Krapp Strapp, a tool that helps with going to the bathroom outdoors, was founded by Bob Legg and Keith Lindsey and telecasted Shark Tank USA in 2023 on Season 15. The founders were seeking $65,000 for 10% equity. However, they secured a deal with Lori Greiner and Daymond John, $65,000 for 33.3% equity. In this article, we will explore Krapp Strapp’s net worth in 2024, its Shark Tank pitch summary, and more.
Krapp Strapp Net Worth
As of August 2024, Krapp Strapp’s net worth is $100K, and its annual revenue is not disclosed.
| Net worth | $100K *estimated |
| Annual Sales Revenue | Not Available |
| Profits | Not Available |
| Lifetime sales | Not Available |
| Employees | 2-10 employees |
Krapp Strapp Net Worth Timeline
| Net Worth 2024 | $100K |
| Net Worth 2023 | $230K |
| Net Worth 2022 | $150K |
Shark Tank Krapp Strapp Update from Season 15
In the Shark Tank, Keith and Bob began their presentation by introducing themselves. There, Bob proposed an investment of $65,000 in exchange for a 10% equity, valuing the company at $650K. Their company is focused on creating innovative and essential solutions to problems faced by older people. They’re offering a top-notch, user-friendly solution for outdoor waste disposal.
Mark Cuban tried out the Krapp Strapp and said it quite comfortable. Lori Greiner wanted to learn more about Bob. Bob shared that he was 81 years old and that this wasn’t his first invention. He had previously created Motion Decoys, a hunting product, and later sold the company. Afterward, he partnered with his old friend Keith to start Airboss Outdoors.
Next, Kevin asked about their sales. Keith explained that they launched the product last October (2023) and sold 4,000 units without spending anything on marketing. They made all sales through their e-commerce website.
Then, Lori and Kevin both asked about the price at the same time, and Keith responded that each unit costs $49.95. They achieved this in just four months. When Robert asked about the manufacturing cost, Keith said it was $17 per unit.
Lori asked how people discovered the product without any marketing. Bob explained that he made one social media post, which went viral and was seen by 1.2 million people.
Next, Daymond John asked why they needed the money. Keith explained that they needed help to grow the business further, especially in marketing. They believe that with a shark’s help and resources, they can give their product the attention it deserves.
Robert Herjavec appreciated that Keith and Bob were creating valuable products. However, the Krapp Strapp was something other than what he would use, so he decided to pass on the opportunity. Then, Kevin shared that he understands the need for the product, recalling his own experience of having to go outdoors as a boy at camp. However, because of that experience, he now only stays in places that offer luxury, so he also decided not to invest in the business.
Despite two sharks dropping out, Daymond, who enjoys outdoor activities, remained interested. He invited Lori to join him in a deal because she has experience with similar products, like her previous investment, The Squatty Potty. When Lori agreed to partner with Daymond, Mark decided to drop out. He said he would have been happy to work with Bob and Keith, but he believed Daymond best fits the outdoors-related product.
Lori and Daymond then offered $65,000 for 35% equity, wanting to be more equal partners with Bob and Keith. But Bob proposed 25% equity, but Lori adjusted her offer to 33.3%, valuing the company at $195K. Finally, Keith and Bob accepted the deal and left with Lori and Daymond as their new partners.
| Company Name | Air Boss Outdoors |
| Founders | Bob Legg and Keith Lindsey |
| Business | A tool that helps with going to the bathroom outdoors |
| Episode | Season 15, Episode 06 |
| Asked Deal | $65,000 for 10% equity |
| Final Deal | $65,000 for 33.3% equity |
| Sharks | Lori Greiner and Daymond John |
| Business Status | In Business |
| Company Website | Visit Website |
| Headquarter | Jacksonville, Texas, USA |
Summary of the Sharks’ Deal List!
| Shark | Offer | Counter Offer |
| Lori Greiner & Daymond John | $65,000 for 35% equity | 01 – $65,000 for 25% equity 02 – $65,000 for 33.3% equity (Accepted Deal) |
| Kevin O’Leary | No | N/A |
| Mark Cuban | No | N/A |
| Robert Herjavec | No | N/A |
What Happened to Krapp Strapp after Shark Tank?
As of August 2024, the Krapp Strapp is still in business. The Krapp Strapp company’s sales increased significantly after their appearance on Shark Tank. By appearing on Shark Tank, they would attract more customers. Further, KrappStrap has improved its design based on feedback from users and investors on Shark Tank.
Moreover, the show’s exposure helped boost the product’s market presence and brand recognition. They’ve kept the high-quality materials and added new features, like a ratchet system, which makes it easier to adjust and keep the strap secure.
They are currently selling around 50 units per week. KrappStrap stays in touch with its customers by engaging them on social media. They regularly share updates about their progress, new product features, and exciting news to build a strong community around their brand. You can now buy the Krapp Strapp on Amazon and the Airboss Outdoors website. It comes in pink or green, and the site also sells other items like hunting decoys.
Krapp Strapp Founders
Bob Legg, at 82 years old, and his friend Keith Lindsey, who is 30 years younger, run an outdoor gear company called Air Boss Outdoors. Krapp Strapp is one of the company’s products, which was started in 2022. At 63 and with worn-out knees from years of horseback riding, Keith came up with the idea for the Krapp Strapp as a lightweight solution for outdoor use.
Bob Legg, who is 82, has been passionate about the outdoors since he was young. He created a motion duck decoy in the 1980s. At the time of the pitch, Bob was 81 years old and still very energetic and determined.
Krapp Strapp Achievements and Awards
| Year | Achievements and Awards |
| 2023 | The company was featured on Shark Tank and secured a deal from Lori Greiner and Daymond John |
Conclusion
Shark Tank is a TV show showcasing different business ideas, helping them succeed. Krapp Strapp was one of the ventures featured on the show. They made a deal with Lori Greiner and Daymond John, showing that success is possible with the right idea and execution. Now, we eagerly await to see how their success story unfolds in the future.
Before you leave, check out the other company updates in Season 15, Episode 06.
