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Barbara Corcoran’s bold investments on “Shark Tank” have captivated audiences and aspiring entrepreneurs alike. Over her 16 seasons on the show, Corcoran has earmarked nearly $62 million across 124 deals. The key question remains: was Corcoran’s $62 Million Shark Tank bet worthwhile?
Interestingly, Corcoran’s success rate might seem modest at first glance, as she has invested in about 9.5% of the pitches she’s heard. However, this is not indicative of all losses. Let’s delve into whether her ventures were money-makers.
Evaluating Corcoran’s Investment Returns
Despite her impressive net worth of around $100 million, Barbara Corcoran discloses that only about 10% of her “Shark Tank” investments turn a profit. During a conversation on the Chicks in the Office podcast, she candidly explained her investment risks. With so many investments, why does Corcoran, a seasoned businesswoman, continue to take these risks?
Success Stories from Corcoran’s Portfolio
Remarkably, a few stellar investments have compensated for the numerous less successful ones. A standout triumph is The Comfy—a wearable blanket business. Within weeks of its Shark Tank feature, Corcoran invested $50,000 for a 30% stake. The business exploded with $1 million in sales shortly thereafter, and eventually, grossed $468 million in three years.
Corcoran’s seasoned judgment extended to other ventures, such as Daisy Cakes, securing a 25% share for $50,000. This cake business now generates $1.2 million in annual revenue. Another significant victory was with Cousins Maine Lobster, growing to 50 locations and amassing $50 million in sales. Additionally, Grace & Lace expanded into a $50 million business following Corcoran’s $179,000 investment.
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