The Shark Tank Product That Started In A Garage And Landed A $250K Offer – Looper
While Laura Lady was lucky enough to secure a deal on “Shark Tank” for her cooking oil disposal product FryAway, it’s safe to say that the hard-working businesswoman could succeed with or without a shark. Lady worked in the toy industry for nearly two decades before, helping build multi-million dollar brands through marketing and product development. A lover of fried foods, Lady sought a better way to dispose of unused cooking oil that wouldn’t require pouring it down the drain.
Disposing of cooking oils in this fashion is a major contributor to environmental issues such as fatbergs, a revolting mix of oils, fats and other waste products that can harm water supplies. Additionally, the other common method of pouring oils in a container and tossing it out can see the material sit in a landfill for hundreds of years before decomposing, as Lady explains on “Shark Tank.”
The project began in 2021 where Lady worked from her garage but it didn’t take long for the product’s popularity to skyrocket. Within two months of operation, Lady was making positive cash flow. The product itself was also featured on several notable outlets including Wired, Southern Living and Elite Daily even before her “Shark Tank” episode aired in January 2023. Lady was already a success story, but now with two sharks on her side, there’s no question that she’ll be cooking up more achievements before we know it.
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