What Happened To Hidrent After Shark Tank?
Hidrent After Shark Tank Update: Firefighters are true heroes because they are trained to save lives in the event of an emergency. However, they also possess valuable skills that extend beyond their life-saving duties. Notably, firefighters are trustworthy individuals who can assist with various household chores.Â
With the help of the Hidrent app, users can easily secure the services of off-duty firefighters for tasks around the house. On Shark Tank, Dave Heimbuch successfully strikes a deal with Lori and Robert.
However, the question arises: how is the business faring now? Fast forward to the year 2023, and Hidrent has achieved a remarkable worth of $8.5 million.
Now, let’s delve into the background of the inventor.
Who Is The Founder Of Hidrent?
David Heimbuch, growing up in Dallas, Texas, pursued a degree in marketing at the University of Nebraska at Lincoln, which he earned in 1994.Â
Following his graduation, he embarked on a professional journey working for various technology businesses, including YuMe, Photobucket Inc., AT&T Mobility, and Tapad, where he held positions in digital marketing and sales divisions.
Notably, he was previously employed by the music identification software Shazam.
Despite his expertise in his profession, Dave knew that his true passion lay in becoming an entrepreneur and starting his own company.
Serendipitously, Dave Heimbuch found himself married into a family of firefighters, which served as the catalyst for his entrepreneurial journey into the world of business.
Pros
- The app has various users.
- Firefighters might earn more and work more.
- Elderly people like it since it’s easy to operate.
- The software finds a firefighter for the customer.
- All of our personnel are background checked to ensure consumer safety.
Cons
- The app needs further improvement. It does not serve small cities.
- Customers are limited.
- Only available in the US.
What Is Hidrent?
Hidrent is a convenient application that efficiently connects you with local handymen in your area. It proves to be invaluable when you require assistance with tasks such as pipe repairs or furniture assembly.Â
By leveraging the app, you gain access to trustworthy firemen who possess the necessary skills to handle a range of handyman services, including heavy lifting, assembly, minor repairs, and cleaning.
Know About the Hidrent Shark Tank Update
In December 2022, Robert and Lori became one-third partners in Hidrent Company. Notably, the company has forged a partnership with the International Association of Fire Fighters, extending until 2024.
This collaboration enables Hidrent to connect with a vast network of over 300,000 firemen. As of December 2022, the company boasts an impressive annual revenue of $1.4+ million.
Hidrent Shark Tank Update
| Company Name | Hidrent Inc. |
| Founder | Dave Heimbuch |
| Founded | May 2017 |
| Product | connects off-duty firefighters with those seeking extra work |
| Asked For | $300k for an 8% equity |
| Final Deal | $300k for 33.3% equity |
| Shark | Robert Herjavec and Lori Greiner |
| Hidrent Shark Tank Episode | S13 E6 |
| Air Date | Nov 12, 2021 |
| Business Status | In Business |
| Headquarters | Dallas, Texas, United States |
| Hidrent Net Worth | $1.9MÂ |
| Hidrent Compatibility | Android and iOS |
| Hidrent Instagram | View Profile |
Another Shark Tank Pitch:
Hidrent on Shark Tank Pitch
Dave Heimbuch, the founder of Hidrent, embarked on his journey by starting the company from scratch. However, in order to expand and take the business to new heights, he recognized the need for investment and new hires.
Consequently, in 2021, Dave presented Hidrent on season 13 of Shark Tank with the aim of securing $300,000 in exchange for 8% ownership.
During the presentation, the Sharks were captivated by the enjoyable demonstration of Hidrent, expressing their genuine admiration for the app’s functionality.
Notably, guest investor Nirav Tolia imparted invaluable advice to Dave, drawing from his own success in establishing the widely recognized brand, Nextdoor.
However, despite Tolia’s input, he was the first to be eliminated from the negotiations. Robert Herjavec stepped in with a counteroffer of $300,000 in exchange for 20% ownership, which was matched by Mark Cuban.Â
Recognizing the potential of partnering with Lori Greiner, Robert, and Lori joined forces and presented Dave with an offer of $300,000 in exchange for a 33.33% share of the company.
Ultimately, Dave accepted the combined offer from Robert and Lori, solidifying the partnership and securing the needed investment for Hidrent’s growth.
Hidrent After Shark Tank
Following its appearance on Shark Tank, Hidrent experienced a surge in visibility and recognition, being featured on prominent platforms like Yahoo Finance, Fox, and CNBC.
However, it is important to note that the deal with Lori and Robert is still pending a final agreement.
Unlike Mark Cuban, Hidrent is absent from Lori’s official website, signaling a divergence in their partnership. Despite the proposed name change requirement from Lori, Hidrent opted to retain its original name.
Nonetheless, the company has been steadily advancing in its growth trajectory. Anticipating a remarkable upturn, Dave expects Hidrent’s revenue to reach $750,000 in 2022, reflecting a substantial increase from the $430,000 generated in 2021.
Additionally, Hidrent has forged strategic collaborations with key players in diverse industries such as property damage restoration, solar energy, and relocation services.
These partnerships have contributed to their ongoing success, with the creator forecasting sales exceeding $1 million in 2023.
Hidrent Net Worth
| Year | Net Worth |
| 2021 | $430,000 |
| 2022 | $750,000 |
| 2023 | $1.9M |
Hidrent Competitors
- Station 42
- Engine Company 33
- Firehouse 51
- Hook and Ladder
- Ladder 49
- Battalion Chief
FAQs:
David Heimbuch is the founder of Hiderant.
Hidrent Net Worth is $1.9M.
Yes, Hidrent is still a business.
Robert and Lori from The Shark Tank invest $300,000 for 33.3% of the company.
Yes, Hidrent indeed secured a deal on Shark Tank. Both Robert and Lori enthusiastically invested $300k into the business, acquiring a significant 33.3% ownership stake. Consequently, with this newfound financial support and partnership, Hidrent was poised for further growth and success.
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