During the Shark Tank, one of the earliest contenders for the title of ‘best shark’ was the founder of InchBug, a company that manufactures the Original Orbit Label, a stretch and release band that can be personalized with a child’s name. The label has many uses, including for daycare centers, schools and big families. InchBug also makes MyDrinky, an adjustable juice box holder that prevents your kids from squeezing the juice boxes, the cliche.
InchBug’s latest venture is a partnership with national baby retail chain, Buy Buy Baby, that will see the company’s wares stocked in hundreds of stores nationwide. The deal is worth a mention in its own right, not just because of the cash infusion, but also because of the marketing oomph of having an official Shark Tank product in your store. InchBug’s official website is pretty well done, and the company has a lot of social media channels to keep you updated with news and sales.
One of the better innovations from InchBug is the Orbit Label, a stretch and release label that can be personalized with a child’s initials. It’s got a lot of features, but the best part is that you can reuse it for years to come. The original Orbit Label isn’t adhesive-based, so it’s very easy to take apart and reassemble. The label is probably a bit pricier than your average label, but you won’t have to replace it for the rest of your child’s life. InchBug also makes a lot of other baby and toddler products, ranging from bath mats to diaper bags. InchBug’s official website, which can be found at the bottom of the page, is a good place to start, and the company has been in business since 2005.
The company also has a few other cool innovations, such as the MyDrinky, an adjustable, two-piece juice box holder that stops your kids from squeezing the boxes and making a mess. The company also manufactures a few other novelty items, such as MyDrinky’s smallest sibling, the Orbit Label. The Orbit Label is also the most expensive of the bunch, but it’s not bad, considering it’s made from durable, flexible plastic. InchBug has a pretty impressive net worth as of this writing, with the founder’s personal net worth sitting at 5 million USD. While the company may not be in for a major windfall, it’s still a good investment for any parent. And it’s the small company’s best asset.
InchBug is only a dozen years old, but has already received a significant amount of publicity in the business world. It’s the most popular kid’s brand in the U.S., and has a slew of great partners. As for its finances, the company is debt free.