Squatty Potty Shark Tank Net Worth 2023
Squatty Potty has an estimated net worth of $50 million as of 2023. The company made over $150 million in sales since appearing on Shark Tank in 2021, where Lori Greiner invested $350,000 for a 10% stake in Squatty Potty.
Bobby and Judy Edwards, the founders of Squatty Potty, have an estimated net worth of around $50 million as of 2023
During the shark tank show, the company valuation fell from $7 million (based on the founders’ estimation ) to $3.5 million after Lori’s investment.
The company saw impressive growth after the pitch with $250 million in lifetime sales and as of January 2023, it had a net worth of over $50 million.
By May 2021, the business was acquired for an impressive $31.1 million by Aterian, a public consumer products company.
The remarkable growth of the business did not stop there; as of November 2022, the business had achieved an incredible amount of lifetime sales worth over $222 million and had developed over 20 new products. A testament to its success story!
What is Squatty Potty?
The Squatty Potty is a footstool for toilets that elevates your feet while you use it. If you struggle with bowel movements, the Squatty Potty can potentially provide relief.
Using this stool has proven to be advantageous, and it is obtainable in various colors and materials, such as plastic and bamboo.
The brainchild behind Squatty Potty is a trio consisting of Bobby, Judy, and Bill Edwards. Bill and Judy were already retired when they came up with the idea, whereas Bobby had experience working as a designer and contractor. Although Judy has stepped down from the company, according to her LinkedIn profile, Bobby is now the CEO of the organization.
Who is the founder of Squatty Potty?
Bobby, Judy, and Bill Edwards founded Squatty Potty after being inspired by Judy’s personal struggle with hemorrhoids and constipation. She was advised by a physician to try squatting, but found it difficult.
To address this problem, they created a contoured footstool that allows users to place their feet on it while sitting on the toilet, which helps to achieve a more natural squatting position.
Using the Squatty Potty can make defecation easier and less strenuous. There is scientific evidence to support this claim, and the product has gained popularity, selling over 10,000 units in 2012 and now being available worldwide. In the United States and Canada, the Squatty Potty can be purchased at all Bed Bath & Beyond locations.
The Squatty Potty is compatible with any toilet and is available in plastic or bamboo. Additionally, the company offers a bidet attachment and a line of colon care products.
What Happened To Squatty Potty At Shark Tank Pitch?
In the TV show “Shark Tank” episode 610, Bobby and Judy Edwards presented their product, the Squatty Potty, which is a footstool designed to improve the user’s posture while using the toilet. They were seeking a business partner to invest in their company and help with their expansion plans.
Their proposed deal was to offer a 5% stake in their company, which was valued at $7 million, in exchange for $350,000. During their pitch, they demonstrated how the typical seated position on a toilet can lead to gastrointestinal issues, whereas using the Squatty Potty allows for proper squatting posture.
One of the Sharks, Mark, asked about the company’s profitability, and Bobby and Judy claimed to have made $1 million in revenue during their first year, followed by $2.2 million the next year, and $2.7 million in the first half of 2014. They sell the Squatty Potty for $25, which costs $4.50 to manufacture.
The entrepreneurs were looking to use the investment funds to obtain FDA approval for their product as a medical device and to explore additional opportunities. They also had the support of Howard Stern.
Kevin was interested in investing $350,000 in exchange for a 10% stake in the company, but Bobby declined. Robert also decided to exit the negotiation.
Bobby then countered Kevin’s offer with $700,000 for a 10% stake, which was also declined. Lori, another Shark, insisted on having at least a 10% stake to make the investment profitable and offered $350,000 in exchange for the equity shares.
Bobby countered again, this time with $500,000 for a 10% stake, but Lori still declined. Eventually, Lori accepted the offer, and they reached a deal, marking the end of the pitch.
What Happened To Squatty Potty After Shark Tank?
