Shark Tank USA hit the small screens in 2009 and has been running successfully since then. The business reality TV series is currently in its sixteenth season which will also mark the last appearance of Mark Cuban, the OG from the show. The sharks' panel keeps on evolving every episode to bring new flavor and expertise.
The sharks possess an exceptional eye for detail, enabling them to evaluate pitches thoroughly and discern which opportunities hold the greatest potential for profitability. Their ability to sift through numerous proposals allows them to select the most promising deals that can benefit both their investments and the entrepreneurs seeking funding.
This competitive drive to secure advantageous agreements often results in intense negotiations and clashes among the sharks as they strive to outmaneuver one another. Despite the competition, there have been notable instances when all the sharks have put aside their differences to collaborate and present a unified offer to the pitchers.
In these cases, they recognize the potential value of a particular venture and choose to join forces, combining their resources and expertise to create a compelling proposition. Three such deals where all the sharks invested their money and expertise and came together to make the business reach heights were Breathometer from Season 5, Buggy Beds from Season 4, and XCraft from Season 7.
Here are the top 3 deals of Shark Tank that got all 5 judges on board
Shark Tank Season 16 is currently airing on ABC which also welcomed a new main shark, Daniel Lubertzky this season. The evolving nature of the sharks's panel enables diversity in the deals offered by them, assuring a variety of viewpoints when it comes to business.
However, it is a great deal, when all the 5 sharks on the panel agree to present an offer to a founder as it increases the chances of their success. Let us have a look at such 3 deals where all the sharks joined hands to craft the most profitable deal.
Breathometer
Breathometer was presented by Charles Michael Yim in Season 5 of Shark Tank. It is an app that comes with a "blower" that allows the user to check their alcohol content to take required precautions before driving. It solved a major problem of accidents caused by drunk driving.
All five sharks, Mark Cuban, Kevin O'Leary, Daymond John, Lori Greiner, and Robert Herjavec invested in this app and extended an offer of $ 1 million for 30% of stakes. Yim was delighted to receive an all-shark offer and said:
"Working with all five sharks has been amazing. Each brings value to the table in a very different, unique way."
Buggy Bed
Buggy Bed, a self-funded Bed Bug detection product, appeared during Season 4 of Shark Tank, and the founders Maria Curcio and Veronica Periongo asked for $1,25,000 for 7% of equity. The duo targeted the epidemic problem of households which was bed bugs and presented a solution that was non-toxic and viable.
All 5 sharks like the product because of their profitability and confidence; the founders also declined a $5,00,000 offer for a trademark. Kevin O'Leary gathered everyone to come together for an all-shark deal. The deal witnessed heavy negotiation but ended with all five sharks coming on board, offering $250,000 for 25% of stakes.
XCraft
Founded by JD Claridge and Charles Manning, a drone company, featured in season 7 of Shark Tank and got an all-shark deal from Mark Cuban, Daymond John, Kevin O'Leary, Lori Greiner, and Robert Herjavec. This innovative company offered an unmanned part drone and part airplane device. It is both recreational and commercial drones and presents great viability in fields like security, entertainment, public safety, mining, and so on.
Each shark offered the founders $300,000 for 5% of equity and brought their expertise to the table to make it one of the most profitable companies featured in the series.
Shark Tank is currently airing Season 16 on ABC.
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