What is Trobo?
Trobo is a vocal plush robot that teaches fundamental science, mathematics, technology, and engineering (STEM) concepts. Children will love playing games, watching stories, and taking quizzes with this iPad-compatible application.
It provides stories in response to children’s quizzes, such as “How do birds fly?” What is the operation of a smartphone? What exactly is lightning?
TROBO is a range of interactive plush robots that educate children about STEM subjects.
“TROBO” was pitched in April 2016 by Jeremy Scheinberg and Chris Harden, the business creators.
The Shark Tank offered them $100,000 for 10% equity in exchange for $100,000. Robert Herjavec agreed to invest $166,000 for a 33% stake with a contingency – that they could secure a Dreamworks licensing deal – for the show.
|Founder||Jeremy Scheinberg And Chris Harden|
|Product||A STEM Learning Story, Interactive Plush Toy Robot|
|Investment Seeking||$100,000 For 10% equity in Trobo|
|Final Deal||$166,000 For 33% equity in Trobo|
|Business Status||Out Of Business|
Who Is The Founder Of Trobo?
Trobo app and toy were developed by two Orlando-based engineering fathers who had previously worked in the theme park and gaming park development.
Most of Harden’s experience comes from his time as a development director at EA Sports, while Scheinberg graduated from Penn State University and has worked for Disney, NBC, and Universal.
The concept of Trobo came to them after they had their children, and they began to consider how the world was influencing their children.
Jeremy ached for something essential for Sophia’s growth as he saw her spend hours studying to be a princess. He desired to communicate his enthusiasm for technology and engineering to Sophia.
Trobo was born when the couple met at Orlando’s Startup Weekend event. Initially, the aim was to develop a programmable robot, but they changed their minds and chose to incorporate a speech-enhanced robot that could be used with an iPad.
Shark Tank aired two fathers’ requests for $100,000 and 10% equity. However, they received $166,000 from Herjavec Robert in exchange for a 33 percent stake in the company, subject to obtaining licensing from DreamWorks.
Trobo Before Shark Tank
Jeremy Scheinberg and Chris Harden were fathers who sought ways to educate their kids about STEM subjects. STEM is an acronym for science, technology, engineering, and mathematics.
They created TROBO, a beautiful cuddly robot that reads fascinating stories about STEM subjects via a speaker in its abdomen.
The toy’s Bluetooth connection enables it to communicate with smartphones and tablets. TROBO was funded via Kickstarter in 2014, but would the Sharks invest? Consider the following.
How Was The Shark Tank Pitch Of Trobo?
Jeremy and Chris appeared on Shark Tank requesting an investment of $100,000 for a 10% stake in Trobo.
Final Deal: Robert Herjavec agreed to invest $166,000 For 33% equity in Trobo.
What Happened To Trobo After Shark Tank?
The deal between Trobo and Robert Herjavec, agreed on the Shark Tank show, was never finalized. A non-disclosure agreement among the entrepreneurs prevents them from discussing exactly what happened to kill the deal.
Still, the odds are that Dreamworks’ interest in Trobo was paltry, and Robert’s legal demands were too onerous.
The Shark Tank effect has continued to benefit them, and Trobo’s price has decreased. Trobo is still sold via Amazon and its website, hoping to license its “content delivery platform” in the future.
Trobo Shark Tank Update
The arrangement with Herjavec fell through, and visitors to the TROBO website cannot purchase a TROBO. Shark Tank and the holiday season have caused us to sell out of TROBOs.”.
TROBO was available on Amazon but has been removed (priced between $200 and $400).
TROBO has been covered by mainstream media outlets such as People Magazine, TechCrunch, Examiner, Fox, CBS, and Philly.com as of 2023. They were also named the Best of Toy Fair 2015 by Popular Science magazine.
Is Trobo Still In Business?
The TROBO is no longer in business as of 2023. The pair had difficulties developing the product, including sourcing manufacturing capable of increasing demand and developing the software.
The plush talking toy is essentially a speaker, and it retailed for $59.95, which included the five stories and the robot toy.
They’ve gotten 600 orders from medium- and small-sized retail establishments. The pair exchanged handshakes with Robert, but the agreement never materialized.
Non-disclosure restrictions prohibit the proprietors from discussing information about the deal’s demise, but, likely, DreamWorks did not back Trobo, and Herjavec’s legal contingencies were too onerous.
What Is the Net Worth Of Trobo?
The valuation Of Trobo was $1 million when it appeared on Shark Tank. The net worth of Trobo is unknown as of 2023 since the company went out of business.