Alright, folks, gather ’round, let me tell you about this little adventure I had. So, I’ve been seeing this thing called “crap strap” pop up, and I got curious. What’s the deal with this thing? How much is it worth? Let’s dive in.
First things first, I did some digging. I hit up the usual spots, you know, the internet, where else? I typed in “crap strap net worth” and started scrolling. Turns out, this crap strap is some kind of outdoor bathroom tool. Who knew, right?
Getting Down to Business
From what I gathered, these two guys, Bob Legg and Keith Lindsey, went on Shark Tank, Season 15. They were asking for 100 grand for 10% of their company. They end up making a deal with Lori Greiner and Daymond John for $65,000 and 33.3% equity. Pretty wild, huh? It is said that this thing is for when you’re out in the wild and there are no bathrooms around. Okay, I guess that makes sense.
The Numbers Game
Now, the numbers are a bit all over the place. Some sources say the crap strap’s net worth is around $100,000 as of January 2024. Others say it’s about $0.1 million. For 2022, they apparently made around $199,800 in sales. Not too shabby for a, well, you know.
- Started poking around: I got curious and started researching online.
- Found some info: Discovered it’s an outdoor bathroom tool, and the founders were on Shark Tank.
- Dug into the numbers: Found different figures for net worth and sales, but it seems they’re doing okay.
The Bigger Picture
While I was at it, I stumbled upon some general net worth stats. Apparently, the average net worth for someone under 35 is about $183,500, and it goes up as you get older. For those between 35 and 44, it’s around $549,600, and for the 45 to 54 crowd, it jumps to $975,800. Interesting stuff, right?
Then I thought, how do they even figure out a company’s net worth? It’s basically assets minus liabilities. Simple, right? The balance sheet gives you the big picture of a company’s financial health, helps to get investors, loans, or even sell the business. There are also these things called profit and loss statements and cash flow statements. It’s all a bit much for me, but hey, it’s good to know.
Wrapping Up
So, there you have it. The crap strap, a quirky little invention, seems to be carving out its own niche. It’s got people talking, and there’s some money moving around. Whether you think it’s a handy tool for your next camping trip or just a funny gift, it’s definitely something. And that’s my two cents on the whole crap strap saga. Hope you found it as interesting as I did!
