Coatchex shark tank Learn how he renamed it Chexology and expanded it to other bailment businesses. This was huge for the young entrepreneur. Give your guests a visit to remember. 6 days ago · Pitching on Shark Tank. Jan 22, 2025 · As of 2024, CoatChex, rebranded as Chexology, has grown to a $7M net worth. CoatChex (Now Chexology) Derek Pacque pitched CoatChex in Season 4, asking for $200K for 10%. Coatchex founder, Derek Pacque, is a recent graduate of the Kelley School of Business at Indiana University with a degree in Management, Corporate Innovation and Entrepreneurship. Mark Cuban Sep 25, 2024 · CoatChex Shark Tank Recap Derek talked to the Sharks about giving them $200,000 in exchange for a 10% stake in his business. Siminoff asked for $700,000 for a 10% equity stake, but the sharks turned down his offer. The unofficial Reddit community of the American ABC show Shark Tank. During the nationally televised show, Derek came head-to-head with Mark Cuban as the two negotiated over shares in the company. Dec 10, 2024 · 4. . Derek appeared on ABC’s Shark Tank (season 4), where he surprisingly turned down a $200,000 investment deal from billionaire investor Mark Cuban. Mark Cuban was impressed enough by CoatChex to offer $200,000 Shark Tank! In 2012, Derek debuted his coat check system (formally known as CoatChex) during ABC's Shark Tank. The highly touted 4th season of Shark Tank got of to a big start with an Indiana University (Mark Cuban’s alma mater) graduate pitching the Sharks on his automated, computerized coat check system he plans to license to bars and nightclubs. Nick and Derek talk about how he created a service and built it into a business. Where is CoatChex Shark Tank Video? It is found on season 4 episode 1 of Shark Tank. 41K subscribers in the sharktank community. 2 million seed round for Chexology: the holding Sep 14, 2012 · When it comes time to retrieve your coat, the attendant sees your picture and a picture of your coat to make sure there are no mix-ups. This system can also work for valet, dry-cleaning, baggage holding, or rental services. However, their appearance was met with a mixed reception from the Sharks. In Season 5 in 2013, Jamie Siminoff came on Shark Tank to ask for $700,000 for 10% equity. You can view the updated CoatChex page from Shark Tank Recap by clicking Derek appeared on ABC’s Shark Tank (season 4) where he surprisingly turned down a $200,000 investment deal from billionaire investor Mark Cuban. Where do they get Coatchex? Debuting in episode 401 during the fourth season of Shark Tank, Derek presents CoatChex to a skeptical panel of investors. Oct 20, 2024 · The video doorbell system that’s now a staple in home security devices. CoatChex, the brainchild of Derek Pacque, is a ticketless coat check system that Pacque pitched in season four. On the show, he asked for $200,000 for 10% of CoatChex. Mark Cuban felt that the company had some merit, but he did not want to go for the deal that Derek had originally proposed. Learn about its progress and rebranding in this update. Jan 11, 2023 · In “Shark Tank” Season 5, Jamie Siminoff pitched DoorBot, a new take on the doorbell that allowed users to see and speak with someone at the door through their smartphones. May 8, 2023 · CoatChex is a ticketless coat check system that uses facial recognition and picture verification. Season 4 Episode 1 (S4E1) Pitch: ticketless technology for checking services: Entrepreneur: Sep 11, 2015 · NEW YORK, Sept. When Coatchex stepped onto the Shark Tank stage, they carried with them an innovative concept that aimed to streamline the age-old process of coat checking. Feb 25, 2024 · CoatChex is a system that debuted on Season 4 of Shark Tank and is aimed at revolutionizing the coat check process in venues such as restaurants, nightclubs, and events. The show Shark Tank invited Pacque to pitch his idea. For those of you who are familiar with the show understand why that moment was one of the rarest and unusual situations in the history of the tank. Yes, that was on Shark Tank. Derek Pacqué had the pleasure of hearing from Andrew just last week as he inquired about an update to CoatChex (now Chexology). CoatChex was a digital coat-check system that photographed customers with their coats to prevent theft – essentially a digitized coat valet service. Never buy a coat check ticket or wait on a bulk order again. 