Barbara Corcoran has hundreds of “Shark Tank” deals under her belt, but in a June 2023 interview, she revealed that one of them made her a millionaire more than 400 times over. While speaking on “The Daniel Mac Show” podcast, Corcoran revealed that her most lucrative “Shark Tank” investment came in 2017 when she made a deal to put $50,000 into a blanket company. “That would have to be the Comfy,” she said when asked to name the “Shark Tank” deal that made her the most money. “That made me $468 million in three years.” “I took the deal myself,” she added. “I got a third of the business for, I think, $50,000. Nobody wanted it. …It’s nutso, right? I never anticipated it. That’s a good investment.”
When brothers Brian and Michael Speciale pitched their product — a wearable microfiber and sherpa blanket similar to the Snuggie — in a season 9 “Shark Tank” episode, they asked for $50,000 for a 20 percent stake in their company. Robert Herjavec bit, but he wanted a 50 percent stake, telling the duo, “You know what, that offer makes me Comfy.”
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But Corcoran became annoyed by Herjavec jumping in without her and offered to undercut him with an offer of $50,000 for a 30 percent stake in the company. “But you do all the work,” she told the brothers. While they tried to get her to downsize her cut to 25 percent, Corcoran wouldn’t budge. In the end, the entrepreneurs took Corcoran’s offer — and their business was born.
