Every Lego fan out there must have felt the frustration of being unable to join the blocks together. Whatever we try, every part seems to come off eventually, and we are left with disappointment that all our hard work went in vain. Well, apparently, this was not the case for this little fourteen-year-old boy, Tripp Phillips, who instead made a new glue formula for Lego blocks that could help to join the blocks but not permanently.
So, what inspired this small boy’s innovation? What’s the product called? How is this innovation doing at the current time? Many people might have these questions in their minds. In this article, we will learn more about this innovative idea and the backstory behind its development and therefore answer the question in demand: What is the net worth of Le Glue?
What is Le-Glue?
Le-Adhesive is a strong, non-toxic, non-permanent glue that won’t harm your blocks. It is an adhesive that can be removed with water and is intended to bind your plastic construction blocks together. All sorts of blocks, including Lego and Mega-Bloks, may be adhered to using Le-Glue. Le-Glue is readily removed with warm water, restoring your blocks to their original state. Tripp Phillips, a 12-year-old from Dalton, Georgia, who created the patented Le-Glue, made a pitch for it on the Shark Tank season 10 debut in 2018.
As of 2020, Tripp “earned the honor of being rated one of the Best Pitches of All Time on ABC 20/20,” and Le-Glue states that “our sales have surged by 500 percent” since Shark Tank. Over 7000 pieces of Le-Glue, which Tripp and Lee first produced at a kitchen table, were sold in 2017. They funded their patent, which was awarded in April 2018, with company revenues. The product is not only solvent-free but also water-soluble and contains anti-microbial qualities to avoid mold.
Both the business website and Amazon are where Tripp sells his goods. Costs range from $6 to $15. He probably needs Shark’s assistance in expanding his circulation in the commercial toy industry.
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How did Tripp come up with this Idea?
According to Tripp, he was inspired to be creative after Mrs. Martha Thomason, his third-grade teacher, gave him a writing or innovation assignment. He went home and thought about what can he do about this assignment. Minutes later, he thought that the wing of his Lego Delta aero plane kept coming off as he was playing with it. He needs a temporary fix for the adhesive that will hold the components together. This is where the concept originated.
Tripp and his father did a study on the idea and the ingredients needed to produce it. Finally, they developed a product and demonstrated that it was almost ten times more effective at holding bricks together than the frictional binding of the brick itself. They discovered the mixture was easily soluble in water, powerful but not permanent, just as instructed to “not be eternal.”
Le Glue Net Worth
Together with his father, Tripp developed Le-Glue. He launched a Kickstarter campaign in 2015, and it was successful in raising about $4,000. When the 10th season of Shark Tank premiered, Tripp and his father attended the program and made an appearance. When they attended to the presentation, they wanted to dazzle the sharks and make sure they had a contract for at least $80,000 and 15% interest in their business. The company’s revenues as of July 2022 were over $1.2 million, and each month it generated between $18,000 and $20,000 in revenue.
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