Hopscotch Shark Tank Net Worth 2023
Hopscotch, an educational app founded by Samantha John, was pitched on Shark Tank in November 2022 and received a deal from Mark Cuban.
In 2021, the startup projected a revenue of $3 million. As of February 2023, Hopscotch is worth $5 million and Samantha John has a net worth of $1.8 million.
The Hopscotch App itself is estimated to be worth around $2.5 millon as of September 2021. The YouTube channel associated with Hopscotch is estimated to have a net worth of $920,000 as of February 2023.
What is Hopscotch? Who is the Founder of Hopscotch?
Hopscotch is an online coding application that simplifies the process of creating scripts by allowing users to drag and drop coding blocks. These scripts can then be converted into games that children can share with others on the app or online.
It provides a step-by-step approach to learning computer coding with its bright, colorful graphics and user-friendly interface, making it ideal for young and inexperienced coders.
Hopscotch is currently one of the most popular programming apps and may help students improve their coding abilities.
Samantha John, the co-founder and CEO of Hopscotch and head of the Hopscotch Technologies section, was born in Dearborn and raised in Detroit’s Woodbridge district.
She holds a degree in Applied Mathematics from Columbia University in New York and was named one of Forbes’ “35 Women under 35 Who Are Changing the Tech Industry” in 2014.
Samantha John appeared on Shark Tank Season 12 Episode 15 to pitch her company for investment. She explained the startup’s feature growth strategy to the investor and invited him to invest in the firm.
She was seeking a $400,000 investment in exchange for 4% of the company’s stock, and eventually, Mark Cuban, a Shark Tank investor, sealed the deal for an 11% stake in the firm for a $550,000 investment.
Hopscotch is a coding app that teaches kids and teens how to create apps, games, and art. The app’s interface is kept simple to ensure that children can use it effectively.
It allows users to create games, stories, and art to improve their development skills. Children are assigned various tasks to learn coding so they can enhance their programming abilities.
Hopscotch is currently available for Apple users, and an Android version will be released soon. Samantha John is the co-founder and main brain behind Hopscotch Technologies, a computer software company.
She earned her bachelor’s degree in Applied Mathematics from Columbia University, where she also minored in English and Comparative Literature.
She worked as a programmer at Pivotal Labs after graduating and as an Entrepreneur in Residence at YouWeb Incubator.
One year into her professional programming career, she formally established the award-winning app, Hopscotch, though she had been interested in programming and development for years prior.
Hopscotch Shark Tank Pitch
Samantha John, an entrepreneur from Brooklyn, New York, appeared on the twelfth season of the TV show “Shark Tank” to showcase Hopscotch, a software designed to teach kids between the ages of 6 and 16 how to code.
Samantha was seeking $400,000 investment in exchange for a 4% stake in Hopscotch, which would value the company at $10 million.
During the show, Samantha convinced billionaire investor Mark Cuban to invest $550,000 in Hopscotch in return for an 11% stake, which valued the company at $5 million. Mark was already familiar with the software because his own children had used it.
Since the episode aired in February 2021, the number of downloads of Hopscotch has increased by around 500%. At the time of the show, the software was priced at $8 per month or $80 per year.
Hopscotch Net Worth
Hopscotch App’s net worth is estimated to be $2.5 million in 2021.
What are the benefits of Hopscotch?
Hopscotch teaches kids to think, improves their creativity, and develops problem-solving skills while having fun creating and playing games on the iPad and iPhone.
Who can use Hopscotch?
Hopscotch is intended for young people aged 10-15, but anyone who wants to learn to code or create their own games can use it.
When was Hopscotch founded?
Hopscotch App Startup was founded in 2012 by Samantha John.
Who owns the Hopscotch app?
Samantha John is the owner as well as the co-founder and CEO of Hopscotch. She also act as the head of the Hopscotch Technologies department.
What’s the deal?
After some back-and-forth, Mark Cuban agree to a deal at $550,000 for 11 percent – a $5 million valuation.
Which shark tank episode was Hopscotch?
In Shark Tank episode 1212, Samantha John introduces the Sharks to Hopscotch, her coding app for kids.
What is Kaleidocosmos?
On the device is a Hopscotch-created game called Kaleidocosmos, a drawing game that repeats drawings eight times to create a kaleidoscopic image that has received 2.4 million plays in the five years since it was created.
What is the business model?
Following the app’s initial launch, John implemented a subscription model in 2015 to gain access to exclusive features, and he now has over 6,000 subscribers.
What’s the issue with a paywall?
She wants to get rid of the paywall and instead rely on the app’s internal currency model, with the goal of eventually allowing users to cash out the currency they’ve accumulated from other players, a move that investors have questioned.
Where Can I Find Hopscotch?
Hopscotch can be downloaded on any Apple or Android device. Although it is a free app, certain advanced functions require a fee or additional costs.
What is the purpose of Hopscotch?
The app is a step-by-step guide for kids ages 10 to 16 to learn user-friendly coding.
The basic app and learning, on the other hand, are free, which makes the product even more appealing.
What was the deal?
Initially, Cuban offered John $400,000 in exchange for a 16 percent stake in the company. After some discussion, he and John decided on a $550,000 investment for an 11 percent stake in the firm, valuing it at $5 million.
Which shark tank episode features Samantha John?
On Season 12 of Shark Tank, entrepreneur Samantha John of Brooklyn, New York pitched Hopscotch, a subscription-based app that teaches kids (ages 6-16) how to code.
What sets Hopscotch apart from other apps?
Hopscotch is a creative coding app designed for those aged 10-16 that can be used by both children and adults. It is basically a coding app for kids and teens.
The interactive, arcade-style coding app has taught users how to make a variety of games, including growing a garden and creating one’s own version of Fruit Ninja.
It also introduced a new method of coding music using a few simple steps on the app in May 2020, which became available on the new MacBook in November 2020.
HopScotch is not a traditional children’s game, but it is coding app with game for children.
Samantha John is a business owner of a coding app that allows children to create games. She went to the shark tank show seeking $400,000 in exchange for 4% equity.
How much does Hopscotch cost?
At the time of the pitch, the app was $8 per month or $80 per year.
What are her plans for the app?
Samantha hopes to eliminate the subscription service model and replace it with an in-app currency in the future.
What happened on Shark Tank?
Samantha John appeared on Shark Tank Season 12 Episode 15 in search of $400,000 for a 4 percent stake in her programming app for kids, Hopscotch.
She got $550,000 investment for an 11 percent stake in the firm from Mark Cuban.
Who are the current team members?
The app’s team has grown to include a number of talented and passionate individuals, including product leader and software manager Liz Robuck and creative and Princeton graduate in Computer Science Yuanyuan Zhao.
Who is Jocelyn Leavitt?
Jocelyn Leavitt worked as a teacher at the Dalton School in New York City before collaborating with Samantha to fulfill Samantha’s desire to teach children more about engineering.