Krapp Strapp Shark Tank Episode 6 Update & Net Worth

Krapp Strapp Shark Tank Episode 6 Update & Net Worth

Krapp Strapp, an innovative outdoor bathroom solution, made its debut on Shark Tank Season 15, Episode 6. This unique device is designed for outdoor enthusiasts who often find themselves in situations where a proper bathroom facility is not available.

Whether you’re hunting, camping, cycling, or fishing, Krapp Strapp provides a portable and secure solution for answering nature’s call in the wilderness.

The device includes a zipper pocket to store toilet paper and other essentials, and it can be wrapped around your back and attached to a tree to create a stable and comfortable “Number 2” position.

During their pitch on Shark Tank, inventors Keith Lindsey and Bob Legg sought $65,000 for 10% equity, valuing their company at $650,000.

Their product, which was launched in 2022, had already garnered attention for its practicality and humor, and the Sharks were intrigued by the potential market for such a niche but necessary product.

After some negotiation, Keith and Bob secured a deal with Daymond John and Lori Greiner for $65,000 for 33.3% equity. As of April 2024, Krapp Strapp’s net worth is estimated at $100,000.

What Is Krapp Strapp? How Does it Work?

Krapp Strapp is a device designed to assist individuals in safely and comfortably using the bathroom outdoors. The concept was born out of the need for a portable and reliable solution for outdoor bathroom breaks, especially in remote areas where traditional facilities are not available.

The device features a sturdy strap that can be wrapped around the user’s back and secured to a tree or other stable surface, providing support and ensuring proper positioning while relieving oneself.

Krapp Strapp also includes zipper pockets where users can store toilet paper, hand sanitizers, or other small items. The design is lightweight and portable, making it easy to carry along on outdoor adventures. Priced at $49.95, Krapp Strapp is available for purchase on Amazon and other online platforms, making it accessible to a wide range of outdoor enthusiasts.

The product is particularly useful for those who enjoy activities like camping, hunting, fishing, or hiking in remote areas where traditional restroom facilities are not available. By providing a secure and stable platform for using the bathroom, Krapp Strapp addresses a common problem faced by many outdoor adventurers.

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Krapp Strapp Shark Tank Episode 6 Season 15: What Happened at Shark Tank Pitch?

When Keith Lindsey and Bob Legg appeared on Shark Tank, they were well-prepared to present their innovative product, Krapp Strapp, to the Sharks. The duo asked for $65,000 in exchange for 10% equity, explaining that their product provided a simple but effective solution for outdoor bathroom needs. The Sharks couldn’t help but laugh at the quirky name and concept, but they quickly realized the potential market for such a product.

Keith and Bob shared that Krapp Strapp was officially launched in October 2022, and in just a short time, they had managed to sell 4,000 units, generating $199,800 in sales without any advertising. The product, which costs $17 to manufacture and retails for $49.95, has a strong profit margin and has received positive feedback from customers who appreciate its practicality.

Despite the initial humor surrounding the product, the Sharks recognized the seriousness of the problem Krapp Strapp addresses. However, Mark Cuban, Kevin O’Leary, and Robert Herjavec decided not to invest, citing their lack of experience in the outdoor products market.

On the other hand, Daymond John and Lori Greiner saw potential in the product and offered $65,000 for 35% equity. After some negotiation, the final deal was closed at $65,000 for 33.3% equity, giving Keith and Bob the capital and mentorship they needed to grow their business.

Krapp Strapp Shark Tank Pitch Summary

What Happened to Krapp Strapp After Shark Tank?

After securing a deal with Daymond John and Lori Greiner on Shark Tank, Krapp Strapp experienced a surge in interest and sales. The exposure from the show introduced the product to a broader audience, many of whom saw the humor in the product’s name but also recognized its practicality.

Social media buzzed with discussions about the product, and sales saw a significant boost in the weeks following the episode’s airing.

Daymond and Lori’s investment provided the necessary capital to improve the product’s marketing and distribution strategies. The duo worked closely with Keith and Bob to explore opportunities for getting Krapp Strapp into larger retail stores and outdoor specialty shops.

The product’s unique value proposition and the backing of two experienced Sharks have set the stage for Krapp Strapp to become a staple in the outdoor gear market.

In addition to increasing their online sales, Keith and Bob have also been working on expanding their product line to include other outdoor accessories that complement Krapp Strapp. This expansion is expected to help the company diversify its offerings and reach a wider audience of outdoor enthusiasts.

How Much Is Krapp Strapp Worth?

As of April 2024, Krapp Strapp is valued at approximately $100,000. This valuation reflects the company’s sales performance since its launch and the potential for growth as it continues to expand its market presence.

 While still a relatively young company, Krapp Strapp has shown promise in its niche market and is poised for continued success with the support of Daymond John and Lori Greiner.

Is Krapp Strapp Still in Business?

Yes, Krapp Strapp is still in business as of April 2024. The company continues to operate out of its headquarters in Jacksonville, Texas, and remains committed to providing innovative solutions for outdoor enthusiasts.

 With the continued backing of Daymond John and Lori Greiner, Krapp Strapp is expected to grow its market share and increase its visibility in the outdoor products industry. The product’s unique design and practicality have helped it maintain a steady customer base, and efforts are underway to expand its reach even further.

Which Episode & Season Number Was Krapp Strapp Shark Tank?

Krapp Strapp appeared on Shark Tank during Season 15, Episode 6, which aired on November 3, 2023. This episode marked a significant moment for the company, as Keith Lindsey and Bob Legg secured a strategic investment from Daymond John and Lori Greiner, helping to propel their business forward.

Frequently Asked Questions

Who are the founders of Krapp Strapp?
Krapp Strapp was founded by Keith Lindsey and Bob Legg in 2022. The duo developed the product to address the need for a practical and portable bathroom solution for outdoor enthusiasts.

What is Krapp Strapp?
Krapp Strapp is a portable device that helps individuals create a secure and comfortable bathroom position when outdoors. It includes a strap that can be wrapped around the user’s back and secured to a tree, along with zipper pockets for storing toilet paper and other essentials.

What was the final deal Krapp Strapp received on Shark Tank?
Keith Lindsey and Bob Legg secured a deal with Daymond John and Lori Greiner, who invested $65,000 for 33.3% equity in Krapp Strapp during their appearance on Shark Tank.

How much is Krapp Strapp worth?
As of April 2024, Krapp Strapp’s net worth is estimated to be $100,000.

Is Krapp Strapp still in business?
Yes, Krapp Strapp is still in business and continues to sell its products online and through various retail channels.

What episode of Shark Tank featured Krapp Strapp?
Krapp Strapp appeared on Shark Tank in Season 15, Episode 6, which originally aired on November 3, 2023.