LeGlue Net Worth – How Much Is LeGlue Worth?

LeGlue is a non-permanent adhesive glue, which is designed to hold LEGO pieces together without breaking. It also has antimicrobial properties and dissolves in water. The company sells its product on its website. Prices range from $6 to $15. This glue has a patented formula that ensures safe and effective use.

LeGlue was invented by Tripp Phillips. He is a 14-year-old inventor and founder of the company. Tripp and his father, Lee, started the company from their kitchen table. They sold over 7,000 units in 2017. However, they still had to raise money. So, they set up a Kickstarter campaign and raised $4000. Afterward, they pitched the product on Shark Tank.

The sharks were impressed by the product and the savvy way that Tripp handled the pitch. Ultimately, they offered Tripp a deal. They offered him $80,000 in cash and an additional 15% of the firm. But, after that, he had to pay the remaining 20%. And, that would mean that he would have to pay off his dad’s investment of $1,000.

In addition to the cash deal, he was offered a 50% royalty on any licensing deals. If he accepted the deal, he would have to pay Kevin O’Leary $80,000. That was the deal he wanted. Luckily, he got that deal.

In the future, LeGlue hopes to expand into new regions. They want to make the product more available to more people, so that they can make more money. Currently, the company has more than a million sales. Their products are available on their website and in most retail stores worldwide.

The company has a strong presence on social media, with over 24 million total likes on its Instagram profile. Rylee has also become popular on social media, with her debut TikTok video uploaded in October 2020. She has posted videos with her next to tall friend in June 2021. Her social media accounts have over 24 million total likes and have over two million followers.

The company has appeared on Shark Tank several times. The youngest inventor to do so is Tripp, who was 10 years old when he invented the company. As a kid, he was a LEGO fan and created a temporary adhesive to hold Lego pieces together. He and his dad are now launching the company into a bigger market.

Since their first appearance on Shark Tank, Tripp and his dad have sold more than 30,000 units. They have made more than $125,000, which is pretty impressive for an eleven-year-old and his family.

When Tripp and his family went to Shark Tank, they were hoping to impress the sharks and get a deal. After all, they were willing to pay the fees to be there. At the same time, they were hoping that they would be able to secure a contract for at least $80,000 for a 15% stake in the firm. With that in mind, it’s no wonder that the Sharks wanted to meet them.