Shark Tank has rejected many successful ideas in the history of its series! Coatchex is one such brilliant idea, created by Derek Pacque.
This innovative business makes photo-based software that checks ticketless coats and other valuables at the same time.
This idea initially impressed a member of the Shark Tank panel who offered $200,000 for a 33% stake in the company but later turned down the offer due to some misunderstandings.
Nonetheless, Coatchex came into the limelight during the show and attracted business for itself. It has been used at events like Mercedes Benz fashion and Fashion Week since then.