Featured Shark Tank Post
HangEase on Shark Tank
Collapsible Hanger's - Episode 526 - 4/4/2014
|HangEase Collapsible Hanger|
invented by Ryan Landis
Ryan Landis, the inventor of the "HangEase Collapsible Hangers", first got his inspiration to invent a break-away hanger after constantly breaking them from pulling to hard. Landis went right to work creating a working pro-to-type for the Invention Convention impressing all the judges solving this very real problem.
Ryan now 20 years old, might also hold another Shark Tank contestant record for being the youngest inventor to pitch the Hang Ease Hangers directly to Walmart. I can't imagine Walmart accepting too many pitches from a 10 year old (Ryan's age at the time), but they did, and he nailed the interview and got an order with the largest retailer in the world.
HangEase Hangers before Shark Tank Update
It looks like HangEase Officially started to appear in Walmart Stores back in 2006 which would seem like a very good thing at first as far as the Sharks might be concerned. But then again,
in the inventing and bringing a new product to market, 8 years is considered a very long time without making substantial progress within this market.
At least at the time of this writing, the HangEase Website seems to be about as basic as it gets, and no way to place an order for these collapsible hangers. I also found it interesting doing a quick Google Search for "Buy HangEase Hangers", the main place to buy the Hang Ease Hangers was on Ebay from a seller going by the name "Unemployed Mom". Hhm, I was wondering if UnEmployedMom which boasts a 100% positive rating on EBay sales, could possibly be Ryan's Mom. Interestingly she's from Garland, Texas, while it looks like the Landis's are from Plano, Texas approximately 30 miles away.
There's also no social media presence for HangEase that I could find which is a little unusual for such an established product going on the Shark Tank Show. I don't know, but if I didn't know any better, it looks like this once inspiring story of a very young entrepreneur talking to Mal-Mart Executives, may have faded a bit and need the Sharks help to breathe new life into this product.
Stastically speaking, the Sharks have always prefered investing in business products and services showing lots of current momentum, and avoid opportunities that have declining sales. Who knows, maybe by next Friday night, Ryan will make a few changes to the HangEase website and take advantage of the Shark Tank Effect from Fans looking to buy this unique product.