Shark Tank Success Story – Barbara Lampugnale and Nail Pak

If you watch Shark Tank on ABC, chances are you know Barbara Lampugnale from West Hartford, Connecticut’s Duality Cosmetics who scored an investment from Lori Greiner for her revolutionary three-in-one nail polish product dubbed Nail Pak. Her groundbreaking travel-friendly product incorporates nail polish, file and pre-soaked remover pads into one convenient bottle – something which has proven very successful since debuting on Shark Tank! Since its appearance, this game-changing invention has enjoyed tremendous success!

Barbara presented Nail Pak to the Sharks on Episode 314 and revealed how it came about: she designed it after struggling to take off nail polish quickly with her daughters while painting their nails one day, sparking the idea for a compact kit containing all necessary items in one small package – something her daughters thought could become a million-dollar business opportunity.

Barbara had already seen some success selling to major retailers like JCPenney and Bed Bath & Beyond before approaching the Sharks with her business idea. Additionally, she had filed for patent protection and set up manufacturing inventory when approaching them – an advantage over many of her fellow entrepreneurs on the show who might not have the financial means necessary to invest heavily in their companies before pitching to them.

After pitching her product on Shark Tank, Barbara quickly struck a deal with Lori Greiner for $50,000 in exchange for 20% of her company. Lori was immediately impressed by Barbara’s product and saw value in its company; consequently she agreed to invest. As soon as Lori saw how quickly Barbara could market their product through contracts with QVC and Ulta Beauty she introduced their product so it can now be sold in over 500 locations nationwide.

Duality Cosmetics may have achieved success, yet its future may still not look so bright. Even with Lori on board as an advisor, roadblocks may prove too daunting to overcome. Lori’s involvement with this growing company speaks to how valuable her contributions can be to businesses looking to expand. Greiner has been an integral part of many Shark Tank successes, such as Scrub Daddy. She made an initial investment during its inaugural year on Shark Tank and now sells over 42,000 sponges per minute through QVC; making Scrub Daddy one of her largest investments to date. Additionally, Greiner has provided valuable advice and feedback to numerous startup businesses as they establish themselves; along with helping grow these enterprises more rapidly while also helping negotiate more favorable terms from manufacturers.