Le Glue Shark Tank Update

Le Glue Shark Tank Pitch

Tripp Phillips appeared on Shark Tank Season 10, Episode 1, which aired on October 7, 2018, with water-soluble adhesive for lego pieces.

Le Glue is listed in the Children category. In plain terms, the business is described as water-soluble adhesive for lego pieces.

Le Glue asked the Sharks for $80,000 for 15%, implying a valuation of about $533,333.333.

On the show, Le Glue made a listed deal with Kevin O'Leary for $80,000 for 25%.

If treated as straight equity, the listed deal works out to about $320,000 implied valuation, down from the original $533,333.333 implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Le Glue After Shark Tank

Le Glue accepted an on-air Shark Tank deal for $80,000 for 25%, and later updates say the deal closed. (Le Glue Shark Tank Update

Update sources put Le Glue's sales around $500,000. (Le Glue Shark Tank Update

Within one year, they did a little over $500,000 in sales. (Le Glue Shark Tank Update

In February, 2020, the company appeared in The Shark Tank Greatest of All Time Special in the "baby sharks" category. (Le Glue Shark Tank Update

During the segment, Barbara said she was so impressed with Tripp's salesmanship, she wanted to hire him! (Le Glue Shark Tank Update

The current brand site points customers to le-glue.com. (Le Glue website

Sources

Sources used for this page: Shark Tank API pitches