The hit TV show Shark Tank features aspiring entrepreneurs who pitch their business ideas to a panel of wealthy investors, or “sharks.” If the sharks like the idea, they may invest in the company. In Season 8 of Shark Tank, an entrepreneur by the name of Kash Shaikh pitched his social media platform BeSomebody. The sharks didn’t bite, but that didn’t stop Waters from making his vision a reality.
In this comprehensive guide, we will answer common questions about what happened to BeSomebody after Shark Tank and provide useful tips on how you can make your business successful.
Background of the BeSomebody Founders
Kash Shaikh had an aspiration to aspire others, and he was determined to make it happen. Being a former Proctor and Gamble marketing executive as well as a former director of global communications and social media for GoPro he decided to create an experience marketplace.
The name of the app was taken from Kash’s blog called Be Somebody, the blog was designed as a platform to inspire others to pursue their passions and find their purpose in life. His blog used a hashtag under the same name which gained a lot of traction all over the world.
Kash teamed up with Blake Squires, also a former GoPro executive and former professional soccer player who happens to be his cousin. Blake had the marketing know-how and together they developed the app. Many folks can sign-up to teach and share their experiences while earning money doing so! The people who offer their experiences are called passionaries.
The payments are pretty fast as well. Passionaries should expect to be paid around 72 hours after their experience has ended. BeSomebody also offers a unique insurance policy for both the passionaries and the users, giving them a sense of security when going on an adventure.
Kash Shaikh achieved $ 2 million in seed funding already prior to their Live TV appearance but they wanted to get more traction so they decided to appear on Shark Tank in the hopes of getting more capital and exposure. [1] [2]
Did BeSomebody Get a Deal?
Now let’s rewind what happened on the show. Kash approached the Sharks with their idea about connecting those who want to learn something new and with people who possess a skill or hobby they’d like to share.
He was seeking $ 1 million for 10% of the company. He began his pitch by giving Robert a ninja lesson, one of the actual possible experiences that BeSomebody offers. Next, Bollywood dancers joined in and gave a dance lesson.
Then Kash tells the sharks about how he started his business, what it does, and how it is unique from competitors. He then goes on to explain the business model and sales figures. The lessons cost around $ 40 most of the time and Kash gets 20% of the cost of each lesson. Kash also boasts about having 5 million followers for his hashtag that would support his ideas.
Unfortunately, the Sharks were not too impressed with the idea, they even expressed their skepticism about the company’s potential success. Mark doesn’t hold back expressing his dislike of the service and is the first to go out.
Barbara goes as far as to say that Kash is abrasive and too goes out. Robert, while not being as harsh, doesn’t understand the idea of BeSomebody and also goes out. Kevin points out how Kash failed to get at least someone on board to vouch for the company’s potential success. Daymond also decides to go out, leaving no one in the deal.
As we can see, BeSomebody ultimately did not get a deal from the Sharks. But this does not mean that their efforts were for naught! So what happened after Shark Tank? Let’s find out! [2]
How is BeSomebody Doing Now?
BeSomebody has managed to not only survive but also thrive after their Shark Tank experience. In fact, they have achieved a lot of success since they appeared on the show. A few months after the episode aired, Kash sold his app to Utivity Holdings, however, that company shut down after a year. This didn’t stop Kash from continuing his journey and he went on to improve the app.
He included an AI-driven algorithm to match passionaries and customers, real-time ratings and reviews, and an updated payments system. And it all paid off as in 2019 BeSomebody made it to the list of the best America private companies of Entrepreneur Magazine.
In 2020 he decided to form a BSB Group, a new company that intended to expand internationally and has plans to launch a new platform. This company offered free marketing services to Cincinnati area businesses negatively affected by the Covid-19 pandemic.
Now, let’s talk about the social media presence of this company as its community is one of its most important aspects of it. BeSomebody managed to keep their followers, in fact, they have more than 28k followers on Instagram and 39k on Twitter.
So it seems that BeSomebody has come a long way, even though they were rejected on Shark Tank. They have proven that success is real and achievable despite the odds. Not only are they doing great right now, but it seems like they will continue to grow in the future as well. [2] [3] [4]
BeSomebody Net Worth
It is safe to say that he has achieved this through his multiple ventures. Not only does he have BeSomebody and BSB Groups, but Kash also owns a number of other businesses as well. He is also the founder and CEO of StartFam, a social media management platform for brands.
Kash’s investments in technology have certainly paid off as well. He runs the AI-driven Talent Investment Fund which helps entrepreneurs with data-driven marketing insights and advice on how to invest in themselves.
It seems that sharks made a bad call in not investing in BeSomebody, Kash has managed to build a successful business with a net worth of 10 million. His passion for skill sharing, combined with his dedication and hard work has certainly paid off! [5]
FAQ
Who owns BeSomebody?
