Hangease, founded by Ryan Landis, appeared on Shark Tank in 2013 with its innovative collapsible hanger designed to make hanging clothes easier. Despite not securing a deal, the company gained exposure and saw a spike in interest.
However, Hangease has since struggled to maintain long-term success. The business does not appear to have a significant crowdfunding history or outside investors, and as of 2024, Hangease seems to be inactive, with no updates on acquisitions or recent valuation.
The company’s status remains largely stagnant, with little evidence of substantial growth or further developments.
HangEase Net Worth
Estimated Net worth | $266,666 (2014) Business Valuation |
Annual Sales Revenue | Not available |
Lifetime sales | Not available |
Investors | Mark Cuban, Lori Greiner |
Founder | Ryan Landisin |
Employees | Not available |
HangEase Pitch on Shark Tank
Company name | HangEase |
Product | Kid’s collapsible hanger |
Episode | Season 05 Episode 27 |
Founder | Ryan Landis |
Asked for | $80,000 for 30% |
Final deal | $80,000 for 30% |
Sharks | Mark Cuban and Lori Greiner |
Location | USA |
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HangEase Founder
HangEase was founded by Ryan Landis in 2003. Ryan Landis is the founder of HangEase Kid’s Collapsible Hanger company. He came up with the idea for the collapsible hanger when he was in the third grade as a school invention project. HangEase’s founder, Ryan Landis’ net worth is unknown as the business is inactive.
Key accomplishments
Year | Accomplishment |
2014 | Appearing on the popular TV show Shark Tank in 2014. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business. They have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Spretz and its continued success.