We embarked on a fascinating journey to discover Trobo, the education initiative that made waves on Shark Tank. This article debunks the nuances of Trobo‘s entrepreneurial journey and covers the ups and downs that defined his journey after a few wild years in the Shark Tank spotlight.
The tactical system of the Trojan Horse, the cat-and-mouse mind game played with potential opponents, and the important decisions outlined in the Pressure Cooker of the Tank will be better understood.
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From little more than a dream to a lavish presentation that captivated audiences, we examine Trobo’s incredible journey, uncovering the diverse web of events that determined his place in the world’s field of business.
Follow us as we uncover the layers of The Company’s journey evidenced by a story that shows struggle, innovation, and the pursuit of excellence in education.
Shark Tank Episode 728 Key Highlights
- Trobo was founded by Jeremy Scheinberg and Chris Harden, aiming to revolutionize education through interactive storytelling robots.
- The product, Trobo, is an interactive robot that teaches STEM topics to children through personalized storytelling.
- Trobo closed in 2017 and its products are no longer available, despite being briefly sold on Amazon.
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Now the question is: What is Trobo?
TROBO is interactive and customizable; It calls children by name and creates an avatar that represents the child on the screen. Its content mainly includes STEM (Science, Technology, Engineering, and Mathematics).
He tells stories that answer children’s questions such as why birds fly. What is lightning? It is a toy robot that teaches science and mathematics through stories.
Trobo Education’s mission is to transform today’s children’s understanding of education into fun and entertainment; An interactive robot was created for this purpose. One of the goals of this business is to combine technology with education.
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Who is the creator of Trobo?
Jeremy Scheinberg and Chris Harden are fathers who have great toys for their children. So they used the number six to create speakers who could answer kids’ questions about all the important STEM topics. They had worked together before but appeared at the same venue for Startup Weekend.
Dads agree that their kids play with useless toys and every tablet game app has one. Their children have questions and parents do not have enough time to answer them correctly. Combining their expertise in the production of electronic audio/visual equipment.
| Name | Trobo |
| Founders | Jeremy Scheinberg and Chris Harden |
| Product | An adorable plush robot that teaches kids about STEM |
| Features | Wirelessly connected, reads kids stories about math and science, can be personalized |
| Initial Funding | Funded on Kickstarter in 2014 |
| Shark Tank Appearance | Season 7 |
| Shark Tank Deal | Robert Herjavec offered $100,000 for 33.3% equity, contingent upon a deal with Dreamworks |
| Social Media | Website, Instagram |
They both get support from their spouses. Kickstarter raised $61,066 to bring the project to life. Scheinberg and Harden went to the international toy store and met the designer. Scharnberg and Harden felt that the Shark Tank episode left out a lot of important information about TROBO.
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Of course, they prepared a video so that more people could get to know themselves and The Toy.
What offering was made by the founders of TROBO on the Shark Tank?
Jeremy Scheinberg and Chris Harden in return received 10% of the company’s shares for $100,000, giving them a valuation of $1 million.
| Episode | Episode 728, aired on April 8, 2016 |
| Entrepreneurs | Chris Harden and Jeremy Scheinberg |
| Business | Trobo, a STEM toy for children that tells stories interwoven with scientific facts |
| Ask | $100,000 in exchange for a 10% stake in their company |
| Result | Robert Herjavec offered $166,000 for 33.3% equity, contingent upon a deal with Dreamworks |
The company’s philosophy focuses on the integration of cutting-edge technology and education to make learning fun and interactive for children.
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Its appeal lies in the Sharks’ training and performance, which creates a unique experience in tanks.
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Did Trobo Receive a Shark Tank Deal?
Scheinberg and Harden are seeking a $100,000 investment that will provide 10% equity in TROBO. Daymond John gives a demonstration of The Toy to the Sharks to show how the device works.
The partners said they received funding to purchase 2,000 units from Kickstarter funds and a National Science Foundation Small Business Innovation Research Grant.
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600 of these were reserved for Kickstarter backers. Their biggest problem is that they are small and have no market access. Mark Cuban concluded that the technology was just a gimmick, not for him, and walked away.
With so much free content, Kevin O’Leary doesn’t believe a $50 toy speaker with premium content will be successful. He went. Lori Greiner followed the competition but was also disappointed by the lack of attendance at the games her teammates attended.
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Daymond John was shocked and ran away. Robert Herjavec is not interested in TROBO, after all. He said he wanted more details. He then talked about his relationship with DreamWorks. He gave 1/3 of the company’s shares for $100,000. But there is a backup plan.
The agreement is valid only if the partner obtains a license approved by DreamWorks. Scheinberg and Harden asked Herjavec for $166,000, and Herjavec agreed to 33 per cent.
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How did Trobo start and how does it work?
Tedi aims to transform children’s learning through technology and storytelling. The main goal of the initiative is to encourage children to learn science and mathematics through interactive talking robots.
The Toy’s method was created from an idea that changed the entire course, and its creativity surprised many and continues today.
The company’s claim to fame is that it combines education with entertainment and is one of the TV shows that rewards characters. Its narrative describes his courage to change the way he teaches children; For this reason, he is considered the founder of science education.
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What happened to Trobo After Shark Tank?
Herjavik’s suggestion did not work. This situation creates problems for the company. When asked what happened, Harden admitted that he was not at liberty to make a statement due to the confidentiality agreement.
Production of TROBO has been stopped. In the website statement, it was stated that the TROBO Story application was withdrawn from the market due to excessive maintenance costs.
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What was Trobo’s total debt before and after Shark Tank?
According to Shark Tank business, Its net worth in 2016 was $1 million. They appeared on Shark Tank USA Season 7 on April 8, 2016, and reached an agreement with Robert Herjavec to purchase a 33.3% stake for $166,000.
TROBO closed in 2017 and its products are no longer available on the market. TROBO is available on Amazon but has been removed from shelves (prices range from $200 to $400). So they are now bankrupt, and there are no TROBO toy robots on the market.
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FAQS about Trobo
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Trobo is an interactive toy robot that teaches STEM topics to children through storytelling.
Trobo was created by Jeremy Scheinberg and Chris Harden.
Yes, Robert Herjavec agreed to purchase a 33.3% stake in Trobo for $166,000.
Trobo closed in 2017 and its products are no longer available on the market.
Trobo’s net worth in 2016 was $1 million.
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