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The Scrubbie Net Worth
Scrubbie Net Worth is a company that designs and markets an innovative scrubbing tool. Their unique product has become immensely successful since appearing on Shark Tank TV show; specifically the scrub daddy sponge which hardens in cold water but softens in hot water to provide convenient cleaning tools suitable for various surfaces.
Tyler Kessler, Jeff Dakin and Matt Hosey appeared on Shark Tank’s 12th season to pitch their product and gain investment from its founders; hoping that one or more of them might agree to invest in exchange for 10% ownership of the business, they requested $100,000 and requested 10% ownership – unfortunately however no Sharks agreed to invest.
How did the Scrubbie Net Worth originate?
The trio developed the product after Dakin scraped food off his kitchen sink using a sprayer and imagined attaching a sponge. They patented their idea in 2021 and took part in Wichita Women’s Fair where they displayed and demonstrated it; later attending other trade shows to promote and market it further.
After their appearance on the show, three men began receiving extensive press attention for their product. Due to demand, they needed to expand operations quickly by producing large amounts of the item. Since then, sales have continued to increase annually.
Scrubbie was launched in May 2012, appearing on ABC show Shark Tank as part of their pitch to investors and consumers alike. Within its first year of sales, its multi-textured scrubber made an instant impact and became incredibly popular; since then it has earned millions in revenue and been sold across hundreds of retail stores nationwide. However, Aaron Krause wasn’t happy with these results and wanted to expand their company further so sought out an investor who could provide him with additional reach into retail markets.
Scrubbie founders appeared on Shark Tank with hopes of striking a deal and receiving investment capital from one or more sharks, hoping they would land one and receive funding. Unfortunately, neither Lori Greiner nor any of the other sharks seemed impressed with what they saw; in fact, none showed interest and none provided enough information about sales figures and satisfaction answers for questions asked of them by sharks; when Lori saw similarities between Scrubbie and its competition she made her move and pulled out immediately.
Robert then withdrew due to not believing the founders were hungry enough to make the deal work; Mark Cuban followed suit, abandoning the deal altogether. Kevin O’Leary left as well due to lack of enthusiasm and his reservations about its future; yet these sharks’ rejection did not force the trio to give up on their dream and expand their business further.