Patrick McCarthy entered the Shark Tank with a unique idea. He created a fragrance that smells like money. He named his product Liquid Money. The fragrance is made for both men and women. It is called His Money for Men and Her Money for Women. Patrick believed people would love the idea of smelling like cash. He thought the scent would make people feel rich and successful.
Patrick asked for $100,000 for 5% equity in his company. He wanted the investment to help grow the business. His pitch was bold and creative. Will the entrepreneur get a deal on Shark Tank? Check out Liquid Money update to find out!
Liquid Money Net Worth Shark Tank Update 2025
Patrick McCarthy went on Shark Tank asking for $100,000 for 5% of his company. This meant he thought his business was worth $2,000,000. He did not make a deal with any Shark. The episode was aired on May 4, 2012. The company is still active and continues to sell its unique money-scented colognes and perfumes. Using the default 10% yearly growth method, the current net worth of Liquid Money Fragrances is estimated to be around $1.2 million in 2025.
After Patrick left Shark Tank without a deal, Liquid Money did not give up. In fact, the company kept growing and became successful. Liquid Money got a lot of attention after its appearance on the show. It became connected with Las Vegas and national pageants. These connections helped the brand gain more visibility. As of 2024, Liquid Money is still in business.
The fragrance continues to sell well. Patrick now enjoys an estimated $10 million in annual sales. The product has been featured in many popular media outlets. Some of these include The Today Show, Men’s Health, Huffington Post, and Business Insider. This media coverage helped raise awareness of Liquid Money.
Patrick worked hard to build the brand even without the sharks’ help. He succeeded in making his fragrance a popular product. Liquid Money remains a success today.
No Liquid Money did not get a deal on Shark Tank. Patrick McCarthy pitched his business to the sharks but left without an offer. He asked for $100,000 in exchange for 5% equity in the company. However, none of the sharks made an offer. Daymond John came closest when he offered $100,000 for 80% equity. But Patrick did not want to give away so much of his company.
He turned down Daymond’s offer. The other sharks were not interested. Kevin O’Leary, Robert Herjavec, Barbara Corcoran, and Mark Cuban all decided not to invest. They had concerns about the business model and Patrick’s valuation. Patrick’s confidence also seemed lacking to Mark Cuban. In the end, Patrick left Shark Tank without a deal. Despite this, the company continued to grow and succeed.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | out | N/A | N/A |
| Barbara Corcoran | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | $100,000 for 80% equity | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Liquid Money Shark Tank pitch
Patrick McCarthy created Liquid Money because he wanted to bring something new to the market. He had worked as a salesman for many years and understood the importance of standing out. He wanted to make a product that would capture people’s attention. Patrick thought that the idea of a fragrance that smells like money would be irresistible. He believed that people would love the idea of smelling like cash.
Patrick spent a lot of time researching and developing the product. He had to find the right scent. He knew that it had to smell unique to stand out. The fragrance is made using three main ingredients: cotton, silk, and linen. These are the same materials found in money. Patrick faced many challenges when creating the product. People did not initially understand the idea. Retailers were skeptical about whether people would buy a money-scented fragrance.
But Patrick did not give up. He believed in his product and worked hard to make it happen. One of the challenges he faced was funding. Patrick had already invested $50,000 of his own money into the business. He hoped the sharks would help him grow further. But after leaving Shark Tank without a deal, he had to rely on his own resources. Despite the difficulties, Patrick stayed focused and kept growing the company. Today, his hard work has paid off with millions in sales.
Patrick’s pitch on Shark Tank was bold and creative. He introduced Liquid Money as a fragrance that smells like money. He brought two models to show off the product. The models handed out samples for the sharks to try. Patrick explained that the fragrance came in two versions. There was His Money for men and Her Money for women. He said that the fragrance was made from cotton, silk, and linen.
These ingredients are found in real money. Patrick believed the scent would appeal to people who wanted to feel rich. He thought that the fragrance would make them feel like they were in control. The sharks were impressed with the scent when they tried it. Robert Herjavec even said it smelled good. Patrick told the sharks that the names of the fragrances were trademarked. This impressed the sharks as it showed that the product was protected.
