HangEase Shark Tank Founder, Net Worth, and Investment

May 2024 · 12 minute read

Welcome to our article on HangEase, the innovative closet organization system that made waves on Shark Tank. In this article, we’ll dive into the founder behind HangEase, their net worth, and their journey on the hit TV show. So, let’s get started!

Hangease Shark Tank

Key Takeaways:

What is HangEase and Who is the Founder of HangEase?

HangEase is a company that specializes in producing durable, collapsible closet and space management systems. The HangEase product is designed to keep clothing organized, wrinkle-free, and maximize closet space. But who is the mastermind behind this innovative solution? Meet Ryan Landis, the founder and inventor of HangEase.

Ryan Landis, hailing from Plano, Texas, had a brilliant idea at a young age. When he was just ten years old and in the third grade, he envisioned a foldable hanger made of reinforced plastic. This ingenious invention could effortlessly support heavy winter jackets while occupying minimal space in the closet.

The young entrepreneur’s passion for finding a solution to closet clutter and wrinkled clothes led to the birth of HangEase. Ryan’s innovative mindset and determination to create a practical and efficient closet system propelled him to turn his vision into a reality.

With the HangEase product, organizing your clothes and optimizing your closet space has never been easier. Say goodbye to messy wardrobes and hello to a tidy and efficient storage solution!

“HangEase is the result of my childhood curiosity and desire to simplify everyday tasks. I wanted to create a hanger that could accommodate bulky outerwear without sacrificing closet space. The overwhelming positive response to HangEase has been incredibly rewarding.” – Ryan Landis

HangEase Shark Tank pitch

In season 5, episode 27 of Shark Tank, Ryan Landis appeared seeking an $80,000 investment for a 30% stake in his company, HangEase. During the pitch, Ryan demonstrated how the hangers worked and claimed to have previously sold 400,000 hangers at Walmart, resulting in $200,000 in sales and $70,000 in profits. He received a deal from Mark Cuban and Lori Greiner, but the deal did not come to fruition, and HangEase is no longer in business.

HangEase Shark Tank pitch

HangEase Shark Tank Pitch Details

During the Shark Tank episode, Ryan Landis showcased the innovative features of HangEase to the panel of potential investors. The collapsible hangers were designed to keep clothes organized, wrinkle-free, and maximize closet space. Ryan’s pitch highlighted the product’s durability and its potential to revolutionize the closet organization industry.

“HangEase hangers are the solution to messy, cluttered closets. With their unique folding mechanism, they provide easy accessibility to clothes while optimizing space. Our sales success at Walmart demonstrates the demand for a convenient and efficient closet organization solution.”

Ryan’s claim of selling 400,000 hangers at Walmart showcased the market validation and revenue potential of HangEase. The impressive sales figures indicated the product’s popularity and consumer interest. The panel was intrigued, resulting in Mark Cuban and Lori Greiner offering a deal to invest $80,000 in exchange for a 30% stake in HangEase.

Unfulfilled Deal

While the deal with Mark Cuban and Lori Greiner generated excitement during the Shark Tank episode, it ultimately did not come to fruition. The reasons behind the deal falling through and HangEase’s subsequent closure remain unknown.

HangEase Shark Tank Pitch Summary

Ryan Landis’ appearance on Shark Tank was a significant opportunity for HangEase to secure investment and gain exposure. Although the deal with Mark Cuban and Lori Greiner did not materialize, the pitch provided valuable visibility for the brand. HangEase’s innovative solution for organizing closets and its impressive sales figures at Walmart showcased its potential for success in the market.

While HangEase is no longer in business, its presence on Shark Tank left a lasting impact on the industry, inspiring future entrepreneurs and highlighting the importance of finding practical solutions to everyday problems.

Shark Tank EpisodeInvestment OfferDeal Outcome
Season 5, episode 27$80,000 for 30% stakeThe deal did not come to fruition

HangEase Net Worth

HangEase’s net worth is unknown as the company is no longer in business. However, during its appearance on Shark Tank, HangEase was valued at $266,667. Unfortunately, current financial information regarding HangEase is not available due to the company’s closure.

YearValuation
2015$266,667

Although the valuation provided during the Shark Tank pitch gives us some insight into HangEase’s potential worth at that time, it is essential to note that this estimate may not reflect the company’s actual net worth at present.

HangEase Net Worth

HangEase Updates

As of 2023, HangEase has closed its doors and is no longer in business. The company’s website and Facebook page are unavailable, signaling the closure of operations. While HangEase has come to an end, its founder, Ryan Landis, has continued his entrepreneurial journey and explored new ventures.

