iReTron Shark Tank Update

iReTron Shark Tank Pitch

Jason Li is 16 and moved from China to America when he was 6. Jason was passionate about practicing the martial art Judo until he broke his back. While in the hospital, Jason read a book that inspired him to start a socially driven company, which became iReTron. iReTron buys used or unwanted electronics for the highest prices available on the market weather they can be resold or not.

Jason has more buyers than sellers, so he constantly has no inventory. iReTron has done $40k in sales over the last year with a $10k profit.

The sharks find the business to be complicated and likely to fail. Barbara makes an offer more in Jason than iReTron, where she gets 20% of any business that Jason starts over the next five years. The rest of the sharks are out, but Jason requests Mark join Barbara, and he agrees, so a deal is made.

iReTron After Shark Tank

According to a 2017 article at medium.com

Jason did not have cable TV, so when Shark Tank reached out, Jason thought it was a scam until further research. Jason turned down the opportunity but was given a chance the following year, which he accepted.

Jason spoke about his nerves in an interview with saratogafalcon.org

Jason started a new company called UPropsie, a website that connected prospective students with active college undergrads to learn about potential schools from a current student's perspective. Jason raised $60k for Upropsie through winning entrepreneurship competitions. Upropsie had 10k users, but Jason directed his attention to a new project.

Jason then started Flipside, which aimed to be a media platform providing multiple viewpoints on various topics. Flipside raised $30k through competitions.

iReTron's website was very outdated but stayed up until 2021. iReTron last posted on its Twitter, @iReTron_com