Mark Cuban simply swam his ultimate lap in Shark Tank. The billionaire’s final episode aired Friday, capping a 15-season run on the present, to spend extra time with household. Whereas not each one in every of Cuban’s 200-plus offers made on the present paid off, a handful turned enormous successes. Listed below are 5 that made him severe cash.
Dude Wipes
Cuban took a 25% stake in Dude Wipes in 2015 throughout Season 7 of Shark Tank for $300,000. The flushable wipes model has since racked up over $200 million in annual income, in line with WSJ. Cuban has even publicly acknowledged in 2021 in an interview with CNBC that the corporate is amongst his favourite investments, including that the startup is “killing it” and “taking up the bathroom paper class.”
Tower Paddle Boards
Tower Paddle Boards landed a $150,000 deal from Cuban for 30% fairness in 2011 in what was simply the third season of Shark Tank on the time. The corporate’s development has since paid Cuban over $1 million in dividends. The corporate’s flagship product is inflatable paddle boards, however now additionally sells arduous paddle boards, inflatable docks and way of life merchandise meant for the seashore.
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Nuts ‘N Extra
Nuts ‘N Extra snagged a $250,000 funding from Cuban for 35% of the corporate again in 2013. Cuban beloved that it happy his candy tooth with out guilt: “I am all the time on the lookout for meals that remedy my candy tooth and are wholesome. This firm match that invoice completely,” he advised the Dallas Enterprise Journal. The peanut butter enterprise went on to common about $6 million in annual gross sales, in line with Meals Republic.
Easy Sugars
Skincare startup Easy Sugars caught Cuban’s eye in 2013 and landed $100,000 for one-third fairness. Cuban checked in on the model in a 2018 “Past the Tank” episode, the place Lazzari mentioned her new objective was to grow to be a $30 million enterprise. Cuban referred to as Lani Lazzari a “mini-me” hustler, and by 2023, the corporate was topping $5 million in yearly income, in line with Shark Tank Recap, which is an internet site that intently tracks firms that get featured on the present.
Prep Professional
When Prep Professional (previously 2400 Professional) pitched its SAT/ACT take a look at prep enterprise in 2016, Cuban jumped in with a suggestion of $250,000 for 20%. The corporate’s gross sales jumped from round $1 million to roughly $5 million yearly. Cuban advised Inc.com in 2016 that he has “but to fail” when partnering with decided entrepreneurs like founder Shaan Patel.
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