Scrub Daddy Investment Insights

What is the main feature of the Scrub Daddy sponge?

• It changes color when wet.

• It changes texture based on water temperature.

• It can be used as a toy.

• It is made from recycled materials.

What types of messes can Scrub Daddy clean without scratching surfaces?

• Only light stains.

• Burnt-on gravy, tomato sauce, cheese, and mustard.

• Only fresh spills.

• Grease and oil, but not dried food.

What is a unique design feature of the Scrub Daddy sponge that helps clean utensils?

• It has a special handle.

• It has a built-in soap dispenser.

• Its mouth can clean spoons and forks.

• It vibrates to remove dirt.

How much in total sales had Scrub Daddy achieved in its first four months?

• Less than $50,000.

• Exactly $100,000.

• Just over $100,000.

• Over $500,000.

What was the primary reason Aaron Krause sought investment for Scrub Daddy?

• To hire more sales staff.

• To expand marketing campaigns.

• To set up an independent manufacturing facility.

• To develop new product lines immediately.

What was Daymond's initial offer for Scrub Daddy?

• $50,000 for 15% equity

• $100,000 for 20% equity

• $150,000 for 25% equity

• $75,000 for 10% equity

What was Lori's first offer for Scrub Daddy?

• $50,000 for 15% equity

• $100,000 for 30% equity

• $150,000 for 25% equity

• $200,000 for 20% equity

How was Kevin's offer for Scrub Daddy structured?

• A fixed amount of money for a percentage of the company.

• A loan that needed to be repaid with interest.

• A royalty per unit sold, which would decrease after a certain amount was repaid.

• A partnership where he would manage the company for a salary.

What was Lori's highest offer for Scrub Daddy before the final negotiation on equity percentage?

• $100,000 for 25% equity

• $150,000 for 25% equity

• $175,000 for 25% equity

• $200,000 for 25% equity

What was the final deal made for Scrub Daddy?

• $150,000 for 25% equity with Daymond

• $200,000 for 20% equity with Lori

• $100,000 for a royalty with Kevin

• $175,000 for 25% equity with Daymond