FiberFix is repair tape made of a special blend of resin and industrial fibers. It claims to be 100 times stronger than duct tape. All you do is dip a strip in water – to activate the resin – and then wrap it around a leaky pipe, a broken shovel or rake, a cracked water hose, even broken furniture. It hardens in about five minutes. Customers can also sand it and paint it if so desired. “Now you can fix anything is the tagline” but there is one catch — you don’t want to touch it. You need to wear gloves because it’s sticky and difficult to get off.
The two FiberFix founders, Eric Child and Spencer Quinn, pitched their business on Shark Tank in 2013. They received three offers from Robert Herjavec, Lori Greiner, and Kevin O’Leary. The Sharks argued about who would buy it and where — women watching QVC or men at hardware stores. After a very awkward negotiation – they throw in a request for a $2 million line of credit at the end! – the founders made a deal with Greiner, who btw did not give them the line of credit. Today, FiberFix can be purchased at most Home Depots and on Amazon. Note: Lori Greiner did go on QVC with Fiber Fix and the product sold out during its first appearance.