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16-May-2015 11:44

Entrepreneurs who land a spot on ABC's hit show "Shark Tank" get the chance of a lifetime: to showcase their products to more than 7 million viewers and pitch their businesses to a panel of potential investors.And if an investor, or Shark, likes their ideas, they try to negotiate offers and seal the deals with golden handshakes.Since its television debut, Scrub Daddy has raked in more than million.

Where are they now: After Greiner made the deal with Krause for 20 percent, Scrub Daddy became the biggest "Shark Tank" success to date, reports Business Insider.

When Krause landed a spot on "Shark Tank," his company was struggling, reaching only 0,000 in sales in 18 months.

Concept: Scrub Daddy is a smiley face-shaped sponge that can outlast many average sponges.

It also comes in a lemon scent and multiple colors.

Krause is on a mission to "reinvent the sponge," and the Scrub Daddy line has expanded to include various sizes.In an interview with GOBanking Rates, Krause shared a few tips on how other entrepreneurs can perfect their pitches.

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