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An episode last month made âShark Tankâ history with a $2.5 million deal â the biggest yet on the show. Throughout six seasons, other budding businesses have gotten large amounts of funding from the investor sharks, but the deals donât always pan out.
When Robert Herjavec invested $100,000 for 10% of Evan Mendelsohn and Nick Morton's ugly Christmas-sweater company in Season 4, it could seem to viewers that he was betting on a fleeting fad. It turned out, though, to be his most profitable Shark Tank investment, he told Business Insider. To stay ahead of trends, Herjavec helped make Tipsy Elves a year-round novelty apparel company that can capitalize off multiple holidays and college-football season.