Michael Levin is the founder of Business Ghost. He appeared on Shark Tank Season 3. Michael has built a business that helps people write books. His company offers ghostwriting services. The idea behind the business is simple. Many people want to write books but don’t know how to do it. Michael and his team take care of all the work. They write the book, organize the content, and even design the cover.
This is a complete service for people who want to become published authors but don’t have the time or skills. Michael made the pitch on Shark Tank hoping to get investors. He asked for $200000 in exchange for 10% of his company. Will the entrepreneur get a deal on Shark Tank? Check out the Business Ghost update to find out!
Business Ghost Net Worth Shark Tank Update 2025
Michael Levin went on Shark Tank asking for $200,000 for 10% of his company. This meant he thought his business was worth $2,000,000. He made a deal with Barbara Corcoran and Kevin Harrington for $200,000 for 40%, lowering the value to $500,000. The episode was aired on October 7, 2011. The ghostwriting company was later acquired in 2016 and rebranded before being retired. The current net worth of Business Ghost is $0 in 2025.
Business Ghost is no longer active as it was when Michael first pitched it on Shark Tank. After the show, Michael continued working as a ghostwriter. His career as a writer flourished even after his appearance. He still writes for clients. Michael’s ghostwriting services are still in demand. In 2016 Business Ghost was acquired by Advantage Media.
However, the company itself as it was originally pitched is no longer in business. Michael now runs two websites. One is The Fable Factory and the other is the Michael Levin Writing Experience. These websites offer different ghostwriting services. Michael has worked with top media outlets like Fox News, Forbes, and HBO. His career in writing continues to grow. As of today in 2024 Michael is still a successful ghostwriter.
Michael Levin did not get a deal on Shark Tank. He asked for $200000 in exchange for 10% of his company. All the sharks passed on the offer. Mark Cuban, Kevin O’Leary, Robert Herjavec, Barbara Corcoran, and Daymond John all decided not to invest. They were unsure about the business model. Michael had already achieved success in his career.
He has written over 100 books. Many of those books became New York Times bestsellers. However, the sharks were not convinced that Business Ghost could grow into a large business. They did not think it could become a $5 million business. Because of this, no deal was made. Michael left the Shark Tank stage without an investor.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Barbara Corcoran | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Business Ghost Shark Tank pitch
Michael Levin’s journey as a ghostwriter began long before Shark Tank. He always had a passion for writing. He started his career as a writer early on. Over the years he gained more experience. He began writing for high-profile clients. His clients included CEOs, celebrities, and athletes. These clients wanted to write books but did not have the time to do it themselves. Michael saw an opportunity to help these people.
He created Business Ghost to make their dream of becoming published authors a reality. Michael and his team took on all the work. They did the writing, editing, designing, and even the marketing.
The clients only had to provide the idea for their book. Business Ghost was a one-stop shop for aspiring authors. The company was successful from the start. Michael wrote over 100 books during his career. Many of these books went on to become bestsellers. Despite his success, Michael faced challenges. One challenge was convincing people that they needed his service.
Some people did not understand the value of having a ghostwriter. But Michael pushed through. He knew that his service could help people achieve their publishing dreams. Another challenge was growing the business. As the business grew Michael needed to hire more writers and staff. However, he was able to do this successfully and continued to grow his business.
When Michael pitched his business on Shark Tank he was confident in his product. He knew that Business Ghost had already achieved success. Michael had written over 100 books by the time he appeared on the show. His books have been turned into TV shows and movies. Michael was already making good money from his business. At the time of filming, he was grossing $650,000 a year.
He projected that his revenue would reach $700,000 by the end of the year. Michael explained how Business Ghost worked. He told the sharks that his service helped people who wanted to write books but didn’t know how to.
His company provided a complete package. The company wrote the book, edited it, designed it and even marketed it. The price for this service ranged from $35000 to $75000 depending on the complexity of the book. This price included 50 to 100 copies of a hardcover book. Michael told the sharks that his business had a steady stream of customers. Most of his clients came through referrals.
