The app has drag-and-drop functionality to facilitate kids between 6 and 16.Įven before getting on Shark Tank, Hopscotch was quite a popular programming app for kids. The app has a user-friendly interface and an interactive way of teaching the kids how to code. Hopscotch is the coding solution for kids that enables them to construct scripts and coding blocks and use interactive coding to convert them into playable and shareable games. In this article, we will be discussing what happened to Hopscotch after Shark Tank and a lot more. Hopscotch is a business from the IT industry that the founder pitched in season 12 of Shark Tank. According to a member of Shark Tank, Kevin O’Leary, around 20% of deals made on the show are not executed due to several problems inside the businesses. It’s done to see if the business is actually of the worth as claimed by the founders. However, a general perception that every handshake on the show is executed is wrong.Īfter the initial willingness of the Sharks, the due diligence, business analysis, and valuation are done. The investors on a panel of Shark Tank are called Sharks, and after listening to a business pitch and questioning, they decide if to invest in a business or not. It’s a franchise of Dragon’s Den that started in Japan under the name Money Tigers in 2001. Several businesses have changed their fortune by getting the Shark Tank judges on board with their investments. The reality show started in 2009, and 13 seasons have been aired to date. John says that since her February appearance on the show, app downloads have grown by 500 percent and calls her partnership with Cuban "amazing.Shark Tank is an American reality show where different small and emerging startups & businesses pitch their idea to get an investment for their business. "Just talking to you, I look up to you."Īfter a bit of negotiating, the Detroit woman wound up making a deal with Cuban, who invested $550,000 for an 11% stake in the company. "I've been a Hopscotch fan forever," he told John. After being turned down by four of the five TV sharks, entrepreneur Mark Cuban showed some interest, saying that his kids have used the app and that he's impressed by what the company has accomplished so far. The initial proposal to the sharks was a $400,000 investment for a 4% stake in the company. "We want a little bit more capital so that we can start getting rid of that paywall, letting everyone in for free, and playing the long game." "It's not really the right business model for Hopscotch," she said. In the video below, she says that the business is breaking even but wants to take it to a new level. John approached the sharks noting that business followed a subscription model, where some users pay a monthly fee in order to use the app's premium features. They were encouraged to submit an audition and in September of 2020, John appeared face-to-face with the entrepreneurs - or 'Sharks' - who sometimes support, and oftentimes reject business plans submitted by business hopefuls. Thereafter, they've seen about 200,000 active users each month.įast forward about eight years to April of 2020 when John and her partner were contacted by a producer with Shark Tank. She tells the Detroit Free Press that the company found almost immediate success with 20,000 app downloads in the first week. John and her co-founder Jocelyn Leavitt launched the app in 2012.
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