Colt and Stacy Hall faced some problems with potty training. When their daughter was eager to empty her own training potty, she often made a mess all over the bathroom. The answer was a locking training potty. Will the sharks find the Potty Safe as essential as some parents do? Our
Shark Tank Update
- Entrepreneurs: Colt and Stacy Hall
- Business: Locking potty chair for potty training
- Ask: $50,000 for 15% equity
- Result: $50,000 for 20% equity
- Shark: Lori Greiner
Necessity is the mother of invention, and the Potty Safe is proof of this. The Hall family fabricated their own locking potty chair after too many accidents while potty training. Now, they want to bring this training potty with a child-proof lock to families across America.
While the idea seemed sound, the sharks wondered if there was enough need for it. The Halls have low sales, just $2,000 in the year of filming. That might have been because they only just launched on Amazon prior to filming.
Daymond John didn’t know the space, so he went out. Robert Herjavec loved the product but not the business and went out as well. Mark Cuban didn’t think he could be all in, either.
Kevin O’Leary didn’t think Colt and Stacy had proved that there was any demand for the product, so he couldn’t invest. This left Lori Greiner.
Lori knew it would be a tough journey. She initially said it wasn’t investible for her, but changed her mind as Colt and Stacy left. Her prior investments could help, so she offered $50,000 for 20% equity and they quickly accepted.
It’s all good news for Potty Safe! After the episode aired, sales of the Potty Safe increased by nearly 500%! Right now, you can find the Potty Safe on Amazon. Our Potty Safe update also found their products at Bed, Bath, and Beyond and Walmart.
Before you go, make sure you take a look at the other company updates from Season 11 Episode 22 here:
Don’t forget to stop by our Season 11 products page to get caught up on the other company updates from Season 11.