He explained that he was currently averaging two books per month. This meant his company was already doing well. Michael was confident that his business could continue to grow. He hoped to secure a deal with one of the sharks to help him expand even further.
The sharks had many questions for Michael. Kevin O’Leary was impressed with Michael’s success but had concerns about the scalability of the business. Kevin asked how Michael planned to turn Business Ghost into a $5 million business. Michael explained that the company was already growing and that he had a steady flow of clients. But Kevin was unconvinced.
He wasn’t sure if the business could reach the level of success that Michael hoped for. Kevin decided not to invest. Robert Herjavec also had concerns. He questioned whether Michael had a clear strategy for the business. Robert felt that Michael lacked a plan for long-term growth. This led Michael to become self-deprecating.
He said he wasn’t sure how to expand the business. Barbara Corcoran did not like this and decided to drop out. She felt that Michael was not confident enough in his business. Daymond John also had doubts. He didn’t think the business would be easy to scale. He felt that it would be difficult to get his money back if he invested.
This left Mark Cuban as the last shark with a potential offer. However, Mark had concerns too. He felt that the business was in a tough industry. He wasn’t sure if Michael’s business model would work. Mark also dropped out leaving Michael without a deal.
The sharks were not convinced that Business Ghost could be a successful business. Kevin O’Leary was the first to go out. He didn’t see how the business could grow to $5 million per year. He thought it was too risky to invest in a business that wasn’t scalable. Robert Herjavec also dropped out. He felt that Michael didn’t have a strategy for long-term success.
Barbara Corcoran followed suit. She didn’t like Michael’s self-deprecating attitude. She felt that he lacked confidence in his business.
Daymond John also decided not to invest. He didn’t think it would be easy to get his money back. Finally, Mark Cuban dropped out as well. He didn’t believe the business would succeed in such a tough industry. Michael left the stage without a deal. He had hoped for an offer but the sharks didn’t think his business was scalable enough.
What Went Wrong With Business Ghost On Shark Tank?
There were several reasons why the sharks did not invest in Business Ghost. One of the main concerns was the scalability of the business. Kevin O’Leary questioned how Michael could grow the business to $5 million per year. He didn’t think the business model would work for long-term success. Robert Herjavec also felt that Michael didn’t have a clear strategy for growth. He worried that Michael wasn’t prepared to take the business to the next level.
Barbara Corcoran didn’t like Michael’s self-deprecating attitude. She felt that he lacked confidence in his business. Daymond John didn’t think it would be easy to get his money back if he invested. Mark Cuban also had concerns about the business model. He didn’t believe it would succeed in such a competitive industry. In the end all the sharks passed on the deal. They felt that Business Ghost wasn’t the right investment for them.
Product Availability
Business Ghost was a ghostwriting service that helped people become published authors. The service included writing, editing design, and marketing. Michael’s team handled everything for the client. The service was available for clients who wanted to write a book but didn’t have the time or skills to do it themselves. The pricing for the service ranged from $35000 to $75000 depending on the complexity of the book. This price included 50 to 100 copies of a hardcover book.
Clients could also receive marketing services to help promote their books. Michael’s business was available to people who wanted to write books but didn’t know how to get started. The service was available through Business Ghost’s website. However, the company is no longer active under that name.
Michael now runs two websites offering ghostwriting services The Fable Factory and Michael Levin Writing Experience. These websites provide similar services to what Business Ghost offered.
Conclusion
Business Ghost was an interesting business idea. Michael Levin was already a successful ghostwriter when he appeared on Shark Tank. He had written over 100 books and many had become bestsellers. Despite this, the sharks were not convinced that the business could grow into a large company. They were unsure about the scalability of the business and the lack of a clear strategy for growth.
As a result Michael did not get a deal on Shark Tank. However, his career as a ghostwriter continued to thrive. In 2016 Business Ghost was acquired by Advantage Media. Today Michael runs two websites offering ghostwriting services. His business continues to grow and he is still a successful ghostwriter.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