Kash Shaikh is the founder and CEO of BeSomebody. Kash decided to appear on the Shark Tank to try and gain additional funding for the company. He pitched the Sharks on his idea of creating a platform that would teach people the skills they need to pursue their passions. Unfortunately, the sharks weren’t on board with his idea and they decided not to invest in BeSomebody.
Despite this setback, Kash kept working on BeSomebody and was able to secure investments from other sources. He also continued to work hard on developing new features for the platform, including a virtual reality experience that would allow users to explore different career paths firsthand.
Today, BeSomebody has attracted millions of users and is continuing to grow rapidly. The company now offers a wide range of services, such as online courses, one-on-one coaching sessions, mentorship programs, and opportunities for networking among its members.
Did BeSomebody get a deal at Shark Tank?
No, BeSomebody did not get a deal at Shark Tank. Founder and CEO Kash Shaikh pitched the company to the Sharks, but none of them chose to invest.
However, that didn’t stop Kash from continuing to pursue her vision for BeSomebody. After leaving the show without an investment, he returned home and hit the ground running with an array of new initiatives designed to expand the reach of BeSomebody’s mission.
As of today, BeSomebody had achieved an impressive $ 20 million in annual revenue across an array of products and services. This includes the BeSomebody app, which has been downloaded by millions of people, as well as a range of digital courses, international retreats, online coaching sessions, and more.
What is an episode of Shark Tank BeSomebody?
BeSomebody appeared in the 808 episodes of Shark Tank. BeSomebody is an app that pairs people with mentors and coaches around different skill sets such as coding, cooking, finance, graphic design, etc. The app was founded by CEO Kash Shaikh who wanted to help people realize their potential and get inspired to learn something new every day.
During the episode, Kash Shaikh proposed a $ 1 million investment for a 10% stake in the business. However, he failed to get any sharks on board. This didn’t stop him though – he was determined to grow the business and make it a success.
Now BeSomebody is a huge company that gets more than $ 20 million in annual revenue. It has more than 8 million users around the world, and it partners with some of the biggest brands in the market.
Which Shark Tank deals have failed?
One of the most well-known failed Shark Tank deals is Toygaroo, a toy rental service. The founders pitched the idea for Toygaroo and managed to get two sharks, Robert Herjavec and Kevin O’Leary, to invest $ 200,000 in the company. Unfortunately, Toygaroo had trouble finding customers and ultimately failed shortly after appearing on the show.
Another failed deal was Breathometer. Breathometer developed a smartphone-enabled breathalyzer, but the product never gained traction and it got even worse when FTC charged them with misleading advertising and false promises. Even though Breathometer got an initial investment of $ 1,000,000, the company ultimately shut down.
What is the most successful product on Shark Tank?
Bombas, a sock company founded by Randy Goldberg and David Heath, is the most successful product to have been featured on Shark Tank. Bombas was first pitched in season six and managed to secure an investment of $ 200,000 from Daymond John for 17.5% equity. Since then, Bombas has gone on to become one of the most successful Shark Tank products ever.
They have earned over $ 225 million in sales since their appearance on the show, making them one of the top-selling brands on Amazon. They are also widely known for its “buy one give one” initiative where they donate a pair of socks for every pair purchased.
Useful Video: BeSomebody Owner Is Incapable Of Listening To The Sharks | Shark Tank US
Conclusion
BeSomebody is an aspiring idea of Kash Shaikh and while the company did not receive an investment from the Sharks, Kash has kept up with his plans to help people achieve their dreams. BeSomebody is a platform where users can connect to mentors that want to share their knowledge and experience in order to give other people a boost.
Kash’s ambition was picked up by news outlets and he gained a huge community of supporters. He has also found success in encouraging others to pursue their dreams and has even spoken at several events about his idea and journey.
BeSomebody is still growing, with new mentors signing up every day. They have recently expanded into an international platform, offering users the opportunity to connect with local mentors from around the world. BeSomebody is a great way for people to find guidance and advice that would otherwise be difficult or impossible to get.
Kash Shaikh’s vision of connecting people across the globe through mentorship continues to make great strides toward realization, and its future looks bright! With more opportunities coming online each day, it will soon become easier than ever before for individuals to discover mentors who can help them achieve their dreams.
Thanks for reading our BeSomebody: What Happened After Shark Tank Epic Guide. We hope it’s been helpful for you to learn about Kash’s journey, what BeSomebody is, and how you can benefit from the platform today. Good luck!
References:
- https://www.sharktankblog.com/be-somebody-experience-marketplace/
- https://www.sharktankblog.com/business/besomebody/
- https://www.instagram.com/besomebodyblog/?hl=en
- https://twitter.com/besomebodyblog
- https://otakukart.com/162726/besomebody-net-worth-value-of-kash-shaikhs-company/