Aaron krause , net worth, scrub daddy, house, net worth 2022 & More

American cleaning product company
Scrub Daddy
Industry Cleaning products
Founded 2012
Founder Aaron Krause
Headquarters
1700 Suckle Highway Pennsauken Township NJ

,

USA
Products Sponges
Website scrubdaddycom

Scrub Daddy is a cleaning product company best known for an eponymous sponge it manufactures in the shape of a smiley face The product is made of a polymer which changes texture – firm in cold water and soft in warm water As of 2019, Scrub Daddy had the highest revenue of any product successfully pitched on the ABC reality show Shark Tank

History

After damaging the exterior of a vehicle when cleaning the outside, detailer Aaron Krause invented a line of buffing and polishing pads The company was acquired by 3M in August 2008 3M did not purchase a line of sponges Krause had invented, leaving them to sit in his factory Five years later, Krause used the remaining sponges to clean his dishes and lawn furniture According to Krause, this is when he “realized his multi-million dollar idea”

According to the company’s website, Scrub Daddy, Inc was founded in 2012 with grassroots marketing On the Shark Tank episode originally airing in October 2012, Lori Greiner made a 20% equity stake deal with Krause for $200,000 The following day, Greiner and Krause sold out of 42,000 sponges in under seven minutes on QVC Greiner then helped Scrub Daddy to be sold in retail stores such as Bed, Bath & Beyond In January 2017, Scrub Daddy’s total revenues surpassed $100 million – the highest of any Shark Tank product As of October 2019, the company’s lifetime sales were $209 million

Products

Scrub Daddy is made from a strong “high-tech polymer”, which is likely to be polycaprolactone based on prior patent filings The texture changes in water: firm in cold water, soft in warm water The original Scrub Daddy is a yellow circular sponge with a smiling face punched into it Krause has two patents on its design

Other products

The brand consists of more than 20 products, including scouring pads, dual-sided sponges, sink organizers, soap dispensers and household erasers

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