Iretron Shark Tank Net Worth (Before and After Shark Tank)

iReTron, a company specializing in electronic recycling, made waves when it appeared on the popular TV show Shark Tank in 2014. Founded by Jason Li in 2010, iReTron aimed to revolutionize the recycling industry with its convenient online platform. The company’s net worth before its Shark Tank appearance was $1 million, but after a successful pitch, it secured a deal with investors Mark Cuban and Barbara Corcoran for $100,000 in exchange for 20% equity. At the time of the deal, iReTron’s net worth stood at $500,000.

Key Takeaways:

• iReTron is an online platform for electronic recycling founded by Jason Li.
• In 2014, iReTron appeared on Shark Tank and secured a deal with Mark Cuban and Barbara Corcoran for $100,000 for 20% equity.
• Before Shark Tank, iReTron’s net worth was $1 million, while after the deal, it reached $500,000.
• iReTron ceased operations in 2019.
• Jason Li, the founder of iReTron, was a young entrepreneur who started the company at the age of 16.

iReTron Net Worth Timeline

iReTron’s net worth has undergone significant changes throughout its history, particularly after its appearance on Shark Tank. Let’s take a closer look at the timeline of iReTron’s net worth:

Before Shark Tank (2014)

Prior to its appearance on Shark Tank, iReTron had already achieved a commendable net worth of $1 million. This valuation was a testament to the success and potential of the online electronic recycling platform founded by Jason Li in 2010.

After Shark Tank (2014)

Following iReTron’s pitch on Shark Tank, the company secured a deal with Mark Cuban and Barbara Corcoran. They invested $100,000 in exchange for a 20% equity stake in the business. This partnership resulted in significant growth for iReTron, boosting its net worth to $500,000. The exposure and support from the Shark Tank platform undoubtedly played a crucial role in the company’s success.

Out of Business (2019 and beyond)

Unfortunately, despite the promising trajectory, iReTron ceased operations in 2019. As a result, its net worth is labeled as “Out of business” since then and in the future. It serves as a reminder of the challenges and uncertainties that can impact even the most promising ventures.

Year	Net Worth
2014 (Before Shark Tank)	$1 million
2014 (After Shark Tank)	$500,000
2019 and beyond	Out of business

While iReTron’s journey ultimately came to an end, its appearance on Shark Tank and the subsequent investment showcase the potential for success that exists within the electronic recycling industry. It serves as an inspiration for aspiring entrepreneurs in the field, reminding them of the opportunities and challenges they may encounter along the way.

iReTron Pitch on Shark Tank

During the Shark Tank pitch, iReTron’s founder, Jason Li, presented the company as an online platform for electronic recycling. He highlighted the importance of responsible e-waste disposal and the potential for profit in the growing industry. Jason showcased iReTron’s user-friendly website and explained how customers could easily sell their unwanted electronics through the platform.

Seeking an investment of $100,000 for 10% equity, Jason’s pitch captured the attention of the Sharks. Mark Cuban and Barbara Corcoran recognized the potential of iReTron and made a counter offer of $100,000 for 20% equity. Impressed by their valuation and the expertise they could bring to the table, Jason accepted the deal.

The iReTron pitch took place in Season 5, Episode 20 of Shark Tank. In the episode, Jason showcased his passion for environmental sustainability and his drive to make a positive impact on the e-waste problem. As the founder of iReTron, Jason Li demonstrated his entrepreneurial spirit and innovative thinking to the Sharks.

Shark Tank Episode: Season 5, Episode 20

Founder	Company	Ask	Deal	Equity
Jason Li	iReTron	$100,000	Mark Cuban & Barbara Corcoran	20%

Through their investment, Mark Cuban and Barbara Corcoran provided iReTron with the necessary capital and strategic guidance to propel the business forward. However, despite the initial success and growth following the Shark Tank appearance, iReTron faced challenges that eventually led to the company ceasing operations in 2019.

Note: All information presented is based on historical data and may not reflect current circumstances or developments.

References:

1. “Shark Tank” Season 5, Episode 20 (TV Episode 2014) – IMDb
2. iReTron – Crunchbase Company Profile

iReTron Founder and Key Accomplishments

Let’s dive into the story behind iReTron and its visionary founder, Jason Li. At the young age of 16, Jason Li created iReTron in 2010, driven by his passion for electronic recycling. His entrepreneurial spirit and determination led him to build a successful online platform that aimed to make a positive impact on the environment.

Despite facing challenges along the way, Jason’s hard work and dedication paid off when iReTron gained the attention of the renowned TV show, Shark Tank. The opportunity to pitch his business to a panel of influential investors was a significant milestone for Jason and iReTron.

Securing a deal with Mark Cuban and Barbara Corcoran, iReTron’s appearance on Shark Tank was undoubtedly one of its key accomplishments. This partnership not only provided financial support but also brought valuable expertise and guidance to the company.

Reaching New Heights

With the support of Shark Tank, iReTron experienced rapid growth and expanded its reach across the electronic recycling industry. The exposure from the show allowed iReTron to establish a strong presence and gain the trust of customers.

Jason’s leadership and forward-thinking approach played a vital role in driving the success of iReTron during this period. His vision for sustainability and commitment to providing a convenient platform for electronic recycling resonated with consumers and helped differentiate iReTron from its competitors.

Unfortunately, iReTron ceased its operations in 2019, marking the end of an era for this innovative company. Nevertheless, Jason’s journey as an entrepreneur and his achievements with iReTron continue to inspire others in the industry.