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Lori Greiner might’ve missed out onShark Tank’sbiggest win ever, and here’s the kicker: she didn’t even know it. Kevin O’Leary, aka “Mr. Wonderful,” swooped in for what turned out to be his most profitable deal, all thanks to Greiner bowing out of the pitch for a weird reason.
The deal went on to make waves, and Greiner’s hesitation became the talk of the tank.
Lori Greiner misses out on $93M deal as Kevin O’Leary’s risk pays off
In aShark Tankepisode that shocked many,Lori Greinermissed out on one of the show’s most profitable deals.
Greiner passed onBasepaws, a company offering at-home genetic tests for cats, despite the pitch being backed byKevin O’Leary. He jumped in, making a $125,000 investment for a 5% stake. Fast forward, O’Leary and his partner Robert Herjavec watched as their stake skyrocketed.
Basepaws, founded by Anna Skaya, had $200,000 in sales when it hit theShark Tankstage. By the time they closed the deal, the company saw $3.5M in sales within 18 months.O’Leary saw somethingin Skaya beyond the numbers. Noting her ability to promote her product was exceptional, hesaid,
I invested in Anna for Anna. She’s so good at promoting her products, she has built that business 10-fold since ‘Shark Tank.’
The result? Basepaws was sold to Zoetis in 2022 for an excellent $93M. O’Leary’s original $125,000 investment was worth a jaw-dropping $3.2M at minimum, making it one of his best returns. He even hinted at a valuation far higher than the $50M mentioned, signing an NDA to keep the exact figure under wraps.
“I’m going to say something rude to you”: The Shark Tank Pitch That Led to a Brutal War of Words Between Robert Herjavec and Lori Greiner
Lori Greiner, who bowed out due to concerns over scaling, likely didn’t see the full potential in Anna Skaya’s company. Meanwhile,Kevin O’Leary’s calculated risk paid off big time, confirming that when it comes toShark Tankdeals, sometimes the “crazy pitch” is the one to bet on.
Lori Greiner’s lasting friendship withScrub Daddycreator Aaron Krause
Lori Greiner, the Queen of QVC, has stayedclose to one of her biggestShark Tanksuccess stories– Aaron Krause, the creator ofScrub Daddy. Greiner invested $200,000 for 20% of his company in Season 4, and the product is now a global sensation with over $200M in lifetime sales.
Their bond goes beyond business. Greiner shared withPeople,
Not only am I super close to him and his family, I’ve gone on vacations with them, I have had holidays with them, they’ve enriched my life by who they are and that friendship.
From business partners to family friends, their connection proves thatShark Tankcan create more than just deals – it can create lasting bonds.
Shark Tankis available to watch on Hulu & Apple TV.
Heena Singh
Editor | Former Senior Writer
Articles Published :1457
Heena Singh is a Editor at FandomWire, spent the last two years making waves in entertainment journalism. With a knack for digging up blockbuster celebrity scoops and an uncanny nose for the latest buzz, Heena’s articles bring a fresh and fun perspective to life. When she’s not conquering writing challenges, you’ll find her curled up in bed, peacefully sleeping.
