This is a big problem in today’s society, programming is seen from such a perspective that it is the most difficult task. Because coding is not an easy education.Ĭoding is such a thing that if there is no interest in it then it is difficult to learn it. It becomes a huge task for every parent to make their child learn coding at a young age. There are many parents who make their kids start learning programming from their childhood so that they can improve their life. If humans want to survive in the feature, then it is very important for them to come to coding, because without coding no work can be done. There are all the new technology will be made through coding. The Hopscotch platform teaches coding to kids, as the upcoming future is going to be technology. Hopscotch founder Samantha John came to Shark Tank for funding for her education platform, and asked Shark for $400,000 for 4% equity.
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And the fact that we got a deal with him, I've lost all my words."ĭisclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank.Hopscotch is an educational app that teaches kids how to code so they can create and play their own games.
"When Mark Cuban said he looked up to me, my heart stopped. The deal was surreal for John, she said during the episode. After a bit of negotiation, he and John agreed on a $550,000 investment for 11%, valuing the company at $5 million. So, Cuban offered John $400,000 for 16% equity. (Artificial intelligence plays a large role in many of the companies Cuban invests in.) "I could work with you to do a coding camp for kids how to make money with your phone, how to create games to make money." We introduce kids, high school kids primarily, in minority communities ," he told John. "My foundation, the Mark Cuban Foundation, something called the AI Bootcamp. We want a little bit more capital so we can get rid of the paywall."Ĭuban, with his prior experience on Hopscotch, felt connected to the app and easily envisioned what he could do with it in the future. That's why she wanted a Shark – "it's not really the right business model for Hopscotch. "We're not burning cash, but we're not really making cash." It costs $7.99 per month or $79.99 per year to subscribe.Īs a result of the subscription model, "we're profitable," John said.
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While the app started completely free in 2012, John introduced an option for customers to subscribe for additional features in 2015, and now, it has 6,200 subscribers, she said.
Doing these games with them was thrilling to me."Īlong with Cuban, the rest of the Sharks were also impressed with John and Hopscotch, but were shocked by her ask for a $400,000 investment in exchange for just 4% equity, which would value the company at $10 million.īut Hopscotch would be worth the high investment and low stake, John said. "When it comes to kids and school, there are some other alternatives, but Hopscotch is the go-to name," he told the other Sharks.Ĭuban admitted that he has been a Hopscotch fan "forever." In fact, he told John, "I look up to you for what you've been able to accomplish and what you've been able to do for my daughters and my son. "You were dominating for kids' programming language at the time," Cuban recalled. His kids: Alexis, 18 Alyssa, 14 and Jake, 11, use the app. And John already had a fan among the Sharks: Mark Cuban.
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