Le Glue was created by Tripp Phillips, a 14-year-old inventor, and founder. He established LeGlue LLC in 2015. LeGlue is a water-soluble adhesive glue that works well with Lego parts. His father decided to invest $1,000 in the company to test if they could manufacture and market a small number of the product’s units.
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Tripp and his father appeared in the first episode of Shark Tank’s tenth season. They needed to win over the sharks to negotiate a sale for at least $80,000 for 15% equity. They had a deal when they left Shark Tank, but what’s the le-glue net worth in 2022 and where are they now? Find out by reading on!
COMPANY
A non-permanent adhesive manufactured specifically for glueing Lego® and Mega Blok®-style creations is available from the Le-Glue firm.
Tripp and his parents ensured the product was safe and wouldn’t degrade your Lego pieces over time.
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Shark Tank Episode
Tripp went to the Shark Tank show with his father in the hopes of securing an investment deal for $80,000 in exchange for 15% stock in the business.
Following their compelling argument, Kevin O’Leary handed them $80,000 in exchange for 25% interest and a 50% royalty on any licensing transactions up until he returned all of his investment; his stake dropped to 20%. On the other hand, Daymond John provided the identical deal as Kevin without any further restrictions. The team finally reached an agreement with O’Leary.
Le-Glue Net Worth 2022
Le-Glue was honored to participate in the baby sharks segment of Shark Tank’s Greatest of All Time Special Episode in February 2020. The company currently generates an average of $17,000 to $20,000 per month in sales, up from less than $100,000 in November 2021. As of April 2022, the corporation had a net worth of $1.8 million.
Most physical and online retailers, such as Amazon and Walmart, sell Le Glue Adhesive goods. It’s noteworthy that you can buy their goods straight from their website.
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