The company was worth a valuation of $5 million in 2015 but is currently out of business. Currently, when you visit the H圜onn website all the information is available on the product but no offer is there for sale. The venture firm took part in H圜onn investment and finally received the patent in 2016. This did not get Jeff’s proposal and the deal fell through between the two. Post the Shark tank deal, Jeff and Mark had a few conversations especially on licensing the manufacturing design to be outsourced for mass production. Home Edition: It works with the standard garden hose sets in one quick motion.Sizes available in: 2.5”, 4.5” and 5” Pro Edition variants. Pro-Edition: Works with all types of Hydrants and various hose sizes. ![]() Hy-Conn product is available in two editions : Currently, there are many Quick Connect products for retail use from HQMPC, Melnor, Gorilla, etc. Storz Connectors were one of the competitors already in this niche market. Finally, Jeff goes with Mark Cuban offer and seals the deal of $1.25 million and 3 years of employment worth $300,000 to buy the company with a 7.5% royalty. This home connector was a game-changer for sharks as it opens up a huge market for retail users.ĭuring the negotiations, Mark Cuban makes the first offer of $1.25 million for 100% and quickly Kevin cuts him off with his deal of 500,000 USD, and fierce competition peps in. The entire shark team is awestruck by the idea and even Daymond checks if is there anything else in your pocket. When Robert inquiries, I have a tough time connecting to garden hoses and Stroope shares his product prototype for home use from his pocket. Kevin enquires if the Firefighter uniform company can distribute this and Stroope explains they want him to finance if they are willing to distribute it. Stroope clarifies the smaller unit is $215 and the larger one for streamer valves for $385.īarbara is not convinced that this 10+ second faster proposition will bring market from the government as they are already working with budget constraints. Recently been able to get 4 hard Purchases and some in the paperwork stage. Robert questions the adoption of how he sells it just by stating it’s fast enough. Stroope demonstrates the product and he also explains how fast it is. Jeff Stroope in his Shark Tank appearance pitched for $500,000 for 40%. On International Firefighters Day or other special anniversaries, people can make custom challenge coins to the fire department to express their high respect and gratitude to firefighters. The profession of firefighters is undoubtedly worthy of respect. Stroope had already invested 11 years of his life in the creation of H圜onn before he pitched this idea in Shark Tank for investments. It was a very demanding role and did not allow enough free time so he worked really hard during the nights and weekends to give shape to his idea. ![]() Stroope was a full-time captain of the fire brigade and maintenance supervisor. A quick video that demonstrates the easy, fast, and safe way of connecting a Hy-Conn. This is a key aspect that causes a lot of delay in case of stopping fires. H圜onn can connect to a hydrant in 3 seconds or less whereas a traditional mechanism to attach a hose to a hydrant takes almost 30 seconds. The H圜onn which is designed for the home has a connector to attach garden hoses to spigots in an easy and quick fashion. The product allows firefighters to use to save fires faster but also at home. Jeff came up with a fantastic way to design H圜onn. Every second matters in such cases as it saves lives. When Jeff Stroope’s saved many homes from a fire in Texas as Firefighter he realized some could not be saved as the time taken to connect the hydrant to the hose took time. What Happened to H圜onn post-Shark Tank?.
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