TROBO Shark Tank Summary
|Episode||Season 7 Episode 23|
|Business||STEM learning stories, interactive plush toy robots|
|Entrepreneur||Jeremy Scheinberg and Chris Harden|
|Asked For||$100,000 for 10%|
|Accepted Offer||$166,000 for 33%|
|Business Status||Out of Business|
What is TROBO?
Trobo is a verbal plush robot that teaches little about science, mathematics, technology, and engineering (STEM). It’s compatible with an IPad App and taps into the kid’s curiosity through games, stories, and quizzes. It tells stories that answer children quizzes, such as why do birds fly? How do Smartphones work? What’s lightning?
Who are the TROBO Founders?
The app and toy were created by two Orlando-based engineering dads who left theme and game park development. Chris Harden was previously the EA Sports’ Development director while Jeremy Scheinberg is an engineering grad from Pennsylvania University who has worked on shows for Lego, Disney, NBC, and Universal.
The idea of creating Trobo popped up when they had their kids and started thinking about how the world was affecting their young ones.
While watching Sophia (Jeremy’s daughter) spend hours learning to become a princess, Jeremy yearned for something foundational for her growth. He wanted a way to share his passion for technology and engineering with Sophia.
The pair met at Orlando’s Startup Weekend event, and Trobo came to be.
Initially, the notion was to create a programmed robot, but they later decided to change the idea to include a speech-enhanced robot compatible with an IPad.
The two fathers appeared on Shark Tank seeking $100,000 for 10 percent equity. However, they got $166,000 from Herjavec Robert for a 33% share of the company, on the condition that they secure licensing from DreamWorks.
TROBO Shark Tank Update
Is TROBO Still in Business?
Today, the TROBO is no longer business. The hardships that the pair faced in producing the product are locating a manufacturer that can improve demand and develop the app.
The stuffed talking toy is fundamentally a speaker that sold at $59.95, including the five stories and the robot toy. They have received 600 orders from mid- and small-sized retail stores.
The pair shook hands with Robert, but the deal didn’t mature. Non-disclosure provisions prevent the proprietors from disclosing details that led to the termination of the deal, but chances are DreamWorks didn’t support Trobo, and Herjavec’s legal contingencies were too demanding.