What Happened to HiccAway After Shark Tank?
What is HiccAway?
HiccAway is an L-shaped thick plastic straw-shaped suction and forced inspiratory swallow device. The straw’s bottom has two tiny pores on opposite sides, making liquid flow difficult.
As the user attempts to suck through the straw, two nerves in the diaphragm and epiglottis are simultaneously activated, curing hiccups.
Aside from being extremely simple to use and clean, Seifi’s innovation is marketed as a rapid therapy for hiccups that anybody over the age of one may use.
Who is the founder of HiccAway?
Dr. Ali Seifi, the founder of HiccAway, holds a Doctor of Medicine degree from Iran’s Shiraz University of Medical Sciences.
He subsequently completed a residency in Neuron Critical Care at Thomas Jefferson University in Philadelphia before becoming a Clinical Director at the University of Texas.
He formerly worked in the Departments of Neurosurgery, Neurology, and Anesthesiology at UT Health San Antonio and is currently the chief of the Neurointensive Care Unit. Dr. Seifi is also the Editor-in-Chief of the Journal of Neurology Research.
While working as an anesthesiologist, Seifi got interested in hiccups after noting that patients in the recovery area were commonly prone to the condition.
Furthermore, hiccups were a big issue following surgery, and with no effective treatment for a quick cure, Seifi recognized he needed to act.
Seifi went to the drawing board with an idea already in his head and came up with HiccAway.
In May 2020, he launched a successful Kickstarter campaign. The HiccAway will begin delivering in July 2020.
His residency students were the ones who came up with the product’s name! It is suitable for youngsters aged one and above, so virtually everyone may use it. On Amazon, they’re a reasonable $14. They are also available at Wal Mart and HEB Organics stores.
What Happened to HiccAway at Shark Tank pitch?
In Shark Tank episode 1305, Dr. Ali Seifi, Amanda Azarpour, and Victor Feldberg present HiccAway, Dr. Seifi’s hiccup-curing breakthrough, to the Sharks and the globe. As a neurologist, the outstanding Doctor needs the support of a Shark to assist them with manufacturing and sales.
Dr. Seifi, Amanda, and Victor appeared on Shark Tank seeking $250,000 in return for a 10% stake in their business, worth $2.5 million.
They show how “home remedies” do not work before demonstrating the HiccAway. Mark inquires about its success, and Dr. Seifi says that they did a study that was published in JAMA and shown 90 percent efficacy.
Daymond was experiencing terrible hiccups and is intrigued as to how they work. To show how it works, the doctor employs a pictorial aid.
Onstage, they show a video testimonial, which impresses the Sharks. Kevin explains why he can’t recreate the effect using a straw, and the doctor explains how the particular pressure level allows it to work. After that, he goes over his medical history.
Dr. Seifi and Victor are equal partners, and Amanda Seifi’s niece works on commission as the head of marketing. They cost 70 cents to produce, $6 to distribute, and $14 to sell retail. They’ve sold 21,000 copies for a total of $300,000 in sales.
Barbara claims that she cannot imagine having it conveniently accessible in her home, so she went out. Kevin feels that convincing people that it works will be challenging. Lori was dubious whether there was a need, so she exits.
Mark enjoys it since it is supported by science. He expects it will become a standard item in every household’s medicine cabinet. He offers $250,000 in return for 20% ownership of the company.
Kevin says he’ll do it for $250,000 in exchange for a 15% stake. They come together and ask Mark if he will accept 15% stock shares; he declines.
They respond offering an 18% stake, but Mark declines. They eventually accept Mark’s offer of $250,000 for 20% stock and leave the presentation with a deal.
What Happened to HiccAway After Shark Tank?
The deal with Mark Cuban is undergoing due diligence. The company grew at a dizzying speed. Seifi quickly learned that his product was being reported by prominent news outlets such as The Guardian, Daily Mail, New York Post, and Business Insider.
The company is still in operation as of February 2022, and its revenue has not been reported.
Competitors of HiccAway
Creo Medical, CoapTech, Barrx Medical, and C2 Therapeutics are among HiccAway’s main competitors.
Net Worth of HiccAway
During the pitch, the firm was valued at $2.5 million, but following Mark Cuban’s investment, it is now worth $1.25 million. Since then the company has a net worth of $800,000.
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HiccAway FAQs
What is HiccAway?
HiccAway is an L-shaped thick plastic straw-shaped suction and forced inspiratory swallow device. The straw’s bottom has two tiny pores on opposite sides, making liquid flow difficult.
Who invented HiccAway?
Dr. Ali Seifi, the originator of HiccAway, holds a Doctor of Medicine degree from Iran’s Shiraz University of Medical Sciences. He subsequently completed a residency in Neuron Critical Care at Thomas Jefferson University in Philadelphia before becoming a Clinical Director at the University of Texas.
How much were they seeking on Shark Tank?
They were looking for $250,000 in exchange for a 10% ownership in the firm.
Who invest on HiccAway?
Mark Cuban put up $250,000 for a 20 percent stake in the firm.
Is HiccAway still in operation?
Yes, HiccAway is still in operation as of February 2022; however, the company’s revenue has not been published.
Where can I find HiccAway?
The company’s headquarters are in Cambridge, Massachusetts.
How much does HiccAway cost?
HiccAway is decently priced on Amazon at $14. They are also available at Wal Mart and HEB Organics stores.
Is HiccAway completely odorless?
HiccAway is completely odorless.
How do you make use of HiccAway?
HiccAway is an L-shaped thick plastic straw-shaped suction and forced inspiratory swallow device. The straw’s bottom has two tiny pores on opposite sides, making liquid flow difficult. The suction stops the hiccups.
How long does HiccAway take to work?
Most people’s hiccups should subside within one or two minutes.
Is the HiccAway straw effective?
Yes, HiccAway is functional.
Is HiccAway secure?
Yes, it is safe for newborns and toddlers above 1 year old. It has cleared clinical trials in both Australia and the United States. It is constructed of FDA-approved food-grade plastic. The entire product is devoid of BPA.
How should the HiccAway straw be cleaned?
The straw may be properly rinsed with warm water or placed in the dishwasher.
Is there any risk of adverse effects?
HiccAway is completely safe for use by people of all ages, with no known side effects.
Is HiccAway protected by a patent?
HiccAway is, in fact, a patent.
How big are the suction mouths?
It is the size of a golf ball, with 0.24 x 0.21 inch diameter holes.
Can HiccAway straws be reused?
Yes, they may be used repeatedly until they shatter or become useless.
Are HiccAway straws compostable?
Yes, they are comprised of 90% recycled plastic and are easily recyclable through curbside recycling bins or community recycling facilities.
Where is HiccAway manufactured?
HiccAway is produced in Canada.
