Katherine Saltzberg and Lauri Fraser want to stick a deal with a Shark for Hugo's Amazing Tape in Shark Tank episode 921. Salzberg is the daughter of Hugo Maisnik who invented the adhesive-free “tape” by accident back in 2002. Hugo's Amazing Tape has hundreds of uses and it's very popular with folks who like to sew. It's super strong, self adhesive and reusable.
When Hugo first unveiled the tape at INPEX (an inventor's show), he was “flooded with offers” from many companies to distribute the product. He didn't want to give away his invention, so he marketed it himself. Now his daughter and her friend, Lauri, are taking over the business. Both women have acting backgrounds. Katherine played Brian Dennehy's 16-year-old daughter in the ABC sitcom, Star of the Family. Lauri has many film credits as a voice actress in animated films and shorts. She most recently “starred” as Mrs. Olsen in the Disney/Pixar short Olaf's Frozen Adventure.
Hugo's Amazing Tape comes in 1/2 inch, 1 inch and 2 inch widths in rolls of 50 foot length. Prices range from $12.99 to $15.99. The product is available on Amazon and many other eCommerce websites, including WalMart.com. So far, it hasn't been on store shelves, but perhaps Saltzberg and Fraser want a Shark to help them with that. Will a Shark think this product is amazing?
Hugo's Amazing Tape Company Information
Posts about Hugo's Amazing Tape on Shark Tank Blog
Hugo's Amazing Tape Shark Tank Recap
Katherine and Lauri will pitch the panel of five Sharks on the business and its prospects for growth. They'll need to convince Mark Cuban, Barbara Corcoran, Kevin O'Leary, Lori Grenier, and Robert Herjavec that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but they’ll need to show them THEY are capable of running the company to “Shark standards." A full pitch re-cap on Hugo's Amazing Tape will be available on Shark Tank Blog once this episode airs.
Hugo's Amazing Tape Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on Hugo's Amazing Tape & Katherine Saltzberg and Lauri Fraser as more details become available.