Samantha John and Jocelyn Leavitt do loads of research on different thoughts, and once they came up with the idea of making a coding platform for kids. Using this platform, children can effortlessly develop their own games for coding. Hopscotch offers its own education platform to teach coding to children at a young age. What Really Happened to Hopscotch After Shark Tank? This is a giant problem in today’s society, programming is seen from such a viewpoint that it is the most difficult task. It becomes an enormous task for every parent to make their child learn coding at a young age because coding is not a simple education.Ĭoding is such a thing that if there is no attention to it then it is difficult to learn it. There are numerous parents who make their kids start learning programming from their childhood so that they can advance their life. Now, if humans want to survive in the future, then it is very important for them to come to coding because without coding no work can be done.
There is all the new technology will be made through coding. The Hopscotch platform explains coding to kids, as the forthcoming future is going to be technology. Hopscotch founder Samantha John came to Shark Tank for funding for her education platform and simply asked Shark for $400,000 for 4% equity what is the latest hopscotch shark tank update, let’s find out in this guide on what really happened to hopscotch after shark tank.
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John says that since her February appearance on the show, app downloads have grown by 500 percent and calls her partnership with Cuban "amazing.Hopscotch is an educational app that shows kids how can you code so they can make and play their own games. "Just talking to you, I look up to you."Īfter a bit of negotiating, the Detroit woman wound up making a deal with Cuban, who invested $550,000 for an 11% stake in the company. "I've been a Hopscotch fan forever," he told John.
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After being turned down by four of the five TV sharks, entrepreneur Mark Cuban showed some interest, saying that his kids have used the app and that he's impressed by what the company has accomplished so far. The initial proposal to the sharks was a $400,000 investment for a 4% stake in the company. "We want a little bit more capital so that we can start getting rid of that paywall, letting everyone in for free, and playing the long game." "It's not really the right business model for Hopscotch," she said. In the video below, she says that the business is breaking even but wants to take it to a new level.
John approached the sharks noting that business followed a subscription model, where some users pay a monthly fee in order to use the app's premium features. They were encouraged to submit an audition and in September of 2020, John appeared face-to-face with the entrepreneurs - or 'Sharks' - who sometimes support, and oftentimes reject business plans submitted by business hopefuls. Thereafter, they've seen about 200,000 active users each month.įast forward about eight years to April of 2020 when John and her partner were contacted by a producer with Shark Tank.
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She tells the Detroit Free Press that the company found almost immediate success with 20,000 app downloads in the first week. John and her co-founder Jocelyn Leavitt launched the app in 2012.
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