If you are wondering what happened to hopscotch after the shark tank USA episode, well, for that, you just need to check the details of the hopscotch shark tank update in 2023.
Hopscotch, a prodigious application intended to inculcate the art of coding amongst children and endow them with the autonomy to develop and engage in their own games, was the brainchild of Samantha John.
The founder, ardent and resolute in her efforts to make a mark in the world of technology, pitched the avant-garde platform on the acclaimed television show, Shark Tank, with the ambitious objective of garnering $400,000 for a 4% equity.
In an era of incessant technological advancements, it has become increasingly indispensable for youngsters to learn how to code, as many of the forthcoming breakthroughs will be reliant upon it.
Parents have started recognizing the crucially of this paradigm shift and are taking steps to introduce their offspring to the world of programming at a nascent age, despite its daunting nature.
However, Hopscotch, with its innovative and user-friendly coding platform, is revolutionizing the educational paradigm and making coding a more accessible and comprehensible concept for children.
Prior to its inception, the creators of Hopscotch, Samantha John and Jocelyn Leavitt conducted meticulous research to bring their vision of a pioneering coding platform for children to fruition.
Let’s check the current status and Hopscotch Shark Tank Update inside this detailed guide.
What Happened To Hopscotch After Shark Tank?
The ability to code is progressively becoming an essential and integral facet of contemporary society, with major corporations such as Amazon and Google increasingly reliant on programming.
As Steve Jobs once asserted, “everyone should know to program because it enhances the power of thinking.”
Bearing this adage in mind, Samantha and Jocelyn founded Hopscotch Technologies to provide children with a stimulating and gratifying platform to learn how to code and create their own games.
What Is Hopscotch?
Hopscotch, an innovative and visually appealing programming device, was developed by Hopscotch Technologies with the aim of enabling children to unleash their creativity and cultivate their problem-solving skills by creating their own projects or games.
This avant-garde platform offers children an effortless means to create games through animations and the Drag & Drop feature, which requires them to employ their cognitive prowess and apply their thinking abilities. Once the game is developed, children can relish playing it with their near and dear ones, thereby augmenting their social skills and fostering their imagination.
The Hopscotch app, with its captivating and colorful graphics and user-friendly interface, serves as a seamless gateway for children to dive into the realm of coding with ease and convenience. With an array of diverse characters, monsters, and animals, and a plethora of customized commands, children can control and manipulate the movements of the characters with utmost fluidity.
This unique programming tool, designed exclusively for children between the ages of 9 and 16, empowers them with a comprehensive understanding of coding, thereby rendering them capable of developing a diverse range of projects and games. However, even adults can partake in the joyous experience of learning and honing their coding skills through this engaging and interactive app.
Furthermore, Hopscotch caters to the needs of educators by providing a free relationship plan that obviates the need for them to undergo training in coding. The Drag & Drop feature enables the creation of a script in the background that runs the game, rendering it effortless and stress-free for educators to teach children the nuances of coding.
As of 2022, this pioneering and innovative learning platform is exclusively available for iPad & iPhone users, thereby making it an exclusive and highly sought-after tool for young and aspiring coders.
Hopscotch Shark Tank Update
Check out the current status and Hopscotch Shark Tank Update to know the right information in a quick way.
|Product||Through the Education App, Kids Will Be Able to Develop Games and Simple Projects by Coding.|
|Asked For||$400,000 for 4% Equity|
|Final Deal||$400,000 for 11% Equity|
|Episode (Shark Tank USA)||Season 12 Episode 15|
|Air Date||February 26, 2021|
|Business Status||In Business|
|Net Worth||$3 Million *estimated|
|Address||Brooklyn, New York, United States|
Who Is The Founder Of Hopscotch?
The founders of Hopscotch Technology are none other than Samantha John and Jocelyn Leavitt.
About Samantha John
Samantha John shares her knowledge of programming with the table, whereas Jocelyn Leavitt brings an extensive business background that helps the team of Hopscotch.
Ms. John has a Bachelor’s degree in Mathematics from Columbia University in the City of New York. Her entrepreneurial spirit led her to work as an Entrepreneur in Residence in the YouWeb Incubator for a full year.
She won multiple awards, such as “30 Most Important Women Under 30 in Tech,” “Silicon Alley 100,” and “28 Extraordinary Women in New York Tech” awards.
Connect with Her:
About Jocelyn Leavitt
Jocelyn Leavitt has a Bachelor’s degree from Dartmouth College and later completed her MBA degree in Finance from Columbia Business School.
She began her career as an intern before working as a history teacher for a year at The Island School and The Dalton School.
