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Dr. Eric Roy went swimming with the sharks and came out with a $400,000 handshake.

Roy, whose water filtration company Hydroviv was one of the featured segments on the April 14 episode of the ABC show “Shark Tank,” successfully pitched his idea, procuring a preliminary deal with Mark Cuban. The terms: $400,000 in exchange for a 20% stake in Hydroviv.

Roy’s presentation definitely captured the attention of all of the Sharks, though a number of them had concerns that precluded them from making their own investments. Some thought that it might prove difficult to ensure that potential customers actually needed the product’s help. Others worried that Roy’s desire for professional marketing assistance wasn’t the best focus for his attention.

One highlight was Roy’s insistence on trying to ensure Barbara Corcoran had a full understanding of the facts regarding his product and business even as Cuban was on the verge of closing the deal.

(As someone who has known Eric for many years, I can confirm that this exchange is extremely on-brand. He believes that facts are important.)

But in the end, he got what any entrepreneur who climbs into the “Shark Tank” is looking for: a deal.

Dr. Roy took time out of the post-airing whirlwind to answer a few more questions for us here at The Maine Edge; if you missed last week’s preview story, you might want to check it out elsewhere on our website.

Published in Biz
Wednesday, 10 April 2019 12:39

Maine native dives into the ‘Shark Tank’

WASHINGTON, D.C. – A Maine native is getting ready to swim with the sharks.

Dr. Eric Roy, founder of the water filtration company Hydroviv, will be appearing on the ABC show “Shark Tank.” A native of Lisbon who got his bachelor’s degree from Colby College and his PhD from the University of Maine, Roy will appear on the entrepreneurial show on April 14 at 10 p.m.

Hydroviv produces customizable water filters for home or commercial use. Through analysis of water quality data drawn from sources ranging from federal to local, Hydroviv is able to determine just what the customer’s specific filtration needs might be and to optimize the filters – built to order at their Washington, D.C. facility – as necessary.

Dr. Roy answered a few questions for The Maine Edge in advance of his “Shark Tank” appearance, sharing what tidbits he could while still maintaining secrecy with regards for how it all turned out (if you want to know that, you’ll have to tune in).

Published in Biz
Wednesday, 27 January 2016 13:17

Hydroviv lends Flint a helping hand

DC-based water filtration startup aims to assist city in crisis

WASHINGTON, D.C. By now, you've likely heard about the ongoing struggles in Flint, Michigan regarding their drinking water situation. Thousands upon thousands of people are struggling to find water that is safe.

However, as in most crises in this country, there are people who want to help.

Published in Tekk

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