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Play the 2026 deckThen · 2012
How it really went
Read the real storyEntrepreneur, on the deal economics the week it aired (2012) ↗- Aaron Krause walks into the tank asking $100K for 10% of Scrub Daddy
- He demos a smiley sponge that is firm in cold water and soft in warm
- The numbers: about $100K in sales, mostly from three QVC appearances
- Unit economics: $1 to make, $2.80 wholesale
- The money is for his own factory
- Lori Greiner and Daymond John bid from $150K for 25%
- Kevin O'Leary switches to a royalty: 25¢ a sponge until repaid, then 7.5¢
- Lori Greiner offers $200K for 20%, and Krause takes it
Now · 2026 · 11 slides
What we changed
- The valuation math is liveDrag the cash and the equity and watch the implied valuation, the multiple of sales and five Shark fins react. Price it rich and the fins sink.
- The demo has a tapTurn the water from cold to warm and the sponge goes from firm to soft on screen, the way it did on the show.
- The grill fits on one slideSales, cost to make, wholesale price, margin, channel and use of funds: the six questions every Shark asks, answered before they ask.
- The bidding plays offer by offerStep through the ask, the opening bid, the royalty and the final offer, each priced on the same line, until the deal stamp lands.
Steal the structure
Pitch your company like Scrub Daddy did.
- 01 The ask Say the amount and the equity in the first breath. The valuation is the first thing they compute.
- 02 The valuation math Show cash divided by equity, before and after the money, and the multiple of sales it implies.
- 03 The problem A pain every investor has felt personally, shown in one picture.
- 04 The live demo One gesture that makes the product obvious. If it can be touched, let them touch it.
- 05 Why you The founder story that explains why you, specifically, found this.
- 06 Traction Sell-through, not interest: units per store, per day, against the alternative.
- 07 The numbers Sales, cost to make, price, margin, how you find customers, and what the money is for. One slide.
- 08 Objections The four doubts they are about to raise, each answered in a line with a fact.
- 09 The negotiation Every offer on the same line: cash, equity, implied valuation. Know your walk-away number.
- 10 The choice Pick the investor who moves your hardest number, and say why.
- 11 The close Say the deal out loud, then the result it should lead to.
Make yours in ChatGPT
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