For parents, potty training can be a challenging and messy process. Colt and Stacy Hall, the inventors of Potty Safe, experienced this firsthand while training their daughter. Frustrated by the lack of a spill-proof potty on the market, they took matters into their own hands and created a solution that would revolutionize the potty training experience for families everywhere.
The Potty Safe Pitch And Deal On Shark Tank
Colt and Stacy Hall took their invention to the TV show Shark Tank, hoping to secure an investment to grow their business. They pitched their product, highlighting its unique lockable waste bowl feature that prevents children from accidentally spilling the contents. The Halls were seeking a $50,000 investment in exchange for a 15% stake in their company.
Initially, the Sharks were hesitant about the product’s potential. However, Lori Greiner saw the value in Potty Safe and offered the couple $50,000 for a 20% equity stake. Lori’s intention was to explore possible synergies with another successful product she had invested in, the Squatty Potty. Colt and Stacy accepted Lori’s offer, and the deal was made.
Potty Safe Is Still In Business?
As of August 2023. Yes,The company is still in business. The product is now widely available through various retailers, including Amazon, Walmart and is priced at $28.95. Making it an affordable option for parents looking for a reliable and spill-proof potty training solution.
Net Worth
Since its launch in August 2018, Potty Safe has achieved remarkable success. The company has reached an impressive milestone, surpassing $5 million in lifetime sales. This significant achievement demonstrates the product’s popularity and effectiveness in addressing a common problem faced by parents during the potty training process.
Business Overview Of Potty Safe
Colt and Stacy Hall’s journey to bring Potty Safe to market is a testament to their dedication and entrepreneurial spirit. While maintaining their full-time jobs, the couple worked tirelessly to develop and patent their invention. They successfully launched the product in August 2018, initially selling it online and in a local store.
As the business grew, Potty Safe expanded its retail partnerships, making the product more accessible to consumers. The company’s success can be attributed to its unique and practical design, which solves a real problem for parents. By providing a spill-proof potty training solution, Potty Safe has become a trusted and sought-after product in the market.
Conclusion
Potty Safe’s appearance on Shark Tank and the subsequent update on its progress showcase the incredible journey of a product born out of necessity. Colt and Stacy Hall’s determination to create a solution for a common parenting challenge has led to the success of their business.
With over $5 million in lifetime sales and a growing presence in major retailers, Potty Safe has established itself as a valuable tool for parents navigating the potty training process. As the company continues to thrive, it serves as an inspiration for aspiring entrepreneurs and a testament to the power of innovation in addressing everyday problems.
