Shark Tank DrainWig Update | Shark Tank Season 9
Jennifer and Gifford Briggs developed DrainWig to tackle the common problem of hair-clogged drains.
Their invention, a disposable chain that catches hair before it causes blockages, eliminates the need for harsh chemicals or messy cleaning.
The couple aimed to take their product beyond online sales and into major retail stores. Would the sharks see potential in their idea?
Let’s explore their pitch and where they are now.
Quick Overview of DrainWig’s Progress
Jennifer and Gifford stepped into Shark Tank in Season 9, requesting $300,000 for a 5% stake in their business.
Their pitch impressed the investors, leading to three offers. Ultimately, they partnered with Kevin O’Leary, agreeing to $300,000 for 15% equity.
Since their appearance, DrainWig has grown into a successful brand, generating over $1 million in yearly revenue.
Their products are now sold in top online retail stores.
| Shark | Outcome |
| Kevin O’Leary | Secured deal: $300,000 for 15% |
| Lori Greiner | Offered $300,000 for 25% |
| Daymond John | Offered $300,000 for 20% |
| Sarah Blakely | No offer |
| Mark Cuban | No offer |
DrainWig’s Pitch in Shark Tank
Entrepreneurs: Jennifer and Gifford Briggs
- Product: Hair-catching device for shower drains
- Investment Request: $300,000 for 5% stake
- Final Deal: $300,000 for 15% stake
- Investor: Kevin O’Leary
The Briggs family introduced their product by sharing its origin story, explaining how their daughters played a key role in its development.
A Simple Solution to Prevent Clogged Drains
DrainWig is designed to prevent hair from clogging shower and tub drains.
- It features a chain that fits inside the drain and collects loose hair before it forms a blockage.
- Once drainage slows down, users can pull out the chain and discard it.
- Unlike conventional drain-cleaning methods, there’s no need to handle messy clogs.
- It eliminates the use of chemical cleaners, offering an eco-friendly option.
Each DrainWig pack costs $19.95 for four units, lasting a family about a year.
The patented product is available online and comes with a satisfaction guarantee.
Strong Market Demand & Financials
DrainWig had already seen success through infomercial sales before Shark Tank.
However, Jennifer and Gifford sought an investor’s help to secure a presence in large retail stores.
Daymond John inquired about the company’s revenue. The founders revealed that:
- DrainWig costs just $1.10 to manufacture and sells for $9.99.
- The product had generated $14.2 million in total sales.
- They had received only $800,000 in royalties due to an unfavorable infomercial deal.
- They now own 100% of their business after buying out previous agreements.
Sharks’ Responses and Offers
- Mark Cuban opted out, stating he wasn’t interested in revisiting existing solutions.
- Kevin O’Leary proposed $300,000 for 20% equity.
- Sarah Blakely believed they should run the business independently and chose not to invest.
- Daymond John matched Kevin’s offer of $300,000 for 20%.
- Lori Greiner countered with $300,000 for a 25% stake.
The Briggs family countered at 10%, which was ignored. They then revised it to 15%, emphasizing potential sales to hotels.
Before Daymond could respond, Kevin O’Leary accepted the deal.
DrainWig’s Progress Post-Shark Tank
Research indicates that the deal with Kevin O’Leary was finalized, leading to significant growth for DrainWig.
The product is now widely sold in major stores, including Amazon, Bed Bath & Beyond, and Wal-Mart.
- The Briggs family expanded their product line beyond the original flower design.
- New styles and a bathtub-specific version were introduced.
- In 2014, DrainWig was featured in the Oscar nominee gift bag.
- They successfully exited their infomercial contract and now generate solid profits.
- The company sells over 1,000 units per month on Amazon alone.
DrainWig continues to thrive, proving its value as a practical and hygienic solution for households everywhere.
