The company continues to hit revenue milestones and rightfully earned its place on the Shark Tank ‘Greatest’ episode in 2020.
The months immediately after the Shark Tank appearance were certainly the most impressive, sparking more than a half million in sales. With monthly revenue of approximately $25,000, the company is still doing very well after the tank. In this exciting Shark Tank LeGlue update, we can share that the company is still in business and generates a lot of monthly revenue. A deal would be made with Kevin O’Leary when Tripp Phillips agreed to partner with him. Lori Greiner and Mark Cuban felt like they couldn’t make a competitive offer to LeGlue, so they ultimately went out after Kevin and Daymond made their offers. In addition to the $80,000 in cash, LeGlue would have to offer 20% in equity to Kevin.ĭaymond was the second shark to make an offer to LeGlue, suggesting that he would do a deal for $80,000 in cash while also taking a solid 25% of the company. With licensing as the primary objective, Tripp Phillips had himself his first offer from a shark in the tank. Kevin O’Leary started out by making an offer to LeGlue, suggesting that he’d put up the $80,000 and help the company get off the ground. While it took less than fifty cents to make, they were currently selling it online on their own website for $9.00 per unit of LeGlue. In addition to the reasonable sales numbers, they were also pleased to hear that the product has great margins. Tripp shared that he had already sold more than $120,000 in lifetime sales and more than $30,000 in the last five months. Their products are also available for purchase directly from their online store.The sharks were certainly interested in the lifetime sales numbers that LeGlue had to date. You can purchase the Le-Glue Adhesive products from many retail stores and online stores worldwide, including Amazon and Walmart. In February 2020, Le-Glue appeared on the Greatest of All Time Special Episode of Shark Tank in the baby sharks category.Īs of November 2021, Le-Glue has generated over $1 million in revenue and averages between $17,000 and $20,000 in monthly revenue.
In the end, the team made the deal with Kevin. The shark, Daymond John offered the same as Kevin with no contingencies. Tripp and his dad appeared on the Shark Tank show, hoping to get an investment deal of at least $80,000 for 15% equity in the company.Īfter their pitch, Kevin O’Leary offered them $80,000 for 25% equity with a 50% royalty on any licensing deals until he gets his money back, then his equity goes to 20%. What Offer Did They Walk Away With After Their Shark Tank Episode? In late 2015, Tripp set up a Kickstarter campaign and raised around $4000. Tripp and his dad teamed up to create Le-Glue. This made him wish that had temporary glue to keep his creation together.įortunately, Tripp’s dad is a lab scientist, it clearly runs in the family! So, Tripp shared his idea with his teacher and his dad and they loved it! Whenever Tripp played with his Lego Blocks and build something, it would fall apart in the end. Ĭheck Out More Reviews Overall Score: 94/100 You can learn more about the product and brand by watching this Youtube Video or by following them on Instagram. Tripp and his parents made sure that the product is non-toxic and that it wouldn’t slowly corrode your Lego bricks. The Le-Glue company sells a non-permanent adhesive that was created specifically to glue together structures made out of building blocks like Lego® and Mega Bloks®. They left Shark Tank with a deal, but where are they now? Read on to find out! Quick Facts About The Le Glue Shark Tank Compan Le Glue Shark Tank Episode They were hoping to impress the sharks to get a deal of at least $80,000 for 15% equity. Tripp and his dad appeared on the first episode of the 10th season of Shark Tank show. His Dad decided to invest $1000 into the company to see if they could make some units of the product and sell them.
LeGlue is a water-soluble adhesive glue for Lego pieces. Tripp Phillips is the fourteen-year-old inventor and founder of the Le Glue product. Le Glue Net Worth 2022 – What Happened After Shark Tank?
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