This Entrepreneur Sold His Business for $1.25 Million in 10 Minutes!
Jeff Stroope had been a fireman for 15 years before he invented a revolutionary fire hose connection that saves a lot of time and trouble for connecting the hose to the water pipeline in the time of a fire tragedy when every second counts.
Jeff came on Shark Tank and did a demo for his product. Not only did the Sharks like the product but he got an offer from Mark Cuban to sell off his whole company for $1.25 million plus a three year job contract at $100,000 per year and a royalty on every product sold by the company.
Here is the amazing pitch.
Categories: Strategy
Business, entrepreneurship, Shark Tank, Start Up Genome Project, Venture Capital
Power of the product!