Young mother Nicole Townsend of Huntington Beach, California came up with a way to wash her daughter’s dirty stuffed animals. She invented Teddy Needs a Bath, a cotton bag to accommodate teddy bears and other stuffed animals in the washing machine and dryer. When the cycle is done, unzip the bag and voilà, Teddy will look and smell as good as new. The bag sells for $15.
Townsend took her invention on Shark Tank where she negotiated a deal with billionaire Mark Cuban. He invested $100k for 30% of the company, and a 10 percent royalty until he gets his investment back.
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