After eight seasons, Shark Tank has produced a plethora of super-successful products including the Scrub Daddy, Groovebook, and more. But, not surprisingly, no one talks about the show's biggest fails!
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In 2016, Forbes interestingly conducted 237 in depth interviews with entrepreneurs who have appeared on the series — and found some startling statistics about companies who didn't have a happy Shark Tank ending.
The Shark Tank sharks. (Photo Credit: Getty Images)
According to the outlet, a whopping 43 percent of participants who made a deal with one of the sharks — Robert Herjavec, Mark Cuban, Lori Greiner, Daymond John, Barbara Corcoran, and Kevin O'Leary — had their investments fall through after the show.
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Additionally, 30 percent of entrepreneurs who got an investment said the details of their deals changed off-camera. Weird, right?!
Forbes additionally looked at which sharks changed their deals most after an episode. For example, Mark — who closes more deals than any other investor! — changed his on-air deals only 25 percent of the time.
Nikki Pope pitching ToyGaroo on Shark Tank. (Photo Credit: R/R)
From Season 1 through Season 7, Daymond had 59 percent of his deals come to fruition, Kevin had 57 percent, Barbara had 50 percent, Lori had 48 percent, and Robert had 45 percent.
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So, remember companies like Sweet Ballz? Or ToyGaroo? They're sadly just two companies that didn't make it after appearing on Shark Tank.
Check out the gallery to see more of the biggest Shark Tank fails!
After Sweet Ballz founders James McDonald and Cole Egger inked a $200,000 deal with Mark Cuban, the two owners actually got into a messy lawsuit when James sued Cole for breach of contract.
Later, the company's official website, SweetBallz.net, began redirecting to CakeBallz.com, a site that Cole controlled. James subsequently filed a restraining order against his former business partner.