Lori Greiner didn’t hold back when the heat was on in the Shark Tank arena! Back in the day, she found herself in a fierce bidding war with Kevin O’Leary and Daymond John, all vying for the same pitch. This wasn’t just any ordinary pitch—it turned into a game-changer. Greiner’s gut told her she was onto something huge, and she wasn’t wrong.
That deal ended up birthing a multi-billion-dollar company, raking in over $200M in sales. It’s not every day you see Sharks fighting tooth and nail, but when they do, it’s usually for a golden opportunity like this one. And Greiner? She proved once again that she’s the true queen of the Tank!
How Lori Greiner’s Scrub Daddy Deal Sparked a $200M Empire and a Lasting Friendship
Lori Greiner’s bidding war with Kevin O’Leary and Daymond John over one Shark Tank pitch turned into a game-changer that the business world still talks about.
Back in Season 4, Aaron Krause pitched his innovative cleaning product, Scrub Daddy, not knowing it would soon skyrocket into a multi-billion-dollar empire. Greiner saw the potential and went all in, investing $200K for a 20% stake. Fast forward, and Scrub Daddy has raked in over $200M in sales, becoming one of the most iconic products to come out of Shark Tank.
But the story doesn’t end at dollar signs. Greiner and Krause’s bond went beyond business. They became close friends, even sharing vacations and holidays together. Greiner opened up to People about their friendship:
Not only am I super close to him and his family, I’ve gone on vacations with them, I have had holidays with them, they’ve enriched my life by who they are and that friendship.
Greiner’s connection with Scrub Daddy isn’t just about the money; it’s about the impact. She’s always aimed to invest in products that not only change lives but also create jobs worldwide. Greiner mentioned:
It has changed his entire life, his family’s life, but we give back. We have factories we’ve built all over the world that are giving back to now other cultures as well. And it’s all really about helping people.
That’s why fans love Greiner—she’s all heart with a knack for spotting game-changing products. Who knows? Maybe Krause will join her on Shark Tank someday, not as a pitcher but as a fellow Shark!
How Lori Greiner Turned a $750K Deal Into Another Business Win
Lori Greiner didn’t just stop at being the Queen of QVC—she built a fortune by playing the game smart. Famous for her role on Shark Tank and her hit QVC show, Greiner turned her entrepreneurial spirit into a multi-million-dollar empire. She made headlines by offering Terry and Jiake a $750,000 loan for a 5% equity stake in their company.
The kicker? A $30 royalty per unit until Greiner recouped $1 million. Once she got her full return, the royalty vanished, leaving her with just the equity. It’s moves like these that keep Greiner ahead of the curve in business!
Shark Tank is available to watch on Hulu & Apple TV.
This post belongs to FandomWire and first appeared on FandomWire
