What Happened to Hangease After Shark Tank? [Update 2023]

by

Ryan Landis’ product Hangease is simply the answer to your daily issue of hanging clothes with conventional hangers in your wardrobe. This foldable hanger fits in your cupboard or closet and can be folded away for suitable storage. It’s a must-have in your pantry. Let’s Find out what really happened to hangease after shark tank.

Hangease was simply included on Shark Tank where Ryan Landis pitched his creation to the sharks. He achieved to save a deal with Mark Cuban and Barbara Corcoran for $800,000 for 30% equity in his corporation.

Though, it seems that not all is well with Hangease after their entrance on Shark Tank. The company has been mired in disagreements and lawsuits since then.

What Happened to HangEase After Shark Tank?

HangEase After Shark Tank

Now, on the hit show Shark Tank, entrepreneurs have the opportunity to pitch their business ideas to a panel of investors also recognized as “the sharks.”

If the sharks are absorbed in the product or service, they might invest in the company. Lately, one of these businesses seemed on Shark Tank Hangease.

Also Check:

What is HangEase?

HangEase is a foldaway, durable, reinforced closet and space organization solution corporation that makes Hanger crops. All Hanger items are envisioned to keep clothes tidy and wrinkle-free while also freeing up closet space you didn’t know you had.

Ryan Landis of Plano, Texas formed HangEase as a third-grade school project. When he was simply ten years old, Ryan Landis considered a folding hanger named HangEase.

He ripped off his clothing hanging in the isolated and broke hanger after hanger. HangEase is made of tough, reinforced plastic that can stand up to regular use and is strong enough to hang heavy winter jackets.

HangEase takes up very little space in your secret but can care a lot of weight.

Who is the Founder of HangEase?

Ryan Landis of Plano, Texas, began HangEase as a third-grade school project. In 2003, when he was in third grade, Ryan built HangEase for a school innovation contest. A parent who simply runs a business that sells to Wal-Mart became absorbed in his product. Ryan engaged a patent lawyer and simply gave the device to about 100 shops.

A third-grader had the original awareness of Hangease while engaged in a science project for school. The creator saw his potential and permitted him to sell the product at Walmart. Now, simply anyone with this problem can effortlessly find a solution that works faultlessly for them.

After that, the product was rolled out in 100 shops and a patent was gotten for it. Now at the age of 20, he wishes to see his invention accessible in many stores across the country as well as online.

Ryan simply required to see HangEase in stores 11 years after he first pitched the idea on Shark Tank. Although the material is regulated and patented, little has been done with it since its early flurry of activity between 2003 and 2006. Ryan was too busy as a teenager to purchase HangEase online, but now he wants to turn it into a corporation.

HangEase Before Shark Tank

Hangease Before Shark Tank

For some businesspersons, inspiration for ground-breaking ideas can come from anywhere. For Ryan Landis from Plano, Texas, a third-grade school project was the spark that led him to grow an idea that would save people time and money. This finally led him to appear on Shark Tank.

As with every other kid Eight-year-old Ryan was like an extremely normal boy in that he would pull his shirts right off of a hanger and, in the procedure, either the hanger or shirt would be injured. The school project, which was named the “Invention Convention”, asked students to go through their individual homes and find a problem before making a solution for it. 

Ryan tested with the hangers in his closet and eventually advanced a new kind of hanger with a unique hinge in the middle. This hinge permits the hanger to fold up when downward pressure is functional to it; thus saving clothes – as well as any injury to the original hangars themselves.

In 2006, Ryan accessible his invention at an exhibit at the school, and fortune grinned at him when a school friend’s mother ran a business with influenced large stores. She was able to assist Ryan in getting his making stocked in Walmart in 2006, and sales were decent.

Inappropriately, Ryan’s studies soon took precedence, and he had to put his corporate activities on hold while he finished school. In 2014, when he was 19 years old, Ryan had over his education and hoped to be one of the sharks’ targets for a partnership in the HangEase corporation. He attempted to do so in April 2014 with this aim in mind.

Hangease Net Worth 

During the shark tank appearance, Hangease was valued at approximately $2.67 million.

FAQs (frequently asked questions):

  • Which Shark Tank businesses have failed?

It’s significant to remember that even if a business does not succeed instantly after appearing on Shark Tank, this does not mean that the business is doomed to fail. Numerous businesses take time to grow and develop before becoming effective. For instance, Scrub Daddy was not an immediate success after looking at Shark Tank. However, with time and continued effort, Scrub Daddy became one of the most effective Shark Tank businesses.

  • Is Hangease still in business?

Not at all, Hangease is no longer in operation as of today. The corporation wanted a strong retail attendance for the product that it felt would be its future, and it saw itself in numerous retail outlets before Shark Tank. Though, the product went out of business after a partnership with Lori and Mark Cuban.

  • Was Hangease a scam?

Not at all, Hangease was not a scam. The corporation was a real business with a product that did not end up succeeding in the long run. While Hangease might not have been successful, the corporation was not a scam.

Conclusion:

We have shared everything about Hangease After Shark Tank in this article for you if the info that we shared above helped you in any way then do share it with others.

Leave a Comment