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Wi Spots Shark Tank Update

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Wi Spots – From the name itself, anyone can get the idea, What Wi Spots actually is! Wi Spots are related to Wifi. Wi Spots does the exact work. Wi Spots is an interactive system model which provides Wi-Fi connectivity to patients in traffic areas of medical rooms or hospitals which includes a waiting room, check-in areas, and examination rooms.

With the help of Wi Spots, Patients may check into the office, complete surveys, and can join clinical trials too. By using a wireless web pad, and putting it into the cable during the appointment period, Advertisers such as Pharmaceuticals corporation pay the charges. Wi Spots interactive system provides Ad-supported Wi-Fi connection services.

Wi Spots at a Glance:-

IdeaInteractive telehealth Patient Centre
FoundersKevin Flannery
Asked For$1.2 million for 10%
Accepted DealNo deal
SharksNo Sharks
Business statusOut of Business
Episode No.Season1, Episode 1
WebsiteWi Spots

Index:

Who was the founder of Wi Spots?

Kevin Flannery is the founder of Wi Spots. He is a former Maritime and wireless technology professional with over 20 years of experience which helped her develop Wi Spots with Ad- supported connectivity. Kevin is also the president and CEO of Aiven Group. Kevin’s handwork had made it possible, it took 6 years of R and D in the retail, healthcare, and media industries to set up.

Kevin’s plan was to create something for patient-centric institutions for education and entertainment solutions. It was not easy for Kevin to do it all with some amount of money. During its initial period, Kevin had to mortgage his house and allocate a fund for his Wi Spots. Before his appearance on the Shark Tank, Kevin had put $550,000 from his own pocket, debit, and credit card.

Did Wi Spots get a deal on the shark Tank?

Wi Spots founder Kevin came on the show in search of investment and expertise from Sharks. Kevin had already given all of his to the growth of the business. Kevin asked for a pitch of $1.2 million for 10% equity of the company. Kevin Shared that he had given all of his work, efforts, and money to make it a successful business in the market.

Kevin O’Leary was first to jump into the conversation and said all of his troops are dying instead of making money. Kevin Harrington said that Wi fi hotspots deliver more than this and went out of it as he didn’t find it investable. Barbara Corcoran appreciated him for his bravery in putting all his resources into a single business, also said that Sitting with a poor idea and putting money into it is worse than having a good idea and saving money.

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After appreciating him, she also went out. Daymond  John directly said, “I’m warning you that you are losing everything in search of getting something” and went out. Robert also said that there is a very fine line between being a fool and having a belief, and Kevin has crossed that line and went out. No deal was offered on the show, Kevin showed thanking gesture to all the sharks for their feedback and moved out.

What happened to Wi Spots after Shark Tank?

After the show, getting no deal from sharks hadn’t demotivated Kevin. After the show’s airing, Kevin got a call from various businesses and distribution channels for Wi Spots and its patent engagement centre. The same corporation was also helpful and made it delightful to find his new Company called WiFiciency also got more goods for hospitals, centers, and healthcare institutions.

Kevin had collaborated his Wi Spots with Worthing Healthcare association which actually works well for Wi Spots in the long run. Mr. Flannery had a belief that now he can get his way back as he was gaining public attention and various investors. After a very short time, it didn’t seem as Kevin had forecasted and he had closed down the business in 2012. Wi Spots was on its way to merging with WiFiciency and other start-ups but unfortunately, everything went out of the path and the pitch got closed.

Competitors of Wi Spots

  • Cisco Wireless
  • Fortinet Forti WLM
  • Aruba Instant
  • Huawei Wireless

What is the net worth of Wi Spots?

At the time of Shark tank’s appearance, they were valued at around $12 million as per the founders. Wi Spots is out of business and its founder had also moved towards the other job. There is no way to measure the Wi Spots net worth.

Is Wi Spots is still in business?

No, Wi Spots is out of business since December 2012. Currently, Kevin Flannery works as the CEO and President of AIVEN Group.

Wi Spots Social links:

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FAQs:

What is Wi Spots?

Wi Spots is an interactive system model which provides Wi-Fi connectivity to patients in traffic areas of medical rooms or hospitals which includes a waiting room, check-in areas, and examination rooms.

Who founded Wi Spots?

Kevin Flannery is the founder of Wi Spots. He is a former Maritime and wireless technology professional with over 20 years of experience which helped her develop Wi Spots with Ad- supported connectivity.

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