Spy Escape and Evasion Shark Tank Net Worth 2023
Jason Hanson, the founder of Spy Escape and Evasion, went into Shark Tank seeking $100,000 in exchange for a 15% stake in his company. This equated to a $666,666.67 valuation of his company.
Ultimately, he accepted Daymond’s offer of $150,000 for 45% stake which implied that Daymond valued the company at $333,333.33.
Since appearing on Shark Tank, Spy Escape and Evasion has experienced tremendous growth and success as they have secured additional funding and partnerships leading to a net worth of 1 Million USD as of 2023.
What is Spy Escape and Evasion?
Spy Escape and Evasion is a company that provides survival training, and it was established by Jason Hanson, a former CIA agent. Jason Hanson was raised in the Washington, D.C., metropolitan area and developed an interest in law enforcement.
Although he applied to both the Secret Service and CIA, he was eventually hired by the Arlington, Virginia police department. However, he was later accepted by both the CIA and Secret Service, and he chose to work for the CIA because of their excellent employee benefits.
As a CIA field agent, he was able to fulfill many of his childhood dreams, but the demanding lifestyle took a toll on family life, resulting in 80% of field agents getting divorced.
Not wanting this for himself or his family, and also not wanting to spend 30 years as an analyst shackled to a desk, he left the CIA and moved to Utah with his wife to start a family and create the Concealed Carry Academy.
After developing the curriculum, he began offering Spy Escape classes, primarily to business executives who were traveling abroad for work. However, as many of these individuals returned and recommended the course to their spouses, he wanted to expand the offering to a wider audience.
While the majority of his students are conservative American males, ranging in age from nine to seventy, he has also taught children, executives, and soccer moms. Overall, Jason Hanson is the founder of Spy Escape and Evasion.
What happen to Spy Escape and Evasion at the Shark Tank Pitch?
During Shark Tank Season 5 Episode 18, Jason Hanson pitched his company and asked for a $100,000 investment in exchange for a 15% stake. This would value his company at $666,666.67.
Jason’s company had total sales of $306,000 and profits of $128,000. However, during his pitch, Barbara duct-taped his hands, and he used zip ties to demonstrate how to escape them.
The sharks expressed concerns about the inconvenience and expense of Jason’s business model, which required people to travel to a single location for his seminars. They suggested selling the seminars as standalone events and bringing them to people instead.
Robert offered Jason $100,000 for a 50% stake but wanted him to change the business model entirely. Mark liked the concept but was out, while Daymond offered $150,000 for a 45% stake and suggested focusing on suburban moms and families.
Spy Escape and Evasion after the Shark Tank Pitch
Jason stated that he had completed the contract with Daymond, who he described as a fantastic and down-to-earth partner. They have kept in touch by talking or emailing once a week since signing the agreement.
The exposure from appearing on Shark Tank also helped Jason’s business. He said that their website traffic increased dramatically, resulting in $200,000 in sales in just one week, which usually takes eight months to achieve.
Partnering with Daymond was a significant help for Jason, as he is not an online marketing expert, and Daymond provided valuable assistance in that area.
The Spy Escape and Evasion approach remains popular, and Jason has appeared on several programs, including Dateline NBC, Rachael Ray’s talk show, The Today Show, and Forbes’ website.
The 2016 spy camp is completely sold out, but bookings for 2018 are still being accepted. Spy Escape and Evasion now offers a wider range of events, including an Advanced Spy Course, an Escape & Evasion Driving Experience, and the Ultimate Spy Week.
The Spy Escape and Evasion website is regularly updated with blogs and articles covering similar themes to their teachings, as well as resources related to self-defense. The website also includes a link to their store, which offers a 10% discount on the entire Spy store.
Spy Escape and Evasion Net Worth
Jason Hanson enters Sharks Tank seeking $100,000 in exchange for a 15% stake in his company. This equates to $666,666.67. He accepted an offer from Daymond of $150,000 for 45% stake thus implying a $333,333.33 valuation.
Spy Escape and Evasion Competitors
There is no competitor identified for Spy Escape and Evasion.
Spy Escape and Evasion FAQS
What is Spy Escape and Evasion?
Spy Escape and Evasion is a survival training company.
Who is the founder of Spy Escape and Evasion?
How much was he asking in the Shark Tank?
$100,000 in exchange for a 15% stake in his company.
Did he get a deal from the Sharks?
He accepted an offer from Daymond of $150,000 for 45% stake.
Is Spy Escape and Evasion in business?
Yes, they are in business.
Where is Spy Escape and Evasion Headquartered?
Spy Escape and Evasion is headquartered in Cedar City, Utah.
What was the Shark Tank Episode?
Episode18, Season 5 that aired on February 21, 2014.
Is Jason Hanson a CIA officer?
Jason Hanson is a former CIA officer, security specialist, and Shark Tank champion on ABC. Spy Secrets That Can Save their Life, his debut book, was a New York Times best-seller.
How do Spy Escape and Evasion make money?
Spy Escape and Evasion makes money by hosting spy camps.
Where can they find the Spy Escape and Evasion?
They can visit their website www.SpyEscapeAndEvasion.com
What are the strengths of Spy Escape and Evasion?
Spy Escape and Evasion is a very unique company that has proved to be successful.
What are the weaknesses of Spy Escape and Evasion?
Although the concept of hosting spy camps is a good idea, it is not the right business for all people.
What is the net worth of Jason Hanson?
Where is Spy ranch?
Jason Hanson, a former CIA officer and New York Times bestselling book, created the game. They offer four distinct activities on our 320-acre Spy Ranch, including spy driving, spy pistol, spy rifle, and spy escape & evasion.