If you have ever desired to open your business, you must’ve the inspired by the very popular Shark Tank, right?
Truly, the very popular show “Shark Tank” has inspired millions to start their own businesses. This encouragement became influential that youngsters desire to be the boss, rather than working under another boss. One such person who did this is Aaron Krause, the owner of Scrub Daddy, who appeared on the show and pitched his product.
His design, i.e., a smiley mouth sponge, has been recognized worldwide for cleaning various things. But did you ever wonder how this sponge came into existence? These sponges had a journey stretching from the Scrub Daddy Shark Tank appearance to becoming the must-have thing in households across the world. With this, let us see a few interesting details about this sponge, including the ‘Shark Tank’ era.
Scrub Daddy Product Details
Brand | Scrub Daddy |
Founded | 2012 |
Founder | Aaron Krause |
Company | Scrub Daddy Inc. |
Website | scrubdaddy.com |
Surface Recommendation | Por, Wood, Glass, Plastic, Stone |
Special Feature | Durable |
Item Weight | 0.06 Pounds |
The Rise of Scrub Daddy
Scrub Daddy is a smiley-mouth sponge that changes its stiffness according to the temperature. The sponge is soft in hot water and hard in cold water, thus making it easy to scrub tough and sticky stains. Created by “serial entrepreneur”, i.e., Aaron Krause, the Scrub Daddy Shark Tank pitch is recognized as the third best-selling product in history. Moreover, Aaron has also created many other products during his career.
A Recap of The History
The frustration of persistent dirty hands and the absence of effective cleaning foam at a manufacturing company turned Aaron Krause into a scientist. His experiments with urethane foam led him to create polymer foam. However, the high cost made the polymer foam unaffordable for shape-making, and so Aaron named the foam ‘SCRAP.’
One day, while cleaning up the furniture on his lawn, he found that at much lower temperatures the foam got harder which ultimately increased its cleaning quality. Very soon he started using this for washing dishes and applied some deformation to it so that it looked like a smiley mouth. Realizing the pulse of the market, he founded Scrub Daddy, Inc. in the year 2012, which was an instant success and was very popular with customers.
Scrub Daddy Net Worth
Scrub Daddy is a privately owned entity, leaving comfortable speculations regarding its exact valuation. Simply, private companies are approximated by revenue, profitability, and market presence. The valuation of Scrub Daddy reported to be $250 million, is supported by this revenue reputedly exceeding $200 million per year, but its actual figure is almost an approximation.
The Intriguing Shark Tank Pitch
Premiered on Season 4, Episode 7 of Shark Tank, Aaron Krause came into the tank seeking a $100,000 investment in exchange for 10% of equity. Soon after the Scrub Daddy Shark Tank pitching, the sharks were drawn to the smiling sponge and its adaptibility for different cleaning needs; but Krause had some tough counters from the Sharks.
Mark Cuban was doubtful about sales and profitability, while Lori Greiner liked the product and offered a deal of $200,000 for 20% equity, creating a perfect platform for a bidding war between the sharks. Finally, Aaron Krause accepted Lori Greiner’s offer of $200,000 for 20% equity.
Scrub Daddy Shark Tank Appearance
Lori Greiner’s investments became a turning point for Scrub Daddy and it quickly became one of the best-selling cleaning items. Experiencing a high demand from customers, the product was even included on QVC. The expansion did not stop here – the company also incorporated variations, or what we can say alternatives to the OG sponge, thus making it a versatile brand.
Alongside this, the Scrub Mummy (dual-side cleaning system), and Scrub Daisy (dishwashing system), which are the Scrub Daddy products, helped the company make a diverse portfolio and reach a wide section of audience.
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What Happened to Scrub Daddy After Shark Tank?
1) Ongoing Inventions
Scrub Daddy is constantly introducing new cleaning solutions and accessories to deal with the changing preferences of its customers. The company ensured to stand out in the market with the blend of effectiveness, uniqueness, and eco-friendliness.
2) A Global Presence
Scrub Daddy’s success is not limited to the United States anymore. This means the brand established itself in other countries as well. Moreover, this expansion also helped the brand to build strong partnerships and collaborate with known names.
3) Awards & Recognitions
Over the years, after Scrub Daddy Shark Tank appearance, the brand has won several awards for its uniqueness, which is a testament to the company’s focus on quality.
All in all, Scrub Daddy, a household staple, is beyond just a cleaning product nowadays. Its increased use and reviews have made it stand out among trusted brands. Moreover, it is reported that Scrub Daddy sales sum up to $926 million, as of 2023. From kitchens to bathrooms, or outdoor areas to automobile cleaning, this popular scrubber is accepted by households and businesses for cleaning on a routine basis.
Last But Not The Least
Scrub Daddy’s history is a groundbreaking success story and household fame, having begun with Shark Tank – from humble beginnings to a commonly used household commodity. The adventure illustrates the true meaning of innovation as well as the power of a good cleaning product. As the brand continues to flourish and diversify its line of products, it remains committed to cleaning for millions more to enjoy and simplify.
FAQs About the Amazing Product
Why is Scrub Daddy so successful?
Ans. Well, thanks to its innovative marketing strategies, exposure on Shark Tank, and a partnership with Lori Greiner. All these contributions lead to the company’s success.
What is the unique factor of Scrub Daddy?
Ans. The fact that it changes textures according to the temperature, makes the company stand out among its competitors.
What is the slogan of Scrub Daddy?
Ans. “Smile while you scrub” is the slogan of Scrub Daddy.
Was Scrub Daddy successful after Shark Tank?
Ans. Since its appearance on Shark Tank, Scrub Daddy has gone on to be a remarkably successful company, collecting $700 Million In Sales.
How much did Lori invest in Scrub Daddy?
Ans. Lori invested $200,000 for 20% equity in the company.