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 FAQs
What is Trobo?
Trobo is a chatting plush robot that teaches very little about science, math, technology, and engineering (STEM). It’s iPads-compatible and includes games, stories, and quizzes to capture the child’s attention.
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.
How much were asking on Shark Tank?
They were asking for $100,000 for 10% stake of their company.
Did they have the deal?
Yes, they did from Robert Herjavec.
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.