After finalizing the agreement with Lori, Squatty Potty’s sales experienced a significant surge. The upcoming episode 625 will provide us with the latest information about the company’s progress and performance.
According to the report, their sales have skyrocketed, accumulating a whopping $12 million in revenue since their appearance on the show. Squatty Potty can now be found in every Bed Bath & Beyond store throughout the state. Lori, Judy, and Bobby express their excitement with a resounding “IT’S POTTY TIME!”
For a more in-depth update, viewers can refer to Beyond the Tank episode 111. Additionally, episode 1112 provides yet another upgrade for the company.
In May 2021, Aterian, a publicly traded consumer goods company, acquired Squatty Potty for $31.1 million.
Competitors of Squatty Potty
Dosecann, Marico, Multipure, and SPRI Fitness are among Squatty Potty’s top competitors.
Net Worth of Squatty Potty
The company valuation was $7 million during the pitch, after the investment done by Lori the company valuation was $3.5 million. As of January 2022 the company has a net worth of $50 million.
Squatty Potty FAQs
What is Squatty Potty?
Squatty Potty is a toilet step stool that lifts your feet while you use it. If you have difficulty emptying your bowels, you might certainly benefit from using a Squatty Potty.
Who is the founder?
Squatty Potty was founded by Bobby, Judy, and Bill Edwards. Bill and Judy were already retired when they invented Squatty Potty, while Bobby worked as a designer and contractor.
How much were they seeking on Shark Tank?
They were seeking for $350,000 for 5% stake in the firm, which is worth of $7 million at that time.
Did they have the deal on Shark Tank?
Yes, Lori Greiner offered them $350,000 for 10% stake in the business.
Is Squatty Potty still in business?
Yes, Squatty Potty is still in business and has received a lot of attention from their Shark Tank appearance.
Where is Squatty Potty located?
Squatty Potty’s headquarters are located in Idaho, USA.
What is their net worth?
As of January 2022 the company has a net worth of $50 million.
What is Squatty Potty website?
Squatty Potty website is https://www.squattypotty.com/
How do I buy Squatty Potty?
Customers can buy Squatty Potty from the official website of Squatty Potty.
How do I contact Squatty Potty?
Customers can contact them from the official website www.squattypotty.com or email at [email protected]
How do we use Squatty Potty?
To use the product all user need to do is to place the feet on the Squatty Potty, bend forward and lower themself until they feel a comfortable stretching sensation in their legs and pelvic area. Then they are ready for whatever business comes next.
What is Squatty Potty made of?
Squatty Potty is made from the finest bamboo and the top has a customized soft pad.
Can Squatty Potty do some colon cleansing?
Yes, there are many Squatty Potty accessories to help user clean up their colon and get rid of any toxins that are left behind after using it.
Is Squatty Potty good for health?
Yes, Squatty Potty is a good thing to use for bowel health. It helps to align the colon, increases abdominal muscle strength and helps to treat hemorrhoids.
How much does Squatty Potty cost?
Squatty Potty costs $24.95 in normal price plus shipping charges.
What colors are available?
They offer different colors on their website www.squattypotty.com
What is the return policy of Squatty Potty?
They offer a 30 days if does not fit or if customer don’t like it guarantee. They can return it within 30 days from the delivered date.
What is the warranty?
They offer a full one year replacement plan from the date of purchase. They can get a refund or replacement in case of any manufacturing defects.
Is Squatty Potty safe to use?
Yes, Squatty Potty is safe to use for anyone above the age of 3 years.
Can I buy Squatty Potty on Amazon?
Yes. Squatty Potty can be found at Amazon for the price of $29.99, with free shipping for prime members.
Is there a coupon code for Squatty Potty?
There are no working coupon codes available for Squatty Potty at the moment.
Who is the CEO?
Bobby Edwards is the CEO of Squatty Potty.
What is the net worth of Bobby Edwards?
Bobby Edwards’s net worth is not available.
