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Barbara Corcoran sure had her doubts about Lori Greiner’s second-most profitableShark Tankdeal. In fact, she flat-out hated the idea. Back then, Corcoran thought it was a dumb move — something that’d never hit it big. Fast forward, and that so-called “stupid” deal grew into a $220M empire.
While Corcoran may have been skeptical, Greiner’s gut instinct turned out to be spot on, proving once again that you can’t always judge a deal by its first impression. Some investments, it seems, just take a little time to shine.
Barbara Corcoran’s biggestShark Tankregret: Missing the $220M Scrub Daddy deal
Barbara Corcoranonce calledLori Greiner’s deal with the Scrub Daddy a “stupid business,” and frankly, she hated it. Back then, Corcoran just didn’t see the appeal of a sponge with a smiley face, which is now a$220M empire. Corcoransaid in an interviewthat she regrets missing that deal:
Lori, with that stupid business with the sponge with the happy face. When she bought that business, I really didn’t mind it. I didn’t get it.
I went, ‘Who would want a smiley face in the kitchen in bright yellow?’ But then I went to my sister’s house a month later and she had those sponges all over the house, I hated Lori.
The Scrub Daddy’s journey from a rejected idea to a household name began when its inventor, Aaron Krause, faced setbacks. After being turned down by a Fortune 500 company, Krause’s innovative sponge sat forgotten in a box for three years.
But in 2011, after his wife urged him to clean their moldy furniture, Krause saw the potential — his “worthless” sponge worked wonders.A successfulShark Tankpitch later, the Scrub Daddy was born.
“If I offered you $30 Million for the company, will you take it?… NO!”: Shark Tank Company That Rejected Mark Cuban’s Once-in-a-Lifetime Offer
Krause’s product quickly became a cleaning sensation. Today, it’s in millions of kitchens across the country. While Barbara Corcoran might’ve missed the mark on this one,Greiner’s intuition turned out to be accurate.
Barbara Corcoran explains why she prefers economy over first class
Barbara Corcoran, the millionaireShark Tankinvestor, revealedwhy she refuses to splurge on first-class flights. Despite traveling frequently and owning multiple homes, she prefers the economy. As Corcoran explained onThe Jamie Kern Lima Show, a coach ticket costs only 25% of a first-class one.
Instead of indulging in luxury, she focuses on the perks — like accumulating free miles, which she gives away to family members. She shared,
The way I figure it is, a coach [economy] ticket [costs] about 25 percent of a first-class ticket. I get the free miles and I can give them away. I have everybody in my family flying on my free miles.
In the past, Barbara Corcoran also admitted to packing her own gourmet meals, preferring fresh fruit, cheese, and croissants over airport food. For her, it’s about maximizing value, not comfort.
“They have supported us every step of the way”: Shark Tank Company Both Mark Cuban and Ashton Kutcher Invested in Experienced a Meteoric 300% Rise in Sales
Shark Tankis available to watch on Hulu & Apple TV.
Heena Singh
Editor | Former Senior Writer
Articles Published :1457
Heena Singh is a Editor at FandomWire, spent the last two years making waves in entertainment journalism. With a knack for digging up blockbuster celebrity scoops and an uncanny nose for the latest buzz, Heena’s articles bring a fresh and fun perspective to life. When she’s not conquering writing challenges, you’ll find her curled up in bed, peacefully sleeping.
