Entrepreneurs Keith Lindsey and Bob Legg pitched their innovative outdoor bathroom device on Shark Tank Season 15.
Their company, Airboss Outdoors, developed the Krapp Strapp, a product designed to assist users with relieving themselves (having #2) in extreme outdoor environments where traditional bathroom facilities are unavailable.
Did Krapp Strapp get a deal on Shark Tank?
Let’s find out all the details in our Krapp Strapp Shark Tank update and pitch recap…
If you’re short on time, here’s a quick overview of what happened to Krapp Strapp after Shark Tank:
Quick Summary
Bob Legg and Keith Lindsey showcased their product on Shark Tank Season 15, securing a deal with Lori Greiner and Daymond John for $65,000 in exchange for 33.3% equity. In terms of the Krapp Strapp Shark Tank update, the company is expected to see a significant boost in sales after appearing on the show. The product is currently available on Amazon, where it has received excellent reviews.
Table of Contents
Krapp Strapp On Shark Tank
| Shark | Result |
| Lori Greiner & Daymond John | Accepted deal of $65,000 for 33.3% equity |
| Mark Cuban | No Offer |
| Kevin O’Leary | No Offer |
| Robert Herjavec | No Offer |
Krapp Strapp Shark Tank Deal
- Business: Outdoor Bathroom Device
- Entrepreneurs: Bob Legg and Keith Lindsey
- Asked For: $65,000 for 10% equity
- Shark Tank Deal: $65,000 for 33.3% equity
- Sharks: Lori Greiner and Daymond John
What Is Krapp Strapp?
Invented by Bob Legg and Keith Lindsey, the Krapp Strapp is a portable outdoor bathroom device designed for extreme situations where traditional bathrooms are unavailable.
Whether you’re camping, hiking, hunting, or stuck outdoors, this product makes the call of nature a much more comfortable experience.
The Krapp Strapp is simple to use:
- Strap it around your waist.
- Attach the other end to a sturdy tree or structure.
- Lean back and let the device support you as you “do your business.”
The device is capable of holding up to 400 pounds and even includes two pockets for storing essentials like toilet paper or personal items. Available in fun colors like pink and green, it’s an outdoor must-have for adventurous souls.
Krapp Strapp Shark Tank Pitch Recap
The Krapp Strapp Shark Tank pitch was both an entertaining and informative session that showcased the innovative thinking of Airboss Outdoors founders Bob Legg and Keith Lindsey. Their clever solution to a common outdoor problem left the Sharks intrigued, amused, and ready to explore its potential.
The Problem and the Solution: Introducing Krapp Strapp
Bob Legg and Keith Lindsey started their pitch by addressing a unique but pressing issue for outdoors enthusiasts: finding a comfortable way to “go #2” in the wilderness. To solve this, they invented the Krapp Strapp, a simple yet ingenious device designed for convenience during outdoor bathroom emergencies.
The Krapp Strapp is a durable harness system that attaches to the user’s waist and secures to a sturdy structure like a tree. It supports up to 400 pounds and features two built-in pockets to store essentials like toilet paper.
During their presentation, the duo demonstrated the device by attaching it to a tree, earning laughs and interest from the Sharks.
Mark Cuban was even invited to try out the Krapp Strapp. After testing it, he remarked that it was “actually pretty comfortable,” a statement that added credibility to the product’s functionality.
Bob and Keith: Experienced Innovators
Bob Legg, at 81 years old, shared his rich history of inventing practical products. One of his earlier successes was Motion Decoys, a hunting product that he eventually sold. His partner, Keith Lindsey, brought complementary experience and passion to the venture. Together, they founded Airboss Outdoors, committed to solving the challenges faced by outdoors enthusiasts.
Shark Tank Krapp Strapp Sales and Costs Breakdown
When Kevin O’Leary shifted the focus to numbers, Keith revealed some impressive stats. The Krapp Strapp launched in October of the year prior to their Shark Tank appearance.
Since then, they had sold 4,000 units at a retail price of $49.95 per unit. The cost of manufacturing each unit was just $17, providing a healthy profit margin.
Even more remarkable was their marketing strategy—or lack thereof. Keith explained that they didn’t spend a single dollar on advertising. A single social media post showcasing the product garnered over 1 million views within days, driving all sales through their e-commerce website.
Sharks’ Offers For Krapp Strapp Shark Tank Pitch
Robert Herjavec’s Decision
Robert appreciated Bob and Keith’s innovative spirit and the practicality of their product. However, he admitted that the Krapp Strapp wasn’t the right fit for him, and he decided to bow out early.
