Phone Soap Update | Shark Tank Season 6
If you think a public toilet is dirtier than your personal cell phone, you’ll be horrified to learn that actually, your cell phone is dirtier. In fact, it probably has 18 times more harmful bacteria on it than any surface in a public restroom. Cousins Dan Barnes and Wes Laporte have a solution to fix this dirty phone problem. Will any of the sharks make them a deal on
Shark Tank Phone Soap Update
- Entrepreneurs: Dan Barnes and Wes Laporte
- Business: Cell phone sanitizer and charger
- Ask: $300,000 for 7.5% equity
- Result: $300,000 for 10% equity
- Sharks: Lori Greiner
Dan and Wes brought their Phone Soap cell phone sanitizing unit and phone charger to the tank. As they shared with the sharks just how dirty the average cell phone really is, looks of disgust could be seen on their faces. They pointed out that 1 in 6 cell phones, when tested, even has fecal matter on it! Their device not only removes 99.9% of bacteria on the phone using ultra-violet lighting technology, but it also charges it.
UV-C Phone Sanitizer & Charger; PhoneSoap 3 cleans and sanitizes the surfaces of your phone and other high touch gear. Backed by 10 years in UV technology, our best-in-class products disinfect your entire phone and small objects using UV-C light all while charging with the dual USB and USB-C charging ports.
In the five months before appearing on
Most of the company’s sales come either directly online or from the larger retailer Staples. Dan and Wes seemed to have the sharks interested, but it still seemed unlikely that they were going to get a deal without providing more information about their company. Robert Herjavec and Barbara Corcoran both had various concerns about the portability of the product, so they dropped out.
Kevin O’Leary offered a royalty deal that would be $300,000 in exchange for no equity, but a $6.00 royalty until the money is returned and then a $3.00 royalty until Kevin multiplies his initial investment four times. The guys rejected his offer, causing Kevin to drop out. Mark Cuban offered $300,000 in exchange for 20% equity, under the contingency that they improve the product to charge faster and lower the price.
Lori Greiner was also interested, offering $300,000 in exchange for 15% equity. Dan and Wes countered Mark, and Lori quickly jumped in, lowering her equity ask to 10%. Dan & Wes accepted Lori’s offer on the spot! After making a deal, what came next for the cousins? Keep reading our Phone Soap update to find out!
Our Phone Soap update is very exciting because the company is still in business and continues to do very well. Since appearing on
Are you interested in learning more about the other companies featured on Season 6 Episode 16? Follow the links below for our other company updates from the episode.
Before you go, be sure to check out our Season 6 Products Page for even more on companies and products!
Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!