Trobo Shark Tank Net Worth 2023
The net worth of Trobo is unknown as of 2023 since the company went out of business in 2017. The valuation of Trobo was $1 million when it appeared on Shark Tank.
According to , Trobo’s founders Jeremy Scheinberg and Chris Harden have a net worth of 5 Million USD as of 2022.
However, this information is not consistent with the other sources that state that the company went out of business in 2017 and its net worth is unknown. Therefore, it is unclear whether Trobo’s founders have a net worth or not.
What is Trobo? Who is the founder of Trobo?
Trobo is a talking plush robot that focuses on stimulating children’s interest in science, mathematics, technology, and engineering (STEM), but does not provide extensive education in these areas.
It works in conjunction with an iPad app, and uses interactive games, stories, and quizzes to engage children’s curiosity.
Trobo was created by two Orlando-based engineers who previously worked in the development of theme parks and gaming environments.
Jeremy Scheinberg, who has experience working with Disney, NBC, and Universal, and Chris Harden, who was a development director at EA Sports, conceived the idea for Trobo after they became parents and began to think about the impact of the world on their children.
Jeremy was concerned about his daughter Sophia’s growth as she spent hours learning to be a princess, and wanted to share his passion for technology and engineering with her.
Trobo was born after they met at an Orlando startup event. Initially, they planned to build a programmed robot, but they eventually decided to create a talking plush robot that could be used with an iPad app.
Trobo’s stories explain concepts to children, such as “Why do birds fly?”, “How do smartphones work?”, and “What is lightning?” While Trobo may not provide in-depth STEM education, it serves as an entertaining and interactive introduction to these topics.
Trobo Shark Tank Pitch
In episode 23 of season 7 of Shark Tank, Jeremy Scheinberg and Chris Harden present Trobo, a plush robot that interacts with a companion app to offer STEM-related stories to children.
They are seeking a $100,000 investment for a 10% stake in Trobo at a $1 million valuation. Trobo costs $59.95 and comes with five stories.
Despite having 600 orders from small and medium-sized retailers and media coverage, Mark Cuban, Kevin O’Leary, Daymond John, and Lori Greiner are not convinced of Trobo’s potential in the market.
Only Robert Herjavec sees it as a “content delivery product” that DreamWorks might be interested in. He offers $100,000 for 33% equity in the company in exchange for a licensing deal with DreamWorks.
Chris counters with a $166,000 offer for the same equity. The deal is sealed, but it eventually falls apart due to undisclosed reasons, and the company goes out of business in 2017.
However, the couple writes a book titled Little Robot, Big Dreams: The Highs, Lows, and Lessons Learned of a Toy Startup about their experience, which is available on Amazon.
Competitors of Trobo
The main competitors of Trobo are; Anki, Furhat Robotics, BrainPOP, BOOKR Kids among others.
Net Worth of Trobo
The company was valued at $1 million during the pitch, since then the company went out of the business in 2017 and hence the company net worth is unavailable.
Trobo Shark Tank Updates
TROBO is a plush robot toy that teaches children about STEM subjects through an accompanying app. The toy was developed by Jeremy Scheinberg and Chris Harden, who got TROBO off the ground with a successful Kickstarter campaign in 2014.
TROBO tells stories that answer kids’ questions about the world around them, such as “What is lightning?” and “How do birds fly?”. The robot reads the stories, which feature the child, from an animated “book” displayed on an iPad.
TROBO appeared on Shark Tank in 2016, where Scheinberg and Harden asked for $100,000 for 10% equity. Although they did not close a deal with Robert Herjavec, they continued to sell TROBO through Amazon and their website.
However, in 2017, the company went out of business due to difficulties in developing the product, including sourcing manufacturing capable of increasing demand and developing the software.
As of 2023, TROBO is no longer in business. While the company enjoyed some success after appearing on Shark Tank, it ultimately faced challenges that led to its closure.
Summary table for Trobo:
| INFORMATION | DETAILS |
| What is Trobo? | A talking plush robot that focuses on stimulating children’s interest in STEM through interactive games, stories, and quizzes using an iPad app. |
| Who founded Trobo? | Jeremy Scheinberg and Chris Harden, two Orlando-based engineers who previously worked in the development of theme parks and gaming environments. |
| Trobo Shark Tank Pitch | In season 7, episode 23 of Shark Tank, Jeremy Scheinberg and Chris Harden asked for a $100,000 investment for a 10% stake in Trobo at a $1 million valuation.