Kevin O’Leary’s Take
Kevin related to the need for such a product, sharing a childhood story about camping without proper bathroom facilities. Despite understanding the utility, he emphasized that he now avoids such scenarios and declined to invest, humorously stating he wouldn’t stay anywhere without a mint on his pillow.
Daymond John and Lori Greiner’s Offer
Daymond John, an outdoor enthusiast himself, expressed genuine interest in the Krapp Strapp. Recognizing Lori Greiner’s prior success with The Squatty Potty, another bathroom-related product, he proposed partnering with her to make an offer.
Lori agreed to collaborate, acknowledging the potential synergy between their experiences.
Together, Daymond and Lori offered $65,000 for 35% equity, emphasizing the value of their combined expertise in scaling the business.
Mark Cuban’s Exit
Mark Cuban initially showed interest and appreciated the product’s comfort and functionality. However, upon seeing Lori and Daymond as more aligned partners for the Krapp Strapp, he graciously stepped aside, stating that Daymond was the best fit for the deal.
Krapp Strapp Shark Tank Deal
Bob and Keith countered Lori and Daymond’s initial offer, proposing 25% equity instead of 35%.
Lori countered again, suggesting a compromise at 33.3% equity to maintain a balanced partnership.
After a brief discussion, Bob and Keith agreed to the revised offer. The final deal was $65,000 for 33.3% equity, sealing a partnership with two Sharks known for their expertise in product marketing and scaling businesses.
With Daymond John and Lori Greiner on board, the future looked bright for the Krapp Strapp. The Sharks’ resources, combined with Bob and Keith’s innovative spirit, set the stage for the product to reach a broader audience.
What happened to Krapp Strapp following Shark Tank? Keep reading our Krapp Strapp Update to find out!
Krapp Strapp Shark Tank Update
So, what happened to Krapp Strapp after Shark Tank?
In terms of the latest Krapp Strapp Shark Tank Update, the Shark Tank effect proved real for Krapp Strapp.
Following the episode’s airing, the product saw a significant spike in sales, further solidifying its place in the niche market of outdoor bathroom solutions.
Key developments post-Shark Tank:
- Increased Market Reach:
- Krapp Strapp is now available on Amazon, making it accessible to a broader audience.
- The Airboss Outdoors website continues to sell the product alongside other offerings, such as hunting decoys.
- Improved Brand Recognition:
- The exposure from Shark Tank elevated the Krapp Strapp’s visibility, helping it become a recognizable name among outdoor enthusiasts.
- Expanding Product Line:
- Airboss Outdoors has diversified its offerings, giving customers more reasons to visit their website beyond just the Krapp Strapp.
Krapp Strapp Shark Tank Net Worth
During their Shark Tank pitch, Bob Legg and Keith Lindsey sought an investment of $65,000 for 10% equity, valuing Airboss Outdoors, the parent company of Krapp Strapp, at $650,000. This valuation reflected their confidence in the product’s market potential, given its healthy profit margins and impressive initial sales of 4,000 units without any advertising costs.
Following the negotiation, they accepted a deal with Lori Greiner and Daymond John for $65,000 in exchange for 33.3% equity, effectively lowering the company’s valuation to approximately $195,000. While this was a significant decrease from their initial ask, the strategic partnership with two Sharks positioned the Krapp Strapp for accelerated growth, making the revised valuation a promising trade-off for future success.
Did Krapp Strapp Get A Deal On Shark Tank?
Yes, the Krapp Strapp secured a deal on Shark Tank!
Founders Bob Legg and Keith Lindsey impressed the Sharks with their innovative solution for outdoor bathroom needs and their impressive sales figures. After an engaging pitch and some laughter-filled moments, Daymond John and Lori Greiner teamed up to make an offer.
They proposed $65,000 for 35% equity, highlighting their combined expertise in product marketing and scaling niche inventions.
Although Bob and Keith initially countered with 25% equity, the negotiation concluded at 33.3% equity, making it a win-win for both sides.
With two Sharks backing their venture, the Krapp Strapp gained not only funding but also invaluable mentorship and resources to expand its reach.
Shark Tank Krapp Strapp Reviews
The Krapp Strapp left a memorable impression on both the Sharks and the audience, thanks to its practical innovation and humor-infused pitch. The Sharks appreciated its functionality, with Mark Cuban even describing it as “comfortable” after testing it himself.
Lori Greiner, who had experience with similar products, saw the potential for the Krapp Strapp to carve out a niche in the outdoor accessories market. Daymond John, an outdoorsman himself, recognized its appeal to adventurers and enthusiasts looking for convenience during their outdoor escapades.
Viewers at home also seemed to resonate with the product’s practicality and the entertaining pitch by Bob Legg and Keith Lindsey. The combination of humor, innovation, and strong sales performance made the Krapp Strapp a standout.
