Megan Cummins created You Smell Soap and pitched it on Shark Tank in 2012, securing a $55,000 investment from Robert Herjavec for 20% equity and a $50,000 salary.
This happened, but Herjavec later demanded 50% equity, which Cummins declined. Despite this setback, Megan continued to grow the business and sold it in 2014 to an undisclosed buyer.
Unfortunately, You Smell Soap went out of business in 2016. Therefore, this article explores the journey of You Smell Soap, its challenges, and Megan’s subsequent ventures.
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Join Us TodayYou Smell soap Net Worth
| Estimated Net worth | $275,000 (2012) |
| Investor | Robert Herjavec |
| Founder | Megan Cummins |
You smell soap Pitch on Shark Tank
| Product | Luxury soaps with personality |
| Episode | Season 03 Episode 04 |
| Founder | Megan Cummins |
| Asked for | $55,000 for 20% Equity |
| Company name | You Smell soap |
| Final deal | $55,000 for 20% Equity |
| Shark / Sharks | Robert Herjavec |
| Location | USA |
Don’t miss these product from Season 03
You smell soap Founder
Megan Cummins found You Smell soap in 2010. She is a young entrepreneur and designer. The net worth of You Smell soap’s founder, Megan Cummins, is unknown as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2012 | Appeared on Shark Tank season 03 and Robert Herjavec invested $55,000 for 20% Equity |
| 2013 | Continued to grow its sales and presence in the luxury soap market |
| 2014 | Launched new products and expanded its product line |
Conclusion
Some companies that appear on the show have not achieved great success, and the You Smell soap was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, You Smell soap went out of business in 2016 And the product is no longer available in the market.