Shark Tank Fan Podcast
Another Bite Podcast
Dec 18, 2022
Hosts Jorie Munroe, Leslie Green, Ariel Boswell, and Jon Dick dive into analyzing successful pitches on Shark Tank like Squatty Potty, discussing marketing strategies, negotiation tactics, and the importance of maintaining momentum post-deal. They also explore cost per acquisition, craft kit businesses, and the success and potential of products like Wubbles.
36:17
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Quick takeaways
- Squatty Potty impressed the Sharks with its innovative toilet design solution, despite facing skepticism about its educational sales approach.
- Wubbles secured a deal with Lori and Mark due to their transparency, strong financials, and emphasis on educational value.
Deep dives
Squatty Potty: A Transformative Bathroom Solution
Squatty Potty, a product designed to improve the sitting position on the toilet, impressed the Sharks by addressing common issues with American toilet designs. The founders, a son and mom duo, presented a $350,000 ask for a 5% equity stake, valuing their business at $7 million. The product's anatomical explanation and revenue growth from $1 million to a projected $7 million caught the Shark's attention, but some skepticism arose regarding its educational sale nature.
