There have been several businesses that appeared on Shark Tank that ultimately failed. Here are some examples:
1. Breathometer: Breathometer was a device that claimed to measure a person’s blood alcohol level using their smartphone. Despite a successful pitch on Shark Tank and a deal with several of the sharks, the company faced legal troubles and ultimately failed to deliver on its promises.
2. Toygaroo: Toygaroo was a subscription-based service that allowed parents to rent toys for their children. Despite securing a deal on Shark Tank, the company struggled to scale its operations and eventually filed for bankruptcy.
3. HillBilly: HillBilly was a clothing brand that specialized in outdoor apparel. The company received a lot of buzz after appearing on Shark Tank, but it ultimately failed to gain traction in the market and ceased operations.
4. ShowNo Towels: ShowNo Towels were a line of children’s towels that doubled as wearable costumes. Despite a successful appearance on Shark Tank, the company struggled to generate consistent sales and eventually closed its doors.
5. Coffee Meets Bagel: Coffee Meets Bagel was a dating app that aimed to provide users with curated matches each day. While the app gained popularity initially, it faced tough competition from other dating apps and failed to sustain its growth.
6. Chef Big Shake: Chef Big Shake was a gourmet seafood company that offered pre-packaged meals. Despite a deal on Shark Tank, the company faced challenges with distribution and failed to gain widespread consumer adoption.
7. Sweet Ballz: Sweet Ballz was a cake pop company that offered a variety of flavors. Despite a successful appearance on Shark Tank, the company struggled to scale its operations and eventually went out of business.
8. The Bouqs Company: The Bouqs Company was an online flower delivery service that aimed to disrupt the traditional floral industry. Despite a deal on Shark Tank, the company faced challenges with logistics and failed to achieve profitability.
These are just a few examples of Shark Tank businesses that failed. It’s important to note that not all businesses that appear on the show are guaranteed success, and many factors can contribute to a company’s failure, including market conditions, execution challenges, and competition.