In 2010, Jason Li, then a high school student, founded iReTron, an online platform to recycle old electronics. He appeared on Shark Tank in 2014 and secured a $100,000 deal from Mark Cuban and Barbara Corcoran for 20% equity, valuing the business at $500,000.
Although the deal was never finalized, iReTron gained significant exposure and operated successfully for several years. However, the company ceased operations in 2019.
Jason Li has since moved on to work with innovative companies like Oscar Health and Transcarent, continuing his entrepreneurial journey and passion for technology.
iReTron Net Worth
| Net worth | $500,000 (2014) |
| Investor | Mark Cuban and Barbara Corcoran |
| Founder | Jason Li |
iReTron Pitch on Shark Tank
| Company name | iReTron |
| Product | Online platform for electronic recycling |
| Episode | Season 05 Episode 20 |
| Founder | Jason Li |
| Asked for | $100,000 for 10% Equity |
| Final deal | $100,000 for 20% Equity |
| Sharks | Mark Cuban and Barbara Corcoran |
| Location | Los Gatos, California |
Don’t miss these product from Season 5
iReTron Founder
Jason Li founded iReTronin in 2014. Jason was only 16 years old when he came up with the idea of iReTron. He is a brilliant graduate of the University of Chicago.
He was an active student leader during his college days. Besides iReTron Jason has other startups of his own. iReTron’s founder, Jason Li’s net worth is currently unknown.
Key accomplishments
| Year | Accomplishment |
| 2014 | The company got featured on Shark Tank and secured a deal |
Conclusion
Some companies that appear on the show have not achieved great success, and the iReTron was one of them. Sometimes businesses don’t succeed because of many reasons.
Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business.
Anything is possible. However, iReTron went out of business in 2019. And the product is no longer available in the market.
