iReTron on the Shark Tank
Sell Electronics for Cash - Episode 516 - 3-14-2014
|Jason Li owner of "iRetron"|
pays cash for hundreds of
Unlike most other businesses that buy used electronics and smart phones to recycle, iRetron believes most of them can be fixed up and re-sold to another user, thus eliminating "any electronic waste" entering the landfills. The best analogy for this business model would be comparing it to buying a brand new car verses buying a decent used car at a substantial discount.
Coming up with the perfect solution turning old electronics into cash, refurbishing them into like-new products, and re-selling at a profit, has already turned into a very profitable business that's worthy of getting on the Shark Tank Show. You basically visit iReTrons Website, type in the cell phone or electronics you wish to sell, and the software will come up with a price what iRetron is willing to pay. This price also includes free shipping with USPS, with payments made within a week after they receive your old electronics.
It looks like Jason also took first place and won the "Next Teen Tycoon" video contest
a few years ago from Vertical Response which certainly had to look good on his resume when applying for the this Episode Featuring All Young Entrepreneurs.
iReTron before Shark Tank Update
Considering the problem with e-waste is a multi-billion dollar problem, as we'll as a huge opportunity for the right solutions, Jason Li and his business iReTron, is in a unique position to really make a big difference in recycling old electronics. Li has recently said publicly, "this business received an investment offer from a major venture capital firm". Hm, could that offer have come from one of the Sharks, or are there other angel investors about to capitalize on the Shark Tank Effect? Something tells me it may be the later, as Jason seems to be keeping very quiet on his Facebook and Twitter pages. Who knows, maybe this article was written a little too early, and Li has a big party already in the works when he becomes the "Next Shark Tank Young Entrepreneur Star".
Visit iReTron Website