We all love Shark Tank, because it's where peoples entrepreneurial dreams come alive. We also love it because it's often where they come to die.
Like with BedRyder on Season 6. George Conway was asking for $200k in exchange for 15% equity in his company. What does BedRyder do? They make safety seats to be installed in the backs of pickup trucks. Which these girls obviously look so enthused about.
When Lori Greiner asked if he had done any crash testing with his seats, Conway said, "Honestly, yes! I have done my own. By accident." Which is not really the kind of thing you should say when trying to sell safety seats in a car. Needless to say, all the sharks backed out. Like they did with all of these deals.
Arthur Grayer and Michael Wooley were asking for $50k in exchange for 10% of their company. Vestpakz are a nifty little invention that would eliminate the need for a backpack, because instead of a backpack, you carry all your stuff in a vest. Which is a cool idea in theory, if you want the bullies to all gang up on you at once. Surprisingly, Vestpakz did make their way into WalMart, but unsurprisingly, the sales were low.
Edwin Heaven went on the show in its first season, seeking $50k from the sharks for 25% equity in Throx. Throx is the answer to the missing sock dilemma that you're always finding yourself in. Is one of your socks always going missing? Solve the problem and buy three at once. If you never lose your socks, well, then you just have to do a little less laundry with these three packs of socks.
An invention involving real estate sounds like a blast right from the start, doesn't it? Aaron McDaniel pitched a crowdfunding service for real estate as a way that allows regular ol' people like us to invest in real estate. Every single one of the sharks thought it was sketchy and McDaniel couldn't be trusted to take money from a bunch of people and invest it in real estate. Kevin O'Leary asked McDaniel if he had a criminal record.
Jason Woods came on the show wanting $250k for 20% of his electric body board company. How could something that's sounds so cool as an electric body board possibly flop? Woods had no patent on the idea, and no customers, even though he did have a prototype for a body board that zooms you around on the water. Maybe he was too ahead of his time.
Adriana Montano went on the show in Season 6 to ask the sharks for $100k in return for 15% of her company, Gato Cafe. If you couldn't understand that, that's cat cafe. You know, the place where you go to play with rescue cats and get a decent cup of coffee. The thing is, cat cafes already existed a long time before she came on to pitch the concept. Maybe she should have done a quick Google search.
Yes, this is what it sounds like. Ryan Custer went on the show in Season 3 to ask for $150k in exchange for 30% of his company. And his company makes energy drink shot bottles, sort of like your regular 5 Hour Energy. Except these ones are specifically directed toward middle-aged women, who coincidentally, Custer liked to date. Call us crazy, but we'll stick to coffee.
Hollywood can eat you alive. That's what it has in common with sharks, and James LaVitola and Brian Pitt had no luck with either when they pitched their motorcycle thriller movie in Season 4. They had no script and no actors, just the idea. And the guts to ask for $5 million for a 34% stake in the profits from their movie idea. "It is a horrifically bad idea," O'Leary said. "I forbid you to proceed."
The inventors of Rolodoc received a special honor when they went on Shark Tank in Season 5. Mark Cuban got out of his seat to shake their hands and tell them that they had officially made the worst pitch in Shark Tank history. Why? They were presenting a social network for doctors and their patients, and Cuban felt that their pitch wasn't a real service, just a mishmash of buzzwords.
$96 billion dollars is no laughing matter. Except it is, when Mark Sullivan presents his Sullivan Generator, asking for $1 million in exchange for 10% equity in his invention. He promised that the machine would make $96 billion in profit by pulling in ocean water, in turn creating contained hurricanes that generate electricity. Gold was also a byproduct of this man-made hurricane. Oddly enough, the sharks turned him down because it seemed too far-fetched.
Yes, technology-enabled clothing does indeed sound cool. The vest allows you to port around all your gadgets, inside your clothing. They call it intelligent clothing, and it's the perfect balance between function and fashion, with pockets specifically designed to carry your your phone, headphones, and more - there's as many as 42 pockets. But when the sharks made an offer, Scott Jordan started yelling at them because he thought was being low-balled. What a great way to make a deal.
What's so wrong with an alarm clock that cooks bacon, set to the time that you wake up? Probably that it's a potential fire hazard. And that your room would permanently smell like bacon. And that the alarm clock doesn't come with bacon. Matty Sallin didn't get a deal, but we like how many times we got to type bacon in this slide, so we do thank him for his idea.
Attached Notes is an idea pitched by Mary Ellen Simonsen, who asked for $100k for a 20% stake. Attached Notes is a retractable board that you attach to your computer monitor or your laptop, where you can place your Post-it notes. Unfortunately, most computers come with a post it note function, so we can see why this invention is more or less pointless.
James Martin is one of the few people on this list that actually was offered a deal for his easily portable glasses of wine. However, when he was offered $600k for 51% equity in the company, he spent so long debating it that the sharks got frustrated. They thought he was merely using the show as an advertising platform, and turned him down. In his defense, you may have actually seen this product in stores.
Here it is. The most ridiculous invention that has ever graced the screen on Shark Tank. Darrin Johnson wanted $1 million for 15% equity in a company that surgically implants a device into your neck. It transmits sound to the eardrum, because wearing a Bluetooth is too confusing. Johnson pitched the entire idea unjokingly, because the robots have already taken over his brain.