Robert Herjavec offered $100,000 for 33% equity in exchange for a licensing deal with DreamWorks. The deal eventually fell apart and the company went out of business in 2017. |
| Trobo’s competitors | Anki, Furhat Robotics, BrainPOP, BOOKR Kids, and others. |
| Trobo’s net worth | The company was valued at $1 million during the Shark Tank pitch, but its net worth is unknown as it went out of business in 2017. |
| Trobo Shark Tank updates | The company went out of business in 2017 due to difficulties in developing the product, including sourcing manufacturing capable of increasing demand and developing the software. |
| Trobo FAQs | Trobo is a plush robot toy that teaches fundamental STEM concepts and connects wirelessly to an iPad or iPhone app.
Children can create an avatar that becomes part of Trobo’s personalized stories and lessons. The toy is available in two different models, Edison and Curie. |
Trobo FAQs
What Is Trobo And How Does It Work?
TROBO is a plush robot toy that teaches fundamental science, mathematics, technology, and engineering (STEM) concepts. It was created by Jeremy Scheinberg and Chris Harden, two fathers seeking an entertaining way to teach their children about STEM topics.
TROBO connects wirelessly to an iPad or iPhone app and reads stories aloud as children follow along. The app teaches science and math lessons like “How Does a Car Work?” and “What is Lightning?” and also plays games like Hot Potato and Hide and Seek.
Children can create an avatar who becomes part of TROBO’s personalized stories and lessons, so they can see themselves on the screen as they listen to TROBO read, who calls them by name.
TROBO is a vocal plush robot that teaches fundamental STEM concepts. It is available in two different models, Edison and Curie, and is a duo addition through which children can play and study with them.
TROBO is a high tech but huggable stuffed plush robot that reads stories aloud as children follow along in the iPhone or iPad app. TROBO also answers kids’ questions like “How does the iPhone work?” and “How do birds fly?”.
However, TROBO is no longer in business as of 2023. The pair had difficulties developing the product, including sourcing manufacturing capable of increasing demand and developing the software.
Who is the founder?
The founder of Trobo is Jeremy Scheinberg, who is a former Marine. He runs the company with his spouse and co-founders, Mark Harden and Alexis Diggins.
What Was The Outcome Of The Trobo Shark Tank Pitch?
The outcome of the Trobo Shark Tank pitch was mixed. The deal with Robert Herjavec never closed1. Trobo was funded on Kickstarter in 2014. The company enjoyed some success after the show, and Trobo’s price came down.
The pair continued to sell Trobo through Amazon and their website, and they were still hoping to license their “content delivery platform” at some point in the future.
However, Trobo went out of business in 2017 due to difficulties in developing the product, including sourcing manufacturing capable of increasing demand and developing the software.
What Happened To Trobo After Its Appearance At The Shark Tank?
After appearing on Shark Tank, Trobo enjoyed some success, but the company went out of business in 2017 due to difficulties in developing the product, including sourcing manufacturing capable of increasing demand and developing the software.
However, the pair continues to sell Trobo through Amazon and their website, and they are still hoping to license their “content delivery platform” in the future. Trobo is a plush robot toy that teaches children about STEM (Science, Technology, Engineering, and Mathematics) concepts through stories, games, and quizzes.
It connects wirelessly to a device and has an accompanying application that provides stories in response to children’s quizzes, such as “How do birds fly?” or “What is the operation of a smartphone?”.
Trobo was invented by Jeremy Scheinberg and Chris Harden, two fathers seeking an entertaining way to teach their children about STEM topics.
How much were asking on Shark Tank?
They were asking for $100,000 for 10% stake of their company.
How much was the deal?
Robert Herjavec offered $166,000 for 33% ownership of the company, but they never finalized the deal.
Is Trobo still in business?
No, it is out of business, as the company is not able to sustain in Shark Tank Effect.
What is Trobo’s phone number?
There isn’t any phone number available for Trobo.
What are their revenue sources?
They have used revenue from Kickstarter for the deposit on inventory (which was returned to the Crowdfunding campaign contributors). They plan to roll out more toys toward the end of 2018, which will generate revenue from sales at retail locations.
What is Trobo educational toy?
The Trobo educational toy is programmable toys that interact with children via an app. They offer a blend of learning opportunities for youngsters in the fields of Science, Technology, Engineering, Arts and Math to aid in their cognitive development through exciting stories and fun activities.
Was Trobo working?
Yes, Trobo was working.
Was Trobo safe of Kids?
Yes, Trobo was safe for Kids.
How does Trobo work?
Trobo works by downloading stories, audio books and games from the company’s website and the app unlocks content via a secure code. The toy requires a tablet for use.
What is the goal of Trobo?
The goal of Trobo is to help children discover the world through STEM learning with interactive stories, music, games and more through mobile devices.
What is the net worth of Jeremy Scheinberg?
Jeremy Scheinberg’s net worth is unknown.
What is the net worth of Mark Harden?
Mark Harden’s net worth is estimated at $1 million.