Ryan Landis, the mastermind behind HangEase, has patent to his name. In 2019, he patented a Lytic peptide biosensor, showcasing his ongoing innovation in the field. Despite the closure of HangEase, Ryan Landis remains dedicated to making a mark in the business world.

Unfortunately, there is no available information about the specific reasons that led to the closure of HangEase. The company’s current status suggests a permanent cessation of operations.

HangEase closure

HangEase on Shark Tank – Deal Details

During his appearance on Shark Tank, Ryan Landis, the founder of HangEase, received an intriguing offer from Mark Cuban and Lori Greiner. They proposed investing $80,000 in exchange for a 30% stake in the company. This potential deal could have propelled HangEase to new heights with the support and expertise of these renowned Shark Tank investors.

However, despite the initial interest and excitement surrounding the offer, the deal ultimately fell through, and HangEase did not secure the investment. The precise reasons behind the deal’s collapse remain unknown, leaving many curious about what transpired behind the scenes.

While the HangEase Shark Tank deal didn’t materialize as anticipated, the exposure and recognition gained from the show undoubtedly brought the product into the spotlight and sparked interest among viewers and potential customers.

HangEase Shark Tank deal

HangEase Success and Growth

HangEase experienced remarkable success and substantial growth following its introduction to the market. The combination of a successful Kickstarter campaign and positive customer reviews propelled the brand forward, establishing it as a popular choice for organizing closets and protecting clothes.

HangEase Success

The exposure on the widely popular TV show Shark Tank further contributed to HangEase’s rapid rise to popularity. The increased visibility attracted a significant number of customers and led to a surge in sales and wider distribution.

Customers were drawn to HangEase’s unique design, which addressed the common problem of wrinkles and damaged clothing caused by conventional hangers. HangEase’s collapsible and durable construction allowed users to maximize closet space while keeping their garments wrinkle-free and well-organized.

The positive feedback from early adopters and the endorsement from the Sharks on Shark Tank boosted the brand’s credibility and helped it gain traction in the market. As a result, HangEase became a go-to solution for individuals seeking an efficient closet organization system.

Here is feedback from some satisfied customers:

“HangEase hangers have been a game-changer for me. They keep my clothes wrinkle-free and minimize the space I need in my closet. Highly recommended!” – Jane, Boston

“I love using HangEase hangers. They are sturdy, and I no longer have to worry about my clothes losing their shape. My closet is much neater now!” – Michael, Los Angeles

Key Benefits of HangEase:

Overall, HangEase’s success can be attributed to its innovative solution to a common problem, positive customer experiences, and the exposure gained from Shark Tank. The brand’s commitment to providing a high-quality product that simplifies closet organization has resulted in widespread popularity and customer satisfaction.

HangEase Company Status

Unfortunately, HangEase is no longer in operation. The company faced various challenges and financial difficulties, which ultimately led to its closure. The exact reasons behind the company’s closure remain unknown.

It’s always disappointing to see a promising business like HangEase come to an end. However, it’s important to remember that entrepreneurship is a journey filled with ups and downs. While HangEase may no longer be in business, its impact on the industry and the lessons learned from its journey will undoubtedly continue to resonate.

HangEase Business Closing

As entrepreneurs, we must acknowledge that not all ventures achieve long-term success. However, it is through overcoming challenges and learning from our experiences that we grow and pave the way for new opportunities.

HangEase may have closed its doors, but the entrepreneurial spirit of its founder, Ryan Landis, lives on. He continues to explore new ventures and make a difference in the business world.

HangEase Founder’s Future Ventures

After the closure of HangEase, Ryan Landis has continued his entrepreneurial journey by exploring new ventures and making significant contributions to the field. One of his notable achievements is patenting a Lytic peptide biosensor in 2019, showcasing his innovative mindset and dedication to scientific advancements.

In addition to his patent-related accomplishments, Ryan has excelled in his career, working for esteemed companies like JCPenney. Through his expertise and determination, he has made valuable contributions to the retail industry, further establishing his reputation as a visionary leader.

Patent: Lytic Peptide Biosensor (2019)

Ryan Landis took a significant leap forward by patenting the Lytic peptide biosensor in 2019. This innovative biosensor holds immense potential in various scientific fields, enabling enhanced detection and analysis of biological substances. By harnessing the power of technology, Ryan has demonstrated his commitment to driving progress and shaping the future of scientific research.

