Hairy Grabster Shark Tank Update (Season 12)

Hairy Grabster is a solution designed to prevent hair from going down the drain while showering. Invented by Andy and Patty Watne, the product was featured on Shark Tank Season 12, Episode 18, where they sought $75,000 for 20% equity in their company, Watne Group LLC, a family business.

Hairy Grabster addresses the common problem of hair blockage in drains, which is particularly problematic for those with long hair. The product helps prevent hair from accumulating in the bathroom, reducing the need for daily cleaning and avoiding potential plumbing issues.

The product is a hair-grabbing shower attachment that stores fallen hair in one place. It features tiny rubber needles that trap hair and attach to any surface. Available in white and blue, Hairy Grabster is priced at $11.95 and can be purchased on Amazon and through their website. It is ideal for salons and gift shops.

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Who Is The Founder Of Hairy Grabster?

Hairy Grabster is a product from The Watne Group LLC, a product development company operating since 2018.

Patricia Watne is the Chief Executive Officer of the company and has been with it for the past four years. She holds a Bachelor of Science in Public Administration from Indiana University Bloomington. Patricia previously worked at Mitchell’s Flowers, Inc., where she spent 30 years in Sales and Design before resigning in May 2020.

Andy Watne is the Project Manager at Multiplan Health Care Company and has over 26 years of experience in the corporate world. He earned a Master’s degree in Finance from the Illinois Institute of Technology.

Hairy Grabster is the first product launched by The Watne Group LLC.

How Was The Shark Tank Pitch Of Hairy Grabster?

Andy and Patty Watne appeared on Shark Tank seeking $75,000 for 20% equity in their product, Hairy Grabster. They detailed how their product works and explained their backgrounds.

The production cost of Hairy Grabster is $1.30, and it is sold for $9.99. However, they have only generated $600 in sales so far. Their marketing efforts through Facebook Ads have not yielded a profitable return on investment (ROI).

Currently, the business is operating at a loss, and it has not achieved significant sales despite being in operation for several years.

Daymond John mentioned that he believes there are still unresolved issues with the business and chose to opt out. Barbara Corcoran felt that the problem the product addresses was not significant enough.

Mark Cuban, Kevin O’Leary, and Lori Greiner also decided not to invest, stating that the business did not align with their interests.

Hairy Grabster Shark Tank Update

Hairy Grabster addresses a niche market need and has received feedback suggesting that influencer marketing could be a valuable strategy for its growth. Mark Cuban highlighted the potential of influencer marketing for the product.

The product is available on Amazon, Walmart, and their website. After participating in a Zulily sales event, Hairy Grabster has also become available in various salons and gift shops.

The business faces several challenges, but Patty Watne, the CEO, is committed to focusing on growing the company. She dedicates her full time to sales and marketing efforts.

Hairy Grabster is a unique product that fits well with various users, and influencer marketing is considered a promising avenue for its promotion. Mark Cuban recommended that Patty should pursue this strategy.

Patty manages household responsibilities, while Andy Watne oversees quality control, communication, social media, orders, and daily operations. As of August 2022, Andy continues to work full-time as a Project Manager in a healthcare company.

The company is exploring contracting with a marketing team to enhance its reach and growth. Patty is also considering launching a new product with a fresh idea and is actively working on it.

Since the Shark Tank episode aired, they have sold a total of 2,000 units. Over 70% of sales have come through Amazon, where the product has received positive reviews and boasts more than 57% five-star ratings.

What Is The Hairy Grabster Net Worth?

Hairy Grabster’s estimated net worth is $500,000. However, there are several areas needing improvement for the business.

Currently, Hairy Grabster is only available on Amazon and Walmart, with limited visibility elsewhere. Their website has low traffic, reducing the likelihood of significant sales from it.

The company’s Instagram handle has not been actively managed since December 12, 2021, indicating a lack of consistent social media engagement.

Yes, Hairy Grabster is still in business as of August 2024.