What Happened To Hugo’s Amazing Tape After Shark Tank?

What Is Hugo’s Amazing Tape?

Hugo’s Amazing Tape is a great PVC tape that solves many common household problems. You can use it for various things, such as wrapping gifts and holding boxes together. However, the tape does not have sufficient adhesive in many cases.

The tape leaves no residue behind, is strong, and is long-lasting. It has many uses, including wrapping potlucks, needlework, tying wires and codes, and more. 

Hugo’s Amazing Tape Shark Tank Update

You can use Hugo’s Amazing Tape in a freezer or microwave. You can use it to wrap potlucks, make needlepoint, and binding wires and codes. 

Company NameHugo’s Amazing Tape
EntrepreneurKatherine Saltzberg And Lauri Fraser
ProductSelf-clinging, non-adhesive tape
Investment Asking For$50,000 For 50% Hugo’s Amazing Tape
Final Deal$50,000 For 100% Hugo’s Amazing Tape
SharkMark Cuban And Lori Greiner
Episode Season 9 Episode 23
Business StatusIn Business
WebsiteVisit Website

Who Is The Founder Of Hugo’s Amazing Tape?

Hugo Maisnik is the founder of Hugo’s Amazing Tape. The inspiration came to him when he picked up his father’s packages for his printing business and saw that all the contents had been destroyed except for a single piece of plastic.

He was inspired by the section, imagining an extremely hard tape and the Amazing Tape concept. Hugo searched for a flexing tape suitable for wrapping posters and reels of thick paper. 

After experimenting with different plastic widths, finding the perfect plastic width took him a while.

He toured trade exhibits, living rooms, and fairs across the country to share his video with the world. He invited everyone to feel the tape at each event.

He acquired a sizable collection of tapes for which he frequently sold the amount he had with him. Many people were astonished by the versatility of his tapes.

Hugo’s Amazing Mask made its world premiere at the INPEX convention in 2002. Manik got numerous proposals from dealers following the debut but elected to continue operating independently of the corporation.

Hugo’s Amazing Tape was introduced to Amazon in 2014. Between 2015 and 2017, they generated $500,000 in revenue and $27,500 in revenue from 2017 to July 2018.

Hugo’s Amazing Tape Before Shark Tank

Hugo Maisnik has always been a dreamer and innovator. The idea for his Amazing Tape came to him after he received a shipment with all of its contents destroyed except for one piece of plastic at his father’s printing shop.

This plastic scrap inspired Hugo to create the idea for Hugo’s Amazing Tape, a strong tape without glue.

He sold the non-adhesive, transparent tape at trade shows and in living rooms across the country.

The Saltsburg and Frasier daughters of Hugo saw their parents go to great lengths to ensure that Hugo’s Amazing Tape was a success.

The Shark Tank welcomes two entrepreneurs with a new product inspired by their fathers. 

Despite the death of their father last year, Hugo’s daughters are carrying on their father’s mission.

The two actresses hope the Sharks can provide them with investment funding and valuable business advice.

The business is Hugo’s Amazing Tape. They are seeking $50,000 for 50% ownership in the company. The product is tape. However, this remarkable tape can resolve any of your sticky issues.

The tape adheres only to itself since it is self-adhesive. Kathryn describes it as “super-strong.”

Lauri and Kathryn repeatedly pull the tape, demonstrating its tenacity. The veins protrude from the necks of each woman, and they do pull. The tape, crimped but not broken, falls as they unwind.

Lauri says it will remain intact until it is dismantled. Lauri throws a few books wrapped in the tape into the air, catches them, and effortlessly unwinds them. Enough with the madness! Kevin screams.

However, there is more lunacy – the tape leaves no sticky residue. The tape is remarkable in that it returns to its original state just as it was. 

Hugo’s Amazing Tape is incredibly versatile and has a plethora of applications.

They will demonstrate various applications! You can use it to secure the contents of your potluck, ensuring that nothing spills in the car. It is freezer and microwave safe. 

Additionally, it wraps around embroidery threads.

Hugo’s Amazing Tape is ideal for use around plants and ties together wires and extension cords. 

The two women summon Mark’s attention by elevating a basketball wrapped in an air pump. That brings a big laugh from Mark.

Hugo’s Amazing Tape can even be wrapped around wrapping paper! There are countless applications and markets, and they are a year-round item. 

How Was The Shark Tank Pitch Of Hugo’s Amazing Tape?

Katherine and Lauri appeared on Shark Tank requesting an investment of $50,000 in exchange for a 50% stake in Hugo’s Amazing Tape. 

Mark Cuban and Lori Greiner offered $50,000 for 100% ownership of Hugo’s Amazing Tape.

Katherine and Lauri accepted Mark Cuban and Lori Greiner’s proposal of buying the whole company.

Final Deal: Mark Cuban and Lori Greiner agreed to purchase 100% ownership of Hugo’s Amazing Tape for $50,000.

What Happened To Hugo’s Amazing Tape After Shark Tank?

You can find Hugo’s Amazing Tape at various stores and even at Walmart.

Hugo’s Amazing Tape is the biggest accomplishment for a product to land in such a giant retailer.

The tape is called Hugo’s Amazing Tape, it can be purchased online through Walmart or Amazon, and small hobby stores will also carry it.

Hugo’s Amazing Tape is available in 50-inch sections, cut to any desired length, and comes in widths of half an inch, two and eighteen inches, or two inches.

Even though it looks like there is a shortage of Hugo’s Amazing Tape, the price is already very high on Amazon.

Its unclear whether the Hugo’s Amazing Tape shortage is temporary problem or Mark and Lori has decided to drop the product after recouping their investment.

Hugo’s Amazing Tape Shark Tank Update

Hugo’s Amazing Tape is still in business and generates $3 million in revenue annually.

Hugo’s Amazing Tape Shark Tank Update

Hugo’s Amazing Tape is now available at Walmart and online. It is also available on Amazon.

Hugo’s Amazing Tape is available in many sizes and colors. You can find it in your nearby hobby store as well.

Mark and Lori have left the business because they sold it after they received their money back. They sold Hugo’s Amazing Tape album to them once they received their money back.

Hugo’s Amazing Tape was very successful. His legacy is alive. Hugo must be proud that his daughters have been able to do well on national television and that Hugo’s Amazing Tape is a success.

Hugo’s Amazing Tape is a story chronicling Hugo’s life and attempts to sell Hugo’s Amazing Tape back when it was just an idea.

Is Hugo’s Amazing Tape Still In Business?

Following its appearance on Shark Tank, Hugo’s Amazing Tape disappeared for a time.

However, with the help of Mark and Lori, Katherine and Lauri brought the Amazing Tape back to life and preserved Hugo’s legacy.

You can purchase Hugo’s Amazing Tape at Walmart, retail stores, online, and other small supermarkets.

What Is the Net Worth of Hugo’s Amazing Tape?

The valuation of Hugo’s Amazing Tape was $100,000 when it appeared on Shark Tank. The net worth of Hugo’s Amazing Tape is $3 million as of 2022.

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