Social media buzzed with positive comments, highlighting the product as both useful and cleverly marketed. Overall, the Krapp Strapp earned widespread praise for solving a unique problem in a simple yet effective way.
Where To Buy Krapp Strapp?
The Krapp Strapp is available for purchase through multiple platforms, ensuring convenience for outdoor enthusiasts everywhere. You can order the product directly from the official Airboss Outdoors website, which offers the full range of their products, including hunting decoys and accessories.
The website provides options to choose between different colors, such as pink and green, catering to varied preferences.
Additionally, the Krapp Strapp is now listed on Amazon, making it accessible to a wider audience. This platform provides the added benefit of quick delivery and customer reviews to help you make an informed purchase.
Whether you’re preparing for a camping trip or adding to your emergency kit, the Krapp Strapp is just a click away!
Lessons From Krapp Strapp’s Shark Tank Journey
The success of Krapp Strapp highlights several valuable lessons for aspiring entrepreneurs:
- Embrace Niche Markets: Bob and Keith identified a unique, unmet need and created a product that effectively solved it.
- Use Humor to Stand Out: Their pitch blended practicality with humor, leaving a lasting impression on both the sharks and the audience.
- Leverage Social Media: Without spending on traditional advertising, a single viral post garnered over 1 million views, proving the power of organic social media marketing.
- Seek Expert Guidance: Partnering with Lori and Daymond gave Airboss Outdoors access to resources and expertise to grow their business.
Where Is Krapp Strapp Now?
Today, Krapp Strapp continues to thrive, serving its niche audience of outdoor enthusiasts. Customers can choose between fun color options, pink or green, while the company’s e-commerce website and Amazon listings ensure seamless availability.
While it may not be a product for everyone, Krapp Strapp proves that even the quirkiest ideas can succeed with the right execution, marketing, and partnerships.
The innovative minds behind Airboss Outdoors have shown that tackling even the most unconventional problems can lead to entrepreneurial success.
FAQs On Krapp Strapp Shark Tank Update Today
Who Is The Owner Of Krapp Strapp?
The Krapp Strapp is owned by Airboss Outdoors, a company founded by Bob Legg and Keith Lindsey. These seasoned entrepreneurs design innovative solutions for outdoor enthusiasts, with the Krapp Strapp being one of their standout creations.
Is Krapp Strapp Successful?
Yes, the Krapp Strapp has been successful since its Shark Tank appearance. It experienced a significant boost in sales, gained brand recognition, and expanded its availability to platforms like Amazon. The partnership with Lori Greiner and Daymond John has further solidified its market presence.
Is Krapp Strapp Still In Business?
Yes, the Krapp Strapp is still in business. Since its appearance on Shark Tank, the product has gained significant attention, leading to increased sales and broader availability on platforms like Amazon and the Airboss Outdoors website. The brand continues to offer its innovative outdoor bathroom solution along with other related products.
Did Krapp Strapp Get A Deal On Shark Tank?
Yes, Krapp Strapp secured a deal on Shark Tank. Entrepreneurs Bob Legg and Keith Lindsey received an offer from Lori Greiner and Daymond John for $65,000 in exchange for 35% equity. After some negotiation, the duo accepted a counteroffer for 33.3% equity.
What Happened To The Krapp Strap After Shark Tank?
After appearing on Shark Tank, the Krapp Strapp received a significant boost in sales and brand recognition. With the help of investors Lori Greiner and Daymond John, the product gained wider exposure, now available on platforms like Amazon and the Airboss Outdoors website. The partnership has helped the business grow and continue its success in the outdoor market.
Conclusion: Krapp Strapp After Shark Tank
The Krapp Strapp’s journey from pitch to Shark Tank success is a testament to creativity, determination, and a little bit of humor.
From Bob Legg’s infectious energy to the practicality of their product, the story of Krapp Strapp reminds us that innovation can come from the most unexpected places.
Stay tuned for more Krapp Strapp Shark Tank update as this company continues to grow and cater to the needs of outdoor adventurers.
Have you tried the Krapp Strapp? Share your thoughts in the comments below!
FYI, if we can collect any inside news, we will surely come up with another Krapp Strapp Update as soon as possible.
In the meantime, you can check out more Company Updates on Shark Tank Season 15 Episode 6 by clicking on the links below:
Before you go, make sure to visit our Season 15 Company Updates Page, All Company Updates Page and Shark Tank All Products Page for more information on various companies and products featured in the Show.
At the same time, you can FOLLOW our blog to get the latest updates on businesses featured in Shark Tank Show. And, if you have any questions, you can send us message at your convenience.
Lastly, you can check out more Company Updates for the businesses featured in Shark Tank Season 14 by visiting our Season 14 Company Updates Page.
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