Drain Wig Shark Tank Journey: From Net Worth to Latest Updates

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Drain Wig Shark Tank Journey | Shark Worth
Company Information Details
Season Season 9
Company Name DrainWig
Founder Jennifer and Gifford Briggs
Shark Kevin O’Leary
Ask $300,000 for 5% equity
Deal $300,000 for 15% royalty until $1 million is repaid, plus 25¢ royalty in perpetuity
Product Disposable drain hair catcher for tubs and showers
Current Status Still in business; products available on major retailers such as Amazon and Walmart
Estimated Net Worth Estimated at $4-5 million as of 2024

Let’s bust the myth right out of the gate: Not every Shark Tank product is some wild, high-tech gadget. Sometimes, fortune hides in the dirt—literally, in your drain. Every household fights the hair-clog battle. Most of us just curse, stab away with a wire hanger, or blast chemicals down the pipes. But is there a way to turn that common pain into a cash machine? That’s the bet Jennifer and Gifford Briggs made—and it paid off. Here’s the real (sometimes awkward, sometimes genius) story of DrainWig’s Shark Tank journey, tracked all the way to the present.

The Briggs Family Hustle: Seeing Cash Where Others Saw Gunk

Jennifer Briggs wasn’t sitting around dreaming of shower royalty checks. Like a lot of good inventions, DrainWig didn’t start in a lab—it started in a bathroom. Her daughters kept clogging the drain, and her husband, Gifford Briggs, got tired of digging out the mess. Instead of reaching for the usual chemical fix, Jennifer pieced together an alternative.

They had no fancy investors, no coast-to-coast supply chain—just a real family looking to solve a real problem. That’s what makes the DrainWig origin story punchy. Building from scratch, hustling as a family, and actually listening to the day-to-day pain points that most people overlook.

Drain Wig Shark Tank Journey From Net Worth to Latest Updates | Shark Worth
Drain Wig Shark Tank Journey From Net Worth to Latest Updates (3)

DrainWig’s Secret Sauce: Simple, Smart, and Actually Useful

Let’s get brutally honest: most as seen on TV gadgets are landfill fodder. DrainWig broke that pattern. Why? Because it’s dead simple and solves a problem everybody’s got.

Here’s how it works:

  • DrainWig is a flexible chain with little rubber whiskers.
  • You drop it in your shower drain. The chain hangs down, the cap sits on top.
  • As you shower, stray hairs get snagged by the chain—no gross fishing necessary.
  • Every few months, grab the cap, pull DrainWig out, toss it. Done.

No chemicals. No snaking. No touching slimy clumps. It’s one of those why didn’t I think of that ideas—like Scrub Daddy, but for your pipes instead of your dishes.

Most competitors either:

1. Use nasty chemicals (hello, asthma),
2. Break the drain with makeshift wire fixes, or
3. Require you to actually touch the gunk.

DrainWig? Cheaper than a plumber’s visit and way less disgusting. The best part? It’s disposable. One-and-done.

The Numbers: What the Sharks Really Saw on DrainWig’s Pitch

If you think the Sharks just throw money at every cool gadget, think again. They care about cold, hard numbers. Here’s what DrainWig brought to Season 9, when they stepped into the Tank:

Ask: $300,000 for 5% (a $6 million valuation—ballsy, but there’s method here)

  • Cost to make: $1.10 per unit
  • Retail price: $9.99—that’s a monster margin for a mass-market product
  • Distribution: All big box stores—translation, real retail turf, not just online dreams
  • Sales: $14.2 million, even before their TV pitch

Read that again: Fourteen million bucks sold before they asked a Shark for a dime. But here’s the kicker—their take-home pay was less spicy: $800,000 in royalties, thanks to a previous infomercial deal. Still, that’s more money in side-hustle cash than many full startups ever see.

Bottom line? The numbers proved this was more than a cutesy product—it was a proven seller. That’s why the Sharks started circling.

Drain Wig Shark Tank | Shark Worth
Drain Wig Shark Tank

DrainWig’s Net Worth: From Side Hustle to Real Business

So what was DrainWig actually worth then—and what’s it worth now?

During the pitch, Briggs family wanted a $6 million valuation. Was that just for show? Not entirely. With $14 million in total sales and real retail partners, you can justify a big number—especially when your margins are nearly 90%.

Fast forward to 2024: DrainWig’s revenue looks closer to $1 million annually, according to SharkWorth and public reports. If you run the math and make fair assumptions (standard consumer product multipliers, solid sticky shelf presence), DrainWig’s company net worth (post-Tank, post-hype, still selling) is likely hovering between $3-5 million. That’s after the initial Shark buzz dies down.

For a business built from a family bathroom hack, that’s power-move territory. Don’t forget—the big bucks are in retail stickiness and repeat customers. DrainWig moved units in two-packs at places like Amazon, Walmart, and other brick-and-mortar spots. Even as a side hustle, that’s real money and a blueprint newbies can learn from.

The Shark Tank Game: Drama, Deals, and The Longest Pause Ever

If you’ve binged Shark Tank, you know the moment—when the founder says a number, and the Sharks just…stare. Sometimes, that silence says more than the pitch.

