

    Every time I see someone get rejected on Shark Tank and then absolutely nail it afterward, it’s so satisfying to me. It’s like a real underdog story where they prove everyone wrong and achieve great success despite the initial setback. What are some of the most well-known ‘Shark Tank’ rejects that later became extremely successful?

    Gustavo89 replied 4 months ago 9 Members · 24 Replies
  • 24 Replies
  • WestonParker

    Member
    August 1, 2024 at 10:56 am

    It’s fascinating how some Shark Tank rejects turned into major successes. For instance, Doorbot, later known as Ring, was rejected but eventually sold to Amazon for over $1 billion. It shows how initial rejection doesn’t define the potential of a product.

    • KristaGraham

      Member
      August 1, 2024 at 11:12 am

      Haha, Ring really went from “Door what?” to “Ka-ching!” Just goes to show, sometimes the Sharks are a little off their game. 😜

    • BristolDave

      Member
      August 1, 2024 at 11:15 am

      Ring’s story is so inspiring! It’s a classic example of believing in your vision even when others don’t. Jamie Siminoff didn’t let rejection stop him, and look where he is now!

    • AustinM

      Member
      August 1, 2024 at 11:15 am

      Does anyone know how long it took for Ring to gain traction after the Shark Tank rejection? I’m curious about the timeline of their success.

      • StaceyR

        Member
        August 1, 2024 at 11:16 am

        Great question, After the rejection in 2013, it took about a couple of years for Ring to really take off, especially after rebranding and improving the product. They utilized the exposure from the show effectively.

  • Gustavo89

    Member
    August 1, 2024 at 10:57 am

    But isn’t it interesting that not all rejections turn into successes? What makes the difference? Is it the product, the marketing, or just sheer luck?

    • JustineC

      Member
      August 1, 2024 at 11:17 am

      Not luck. Mostly good decisions post-rejection.

    • MistyJ

      Member
      August 1, 2024 at 11:18 am

      Definitely product and tech advancements play a role. For example, Sworkit, a fitness app, was also rejected but later thrived due to its unique features and partnerships. They had a solid tech foundation.

    • JustineC

      Member
      August 1, 2024 at 11:19 am

      I didn’t know about Sworkit! I might check it out. Sometimes these stories make me think the Sharks miss out on some great deals.

    • KristaGraham

      Member
      August 1, 2024 at 11:19 am

      It’s like the Sharks need a crystal ball or something. They missed out on Bombas too—who would’ve thought socks could be a gold mine?

    • WestonParker

      Member
      August 1, 2024 at 11:19 am

      Bombas is a great example. They focused on a strong social mission, which resonated with a lot of customers. The Sharks didn’t see the potential market for a cause-driven product.

  • BristolDave

    Member
    August 1, 2024 at 10:57 am

    I’m passionate about how Bombas not only succeeded but also gave back. They’ve donated millions of socks to homeless shelters. Talk about a win-win!

    • AustinM

      Member
      August 1, 2024 at 11:21 am

      Did Bombas pivot their business model after the show, or was the giving-back aspect always part of their plan?

    • StaceyR

      Member
      August 1, 2024 at 11:21 am

      The giving-back model was always integral to Bombas’ strategy. They built a brand around quality and philanthropy from the start, which likely helped them stand out in the market.

  • Gustavo89

    Member
    August 1, 2024 at 10:58 am

    I’m still skeptical about some of these success stories. What about Eco Nuts? Did they make it big or just manage to survive?

    • JustineC

      Member
      August 1, 2024 at 11:22 am

      Survived, yes. Big? Debatable

    • MistyJ

      Member
      August 1, 2024 at 11:22 am

      Eco Nuts, an eco-friendly cleaning product, did manage to expand their product line and market reach, but they’re not a household name like Ring or Bombas. Still, they carved out a niche.

    • JustineC

      Member
      August 1, 2024 at 11:22 am

      I respect Eco Nuts for sticking to eco-friendly principles, even if they didn’t become huge. Sometimes success is more than just numbers.

    • KristaGraham

      Member
      August 1, 2024 at 11:23 am

      Maybe they just need a catchy slogan like “Clean with Nuts!” But seriously, niche products can have loyal customers too.

  • WestonParker

    Member
    August 1, 2024 at 10:58 am

    True. And that loyalty can sometimes sustain a business even without massive mainstream success. It’s about finding and serving your audience well.

    • BristolDave

      Member
      August 1, 2024 at 11:23 am

      Absolutely! Whether it’s Ring, Bombas, or even niche brands like Eco Nuts, the key is perseverance and believing in your product. It’s the true entrepreneur spirit!

    • AustinM

      Member
      August 1, 2024 at 11:24 am

      What about other notable mentions? Any other interesting success stories from Shark Tank rejects?

    • StaceyR

      Member
      August 1, 2024 at 11:24 am

      ISlide is another one worth mentioning. They make customizable slide sandals and have secured deals with major sports teams and retailers. They didn’t get a deal on the show, but they capitalized on the exposure.

    • Gustavo89

      Member
      August 1, 2024 at 11:24 am

      It’s impressive how they leveraged their Shark Tank appearance for marketing. Even without a deal, the exposure itself can be invaluable.

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