What Happened to HangEase After Shark Tank?
What is HangEase?
HangEase is a firm that creates foldable, strong, reinforced closet and space management systems. All Hanger products are designed to keep clothing neat and wrinkle-free while freeing up closet space you didn’t know you had.
Ryan Landis of Plano, Texas, created HangEase as a third-grade school project. When Ryan Landis was ten years old, he invented HangEase, a folding hanger. He destroyed hanger after hanger after pulling off his stuff hanging in the closet.
HangEase is made of high-quality, reinforced plastic that is built to last and robust enough to hang bulky winter coats. HangEase is designed to handle a large amount of weight while taking up as little space as possible in your closet.
Who is the man behind HangEase?
Ryan Landis of Plano, Texas, created HangEase as a third-grade school project. Ryan developed HangEase for a school invention competition in 2003, while he was in third grade.
Another parent who owns a firm that sells to Wal-Mart was intrigued by his product. Ryan retained the services of a patent attorney and distributed the product to around 100 stores.
Fast forward 11 years to Shark Tank, and Ryan, now around the age of 20, wants to see HangEase on many store shelves.
The chemical has been registered and patented, but little has happened with it since the first surge of activity from 2003 to 2006.
There is currently no way to buy it online. Ryan was undoubtedly too busy as a kid, but he now wants to convert HangEase into a business.
What Happened to HangEase’s Shark Tank Pitch?
Ryan Landis plans to see the Sharks and obtain an investment for HangEase, a retractable hanger, in season s episode 27 on April 4. He is keen to collaborate with a Shark in order to enhance production and distribution while also obtaining a significant money influx.
Ryan entered the Shark Tank seeking for $80,000 in exchange for a 30% stake in his firm, which worth $266,667.
He makes his presentation and shows how the hangers work. He gives out samples and states that he didn’t work on the business for five years so that he could focus on schooling.
He had previously sold 400,000 hangers at Wal-Mart. This leads in sales of up to $200,000 and profits of up to $70,000. The Sharks are baffled as to why Wal-Mart stopped selling them.
He claims to have a fully authorized utility patent, but Lori says she’s seen identical hangers before.
Because Robert does not see the need for the product, he declines. Kevin exits because the product “irritates the heck out of me.”
Barbara also exits because she was upset over Ryan’s absence from the firm.
In exchange for patent verification, Mark claims he’ll pay $80,000 for 30% ownership. He invites Lori to join him in the deal, which she accepts.
Ryan accepts the offer and walks away from the pitch with a deal.
What Happened to HangEase After Shark Tank?
The deal with Lori and Mark never materialized, and Ryan never resumed the firm after the episode aired, despite the fact that Ryan left the presentation with a deal.
In reality, he received the patent in 2007. He created a Lytic peptide biosensor in 2019, suggesting that he has progressed to bigger and better things. The company is no longer in operation, and its website and Facebook page are no longer accessible.
HangEase’s Net Worth
During the pitch, the firm was valued at $266,667; however, the company is no longer in operation, therefore the company net worth is unavailable.
What was HangEase?
HangEase was a firm that creates foldable, strong, reinforced closet and space management systems.
Who’s the owner of HangEase?
Ryan Landis, a young man from Texas, invented HangEase as a third-grade school project.
Where can I buy HangEase products?
HangEase is currently not available for sale.
When was HangEase available?
HangEase was available to purchase in stores starting in 2006; however, it is currently not available by any retail store or online retailer.
How much is a HangEase products?
The cost of HangEase is unavailable.
How do I contact HangEase?
It appears that Ryan Landis and his firm is no longer in operation, so contacting them is impossible.
Was HangEase a scam?
No. HangEase is a real product owned by Ryan Landis, who claimed that he had sold 400,000 hangers at Wal-Mart. The firm was valued at $266,667; however, the company no longer in operation therefore the owner net worth is unavailable.
What was HangEase made of?
HangEase was made out of reinforced plastic suitable for use in all types of environments.
How did HangEase work?
HangEase is a fold-out, retractable hanger that hangs and goes right back where it came from without taking up too much space.
What was the return policy of HangEase?
The return policy of HangEase was unavailable.
Was HangEase reusable?
Yes. HangEase is a foldout hanger that collapses again and takes up little space. Doesn’t prevent the hooks from getting caught on other clothes, though.
Was HangEase durable?
It was designed to be very durable and also very light, so it is a good choice for heavy-duty use.
How did Ryan Landis build HangEase?
Ryan built HangEase by using 3D CAD software belonging to his school to design the hangers. He then created prototypes out of PVC pipe with cardboard on the inside. These prototypes were then 3D printed after the second prototype had been made.