TROBO Shark Tank Update

TROBO Shark Tank Pitch

Jeremy Scheinberg and Chris Harden appeared on Shark Tank Season 7, Episode 23, which aired on April 8, 2016, with STEM learning stories, interactive plush toy robots.

TROBO is listed in the Education category. In plain terms, the business is described as STEM learning stories, interactive plush toy robots.

TROBO asked the Sharks for $100,000 for 10%, implying a valuation of about $1 million.

On the show, TROBO made a listed deal with Robert Herjavec for $166,000 for 33%.

If treated as straight equity, the listed deal works out to about $503,030.303 implied valuation, down from the original $1 million implied valuation.

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

TROBO After Shark Tank

TROBO accepted an on-air Shark Tank deal for $166,000 for 33%. The business is now listed as out of business, with the closure tied to 2017. (TROBO Shark Tank Update

this statement appears on their website as of May, 2021: Dear TROBO Customers and Friends, We're no longer producing TROBOs. (TROBO Shark Tank Update

The pair continues to sell Trobo through Amazon and through their website, and are still hoping to license their "content delivery platform" at some point in the future. (TROBO Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches