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.
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.
With 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 Name||Tycoon Real Estate|
|Business||Real estate investment platform that allows people to invest through crowdsourcing|
|Investment Seeking||$50,000 For 5% equity in Tycoon Real Estate|
|Final Deal||No Deal|
|Episode||Season 6 Episode 16|
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.
Tycoon Real Estate Before Shark Tank
The Sharks often come across businesses that are completely foreign to their experience, and in most cases, they reject deals simply because the unknowns surrounding the business are too big for them to handle.
Crowdfunding is a relatively new form of funding that has already been applied to many established markets. However, the Sharks are hostile to businesses that involve crowdfunding.
Would the Sharks be more interested in an entrepreneur as dynamic as the Sharks?
Aaron McDaniel is the founder and CEO of the successful real estate website Tycoon. He has a great deal of business experience.
Aaron McDaniel was one of the youngest regional vice presidents at AT&T. He was also one of the top 1% of business sales managers during the decade he worked at a Fortune 100 company.
He co-authored the Young Professionals Guide to the Work World and The Young Professionals Guild to Managing.
Aaron McDaniel is an extremely successful entrepreneur who has taught leadership courses at the University of California, Berkeley.
If I had to guess, a business as successful as Aaron McDaniels would be exactly the kind of thing the Sharks would welcome with open arms. They were very surprised when Aaron showed them the first deal he had negotiated.
How Was The Shark Tank Pitch Of Tycoon Real Estate?
Aaron appeared on Shark Tank requesting an investment of $50,000 for a 5% stake in Tycoon Real Estate.
Aaron left the Shark Tank stage without securing any deal from the Sharks for Tycoon Real Estate.
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 received 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.
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 impacted 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 he was being baited to provide entertaining television, which was unquestionably the case, regardless of how you view Aaron or Tycoon Real Estate.
Tycoon Real Estate Shark Tank Update
Aaron McDaniel is moving on to build Access Investors Network, an app that lets investors track the money they invest in companies they want to acquire.
A group of crowdfunding platforms acquired Tycoon Real Estate. One of them is headed by Jorge Newbery of American Homeowner Preservation.
Is Tycoon Real State Still In Business?
Aaron has sold Tycoon Real Estate and moved to another venture, and its website redirects to another website, so it is safe to say that Tycoon RE is out of business as of 2022.
What Is the Net Worth of Tycoon Real Estate?
The valuation of Tycoon Real Estate was $1 million when it appeared on Shark Tank. The net worth of Tycoon Real Estate is unknown as of 2022 since another venture acquired it.