82-year-old’s Krapp Strapp will get five-figure supply

82-year-old’s Krapp Strapp will get five-figure supply


In the event you ever need proof that age is only a quantity, ask Bob Legg.

The 82-year-old co-founder of searching producer Air Boss Outdoor joined up together with his enterprise associate, Keith Lindsey, to pitch a product referred to as the Krapp Strapp on Friday’s episode of ABC’s “Shark Tank.” They emerged with a five-figure funding supply, and unanimous reward from the present’s judges.

The Krapp Strapp is a weatherproof strap designed to assist hunters, campers and outdoorsmen relieve themselves extra comfortably. It is made 100% within the U.S., Lindsey tells CNBC Make It.

The pair created the lavatory support for anybody who understands the battle of getting to “do the deuce” whereas open air, they stated on the present. “You simply merely connect it round your waist, connect it to a robust construction like a tree … and also you merely lean again, squat down and relieve your self,” Lindsey defined.

“It should maintain 400 kilos. It is bought two pockets — one on either side — (for) rest room paper,” added Legg, who was 81 on the time of the episode’s filming.

Legg and Lindsey requested $65,000 in trade for a ten% fairness stake of their Jacksonville, Texas-based product, saying they’d use the cash to spice up their promoting efforts.

“You (all) know the folks which have been actually profitable at advertising and marketing, e-commerce, social media, promoting … We now have tried a few of that and failed,” stated Lindsey.

“I need a partnership. I wish to have some enjoyable,” Legg chimed in.

Mark Cuban’s demonstration of the product, affixed to an indoor tree, made the opposite judges chuckle. All of them appeared impressed by the Krapp Strapp’s gross sales, too: roughly 4,000 models offered in 4 months with zero promoting {dollars} spent, in response to Legg.

At a $49.95 price ticket, that equated to roughly $200,000 in income throughout that point, Cuban estimated. A lot of that curiosity got here from a Fb submit written by Lindsey, which garnered greater than 1 million views in only a few days, the duo defined.

Two of the judges, Robert Herjavec and Kevin O’Leary, stated the Krapp Strapp had a ton of potential — “gross sales do not lie,” Herjavec stated — however declined to make funding affords, saying the opposite judges could be higher matches.

Cuban gave Legg and Lindsey comparable suggestions, saying he’d solely make them a suggestion if everybody else’s proposals have been “nasty.”

That left Lori Greiner — who invested within the Squatty Potty on the present in 2014 — and Daymond John, who stated he was “the one open air particular person right here.”

Collectively, the 2 buyers provided a complete of $65,000 for 35% of the Krapp Strap. Legg countered with 25%, and Greiner responded with 33.3%. The Krapp Strapp duo accepted, garnering reward from Cuban.

“Bob, you are a star, buddy,” Cuban exclaimed.

“Now, you two (Greiner and John) can say you assist folks do the deuce open air,” Legg stated, on his approach out. “We’ll all make some cash.”

Disclosure: CNBC owns the unique off-network cable rights to “Shark Tank.”

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