What Happened To Tycoon Real Estate After Shark Tank?

A real estate crowdfunding website, Tycoon Real Estate, is introduced to the audience in Shark Tank episode 620, hosted by serial entrepreneur Aaron McDaniel.

Former AT&T vice president McDaniel launched the site after the JOBS Act was passed in 2012, allowing non-accredited investors to fund small private enterprises online using crowdfunding.

Tycoon Real Estate has an easy-to-use crowdfunding platform. You can browse the ads on the Tycoon Real Estate website, classified according to the risk factor from 1 to 5.

All listings include a forecast of the expected return. You can click on an opportunity to invest in real estate, and a Tycoon Real Estate representative will contact you within 24 hours to finalize the transaction.

The “paperwork” is completed online, and the payments are sent electronically.

You become a partner in the limited liability company that owns the property once you close the deal.

Once a transaction is complete, the gains are divided between the “shareholders.”

Tycoon Real Estate is actively active in the thriving real estate market in San Francisco.

Tycoon Real Estate is seeking to expand into other markets and is hoping to speed up the process with the help of a Shark.

Do you think a Shark would want to be a real estate tycoon someday?

What Is Tycoon Real Estate?

Tycoon Real Estate is a crowdfunding platform that allows anyone to invest in real estate transactions listed by individuals seeking financing.

The popularity of crowdfunding has grown tremendously over the years, but investing in real estate is an entirely new way to generate money.

The 2012 Jumpstart Our Business JOBS Act allows Tycoon Real Estate to operate similarly to other crowdfunding websites. 

Tycoon Real Estate Shark Tank Update

Non-Credited Investors can participate in the actual business’s success thanks to the JOBS Act rather than receiving a new product as a reward for their first investment.

This means that, in the instance of Tycoon Real Estate, you can theoretically invest in huge real estate deals in the hottest markets in the United States of America for as little as $1,000.00 in cash.

Company NameTycoon Real Estate
FounderAaron McDaniel
BusinessReal estate investment platform that allows people to invest through crowdsourcing
Investment Seeking$50,000 For 5% equity in Tycoon Real Estate
Final DealNo Deal
SharkNo Shark
Episode Season 6 Episode 16
Business StatusAcquired
WebsiteVisit Website

Who Is The Founder Of Tycoon Real Estate?

Entrepreneur Aaron McDaniel is the founder and CEO of Tycoon Real Estate, who appeared on Shark Tank in 2015.

The pitch was a disaster. “Scammy” and “spooky” were two terms bandied around by Sharks.

Tycoon Real Estate Before Shark Tank

It is common for the Sharks to come across companies beyond their extensive business experience, and on most occasions, they reject the proposed acquisition because it is a risky venture.

The function of crowd-funding is relatively new, and it has been used in a variety of existing markets. However, the Sharks often have refused to participate in crowdfunding projects.

What if the entrepreneur behind the crowd-funding concept was more vibrant than they are?

Aaron McDaniel, CEO and founder of Tycoon Real Estate has extensive business experience.

When he was at the Fortune 100 company, he was in the top 1% of business sales managers at AT&T.

He is the author of ‘The Young Professional’s Guide to the Workplace’ and ‘The Young Professional’s Guild to Management.’

Additionally, he instructed a leadership course at the University of California, Berkeley.

You’d think that an accomplished business person would be the type of entrepreneur the Sharks would embrace, and in January 2015, he found out when he pitched his online crowd-funding real estate venture to them in the tank.

How Was The Shark Tank Pitch Of Tycoon Real Estate?

Aaron pitches his business Tycoon Real Estate seeking an investment of $50,000 for a 5% stake in his business.

He describes the operation of Tycoon Real Estate and real estate crowdfunding. Mark quickly declares his distaste for the operation and leaves.

He takes the Sharks through one of the site’s offerings. He asserts that we are on the verge of a new age.

Robert is curious about recouping his investment; Aaron explains how each investment works. Tycoon Real Estate charges a 1.5 percent transaction fee.

Tycoon Real Estate has completed two transactions to demonstrate the concept. Kevin suggests that he purchase a REIT; Aaron disagrees, stating that individuals have a stronger attachment to tangible property.

Robert believes that those considering investing in this should be more conservative. Mark asserts that crowdfunding entices those who cannot afford it.

Lori is opposed to the notion, believing it dangerous and unsettling.

Barbara believes that any real estate investment is contingent on the lead developer; she also believes that it is frightening; she is out.

What Happened To Hater App After Shark Tank?

Kevin asserts that he is aware of the responsibilities associated with managing other people’s money. 

Kevin offers $50,000 for 50%, but he wishes to rebrand the business under his name. Aaron politely declines.

Final Deal: No Deal between sharks and Tycoon Real Estate.

What Happened To Tycoon Real Estate After Shark Tank?

Aaron had the opportunity to hope for increased website traffic following his appearance on the show, but that did not happen.

He claimed that his website had crashed after receiving 50,000 hits within hours of airing. Yet, I found multiple references to it being unreliable and experiencing regular downtime weeks before he appeared.

Aaron did receive some investor inquiries after the show, but they all fizzled. He attempted to generate interest in the Tycoon Real Estate brand but received no response.

Aaron received a rescue package in November 2015 due to the efforts of established rivals.

Five real estate crowdfunding platforms acquired the business for an unknown value.

The group, led by ‘Patch of Land,’ wanted to show the sharks wrong and convince investors that crowd-funded real estate is the future of investment.

Jason Fritton, CEO of Patch of Land, wanted to correct any misconceptions about the sector and expressed gratitude for the industry’s more widespread visibility due to Aaron’s appearance on the show.

However, the consortium’s intentions seem to have fizzled as of 2021.

The Tycoon Real Estate website has been deactivated for a long time. However, the social media accounts continue to generate press and media attention; the company is now nothing more than a moniker.

What Happened To Hoppy Paws After Shark Tank?

Aaron has since established a new business at the same location. He introduced Access Investors Network, a mobile application that allows potential investors to access hundreds of crowd-funding sites from one location.

Aaron has had his app available since June 2016, and though it hasn’t made much of an impact in the rapidly growing real estate crowdfunding industry, I suspect that Aaron hasn’t given up just yet.

Aaron is available for engagements ranging from $7,000 to $10,000 a time through BigSpeak.com, but I’m sure he doesn’t want to dwell too much on his Shark Tank experience.

Aaron stated recently that the show did not hold many fond memories. The sharks’ behavior made Aaron feel as though he was being baited to provide entertaining television, which was unquestionably the case, regardless of how you view Aaron or Tycoon Real Estate.

Is Tycoon Real State Still In Business?

Aaron has sold Tycoon Real Estate and moved to another venture.

McDaniel has subsequently launched Access Investors Network, allowing investors to track their contributions to crowdfunding campaigns.

What Happened To Potato Parcel After Shark Tank?

A coalition of five crowdfunding platforms led by American Homeowner Preservation’s Jorge Newbery acquired Tycoon Real Estate.

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