Hyconn, the fast connector for fire hydrants and hoses, was started by Jeff Stroope in 1999. As of October 2023, Hyconn’s net worth is $1.25 Million. 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 Timeline
|Net Worth 2023||$1.25 Million|
|Net Worth 2022||$1 Million|
|Net Worth 2021||$900,000|
|Net Worth 2020||$800,000|
|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
|Product||Fast connector for fire hydrants and hoses|
|Episode||Season 02 Episode 08|
|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|
|Location||NW Front St, Ashdown, AR|
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 2023.
|2010||Innovative Product: Hy-Conn offers a quick-connect adapter designed to make connecting and disconnecting hoses and fittings easier and faster|
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.