HiccAway has become a household name for its innovative solution to a common yet annoying problem: hiccups. This device, designed to stop hiccups instantly, gained significant attention and investment after appearing on the popular TV show Shark Tank. This article explores the origins, development, and success of HiccAway, highlighting its journey from inception to a thriving business.
Profile Details
| Category | Details |
| Company Name | HiccAway |
| Founded | 2019 |
| Founders | Dr. Ali Seifi, Amanda Azarpour, Victor Feldberg |
| Business | Natural Remedy for Hiccups |
| Net Worth (2024) | $11 Million |
| Annual Income | $5 Million+ |
| Monthly Income | $500,000+ |
| No. of Employees | 25 |
| Shark Tank Deal | $250,000 for 20% equity |
| Shark | Mark Cuban |
| Episode | Season 13, Episode 12 |
Founders and Inception
HiccAway was founded by Dr. Ali Seifi, Amanda Azarpour, and Victor Feldberg in 2019. Dr. Seifi, a neurointensive care specialist, developed the device after observing many patients suffering from persistent hiccups, especially after surgery. His clinical background provided the medical insights necessary to create a solution that could effectively address hiccups.
Amanda Azarpour, with a degree in business marketing from San Jose State University, brought her expertise in business and marketing to the team. Victor Feldberg, a seasoned entrepreneur, added his experience in business development to round out the founding trio.
How HiccAway Works
HiccAway operates on the principle of Forced Inspiratory Suction and Swallowing Technique (FISST). This method involves using a specially designed L-shaped straw that creates suction and requires the user to swallow. The process stimulates the diaphragm and the epiglottis, stopping hiccups almost instantly. The device is simple to use, affordable, and available to a wide audience.
Shark Tank Experience
In 2023, HiccAway appeared on Shark Tank, seeking investment to scale their business. The founders asked for $250,000 in exchange for 10% equity. The pitch impressed Mark Cuban, who offered the requested amount but for 20% equity, which the founders accepted. This deal provided HiccAway with not only the necessary funds but also the mentorship and business acumen of one of the most successful investors on the show.
Financial Growth and Success
HiccAway has seen remarkable growth since its Shark Tank appearance. The company’s net worth has grown exponentially, reaching $11 million in 2024. Their annual income stands at over $5 million, with a monthly income exceeding $500,000. This financial success is a testament to the product’s effectiveness and the strategic guidance provided by Mark Cuban.
| Year | Net Worth |
| 2024 | $11 Million |
| 2023 | $6 Million |
| 2022 | $2 Million |
| 2021 | $500,000 |
| 2020 | $200,000 |
Market Presence and Availability
HiccAway is widely available, both online and in retail stores. Priced at around $14, the device can be purchased on Amazon, Wal-Mart, and HEB Organics shops. Its affordability and ease of use have made it a popular choice for people suffering from hiccups across the globe. The device has also gained popularity through endorsements by scientists, TikTok users, and Amazon reviewers, who have all testified to its effectiveness.
Competition
HiccAway operates in a niche market with few direct competitors. However, it faces competition from companies like AMES Technology Inc., Tyton Design and Development, Quadriciser Corp, and Nexeon MedSystems Inc., which offer various medical devices and solutions. Despite the competition, HiccAway has managed to carve out a significant market share due to its unique approach and effectiveness.
Ongoing Operations and Future Plans
As of mid-2023, HiccAway continues to operate successfully, expanding its reach and improving its product offerings. The company is exploring new markets and opportunities to enhance its product line, potentially venturing into other areas of medical devices and solutions.
Conclusion
HiccAway’s journey from a simple idea to a successful business is a story of innovation, dedication, and strategic growth. The company’s ability to address a common problem with a simple yet effective solution has earned it widespread recognition and financial success. With a strong foundation and continued support from its investors and customers, HiccAway is poised for even greater achievements in the future.
