There have been some iconic investments on Shark Tank , like Scrub Daddy and Squatty Potty , some serious misses (think the Ring video doorbell), and then there have been some truly iconic pitches. Some of these pitches were iconic because they were impressive, resulting in an investment from one or more of the Sharks. Some were iconic because either the pitch or the product was downright terrible. A few simply led to fun or emotional moments that made them go viral.
For fans of the show, if these episodes don⁘t ring a bell, they are worth sourcing online or via streaming to watch again (or first the first time). They⁘ll elicit laughs, cries, even inspiration.
Emazing Lights was a simple yet genius product: LED lighted gloves that can be worn at events like raves and concerts. Dancing with these gloves, especially to electronic dance music (EDM), adds an exciting element to the experience that owner Brian Lim explained is called gloving. He asked for $650,000 for a 5 percent stake in the business, which already had millions in sales at the time. Lim impressed the judges as he spoke about his work ethic, from the time when his parents emigrated from China, and he started selling CDs door to door. Having secured a patent, sporting healthy margins, and taking hold of the EDM scene, EmazingLights was really onto something. After receiving multiple offers, Lim accepted one from Mark Cuban and Daymond John for 8 percent equity and a 20 percent commission on licensing deals.
Lumio is an interesting invention that reinvents an otherwise fairly stagnant category. It⁘s a new way to present lighting in a room of the home. It opens like a book and can be placed anywhere, easily moved around from one room to another. Use it as a nightlight in the bedroom, for example, even open it 180⁘ to showcase a circle of LED light pages, thus adjusting lighting to the intensity and direction needed. It was unlike anything ever seen and Lumio got the Sharks really excited.
Reference: Found here
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