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Home > Strategy > This Entrepreneur Sold His Business for $1.25 Million in 10 Minutes!

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.

 

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  1. February 3, 2017 at 8:49 pm

    Power of the product!

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