All33 BackStrong Chair Shark Tank Net Worth 2023
All33 Chair appeared on Shark Tank Season 12 Episode 9 and asked the Sharks for a $20 million valuation of $500,000 for 2.5% equity.
Despite being impressed by the chairs, the sharks weren’t too impressed with All33’s $20 million valuation.
The company had managed to amass $3.2 sales year to date at the time of the pitch and planned to end the year at $5.5 million and turn a profit. Bing Howenstein is the CEO of All33 Chair, which has a net worth of $5.5 million as of 2022.
All33 Chair is an ergonomic office chair that allows users to move all 33 vertebrae while they sit. Lumbar support, spinal health, and back strength are all provided by the chair.
Even though All33 didn’t secure an investment from the Sharks, it is still in operations and claims to have enjoyed record sales since filming. They will achieve $4 million in yearly revenue by July 2021.
What is All33 BackStrong Chair? Who Founded All33 BackStrong Chair?
All33 is an ergonomic office chair that allows them to move all 33 of their vertebrae while they sit. Lumbar support, spinal health, and back strength are all provided by the chair.
All33, which is available in vegan leather or fabric, makes you feel more energized and productive. Dr. Dennis Colonello and Jim Grove founded All33.
The chair, on the other hand, was presented on Shark Tank by CEO Bing Howenstein.
Howenstein is a seasoned businessman with a background in film and television.
Howenstein was President of George Street Pictures, a Warner Bros. production company, from 1995 to 2003.
Following that, Howenstein founded several start-ups’, including BacJjoy Orthotics and Bonfire Enterprises.
Dr. Dennis Colonello is a world-renowned chiropractor with over 35 years of experience, who also serves as the Los Angeles Clippers’ team chiropractor.
He co-founded the company with Jim Grove, who helped design office chairs that have sold for more than $500 million.
All33 BackStrong Chair Shark Tank Pitch
The chair has a unique design where its base hangs from the arms, resembling a saddle. Its ergonomic design provides a cradle for the back and the “sit in motion technology” allows for movement, benefiting the core, back, and circulation. The company started with an IndieGoGo and Kickstarter campaign in 2017/2018 and raised $1,307,184.
During the pitch, Bing offered $500,000 for a 2.5 percent stake in the company, which valued it at $20 million. He began his presentation by playing a video of Justin Bieber endorsing the product, stating that “this is the place” to sit.
Although the Sharks were impressed with the chairs, they were deterred by the high valuation. Bing was offended when Barbara called him a slick salesperson and left without a deal.
All five Sharks declined to negotiate, citing the company’s high valuation. However, All33 continued to operate and claims to have experienced record sales since the filming. By July 2021, the company expects to achieve $4 million in yearly revenue.
All33 BackStrong Chair Net Worth?
Bing comes in with a $500,000 offer for a 2.5 percent stake in the company. This equates to a $20 million value.
All33 BackStrong Chair Competitors
There are some competitors of All33 BackStrong Chair, this includes; ErgoErgo Ergonomic Stool, Serta Works Ergonomic Executive Office Chair, Global United Brown Leather Air, Match Recliner Chair, Viotek Air Comfort Massage Cushion, Duramont Ergonomic Adjustable Office Chair, Tempur-Pedic TP9000.
All33 BackStrong Chair FAQS
What is the price of the BackStrong Chair?
This chair is now $799 in both vegan leather and fabric upholstery. (They may also apply for Affirm, which allows them to make monthly payments as little as $67.)
How much does shipping cost?
Shipping is completely free.
Can they get a free trial before they buy?
Although the organization does not provide free samples prior to purchase, it does provide a 60-day money-back guarantee.
If they decide this chair isn’t right for them, they may return it for a full refund.
Is it available in a variety of fabrics?
Yes, there are now two upholstery options: vegan leather and cloth.
Is it available in a variety of colours?
Yes, both the vegan leather and fabric chairs are available in three colours: black, red, and brown.
Is the chair self-assembly required?
Yes, but all of the essential components are available in a few pieces, and assembly should take no more than 10 minutes.
Is this office chair movable?
Yes — they can raise or lower the height, swivel 360 degrees around, and flip the arms up so they’re out of the way.
What’s the chair’s maximum weight capacity?
This chair is tested to support up to 275 pounds.
Can you get the All33 BackStrong Chair on Amazon?
No — right now this chair is only available through the All33 website, but shipping is free and past reviewers have been overwhelmingly happy with their experience.
Who founded All33 BackStrong Chair?
All33 was founded by Dr. Dennis Colonello and Jim Grove.
How much does All33 BackStrong Chair cost?
All33 BackStrong Chair is now $799 in vegan leather and fabric upholstery. (For the price of the chair, they may also apply for Affirm, which allows them to make monthly payments as little as $67.)
How much weight can the chair hold?
The chair can support up to 275 pounds.
What sort of chair can they find on Shark Tank?
The ALL33 BackStrong C1, a premium ergonomic office chair backed by celebrities, sportsmen, and physicians, is due to debut on ABC’s Shark Tank on Friday, January 8, 2021.
Did ALL33 strike a deal?
Their proprietary ergonomic sit-motion technology engages and keeps all 33 vertebrae moving, preventing posture and tiredness difficulties.
All of the Sharks decline to make an offer to ALL33, causing Bing to exit the Shark Tank without a contract.
Who actually owns ALL33?
ALL33’s CEO is Bing Howenstein of Boulder, Colorado.
The number 33 refers to vertebrae, which are the 33 separate bones that connect to create the spinal column.
How do they make adjustments to a BackStrong chair?
Lean forward and reach beneath the right side of the chair for the handle while seated.
Lift the lever and gently elevate their torso to allow the chair to rise to the appropriate height.
Once the required height has been obtained, release the handle to secure the chair in place.
What exactly is All33?
All33 is an ergonomic office chair that allows them to move all 33 of their vertebrae as they sit.
Lumbar support, spinal health, and back strength are all provided by the chair.
All33, which is available in vegan leather or cotton, makes them feel more energized and productive.
What portion of their back does this chair help with?
The ALL33 adjusts all 33 vertebrae in their back, assisting them with good posture and providing comfort.
Unfortunately, spending most of their day seated can create soreness, stiffness, and discomfort in their spine because they are exerting strain on the muscles and discs in their back and neck.
Is this chair going to assist with their back pain?
Every back is different, as are the aches and pains that come with it. Their chair has aided a large number of people suffering from a range of ailments.
What is the net worth of Bing Howenstein?
Bing Howenstein net worth is $3 Million.
When was All33 BackStrong Chair aired on Shark Tank?
It was on 8, January 2021.