Patrick also talked about the sales he had made. He said that he had made $52,000 so far that year. Kevin O’Leary asked about the challenges Patrick faced with retailers. Patrick said it was hard to get retailers to carry the product. He also mentioned that he had run one advertisement campaign. This campaign caused sales to explode in Eastern Europe. However, Mark Cuban did not think $52,000 in sales was a big success.
Patrick argued that people bought the product because of the name. He believed that the fragrance would make them come back to buy more. Despite his passion for the product Patrick did not convince the sharks to invest. The negotiations continued but no deal was made.
During the pitch, the sharks had many questions about the product. They wanted to know how the fragrance was made. Patrick explained that it was made using cotton, silk, and linen. These are the same materials found in paper money. The sharks seemed interested in this unique ingredient combination. They also asked about the sales numbers. Patrick said that he had made $52,000 in sales so far.
Daymond John wanted to know how much money Patrick had made in total. Patrick said that he was still working on growing the business. Kevin O’Leary asked about the retail presence of the product. Patrick explained that he was struggling to get retailers to carry the fragrance. He said that one of his challenges was advertising. Despite the struggles, Patrick remained confident that people would love the product.
He believed that the name alone was a major selling point. The sharks questioned whether the fragrance was enough to drive sales. Mark Cuban wondered if it could be used as an air freshener. Daymond also noted that the business was highly dependent on advertising. Patrick mentioned that he had seen a big boost in sales after running one advertisement in Eastern Europe.
But the sharks were not convinced by these claims. They wanted more concrete proof of growth. The fragrance had not yet proven itself in the market. Patrick also mentioned that he had already invested $50,000 of his own money. This was a lot for him to invest without getting a deal. Barbara Corcoran asked how much more Patrick was willing to invest.
Patrick said that he did not want to invest more money on his own. He was hoping for a shark’s help to grow the business. Despite the great idea, the sharks were not convinced by the pitch.
The sharks were not impressed with the pitch. Daymond John was the only one who made an offer. He offered $100,000 for 80% equity in the business. Patrick was not willing to give up such a large portion of his company. He believed that he needed to keep control. He turned down Daymond’s offer. The other sharks did not make any offers. Kevin O’Leary liked the branding of the product but did not think it was a good investment.
Robert Herjavec was concerned that Patrick had not come up with a licensing path by himself. Mark Cuban did not believe in Patrick’s confidence and thought the valuation was too high. Barbara Corcoran thought the packaging was good, but did not think the fragrance actually smelled like money. After hearing the feedback from the sharks, Patrick realized that he would not get a deal. He left the tank without securing an investment.
What Went Wrong With Liquid Money On Shark Tank?
The main issue that caused Liquid Money to leave Shark Tank without a deal was the high valuation. Patrick was asking for $100,000 for 5% equity. This meant that the company was valued at $2 million. The sharks did not think the business was worth that much. Daymond John offered $100,000 for 80% equity but Patrick did not want to give up so much of his company. The lack of strong sales also hurt the pitch.
Patrick had only made $52,000 in sales that year. While Patrick argued that the name alone was enough to drive sales, the sharks were not convinced. They wanted to see more growth and proof of success. The fragrance had not yet proven itself in the market. Patrick’s confidence was questioned by Mark Cuban. The sharks were not willing to invest without seeing more potential in the product. Because of these issues, Patrick left the tank without a deal.
Product Availability
Liquid Money fragrances are available for purchase on the company’s website. The fragrance is sold in two versions. His Money is for men and Her Money is for women. The scent is unique because it is made from the same ingredients found in money: cotton, silk, and linen. These ingredients give the fragrance a distinct smell.
The product has received attention from media outlets like The Today Show, Men’s Health, and Business Insider. It has been featured in many national events including pageants and Las Vegas. Despite not getting a deal on Shark Tank, Liquid Money has continued to grow and is now generating millions in sales. The product is available online through the company website. It may also be found in select retail stores.
Conclusion
Liquid Money may have left Shark Tank without a deal, but the company didn’t give up. Patrick McCarthy worked hard to grow the business, and it paid off. Today, Liquid Money is still in business and generating millions in sales. The product has become a success despite the sharks’ wariness.
It has gained recognition in media outlets and events. Patrick’s journey shows that even without a deal on Shark Tank, a good idea can still succeed. The future looks bright for Liquid Money as it continues to grow.
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.
