A tic can be extremely annoying and even painful at times. Many individuals have attempted time-tested techniques to get rid of them, such as holding their breath or becoming afraid, but they aren’t always effective.
With their product, Hiccaway, Dr. Ali Seifi, Amanda Azarpour, and Victor Feldberg devised a brilliant answer to this issue. It’s a unique straw made to promptly put an end to hiccups. They went on Shark Tank in Season 13 in an attempt to convince the Sharks to help them expand their company.
They requested $250,000 for a ten percent stake in their business. Will the entrepreneur get a deal on Shark Tank? Check out our company update to find out!
hiccaway net worth 2024
Dr. Ali Seifi, Amanda Azarpour, and Victor Feldberg asked for a $250k investment in exchange for 10% equity in their company. This meant they valued their company at $2.5 million. They made a deal with Mark Cuban for $250,000 in exchange for 20% of their company, which valued their company at $1.25 million.
After the show aired, HiccAway saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of HiccAway in 2024 is about $1.63 million.
Hiccaway Shark Tank Update
HiccAway kept growing and thriving even after making an appearance on Shark Tank. The business did successfully close the Mark Cuban deal. HiccAway has generated revenues of more than $1 million as of 2024. The product is currently offered by well-known stores like H-E-B, Walmart, and Amazon.
This achievement demonstrates that HiccAway has established itself in the market. The company is still operating today. Helping consumers to easily and swiftly get rid of their difficulties. They have also been highlighted by a number of popular magazines and have drawn notice from a variety of media sources. All things considered, the business is growing and doing really well. Keep reading our Hiccaway update to find out what happened next!
In terms of a Hiccaway update, It’s true that HiccAway closed the deal on Shark Tank. They requested $250,000 for a ten percent stake in their business. The deal was accepted when Mark Cuban provided $250,000 for a 20% stake. After some negotiations, the founders accepted Mark’s offer in exchange for 15% equity from Kevin O’Leary who had also offered $250,000.
The agreement with Mark Cuban ultimately went through and has aided in the expansion of the business.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Barbara Corcoran | out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | $250,000 for 15% equity | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | $250,000 for 20% equity | $250,000 for 15% equity | Yes to original offer |
Hiccaway Shark Tank pitch
In our Hiccaway update research, Physician Ali Seifi HiccAway was founded by Amanda Azarpour and Victor Feldberg as a solution to an issue that many individuals have. Without depending on old treatments that might not be effective. They aimed to develop a straightforward gadget that might swiftly stop hiccups.
In the early phases of product development, they encountered a number of difficulties. Determining how to build the straw to generate the proper amount of pressure to prevent hiccups was a significant issue. They also needed to figure out how to make the product user-friendly and reasonably priced. They overcame these obstacles to create a useful product that has benefited a large number of people.
In their Shark Tank pitch, the founders introduced HiccAway as a fix for the issue of recurring hiccups. They clarified that the straw functions by exerting pressure, which causes the diaphragm to drop and prevents hiccups. They requested $250,000 from the Sharks in exchange for a 10% stake in their business. Though interested, the Sharks had some doubts about the product’s viability and method of operation. The creators of HiccAway were honest about their business plan and the platform’s potential.
Throughout the pitch, HiccAway was questioned by the Sharks multiple times. They were interested in finding out how the straw functioned and whether it was simple to replicate using a standard straw.
According to Dr. Ali Seifi, the HiccAway straw was created specifically to generate the ideal amount of pressure, which is not achievable with a standard straw. A few Sharks expressed doubts regarding the product’s necessity or its commercial viability. In spite of this, the product’s creators gave thorough explanations and gave examples of how well it worked.
The first Shark to leave the program was Barbara Corcoran. She was skeptical that she would invest in or use the product. Lori Greiner also made the decision to leave since she didn’t think there was a big enough need for the product. Mark Cuban offered $250,000 in exchange for 20% ownership. expressing optimism about the product’s future.
After that, Kevin O’Leary made a rival offer of $250,000 in exchange for 15% stock. Insisting on an immediate result. Mark Cuban threatened to withdraw his offer if the founders take Kevin’s offer into consideration. After considerable bargaining, Mark Cuban’s offer was finally approved by the founders.
The primary problem with HiccAway on Shark Tank was doubt regarding the need for and effectiveness of the device. A few Sharks questioned whether the product might be readily replicated or if it was something that people would use on a regular basis.
Furthermore, Barbara and Lori didn’t think their financial methods fit together well. Despite these reservations, Mark Cuban chose to invest because he thought the project had potential. Despite an extended and intensive discussion process, the founders finally agreed to the terms with Mark.
Product Availability
HiccAway is a straightforward yet creative device that works fast to put an end to hiccups. It’s a straw designed to apply just the proper amount of pressure to the diaphragm to halt hiccups. You can buy the product straight from the HiccAway website.
Major merchants including Amazon, Walmart, and H-E-B also carry it. The product’s affordable pricing makes it available to a large number of people. HiccAway has increased its consumer base and revenue thanks to its distribution through well-known stores.
Conclusion
The Shark Tank experience for HiccAway was a success, even if the Sharks were at first skeptical. The agreement with Mark Cuban facilitated the company’s expansion and notable revenue growth. Due to its growing popularity, the product is currently offered by big-box stores. The success of HiccAway demonstrates the potential impact of a straightforward solution to a typical issue. We’re interested to watch how HiccAway develops and grows in the future.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
