More recently, Pacque has incorporated Chexology to add additional services into the CoatChex family, including bag checking and rentals. His CoatChex system has since been used at major events like the Super Bowl, New York Fashion Week and Mercedes-Benz Fashion Week, according to Business Insider. Pacque found success even without the funding. But Cuban also wanted a 33% equity stake in the company, which Pacque ultimately declined. Mark Cuban was impressed enough by CoatChex to offer $200,000. CoatChexĬoatChex, the brainchild of Derek Pacque, is a ticketless coat check system that Pacque pitched in season four. Robert Herjavec matched what they were looking for, but the deal fell through after the show “due to differences in vision for Cinnaholic’s future success and profit,” QSR reported.ĭespite the lack of shark funding, the Radkes have continued to expand their offerings and franchise locations, with 136 locations in development as of May 2018.
Shannon and Florian Radke presented their vegan, dairy-free, customizable gourmet cinnamon buns to the sharks, seeking $200,000 in exchange for a 20% stake in the company.
The entrepreneurs’ goal is to get at least one of the “sharks” to fund them, and the sharks’ goal is to find a potentially good investment and own a piece of the business - but not every deal goes through.Ĭheck out the “Shark Tank” ideas and businesses that became wildly successful without backing from one of the sharks. On ABC’s “Shark Tank,” entrepreneurs present their golden ideas to a panel of business-savvy individuals.
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