Since 2015, Ms. Leavitt has been the CEO and Co-Founder of Hopscotch Technologies, where she brings her extensive business expertise to the table.
Connect with Her:
Hopscotch Technologies before Shark Tank
Hopscotch Technologies revolutionized the coding industry by introducing its kid’s coding learning app in 2012.
This brainchild of Samantha John and Jocelyn Leavitt took the world by storm and was initially launched for iPad users in 2013. Owing to its massive success, it was later developed for iPhone users too, catering to a wider audience.
According to Glamour Magazine, the app had reached an unprecedented milestone of having 2.5 million projects created within a year of its launch.
As a result, in 2014, Samantha John was even named one of “35 Women Under 35 Who Are Changing the Tech Industry.”
The app has a free trial for 1st week, it helps the registered users to explore and experience the services provided by the app.
Once the trial period is finished:
- Monthly fee – $9.99
- Annual fee – $80.
The company is operated by a dedicated team, including Samantha John, Jocelyn Leavitt, Yuanyuan Zhao, Tracey Le, Andrew Tetlaw, and Jesse Squires.
The app is brimming with diverse projects created by young and aspiring coders, including a popular drawing game that has been played over 2.2 million times since its inception five years ago.
In 2013, the company secured its first round of venture capital funding, which was a stepping stone to even greater success.
The following year, Hopscotch Technologies continued to make headlines and garnered more funding.
As of now, the company is a leading player in the coding education industry, catering to the ever-growing demand for coding skills among children.
Did Hopscotch Get a Deal on Shark Tank?
Samantha John, the ingenious founder of Hopscotch, dazzled the sharks on Shark Tank with her cutting-edge educational startup.
Hopscotch is a fun and quite engaging app that helps kids to learn to code and develop their own games and apps and based on that, sales increasing day by day, so Samantha boldly asked for a $400,000 investment for a mere 4% equity.
Despite some initial hesitation from the Sharks, Mark Cuban was hooked and made an offer of $400,000 for a much larger 16% stake.
After some nail-biting negotiations, Samantha proposed a counter-offer of $600,000 for 10% equity. This offer was too rich for Mark’s blood, and he turned it down.
However, Samantha gives a second counter-offer of $550,000 for an 11% stake. Mark saw the potential for significant growth and made a deal.
Since its launch in 2012, Hopscotch got a huge success. In its first week alone, the app had gained 20,000 downloads. Its revenue model is based on a subscription service and monetizing downloads.
In 2020, there were 200,000 active users every month, and the subscription model had 6,200 subscribers. While the other Sharks declined to invest, Mark Cuban, a tech-savvy dad, was a fan of the app and saw its potential.
Hopscotch is maintained by a small but brilliant team, including Samantha John and Jocelyn Leavitt. Samantha’s innovative approach to teaching kids to code earned her recognition as one of “35 Women under 35 who Are Changing the Tech Industry” in 2014.
The app has since expanded beyond its initial launch on iPad and is now also available for iPhone users.
What Happened To Hopscotch After Shark Tank?
Hopscotch Technologies and its Hopscotch Kids Coding Learning App created a stir when it made its debut on the popular TV show, Shark Tank.
The app got media attention, with publications like The New York Times, Wired, The Wall Street Journal, and Fast Company reporting on it.
Moreover, the app has been widely acclaimed and has received several prestigious awards, including the Parent’s Choice, Child Technology Review, Parents magazine awards, and ADS All Digital School.
The Shark Tank appearance proved to be a turning point for the app, with downloads from the Appstore skyrocketing by a massive 500%, and most users opting for the free version.
Hopscotch Technologies capitalized on the momentum by launching its merchandise store in July 2022, offering an array of children’s clothing and accessories.
Looking ahead, the company plans to launch the Game Developer Workshop Level 1, which will impart coding knowledge to kids. As of July 2022, Hopscotch Technologies’ annual revenue had reached a whopping $5 million.
Hopscotch Net Worth
In a surprising turn of events, Hopscotch Technologies has surpassed its projected revenue of $3 million for 2021 by achieving an impressive annual revenue of approximately $5 million in 2022.
This unexpected outcome has sparked excitement in the tech industry, leading experts to estimate that Hopscotch’s value could be around $3 million.
Is Hopscotch Still In Business?
Hopscotch Technologies has set its sights on introducing coding to children at an early age, with the ambition of sharpening their minds and enhancing their mental acuity even before they start school or college.
As of December 2022, Hopscotch Technologies is still active in the market.
So now you know everything about Hopscotch’s current status by reading this guide on “Hopscotch Shark Tank Update” so if you still have any queries or feedback then you can drop your queries in the comment section below.