HyConn
Quick-connect fire hose coupling that allows firefighters to attach hoses to hydrants in seconds
Pitch Details
Season / Episode
S2E8
May 6, 2011
Ask
$500,000
for 40%
Ask Valuation
$1.3M
Deal
$1.3M
for 100%
Watch the Pitch
Deal Terms
Amount$1.3M
Equity100%
Valuation$1.3M
Royalty7.5 percent
Mark CubanWhat Happened Next
Deal Fell Through
Mark Cuban tried to change deal terms to licensing-only; founder refused
Operating
$100,000
estimated
- On-air deal with Mark Cuban for $1.25M/100% licensing + 7.5% royalty + $100K/yr salary (Season 2); deal fell through
- Quick-connect fire hose coupling for firefighters
- One of the largest initial deals in Shark Tank history at the time
- Slow adoption due to government procurement cycles
- Company effectively defunct with minimal activity
Get updates on HyConn