Jason Hanson is a former CIA officer, and he is presenting Spy Escape and Evasion in Shark Tank. He has Barbara Corcoran use duck tape tie up his hands, and then breaks the duck tape from his hands. He teaches people how to escape from abduction or threats.
Spy Escape and Evasion breaks Duck Tape and Zip Ties
Next, Jason demonstrates Spy Escape and Evasion techniques with Robert Herjavec. He showed how to escape from a zip tie strap using shoe strings.
Spy Escape and Evasion is a two-day class where you learn skills like how to pick locks, how to escape rope, duck tape and detect and evade surveillance. Day two you go on a series missions where trained trackers will hunt you down.
His sales are $306,000 gross and $128,000 net year to date. The course started for high net individuals, and then everyday people began taking the course in Cedar City, Utah. He is initially from the Washington D.C. area, and he moved to Utah. He wants to build the Spy Escape and Evasion ranch.
Jason currently does his course flying around the country. Mark Cuban asks how he can grow the business to twenty million dollars.
Company: Spy Escape and Evasion
Entrepreneur: Jason Hanson
From: Cedar City, Utah
Ask: $ 100k for 15% equity
Companies on this episode: Moberi, DDP Yoga, Southern Culture Artisan Foods
Season: Season 5 Episode 17
Sharks: Mark Cuban, Daymond John, Kevin O'Leary, Barbara Corcoran, Robert Herjavec
First Aired: 02/21/2014
Deal: Daymond John, $150,000 for 45% of the deal
What do the Shark Tank Investors say about Spy Escape and Evasion
Mark Cuban likes the training aspect, but he doesn't think that is the grand slam. The hottest trend right now is experiencing. He thinks a spy school either overnight or a one day program. Mark is uncertain saying he is on the fence, and to talk to Daymond first.
Daymond John insults Robert Herjavec's offer, and Kevin O'Leary asks Daymond if he is going to make an offer. You cannot build the property; you have to move around targeting moms and families in high populated areas. He offers $150,000 for 45%, but you have to take the offer right now. Jason takes the deal.
Kevin O'Leary see it as two different directions. He doesn't believe people will come to Utah. Kevin O'Leary thinks his company is half-baked, so he is out.
Barbara Corcoran thinks it is a mistake on his part assuming people will come out to Utah to attend his camp.
Robert Herjavec hates the business model he came with, but he is interested in selling the seminar. He also doesn't have any up-selling. Robert offers one-hundred thousand dollars for fifty percent of the business, and the plan has to be completely reworked.
Spy Escape and Evasion after Shark Tank?
Jason Hanson took the advice of the Sharks and used Daymond's investment to create Spy Ranch. Daymond initially was against doing the ranch, but after seeing the numbers agreed that it is a good idea. They now have regular programs and sell products and services for Spy Escape and Evasion.