Mark Cuban, billionaire entrepreneur and star of “Shark Tank” has made investments in dozens of companies in his 14 years on the show. Some of them have been great successes, others — well, not so much.
Here are five investments Mark Cuban made on “Shark Tank” and how they are doing today. Who knows? You might have a great idea yourself one day that brings you face to face with the famed investor.
Prep Expert
Prep Expert provides students with the tools they need to improve their scores on the SAT and ACT college admissions tests. The company also offers one-on-one academic tutoring and college admissions consulting.
Prep Expert founder Dr. Shaan Patel made a deal with Mark Cuban for $250,000 in exchange for 25% of the company. The company now boasts that it has helped over 100,000 students win over $100 million in college scholarships.
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Dude Wipes
Dude Products makes Dude Wipes flushable and hypoallergenic toilet wipes for men. In 2015, the dudes who founded the company in their Chicago apartment appeared on “Shark Tank” and secured a $300,000 deal in exchange for 25% equity in the company.
According to The “Shark Tank” Blog, the company had over $340 million in lifetime sales by 2023. Dude Wipes are now sold in Walmart, Kroger, Target and Costco stores, and on Amazon.
Cup Board Pro
In an emotional segment, the children of New York City firefighter Keith Young came on “Shark Tank” to try to get a deal for Keith’s invention, the Cup Board Pro. The Cup Board Pro is a cutting board designed for easier clean up and less mess. In addition to being a firefighter, Keith was also a chef and a dedicated family man. In 2018, Keith died from 9/11-related cancer. His wife had passed away six years earlier. The Youngs’ three children dedicated themselves to making Keith’s dream a reality and went to the sharks for help.
The Young children came into the tank asking for $100,000 for 10% equity and walked out the $100,000 for 20% equity. But this deal was not Cuban’s alone — all five sharks bought into this deal, each putting up $20,000. In addition to the equity position, the sharks agreed that all of their profits will go to charities that support 9/11 first responders.
According to “Shark Tank” Blog, Daymond John brokered a deal with Williams Sonoma to manufacture and sell the Cup Board Pro. As of 2024, the business was valued at $15 million.
Ready, Set, Food
Ready, Set, Food was founded by two doctors and an entrepreneur who were looking for a way to safely introduce potential allergens to babies to prevent them from developing life-threatening allergies.
Ready, Set, Food appeared on “Shark Tank” in 2020, asking for a $350,000 investment for 7% equity in the company. The founders agreed on a deal with Cuban for $350,000 for 10% equity plus 2% advisory shares.
An update on Ready, Set, Food in season 14 reported that the company’s products were available in Walmart, Target, Meijer, and other retailers, as well as pediatricians’ offices. The company’s 2024 revenue was estimated at $3-$5 million.
Breathometer
Even a successful entrepreneur like Mark Cuban doesn’t hit it out of the park in every at-bat. Cuban backed Breathometer, a smartphone-enabled device that was purported to measure blood alcohol content to determine if it was safe for the user to drive.
All five sharks went in on this deal, offering $1,000,000 total for 30% equity in the company. At the time of the pitch, the product was not yet shipping, but the company was taking pre-orders. “Shark Tank” Blog reports that Cuban was the only one who actually put up the money, as the other four sharks withdrew during negotiations.
Breathometer founder Charles Yim had trouble fulfilling orders after the episode aired and demand soared. Then the company ran into more trouble. In 2017, the company was charged by the Federal Trade Commission for lacking the scientific evidence to support its claims. The company was ordered to refund customers at their request, for up to $5.1 million in total sales. Breathometer is now out of business.
All in all, more of Cuban’s “Shark Tank” investments have been successful than have failed. Those investments, combined with the companies he has started and other investments outside the show, have made him one of the most successful investors in recent memory.
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This article originally appeared on GOBankingRates.com: How Are Mark Cuban’s ‘Shark Tank’ Investments Doing Today?
