30 Rejected Ideas on Shark Tank That Found Success Anyway

Soap Sox

13. Soap Sox

Soap Sox is a kid-friendly washcloth designed while keeping new parents as the target customer. The idea of designing Soap Sox to be used in kid’s bath was conceived by Ray Phillips.

Ray Phillips, the founder, appeared on the Shark Tank in 2014 and pitched his offer for $260,000 for a 10% holding in the company.

His offer was turned down by the panel, but later he was offered the same investment for a 33 % stake. But unfortunately, both offers were rejected in the end. 

Phillip’s spirit did not go down and he continued with his business eventually to get a collaboration with Disney Baby.

Advertisement - Scroll To Continue