Hidrent Shark Tank Update

Hidrent Shark Tank Pitch

Dave Heimbuch appeared on Shark Tank Season 13, Episode 6, which aired on November 11, 2021, with task-based online service that matches customers with off-duty firefighters.

Hidrent is listed in the Software Tech category. In plain terms, the business is described as task-based online service that matches customers with off-duty firefighters.

Hidrent asked the Sharks for $300,000 for 8%, implying a valuation of about $3.8 million.

On the show, Hidrent made a listed deal with Robert Herjavec and Lori Greiner for $300,000 for 33.3%.

If treated as straight equity, the listed deal works out to about $900,900.901 implied valuation, down from the original $3.8 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Hidrent After Shark Tank

Hidrent accepted an on-air offer from Lori Greiner and Robert Herjavec, but later follow-up coverage indicated that the deal did not close. (Hidrent Shark Tank Update

The company still found funding after the episode, raising $662,000 in seed capital from nine investors and later running a StartEngine campaign at an $8.5 million valuation. (Hidrent Shark Tank Update

Hidrent remains positioned around connecting off-duty firefighters with local handyman-style jobs, which was the core marketplace idea pitched in the Tank. (Hidrent Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches