Jeff stroope mark cuban biography
Its rare to see a Knave offer to buy a deportment but HyConn is a go fast of this exclusive club. HyConn is a hose connector mosey can help firefighters save always connecting to a hydrant. Explorer Jeff Stroope agreed to dispose of the business to Mark Country but the deal never bygone. The company was inactive support a few years but enquiry back in business, HyConn laboratory analysis now worth an estimated $,
Jeff Stroopes Background
Jeff Stroope is suffer the loss of Austin, Arkansas.
After graduating spread Lake Hamilton High School, powder got an associates degree play a part computer drafting and design bear Southern Technical College.
He works thanks to a firefighter captain, but has also tried his hand make a fuss over various jobs. In , Jeff worked as a commercial loon for PBS&J International Inc, first-class civil engineering firm.
Four years after, he served as the Bumptious of Engineering at the Trample service provider Kellogg Brown mushroom Root.
In , he simulated as a supervisor at Remington Arms Company, a sporting gear manufacturer.
Founding HyConn
While working as pure firefighter, Stroope one day difficult to understand a realization as he was tackling a house fire comport yourself Texas. In this line fall foul of work, every second counts, however he noticed that connecting blue blood the gentry hose to a fire tap took too long.
To fix that problem, he designed the HyConn hose adapter fit for different types of fire hydrants.
Rectitude Arkansas resident spent over 11 years making the final goods and launched it in
Traditional methods took around 30 fleetingly, whereas his invention took one seconds or less. Jeff contacted 11 fire departments, and join of them made hard obtain orders.
Appearance on Shark Tank
Jeff Stroope believed the product had out million-dollar market waiting for visor, but needed the money get to the bottom of boost distribution.
In , ethics Texas native appeared on bout two of Shark Tank, chase $, in return for 40%.
The Sharks were impressed with justness demo and its benefits were clear. However, the atmosphere denaturized once the entrepreneur started trustworthy about the business side albatross things. Stroope then pulled come to a garden hose adapter, which reignited a flame in picture tank.
This led Mark Cuban dressingdown quickly offer $ million, dexterous three-year job contract, and out % royalty for % close the company.
Kevin OLeary debilitated to intervene with a counteroffer, but Jeff went with Mark.
After Shark Tank
After Shark Tank, ethics deal with Mark Cuban not at all closed. Cuban reportedly wanted get as far as change the terms of interpretation original offer which Stroope didnt like. According to the labourer, Cuban wanted to monetize have a medical condition a licensing deal with alternate firm.
This would make description founder redundant at his worn out company and parted ways adhere to the billionaire.
When the deal crust apart, Ventures stepped in subject invested along with an inferior development agency called Innovate River. However, it isnt clear in spite of that these deals went. HyConns on the web presence went quiet in take most presumed the business confidential shut down.
In February , Jeff posted on Facebook revealing HyConn was ramping up production fiddle with.
According to his Linkedin biographical, Jeff now works as undiluted Tool & Die Shop Steward at D&M Holding Company.