iReTron Net Worth Shark Tank Update 2025

Jason Li was featured on Shark Tank. He was merely 16 years old. Jason owned a business named iReTron. It repurposed outdated electronics. Jason had a straightforward concept. Individuals might offer their used devices for sale. Subsequently, iReTron would compensate them. Subsequently, iReTron either recycled the items or sold them again. Jason referred to this concept as “re-commerce.”

His aim was to create a more environmentally friendly world. Jason sought $100,000 in exchange for 20% ownership. Jason explained how his business operated. He also discussed his difficulties. Will the entrepreneur get a deal on Shark Tank? Check out the iReTron update to find out!  

iReTron Net Worth Shark Tank Update 2025

Jason Li went on Shark Tank asking for $100,000 for 20 % of his company. This meant he thought his business was worth $500,000. He made a deal with Mark Cuban and Barbara Corcoran for $100,000 for 20 %, keeping the same valuation. The episode was aired on February 21, 2014. The electronics recycling company later shut down. The current net worth of iReTron is $0 in 2025.

The Sharks liked Jason’s passion. But things didn’t go as planned. Jason made a deal on the show. He partnered with Barbara Corcoran and Mark Cuban. The deal was $100,000 for 20% equity. Sadly the deal never closed.

Reports say the company shut down in 2019. Jason moved on. He worked at other companies after iReTron. As of 2024 iReTron no longer exists. Jason now enjoys surfing and other hobbies. iReTron’s journey ended but Jason’s passion for innovation lives on.

Yes Jason got a deal on Shark Tank. He asked for $100,000 in exchange for 20% equity. Barbara Corcoran made an offer. She agreed to Jason’s ask but added conditions. Mark Cuban also joined the deal. Together they offered $100,000 for 20% equity. Jason accepted. But the deal was never finalized after the show. This means Jason did not get the money or support from the Sharks in the end.

Shark(s) Name	Offer & Demand	Counter Offer	Accepted?
Lori Greiner	Out	N/A	N/A
Barbara Corcoran	$100,000 for 20% equity(Combined Offer)	N/A	Yes
Kevin O’Leary	Out	N/A	N/A
Robert Herjavec	Out	N/A	N/A
Mark Cuban	$100,000 for 20% equity (Combined Offer)	N/A	Yes

iReTron Shark Tank pitch

At the age of 16, Jason Li founded iReTron. He had a passion for technology. He was also concerned about the environment. Jason noticed a significant issue. Individuals disposed of outdated electronic devices. This led to waste. Jason wished to assist. His approach was to repurpose and recycle these devices. He referred to it as “re-commerce.” The concept was straightforward. Individuals can trade in their old electronics for cash at iReTron.

They were paid by Jason’s company. Subsequently iReTron either recycled or sold the products. This contributed to minimizing waste and made devices cheaper for others. Launching iReTron was challenging. Jason needed to acquire numerous skills. He needed to determine how to gather electronics. He also had to locate purchasers for recycled products. Marketing posed a significant challenge.

Jason faced challenges in spreading the word about iReTron. However, he did not quit. He continued to put in effort. Jason’s endeavors attracted the interest of Shark Tank. His presence in the program was a significant advancement for iReTron. It demonstrated his enthusiasm and resolve to create an impact.        

Jason’s presentation on Shark Tank was straightforward. He described the functioning of iReTron. Visitors could access his website. They might receive a valuation for their outdated devices. Afterward, they shipped the products to iReTron at no cost. Subsequently, they received their payment within 48 hours. Jason additionally revealed how he earned income. He sold functional devices at a reduced price.

Damaged devices were repurposed. Jason informed the Sharks that he made $40,000 within a year. His profit margin was 25%. 

Jason requested $100,000 in exchange for 20% ownership. He mentioned that he required assistance with marketing. Certain Sharks appreciated his concept. Some felt uncertain. They posed challenging inquiries. Jason remained assured. He had faith in his enterprise. He also demonstrated his enthusiasm for supporting the environment.         

The Sharks posed numerous questions to Jason. They were interested in learning more about iReTron. Robert Herjavec inquired about the growth of the company. He stated that $40,000 in sales was insufficient. Jason stated that he required assistance with marketing. He was convinced that iReTron could expand with the appropriate assistance. Mark Cuban inquired whether Jason possessed a patent.

Jason declined. He acknowledged that his concept wasn’t original. Kevin O’Leary was curious about Jason’s earnings. Jason mentioned that his profit margin was 25%. Kevin did not feel impressed. He mentioned that the business was simple to replicate. 

Barbara Corcoran inquired about Jason’s intentions. She appreciated his enthusiasm. However, she had worries. She pondered whether Jason was capable of managing the business. Jason informed her that he found a buyer for all his recycled goods. He stated that this strengthened his business. Lori Greiner inquired about Jason’s prospects. She was curious whether he would maintain his concentration. Jason agreed. He was resolute in his aim to succeed with iReTron.            

The Sharks experienced varied responses. Robert Herjavec appreciated Jason’s enthusiasm. However he didn’t observe significant growth for iReTron. He stepped outside. Kevin O’Leary mentioned that the business was overly simplistic to replicate. He also exited. Mark Cuban stated that Jason was unprepared for an investment. He also went out. Lori Greiner believed that Barbara’s proposal was superior.

She also went out. Barbara Corcoran proposed a bid. She proposed $100,000 in exchange for 20% ownership. However, she imposed certain conditions. Jason would receive the money only when necessary. Barbara additionally desired a 20% stake in any business that Jason launched within the next five years.

Jason appreciated her proposal. He invited Mark Cuban to participate. Mark consented. Collectively, they proposed $100,000 in exchange for a 20% stake. Jason agreed. It was a significant occasion for iReTron.            

What Went Wrong With iReTron On Shark Tank?

The agreement with Barbara and Mark was never finalized. Accounts indicate it took place following the performance. Certain Sharks were uncertain about iReTron. Robert Herjavec believed the business was too minor. Kevin O’Leary noted that it was simple to replicate. Mark Cuban believed Jason was too youthful for an investment. These factors complicated Jason’s ability to finalize an agreement.

Following Shark Tank iReTron encountered difficulties. Marketing remained a significant issue. Jason faced challenges in expanding the business. The business ultimately ceased operations in 2019. Jason pursued other opportunities.

Product Availability

iReTron offered a unique service. People could sell old electronics online. The process was simple. Users got a quote on the website. Then they shipped items for free. iReTron paid them quickly. The company resold working gadgets at a discount. Broken items were recycled. This helped reduce electronic waste. The product was available on iReTron’s website. Pricing depended on the gadget’s condition.

iReTron focused on making the process easy. But marketing was a challenge. Many people didn’t know about the service. This limited its growth. Today iReTron is no longer available. The company shut down in 2019. Jason moved on to other projects.

Conclusion

iReTron’s journey on Shark Tank was inspiring. Jason Li showed passion and determination. He got a deal on the show. But it didn’t finalize after. The company faced challenges and shut down in 2019. Jason learned a lot from the experience. He continues to explore new opportunities. iReTron’s story reminds us to think about recycling.