Shark Tank US | Lori and Robert Team Up To Make Hidrent An Offer | Summary and Q&A

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June 27, 2022
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Sony Pictures Television
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Shark Tank US | Lori and Robert Team Up To Make Hidrent An Offer

TL;DR

Hydrant Pro is a mobile app that connects homeowners with trusted firefighters in their community to help with various home projects.

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Questions & Answers

Q: How did the founder come up with the idea for Hydrant Pro?

The founder, Dave, was inspired by his brother-in-law, a firefighter, and his own experience using a home repair app.

Q: How long has Hydrant Pro been in business and what are its sales numbers?

Hydrant Pro launched in 2018 and has seen increasing sales, with a lifetime total of $850,000 and sales of $325,000 year-to-date.

Q: How does Hydrant Pro connect homeowners with firefighters?

Hydrant Pro can be found through Google, Facebook, and Nextdoor, providing homeowners with easy access to trusted firefighters in their community.

Q: What challenges does Hydrant Pro face in building their marketplace?

Building a marketplace for local services can be challenging, as it requires extensive neighborhood-to-neighborhood marketing and user acquisition.

Q: How does Hydrant Pro plan to expand to more neighborhoods?

While neighborhood expansion requires resources, Hydrant Pro can leverage online advertising and hire a team to increase visibility and acquire users.

Q: How did the sharks react to Hydrant Pro's pitch?

While some sharks expressed concern about the challenges of building a marketplace, Barbara and Robert offered a joint deal to invest in Hydrant Pro.

Q: What was the final deal made with Hydrant Pro?

Barbara and Robert made a deal for a $300,000 investment in exchange for 33.33% equity in the company.

Summary & Key Takeaways

  • Hydrant Pro is a mobile app that connects homeowners with firefighters in their neighborhood to assist with home projects.

  • The app allows homeowners to find trusted and reliable firefighters who are skilled in various tasks.

  • Through the app, firefighters can view project details, accept jobs, and submit invoices, streamlining the process for both parties.

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