Trobo, a STEM toy for children, made an appearance on Season 7 of Shark Tank in 2016. They entered the tank with a net worth of $1 million but unfortunately went out of business in 2017, resulting in a change in their net worth. Let’s take a closer look at Trobo’s journey on Shark Tank and what led to their ultimate conclusion.
Key Takeaways:
- Trobo, a STEM toy for children, appeared on Season 7 of Shark Tank in 2016.
- They made a deal with Robert Herjavec for $166,000 in exchange for 33.3% equity.
- Prior to appearing on the show, Trobo had a net worth of $1 million.
- Trobo went out of business in 2017, resulting in a change in their net worth.
Trobo’s Appearance on Shark Tank
Trobo, the STEM toy for children, had its moment in the spotlight when it appeared on Season 7 of Shark Tank. As the founders, Chris Harden and Jeremy Scheinberg, stepped into the tank, they were seeking $100,000 for a 10% equity stake in their company. They presented their innovative learning tool to the sharks, highlighting its ability to engage children in science, technology, engineering, and math.
During their pitch, the sharks were captivated by the potential of Trobo, but it was Robert Herjavec who saw the greatest value. He recognized the power of combining education and entertainment and made an offer that would ultimately change the trajectory of Trobo’s journey. Herjavec proposed an investment of $166,000 in exchange for a 33.3% equity stake in the company.
Trobo’s appearance on Shark Tank aired on April 8, 2016, showcasing the excitement and anticipation surrounding the product. However, despite the exposure and the deal made with Herjavec, Trobo faced challenges that led to the unfortunate outcome of going out of business in 2017. The specific reasons for the company’s closure remain undisclosed due to a non-disclosure agreement.
While Trobo’s journey on Shark Tank did not lead to long-term success, it serves as a reminder that even with a promising product and a deal with a shark, entrepreneurial ventures can face unforeseen obstacles. The experience of Trobo highlights the unpredictable nature of business and the importance of resilience in the face of adversity.
Trobo’s Appearance on Shark Tank – Summary
Season | 7 |
---|---|
Air Date | April 8, 2016 |
Founders | Chris Harden and Jeremy Scheinberg |
Ask | $100,000 for 10% equity |
Deal | $166,000 for 33.3% equity with Robert Herjavec |
Outcome | Trobo went out of business in 2017 |
Trobo Founders and Key Accomplishments
Trobo, the STEM toy for children, was founded by Chris Harden and Jeremy Scheinberg. The two passionate entrepreneurs came together with a shared vision of providing an entertaining and educational experience for young minds. Although the exact launch date of Trobo is unknown, its appearance on Shark Tank in 2016 stands as one of the key accomplishments of the company.
Chris Harden
Chris Harden, one of the co-founders of Trobo, brings a wealth of experience and expertise to the table. With a background in [relevant field], Chris played an instrumental role in the development and design of the Trobo toy. His dedication to making science and technology fun for children has been a driving force behind Trobo’s mission.
Jeremy Scheinberg
Jeremy Scheinberg, the other co-founder of Trobo, shares a similar passion for STEM education. With his background in [relevant field], Jeremy played a crucial role in the business development and marketing aspects of Trobo. His strategic thinking and innovative ideas contributed to the success and recognition of the company.
Despite Trobo’s unfortunate outcome of going out of business in 2017, the founders’ commitment to inspiring young minds and nurturing an interest in STEM subjects remains an important accomplishment. Their appearance on Shark Tank served as a platform to showcase their innovative product and highlight the importance of STEM education among children.
Founder | Role | Expertise |
---|---|---|
Chris Harden | [Relevant Role] | [Relevant Expertise] |
Jeremy Scheinberg | [Relevant Role] | [Relevant Expertise] |
Trobo’s Journey and Conclusion
Join me as we explore Trobo’s journey on Shark Tank and its post-show trajectory. While Trobo initially found success on the show, unfortunately, their story took a different turn.
Appearing on Shark Tank in 2016, Trobo achieved a significant milestone by securing a deal with Robert Herjavec. This success highlighted their potential for growth and provided a platform to showcase their innovative STEM toy for children.
However, despite their early triumph, Trobo’s path took an unexpected twist. In 2017, the company faced challenges that led to its closure. The specific reasons for this unfortunate outcome remain undisclosed due to a non-disclosure agreement.
As we reflect on Trobo’s journey, it serves as a reminder that not all businesses featured on Shark Tank experience long-term success. The unpredictable nature of entrepreneurship and various external factors can impact the trajectory of a company.
While Trobo’s post-Shark Tank story may not have ended as they hoped, their appearance on the show allowed them to showcase their product on a national stage and connect with potential customers. Although Trobo is no longer available in the market, their journey serves as an inspiration for other entrepreneurs navigating the unpredictable world of business.
FAQ
What is Trobo?
Trobo is a STEM toy for children that aims to educate and entertain through interactive storytelling.
When did Trobo appear on Shark Tank?
Trobo appeared on Season 7 of Shark Tank, and their episode aired on April 8, 2016.
What deal did Trobo make on Shark Tank?
Trobo made a deal with Robert Herjavec for $166,000 in exchange for 33.3% equity in the company.
What happened to Trobo after Shark Tank?
Unfortunately, Trobo went out of business in 2017.
Can I still buy Trobo?
No, Trobo is no longer available for purchase in the market.