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The Craziest Shark Tank Ideas That Turned Into Huge Successes

9. Lumio

abc.go.com

Lumio is a lamp that can easily be folded and transported. It was invented by San Francisco architect Max Gunawan. After a successful kickstarter campaign, Gunawan decided to go on Shark Tank to give Lumio the best chances it could get.

He walked into the tank hoping to secure $250,000 for a 8% stake in his company. He ended up with a lot of offers to choose from, and finally settled on Herjavec’s deal of $350,000 for 10% stake. Lumio quickly got popular after the episode aired, and to date; it has earned Gunawan an estimated $3 million.