iReTron

iReTron - Consumer Services

iReTronDidn't CloseTechnologyWebsiteLos Gatos, CAS5E20

Pitch Details

Season / Episode

S5E20

Mar 14, 2014

Ask

$100,000

for 20%

Ask Valuation

$500,000

Deal

$100,000

for 20%

Deal Terms

Amount$100,000
Equity20%
Valuation$500,000

What Happened Next

Deal Fell Through

Deal may have initially closed but the company ultimately shut down in 2019. No clear public explanation for whether or why the deal fell apart.

Operating
0
  • Appeared on Season 5, no deal made
  • Electronics buyback/trade-in platform
  • Faced intense competition from Gazelle, ecoATM and similar services
  • Business struggled to differentiate in crowded market
  • Company eventually ceased operations

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