The 16 Dumbest Products Ever Pitched on ‘Shark Tank'
If you swim with the Sharks, you're gonna get bit.
Published 10 months ago in Facepalm
Though wannabe entrepreneurs may drop by Shark Tank with big dreams of launching their own business — and becoming besties with Mark Cuban along the way — several of these inventors get a whole lot more than they bargained for. Namely, getting ripped a new one on national television.
From the most unethical mirrors to have ever been made to some guy's scheme to turn seawater into gold, here are 16 of the dumbest business moves ever seen on Shark Tank.
1
Cool Wazoo
“Cool Wazoo. It was a cloth or something that you put on a swing at the park if it's hot out, to keep it from burning your child's b—. The entrepreneur was a very nice woman, but trouble seemed to follow her around. She was always out of inventory or she got a shipment from her manufacturer which was all damaged, stuff like that. She was hapless and helpless, there's no way you could believe that she was going to turn it around and four sharks went out quickly. Lori thought there was enough there and made a deal and it's still in business.”
3
The Platetopper
“I love how she gave him 10 times the money for only 6 times the equity yet somehow he didn't jump on the offer right away. Makes no sense at all. Then Daymond added another 100K and dropped the equity by 5 points. Absolutely ridiculous how this guy played it and ended up with a lower evaluation than he opened with.”
10
Roldoc
"While rewatching Shark Tank, I came across this pitch of RoloDoc in Season 5. They had this idea to introduce a social media for doctors and connect them to patients on the app itself for e-medical consultations. They were ridiculed and their idea was disparaged. But now, as we know telemedicine is a billion dollar industry. They were literally the pioneers of it The idea seemed way ahead of its time back then but it just shows how much things can change."
13
Vestpakz
“Vestpakz, the way the sharks uncovered the whole story and burst out laughing upon realizing it took them 16 years to bring this product to market. The kicker was Kevin’s line “in the case of this product, whether we get together now or another decade who cares? It’s just another blip in the long duration of how long this has been around.”