Shark Tank
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Questions and Answers

Who is seeking an investment in the shark tank?

Aaron Kraus

What product does Aaron Kraus believe will make everyday cleaning easier?

Scrub Daddy

What is the amount of investment Aaron Kraus is seeking?

$100,000

What is the equity offered in exchange for the investment?

<p>10%</p> Signup and view all the answers

How does the Scrub Daddy change its texture?

<p>By adjusting water temperature</p> Signup and view all the answers

What is the name of the product Aaron Kraus is presenting?

<p>Scrub Daddy</p> Signup and view all the answers

Where is Aaron Kraus from?

<p>Philadelphia</p> Signup and view all the answers

What transformation occurs when the Scrub Daddy is immersed in hot and cold water?

<p>Complete transformation of texture</p> Signup and view all the answers

What is the investment amount Aaron Kraus is seeking?

<p>$100,000</p> Signup and view all the answers

What is the equity percentage offered in exchange for the investment?

<p>10%</p> Signup and view all the answers

Flashcards

Who is Aaron Kraus?

Aaron Kraus is a entrepreneur who presented his product 'Scrub Daddy' on the show "Shark Tank".

What is Scrub Daddy?

Scrub Daddy is a sponge that changes its texture based on the water temperature.

Investment amount requested by Aaron Kraus

Aaron Kraus asked for $100,000 investment for his product "Scrub Daddy" on the show "Shark Tank".

Equity offered by Aaron Kraus

Aaron Kraus offered 10% equity in his company, "Scrub Daddy", in exchange for the $100,000 investment.

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How does the Scrub Daddy change texture?

Scrub Daddy's texture transforms from soft to firm when immersed in hot water and back to soft when placed in cold water.

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What product did Aaron Kraus present?

Scrub Daddy is a product presented by Aaron Kraus on the TV show "Shark Tank".

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Where is Aaron Kraus from?

Aaron Kraus hails from Philadelphia, a city in the United States.

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What is the transformation of Scrub Daddy in different water temperatures?

The Scrub Daddy experiences a complete transformation of its texture when exposed to hot and cold water.

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Investment amount sought by Aaron Kraus

Aaron Kraus asked for $100,000 investment for his product "Scrub Daddy" on "Shark Tank".

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Equity percentage offered by Aaron Kraus

Aaron Kraus offered 10% ownership in his company, "Scrub Daddy", for a $100,000 investment.

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Study Notes

Investment and Equity

  • Aaron Kraus is seeking an investment in the Shark Tank.

Product and Its Features

  • Aaron Kraus believes his product, Scrub Daddy, will make everyday cleaning easier.
  • The Scrub Daddy changes its texture in response to temperature changes.
  • When immersed in hot water, the Scrub Daddy becomes soft and flexible, while it becomes firm and rigid in cold water.

Investment Details

  • Aaron Kraus is seeking an investment of $200,000.
  • In exchange for the investment, he is offering 20% equity in his company.

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Test your knowledge about the "Shark Tank" pitch by Aaron Krause, creator of the Scrub Daddy, and see if you can guess the outcome of his pitch to the sharks.

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