Jeff Stroope of HyConn LLC: was kind enough to take the time to answer a few questions about his experience on the Shark Tank from Last Season. We see that he gets a verbal deal on the set with Mark Cuban, but the million dollar question is if he actually finalized a partnership buyout with Mark Cuban after all was said and done:
Q: How long was the time you actually spent on the set with the Sharks discussing your business?
Q: Obviously, a verbal deal was reached with Mark Cuban, but an actual deal in writing was never finalized. Was that by your prerogative? Was it because the terms verbally offered were modified? Was it because Mark Cuban changed his mind after doing his due diligence?
Q: Did you hire any professionals to assist you with finalizing a potential contract?
Q: Did appearing on Shark Tank help open the doors to additional exposure on national media?
Q: Are you happy that you stuck to your creative vision and business model for your business?
Q: Was there any helpful advice given to you by the Sharks that you have used since speaking to them?
Q: Is your product available for purchase?
Q: When do you anticipate them hitting the market?
Q: What have been the roadblocks that have kept the products from reaching the market?
Jeff Stroope of HyConn LLC: The biggest delay is that everyone thought that I got a deal with Cuban when in fact I was still needing an investor. I am actually meeting one of two investors that have offered to fund everything tonight.
Good luck to you. You have a fabulous product, we expect it to be a hit when it is released to the market for sale!
Thank You to Jeff Stroope of Hyconn LLC for answering these questions and giving us an insight into what happens after the show is taped.