Top 5 WORST Shark Tank Deals They Regret Taking!

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5 Biggest Shark Tank Deals The Sharks Regret not taking

Hey everyone and welcome to Splash. Today, we'll be talking about 5 Biggest Shark Tank Deals The Sharks Regret not taking.

Number 5: Chef Big Shake

Inspired by his daughter's interest in vegetarianism and recognizing a market opportunity, Shawn Davis pitched his specialty seafood burger business to the sharks in 2011, asking for $200,000 for a 25% equity stake of the company.

The sharks thought the venture was too risky and passed on the opportunity. But after the episode aired, angel investors seized the opportunity by offering Davis $500,000. Annual sales for Davis' company, CBS Foods, grew from $30,000 to $5 million in just one year. In 2017, Cuban admitted that he regretted not.

Number 4: Copa Di Vino

Martin first appeared on the show in 2011 to pitch his company, which produces individually packaged wine-by-the-glass. He was asking for $600,000 and offering a 20% stake in his business. Four out of the five Sharks passed, but Kevin O’Leary was intrigued by the patents for the wine packaging and offered $600,000 for a 51% stake in the company. Martin turned him down. “Money given to you in that context doesn’t come without strings attached. You want the right kind of capital,” he told Kiplinger.

Even though there was no deal, the business began to boom after the episode aired. Copa Di Vino’s annual sales hit $5 million that year. The company grew so fast that Martin returned to the show in 2012 after producers reached out to him. He was hoping to secure $300,000 in capital to help elevate the business even further. “The national exposure you get from the show is unmatched,” he says. This time around, however, the Sharks were turned off by what they perceived as Martin being arrogant due to his newfound success.

Number 3: Coffee Meets Bagel

Branding itself as the online dating site that women prefer, Coffee Meets Bagel aims to find one quality match for users every day using friend connections on Facebook. If both parties like the proposed match, the app offers them a discount to use on their dates, such as getting a cup of coffee or a bagel. The app was first released in April 2012 in New York City and then launched in Boston and San Francisco later the same year.

When sisters Arum, Dawoon, and Soo Kang appeared on "Shark Tank" in 2015, they were offering the sharks a 5% equity stake for $500,000. Impressed with the presentation and the product, Mark Cuban made the largest offer in the show’s history—$30 million to buy the entire company. Not wanting to walk away from the company, the sisters quickly decided to leave the show with no deal.

Number 2: Xero Shoes

After constantly getting injured while running, cofounder Steven Sashen switched to barefoot running and loved the effects, so he created a thin running sandal. He and his wife Lena Phoenix ultimately turned down the $400,000 for a 50% equity offer from Kevin O'Leary for Xero Shoes.

Number 1: Kodiak Cales

Kodiak Cakes was already on Target shelves by the time Clark and his business partner Cameron Smith appeared on Shark Tank in 2014. They applied for the show in hopes of securing a $500,000 investment (in exchange for a 10% stake in the company), a significant portion of which would be used to pay for product placement at other big-name retailers. The Sharks were skeptical, but three of them still made offers asking for a significantly larger stake in the company than Clark was willing to give up, so he declined.

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