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Hyconn Net Worth 2024 Update  (Before & After Shark Tank)

"Hyconn" Net Worth 2023 Update

Hyconn, the fast connector for fire hydrants and hoses, was started by Jeff Stroope in 1999. As of March 2024, Hyconn is not operated anymore. Their sales have increased in recent years.

On May 6, 2011, they appeared on Season 2 of Shark Tank USA and made a deal with Mark Cuban, for $1.25 million for 100% of the company, plus a 3-year work agreement, and 7.5% royalty. The final valuation was $1.25 million, the Same as the founder’s initial estimate.

Hyconn is still in business but we can not confirm it. Their product is available on the website.

Hyconn Net Worth

Net WorthNot available (2024)
Annual Sales RevenueNot available
Profits
Lifetime Sales$231 million (estimated)
InvestorMark Cuban
FounderJeff Stroope
Employees20-49

Hyconn Net Worth Timeline

Net Worth 2024Not available
Net Worth 2023$1.25 Million
Net Worth 2022$1 Million
Net worth 2011 after appearing on Shark Tank  $1.25 Million
Net worth 2011 before appearing on Shark Tank  $1.25 Million

Hyconn Pitch on Shark Tank

Company nameHyconn
ProductFast connector for fire hydrants and hoses
EpisodeSeason 02 Episode 08
FounderJeff Stroope
Asked for$500,000 for 40% Equity
Final deal$1.25 Million for 100% + $100,000/year for 3 years + 7.5% royalty to Jeff Stroope
SharkMark Cuban
LocationNW Front St, Ashdown, AR

Don’t miss these product from Season 2

Hyconn Founder

Hyconn was founded by Jeff Stroope in 1999 Jeff Stroope is a firefighter and paramedic from Florida. Jeff Stroope invented the Hy-Conn adapter after experiencing frustration with traditional hose connectors while responding to emergencies. Hyconn’s founder Jeff Stroope’s net worth is unknown as of 2024.

Key accomplishments:

YearAccomplishment
2010Innovative Product: Hy-Conn offers a quick-connect adapter designed to make connecting and disconnecting hoses and fittings easier and faster

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.

What do you think?

Written by GAG Team

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