11, 2015 /PRNewswire/ -- CoatChex, the Shark Tank-featured company that transformed the coat checking industry, has closed a $1. He wants to sell franchises to “area developers,” who will then sell them to end users, which is similar to how master franchises work. Learn how it started, how it turned down Mark Cuban on Shark Tank, and how it expanded into various markets. Nevertheless, Derek delivers a sanguine presentation of his digital coak check concept that “eliminates the need for easy-to-lose paper claim tickets. Why did the Sharks Turn CoatChex down? Sharks didn’t like that Derek wanted to charge 10% of his company for a $200,000 investment and its franchise concept. Feb 22, 2023 · CoatChex is a ticketless coat check system that uses a digital interface. Unfortunately, CoatChex was pre-revenue at the time, significantly weakening Derek’s position. com 6 days ago · CoatChex has grown and evolved since its Shark Tank debut. It appeared on Shark Tank Season 4, but did not get a deal from the sharks. May 18, 2024 · Coatchex Shark Tank Update Shark Tank Tales • Updated: May 18, 2024. This digital coat check solution was designed to streamline and modernize the traditional method, which often involves paper tickets that can be easily misplaced. Derek and his business partner would eventually turn down Mr. Derek Pacque is seeking $200,000 for a 10% stake in his ticketless technology for checking services, Coatchex. And while it failed to get a deal there, it just might be one of the most successful Shark Tank failures ever. From Season 4 Episode 1Watch The Entire Series Jan 7, 2025 · Coatchex’s Journey on Shark Tank: Facing Skepticism and Turning Down Deals. CoatChex. The creator of Coat Chex went into the Shark Tank asking for $200k for a 10% share of the company. Founder Derek Pacqué pitched it on Shark Tank in 2012, but failed to secure a deal. What is the CoatChex Shark Tank Update? Coatchex is now known as Chexology. Derek Pacque is the founder of Chexology (formally known as Coat Chex, a franchise ticketless coat-checking system for events. CoatChex, the brainchild of Derek Pacque, is a ticketless coat check system that Pacque pitched in Season 4. At that time, there was already a market Chexology uses wireless NFC technology to create a unique paperless ticket system to improve your existing coatroom, cloakroom, hotel bell desk, valet, rentals, and more! As seen on ABC's Shark Tank, Chexology's simple-to-use iOS app reduces long lines, adds security, and is an affordable alternative to paper tickets. Sep 24, 2023 · Derek Pacque, the founder and CEO of Coatchex, recently graduated from Indiana University’s Kelley School of Business with a degree in Innovation, Technology, and Entrepreneurship, among other… Jan 11, 2023 · Chexology CoatChex. He wanted to impress the Sharks, especially tech guru Mark Cuban. From CoatChex to Chexology: CoatChex, the Shark Tank-featured company that transformed the coat checking industry, has evolved to Chexology, which applies the same groundbreaking technology to check any item in or out with the touch of a button. ” Sep 4, 2012 · Coatchex, the coat check app, promises to make a big splash in the Shark Tank as it debuts on the show’s season four premiere. Since the Tank he expanded service capability, user functionality, and verti Jan 17, 2024 · Derek Pacque is the founder of Coatchex and appeared on Season 4 of “Shark Tank” to introduce his company. Despite not securing a deal on the show, the company leveraged the exposure to expand its digital, ticketless coat check system. Send texts instead. Cuban's gracious offer. The company has a wardrobe system that matches people’s faces with their coats. CoatChex, now Chexology, is a tech company that offers digital coat check and other hospitality solutions. Initially, there was skepticism Apr 30, 2019 · CoatChex, the ticketless coat checking system, was pitched on Shark Tank by Indiana University graduate Derek Pacque who turned down Mark Cuban's offer in 2012. In 2012, CoatChex got a big break. Sep 14, 2012 · Episode 402 was the much-anticipated season 4 premier. See full list on gazettereview. The company now offers digital check-in solutions for various items like bags, strollers, and even cars. Pacque practiced his pitch for weeks. Nov 29, 2019 · These 'Shark Tank' products found success without sharks. It changed its name to Chexology and expanded its services beyond coat checks. The ticketless coat check system for events and venues, CoatChex going strong in the market since its appearance on Shark Tank season 04. Derek shared a few details about his time on Shark Tank and a recap of all of the exciting things Chexology has been up to since the show aired. stan rbkrywl cdliby xlan zya bcgj pnunp twiji kuki jvchv