With his proven track record of success and passion for innovation, Ryan Landis continues to pave the way for the future. His entrepreneurial spirit and dedication to advancements in science and retail make him an influential figure in the industry.

Key AchievementsYear
Patented Lytic peptide biosensor2019
Contributed to the success of JCPenneyOngoing

Ryan Landis Future Ventures Image

HangEase Product Description

HangEase is a collapsible, durable, reinforced plastic hanger designed to keep clothes tidy, wrinkle-free, and save closet space. It features a unique folding mechanism in the middle for easy hanging and removal of garments.

HangEase Product

Key Features of HangEase

With its innovative design and reliable functionality, HangEase revolutionizes the way you organize your closet. Say goodbye to cramped spaces and wrinkled clothes. Upgrade your hangers with HangEase and experience the difference.

HangEase Contact Information

Unfortunately, due to the closure of HangEase, the company’s website, social media accounts, and contact information are no longer available. HangEase is no longer in business, and there is no way to contact them for any inquiries or assistance.

If you require any further information about HangEase or have any other questions, we recommend conducting an online search for historical content and discussions about the company. However, please note that the accuracy and relevance of such information cannot be guaranteed.

We apologize for any inconveniences caused and appreciate your understanding.

Contact Information
WebsiteNo longer available
Social MediaNo longer available

Please note that this information is subject to change over time and may no longer be accurate or up to date.

HangEase in Retail Stores

Previously, HangEase was available for purchase in various retail stores, including popular chains like Walmart. However, since the closure of the company, the product is no longer available for sale either online or in physical retail locations.

Customers who previously relied on HangEase to keep their closets organized and their clothes wrinkle-free will need to seek alternative space-saving solutions. While HangEase was once a popular choice for efficient clothing storage, it is no longer an option for consumers.

Fortunately, there are other closet organization products and space-saving hangers available in the market. Customers interested in similar solutions can explore other brands and options to meet their needs. These alternatives can be found online, offering convenience and a wide range of choices for individuals looking to optimize their closet space and keep their garments in top condition.

FAQ

What is HangEase?

HangEase is a collapsible, durable, reinforced plastic hanger designed to keep clothes tidy, wrinkle-free, and save closet space.

Who is the founder of HangEase?

The founder of HangEase is Ryan Landis.

What happened during HangEase’s Shark Tank pitch?

During HangEase’s Shark Tank pitch, Ryan Landis demonstrated how the hangers worked and claimed to have previously sold 400,000 hangers at Walmart, resulting in 0,000 in sales and ,000 in profits. He received a deal from Mark Cuban and Lori Greiner, but the deal did not come to fruition, and HangEase is no longer in business.

What is HangEase’s net worth?

HangEase’s net worth is unknown as the company is no longer in business. During the Shark Tank pitch, the company was valued at 6,667.

What is the current status of HangEase?

HangEase is no longer in operation as of 2023. The company’s website and Facebook page are unavailable, and it has ceased operations.

What happened with the deal on Shark Tank?

Mark Cuban and Lori Greiner offered a deal to Ryan Landis on Shark Tank, offering ,000 for a 30% stake in HangEase. However, the deal with the Sharks never materialized, and HangEase did not receive the investment. The exact reasons behind the deal falling through are unknown.

How did HangEase experience success and growth?

HangEase gained traction through a successful Kickstarter campaign and positive reviews from early customers. The exposure on Shark Tank helped raise awareness about the product, leading to increased sales and wider distribution. HangEase became a popular choice for organizing closets and protecting clothes from damage caused by traditional hangers.

Is HangEase still in operation?

HangEase is no longer in operation as of today. The company faced challenges and financial difficulties, resulting in its closure. The exact reasons behind the company’s closure are unknown.

What are Ryan Landis’ future ventures?

After HangEase, Ryan Landis has pursued other ventures, including patenting a Lytic peptide biosensor in 2019. He has continued to excel in his career, working for companies like JCPenney.

Can you provide a description of the HangEase product?

HangEase is a collapsible, durable, reinforced plastic hanger designed to keep clothes tidy, wrinkle-free, and save closet space. It features a unique folding mechanism in the middle for easy hanging and removal of garments.

How can I contact HangEase?

Due to the closure of HangEase, the company’s website, social media accounts, and contact information are no longer available. The company is no longer in business, and there is no way to contact them.

Where can I purchase HangEase?

HangEase was previously available in retail stores, such as Walmart. However, after the company’s closure, the product is no longer sold online or in retail. Customers can no longer purchase HangEase.

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