Here’s how DrainWig’s deal went down in Season 9:

  • Mark Cuban bowed out. He wasn’t hunting for a fixer-upper brand—he wants to build, not reinvent old models.
  • Kevin O’Leary saw an opportunity and opened with $300,000 for 20%. Typical Mr. Wonderful—always wants a solid chunk.
  • Lori Greiner saw the QVC appeal but asked for 25%. That’s her I can sell this all day move.
  • Daymond John matched Kevin’s 20% play, but just wasn’t as fast to respond.
  • Sara (guest Shark) passed—she knew they didn’t need a Shark if they could already sell this well.

Here’s where I tip my hat to Jennifer and Gifford: They didn’t let ego destroy the deal, but they also didn’t crawl for crumbs. They countered at 10%. Sharks didn’t bite. They stuck at 15%.

Now, here’s that gold Shark Tank moment. Daymond’s about to talk. Kevin swoops in: I accept. You could feel the tension through the screen—a legendary, awkward pause. That’s strategy. The Briggs family played their hand like seasoned founders.

After the Cameras: Did Shark Tank Actually Make a Difference?

You don’t want to hear fairy tales. You want to know: Did the deal with Kevin O’Leary close? Did DrainWig blow up, or did it fizzle like so many Shark Tank one-hit wonders?

Here’s what SharkWorth and recent reports show:

  • The deal with Kevin did close. No it fell apart in due diligence drama here.
  • DrainWig kept its foot on retail’s neck. Still in major stores, still on Amazon, still moving units.
  • Revenue as of April 2023 sat at around $1 million a year. That’s no unicorn, but it’s way stronger than many Shark Tank companies after the initial wave of hype.

There’s more: Before the Tank, DrainWig already had press—Today Show spots, a cameo in the Oscars gift bag, and a four-year retail presence. Shark Tank just pumped gas on a car that was already rolling.

No wild expansion, no overreaching, no burning out on viral, then gone. The Briggs family kept things lean. They didn’t distort the brand or over-promise on QVC-style growth. The business stayed real, focused, and profitable.

The Founders’ Next Moves: Still Hustling, Just Not Flashy

DrainWig didn’t make Jennifer and Gifford Briggs celebrity CEOs. They didn’t drop everything just to become The DrainWig Company. Both have outside gigs—Gifford at CTI Construction, Jennifer listed as co-founder but keeping a low profile.

Is that strange? Only if you expect every Shark Tank founder to turn into the next Bombas. Some products are better as stable moneymakers, not as unicorn IPO machines. The Briggs family set up DrainWig to run without obsessing over endless new products or fire-drill fundraising.

Could they have pushed into new gadgets by now? Maybe. But focusing on what works kept the business alive, lean, and still in their control. Sometimes the best next move is not to blow it all up for a shot at 10X growth, but to keep a good thing going while you work on other business—true entrepreneur style.

DrainWig: A Power Play or Just a Quick Splash?

So, is DrainWig the next billion-dollar brand, or just a clever product for a niche? Here’s my honest take, and I’ve seen a lot of Shark Tank dreams rise and crash:

  • DrainWig worked because the problem was universal, the solution was dead simple, and the founders didn’t get greedy at deal time.
  • They played the retail game instead of betting the farm on direct-to-consumer—it’s picked up steady revenue, not a hype-fueled explosion.
  • They didn’t chase “fame founder” status. Instead, they kept a healthy distance and managed a profitable side business.

If you’re hustling a product, this is the story you should study. The real win isn’t always quickest or flashiest. Sometimes it’s the durable, quiet profits that keep a family in control, long after the TV cameras move on.

FAQs: DrainWig Shark Tank Facts—No Fluff, Just Answers

1. Is DrainWig still in business after Shark Tank?

Yes. As of 2023, DrainWig is still selling in retail stores and online.

2. Did the deal with Kevin O’Leary actually close?

Yes. The deal with Kevin, as seen on Shark Tank Season 9, closed successfully.

3. Where can I buy DrainWig now?

DrainWig is sold on Amazon, in big box stores, and through its official website.

4. What is DrainWig’s current annual revenue?

Current annual revenues hover around $1 million, per SharkWorth’s most recent updates.

5. How does DrainWig work compared to chemical drain cleaners?

DrainWig traps hair before clogs form—no chemicals, no mess. Safer for pipes, healthier for users.

6. Who owns DrainWig today?

After buying out earlier partners, Jennifer and Gifford Briggs retain ownership, with Kevin O’Leary as an investor.

7. Was DrainWig profitable before Shark Tank?

Yes. DrainWig generated $800,000 in royalties and $14 million in sales pre-Tank.

8. Are there any new products or updates from the founders?

DrainWig hasn’t announced new products, and the founders keep a low profile, focusing on stable operations instead of expanding the line.

Bottom line: DrainWig took one of life’s nastier jobs, flipped it, and rode it to Shark Tank success—because hustle, numbers, and knowing your customer never go out of style. If you want a blueprint for a real, grind-it-out win? This is it.

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