Tripp Phillips, along with his father, Lee, pitches Le Glue to the Sharks in Shark Tank episode 1001. Le Glue is a temporary “glue” that holds LEGO projects together. It also works on other building block products. Tripp and Lee created the product back in 2014 after Tripp's third grade teacher challenged his class to come up with an invention. Le Glue dissolves in warm water, so once you “glue” your LEGOS together, it's not permanent.
Tripp accepted his teacher's challenge and came up with the idea while playing with LEGOS. Whenever he played with a creation – like a spaceship – it would fall apart. He needed a temporary glue to keep things together. Tripp's dad, Lee, thought it was a million dollar idea. His teacher did too and encouraged Tripp to enter the International Torrence Creativity Awards. Tripp came in first place! In late 2015, he set up a Kickstarter campaign and raised around $4000 to get the business started.
Tripp and Lee started making Le Glue at the kitchen table and sold over 7000 units in 2017. They used business profits to fund their patent, which was granted in April, 2018. In addition to being water-soluble, the product is solvent free and has anti microbial properties to prevent mold. It holds your LEGO projects together without the “fear of messy break ups.” Tripp sells his product on Amazon and the company website. Prices range from $6-$15. He likely wants a Shark's help getting broader distribution in the retail toy sector.
Le Glue Company Information
Posts about Le Glue on Shark Tank Blog
Le Glue Shark Tank Recap
Tripp and Lee will pitch the panel of five Sharks on the business and its prospects for growth. They'll need to convince Mark Cuban, Kevin O’Leary, Lori Greiner, Daymond John and guest Shark Jamie Siminoff. 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 Le Glue will be available on Shark Tank Blog once this episode airs.
Le Glue 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 Le Glue & Tripp and Lee Phillips as more details become available.