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• Hidrent is a platform offering trusted home services, employing off-duty firefighters for various projects.
• Services provided by skilled professionals include Light Fixtures, General handymen, Furniture Moving, Holiday Lights, Smoke Detectors, Hanging, Hauling, Furniture Assembly, TV Wall Mount, and Gutter Cleaning.
• Customers pay approximately $100 to $300 for each job.
• Hidrent deducts 20% of the payment and gives 80% to the firefighter.

Who Is the Founder of Hidrent?

• The founder of Hidrent is David Heimbuch, a professional salesperson who has worked for several companies including Tapad, AT&T Mobility, and Shazam Entertainment.
• He studied Business Administration at the University of Nebraska-Lincoln and is an Accelerator Program member of Capital Factory.

What Happened After Shark Tank?

• In Shark Tank, David Heimbuch asked for a $3.7 million valuation but signed a deal worth $937k with Lori and Robert for 33.3% equity.
• Hidrent is now providing services nationwide, with potential expansion to cater to senior citizens and single mothers.
• The company had a lifetime sale of $850,000 with revenues of $125,000 in 2019, $260,000 in 2020, and $325k in 2021, taking 23% of these sales.
• Hidrent raised $662.5k from 9 investors in a seed round before Shark Tank.
• The company also ran an equity-based fundraiser on StartEngine, raising $143,080.02 at an $8.5 million valuation.
• A partnership with the International Association of Fire Fighters until 2024 will allow Hidrent to connect with 300,000+ firefighters.
• As of December 2022, Hidrent’s annual revenue is approximately $1.4+ million.

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FAQs About Hidrent:

• Q1: Is Hidrent still in business?
  • Ans: Yes, Hidrent is still in business.
• Q2: What happened to Hidrent on Shark Tank?
  • Ans: The company secured a deal with Sharks, with Robert & Lori investing $300k for 33.3% equity.
• Q3: Did Hidrent get a deal on Shark Tank?
  • Ans: Yes, Hidrent got a deal on Shark Tank. Robert & Lori invested $300k for 33.3% equity.

Physical Statistics of Hidrent:

• Valuation in Shark Tank: Asked for $3.7 million, got a deal worth $937k.
• Lifetime Sales: $850,000
• Revenues: 2019 – $125,000, 2020 – $260,000, 2021 – $325,000
• Hidrent’s Share of Sales: 23%
• Revenue from StartEngine Fundraiser: $143,080.02
• Annual Revenue (as of December 2022): Approximately $1.4+ million

Family and Relationships:

• Founder: David Heimbuch
• Co-investors: Lori, Robert
• Partnership: International Association of Fire Fighters till 2024

Education:

• Bachelor of Science in Business Administration from the University of Nebraska-Lincoln
• Accelerator Program member of Capital Factory since April 2019

Net Worth:

• Valuation in Shark Tank: $3.7 million
• Actual Deal Amount: $937,000
• Amount Raised in Seed Round: $662,500
• Revenue from StartEngine Fundraiser: $143,080.02
• Annual Revenue (as of December 2022): Approximately $1.4+ million

Education:

• Bachelor of Science in Business Administration from the University of Nebraska-Lincoln
• Accelerator Program member of Capital Factory since April 2019

Net Worth:

• Valuation in Shark Tank: $3.7 million
• Actual Deal Amount: $937,000
• Amount Raised in Seed Round: $662,500
• Revenue from StartEngine Fundraiser: $143,080.02
• Annual Revenue (as of December 2022): Approximately $1.4+ million

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