“Are you ready to become a real estate tycoon? Tycoon Real Estate is a platform that helps you invest in rental properties with ease.
Say goodbye to the traditional barriers of entry and hello to a new world of real estate investment. Let’s see if the Sharks are ready to take on this Tycoon.”
Tycoon Real Estate is a platform that allows people to crowdfund but for real estate. Crowdfunding has become widely common all over the world but crowdfunding in real estate is a unique idea. Tycoon Real Estate was permitted to operate similarly to crowdfunding by the 2012 Jumpstart Our Business JOBS Act.
The Act gives non-credited investors access to this crowdfunding platform and they will receive profits even when they invest for the very first time. Tycoon Real Estate allows a person in America to invest even a minimum of $1000.
Tycoon at a Glance:-
| Idea | Crowd Funding Platform for investment |
| Founders | Aron McDaniel |
| Asked For | $50,000 for 5% equity |
| Accepted Deal | No deal |
| Sharks | No Sharks |
| Business status | Acquired |
| Episode No. | Season 6, Episode 16 |
| Website | Tycoon Real Estate |
Index:
Who are the founders of Tycoon?
Aaron McDaniel is the founder of Tycoon Real Estate. He is also the CEO of his company. His experience in business and entrepreneurship is vast. He worked at AT&T as one of the youngest regional vice presidents. He worked at a Fortune 100 company and was amongst the top 1% of sales managers at the time.
He was also the co-author of ‘Young Professionals Guide to the Work World’ and ‘Young Professionals Guide to Managing. He also taught leadership courses at the University of California, Berkeley. He just needed a shark’s support to expand his already successful business.
Did Tycoon get a deal on the Shark Tank?
Aaron McDaniel came on the Shark Tank seeking an investment of $50,000 for 5% equity. Aaron explained how Tycoon and the Real estate business are related to each other. Aaron believes that his idea is great. Robert Herjavec asked about the assurance factors about getting his money back. Aaron explained how a Tycoon works and earns revenue.
The tycoon charges 1.5% as a fee from the total investment. Aaron tried his best to convince the sharks. Kevin O’Leary said he would buy RIET instead of investing in his business. Mark Cuban said Real Estate tempts people who can’t afford it. Robert Herjavec believes people who are investing in this must think conservatively. Lori Greiner went out because she didn’t find it a comfortable and profitable business. Barbara Corcoran also found it a scary business and therefore he’s out.
Kevin O’Leary said he could understand how it feels to manage others’ money under your roof, Kevin gave an offer of $50,000 for 50% equity in the business along with the demand of rebranding the business under his name. Aaron declined the offer immediately. No deal was made on the show. Apart from Kevin, no sharks were interested in this business.
What happened to Tycoon after the Shark Tank Show?
The tycoon did not strike any deal on Shark Tank. Founder Aaron McDaniel hoped that Tycoon’s appearance on Shark Tank would attract more people and generate traffic on the company’s website but it was not the case. Aaron sold the business to five real estate crowdfunding businesses for an undisclosed amount.
Jason Fritton, the CEO of Patch of Land, one of the buyers, wanted to acquire Tycoon to show people that the sharks were wrong about crowdfunding in real estate. During the pitch, they came up with a valuation of $1 million, Unfortunately, No other valuation was offered.
After selling Tycoon, Aaron proceeded to start a new business at the same location. He started working on a mobile application named Access Investors Network. The app would enable potential investors to access various sites of crowdfunding from a single location.
He is also available on BigSpeak.com to engage in different events and charges from $7000 to $10000 but he does not want to share much about his Shark Tank experience because he does not have any fond memories from the show.
As of January 2023, Tycoon has acquired over $400 million in properties and has paid out over $10 million in distributions to investors. The company is also planning to expand into new markets and launch new investment products in the future.
Competitors of Tycoon are:-
- KlientBoost
- Infusemedia
- WebEx
- Share My lesson.
What is the net worth of a Tycoon?
The estimated net worth of Tycoon is unidentified as it was acquired by Five real estates for an undisclosed amount. During the show, they came up with a valuation of $1 million.
Is Tycoon still in business?
Tycoon is still in business but under the tag of another brand. As of 2022, Tycoon gets acquired by Patch by land for an undisclosed amount.
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FAQs:
What is Tycoon Real Estate?
Tycoon Real Estate is a platform that allows people to crowdfund but for real estate. Crowdfunding has become widely common all over the world but crowdfunding in real estate is a unique idea. Tycoon Real Estate was permitted to operate similarly to crowdfunding by the 2012 Jumpstart Our Business JOBS Act.
What's the net worth of Tycoon?
The estimated net worth of Tycoon is unidentified as it was acquired by Five real estates for an undisclosed amount. During the show, they came up with a valuation of $1 million.