ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

'Shark Tank' contestants change Mark Cuban's mind and get a $300,000 deal after he pulled out

The shark had said that he was out earlier but came back in to swoop the deal away from the others.
PUBLISHED JUL 26, 2025
Screenshots showing Mark Cuban and the entrepreneurs on "Shark Tank" (Cover image source: YouTube | CNBC Ambition)
Screenshots showing Mark Cuban and the entrepreneurs on "Shark Tank" (Cover image source: YouTube | CNBC Ambition)

Investors on "Shark Tank" are known for their sharp business acumen, and they don't entertain a venture until they see potential. But there are occasions when the judges have second thoughts due to various personal and financial reasons. Mark Cuban did something similar when the founders of Dude Wipes arrived on the show. He initially pulled out but then changed his mind and closed a game-changing deal with the entrepreneurs.

The entrepreneurs wanted $300,000 for a 10% stake in their company, placing a valuation of $3 million. However, they only had $300,000 in sales year to date. They projected total sales of $1.5 million by the end of the year at the time of taping.

This was because the entrepreneurs had, at the time, just cut a deal with a nationwide retailer, which was worth millions of dollars. But Cuban did not see himself as a shark who would be successful in promoting a product that people would use to clean themselves.

Screenshot showing the product on
Screenshot showing the product on "Shark Tank." (Image source: YouTube | CNBC Ambition)

Despite this, the entrepreneurs did get a couple of offers, but they did not seem very happy about those. Kevin O’Leary and Robert Herjavec had both offered $300,000 but wanted 25% of the company. Barbara Corcoran and Lori Greiner were not interested. Mr. Wonderful called it a “fair price,” but Cuban believed that he was trying to wipe the entrepreneurs out. At that point, the owners of the company faced a dilemma.

Some entrepreneurs have a preferred shark when they come on the show. They would not mind giving up a larger share of their company than expected if it were that particular shark. Cuban could have very well been that person in this scenario. After seeing the entrepreneurs hesitate to take a deal, he saw an opportunity and offered $300,000 for 25%.

Screenshot showing Mark Cuban. (Image credit: YouTube | CNBC Ambition)
Screenshot showing Mark Cuban. (Image credit: YouTube | CNBC Ambition)

The entrepreneurs accepted the deal in an instant. They were not willing to do so with O’Leary or Herjavec. Well, it turned out that Cuban was the perfect business partner because today, Dude Wipes is massive. They appeared on “Shark Tank” in 2015 with sales of $300,000. By 2020, that number was a whopping $40 million. Part of it was due to the COVID pandemic, as people stocked up on toilet paper.

Dude Wipes was a product that was to be used for the same purpose, so it is no surprise that their sales skyrocketed. Today, the company is as successful as it has ever been, bagging sponsorship deals with major sports and entertainment bodies like NASCAR and WWE, as per a Marketing Dive report.

More on Market Realist:

'Shark Tank' contestants convince Mark Cuban to seal a $500,000 deal — even after he backed out

'Shark Tank' judge Mark Cuban invests big money in company that sells desserts made of hummus

Mark Cuban grabs a $1 million 'Shark Tank' deal just when it seemed like Lori Greiner had it locked

RELATED TOPICS SHARK TANK
MORE ON MARKET REALIST
All of the other sharks said no due to the risks, but Cuban seemed eager to take the gamble.
14 hours ago
The contestant started the game strong but had to wait until the end for the big win.
15 hours ago
The contestant faced a tough puzzle and she was not prepared for that at all.
17 hours ago
Cuban had seen enough of Mr. Wonderful's greedy tactics, and he decided to take a stand.
1 day ago
Fans were also left as confused as the contestant after seeing the puzzle.
1 day ago
The iconic "Jeopardy!" champion has been hosting the show for many years now.
2 days ago
The host remembered the times he was bullied as a young kid after hearing the chant.
2 days ago
The greeting caught Steve Harvey by surprise, and he took several seconds to regain his composure.
2 days ago
The nascent nature of the company prevented the sharks from investing in it.
4 days ago
Harvey seemed quite annoyed after the guest revealed her surprise and rightfully so.
5 days ago
Both Rick and his son Corey had a lot of luaghs while talking about this item for obvious reasons.
5 days ago
She was just happe to be with Drew Carey on stage, and perhaps did not expect such a big win.
5 days ago
The segment started with a couple of people entering the stage wearing cakes over their heads.
5 days ago
The valuation he asked for was as crazy as the outfit he wore, and the sharks said no.
5 days ago
The contestant's answer had no lewd intention but Steve Harvey made sure it did.
6 days ago
Fans of the gameshow are known to be vocal about their needs and this was just an example of that.
6 days ago
The guest stood firm at what he wanted and Harrison was forced to raise his low-ball offer.
6 days ago
The contestant was confident in his abilities and he steered his team to an impressive win.
6 days ago
The sharks could not believe what they had just witnessed but it sure was entertaining.
7 days ago
The guest said that she wanted $15,000 but had to settle for just a couple grand.
7 days ago