Mr. Poncho Net Worth
Mr. Poncho is a company that appeared on Shark Tank in Season 1 Episode 10. The valuation of the company was $200,000 at the time of its appearance. Its current net worth is unknown as of 2022.
What is Mr. Poncho and Who Founded Mr. Poncho?
Mr. Poncho is a protective case for MP3 players that come with a headphone cord tangle-free design. The founders of Mr. Poncho are Sandy Hyun and Roman Pietrs, who are based in New York.
Sandy has been a jewelry designer for many years, and Roman works as a musician and graphic designer.
Sandy also has her own website where she designs and sells jewelry, while Roman works as a Creative Director at Global Popstar Design.
Sandy came up with the idea for Mr. Poncho to address a daily issue, and with Roman’s agreement, she designed a sleeve cover with an added rubber cup.
The user wraps the headphone cord around the cup’s center and folds back the corners to secure it.
Sandy started making the product herself and, with Roman’s help, began selling it online and fulfilling orders from their apartment.
So, Sandy Hyun and Roman Pietrs are the co-founders of Mr. Poncho
Mr. Poncho Shark Tank Pitch
Having made $45,000 in revenue over two years, Sandy Hyun and Roman Pietrs recognized that their business had the potential for growth, and they sought financing to establish an office outside of their home.
To find investors, they participated in Shark Tank, where they offered a 25% stake in Mr. Poncho in exchange for $50,000. This meant that their company was valued at $200,000.
The duo opened their pitch with a musical introduction, which left the Sharks amused and bewildered.
They then presented their product and gave samples to the Sharks, who asked specific questions about the product, such as whether they had a patent and the cost of manufacturing.
Although they had sold over 5,000 pieces, they had not conducted enough market research to satisfy the Sharks, who ultimately did not offer them a deal.
As a result, Mr. Poncho continued to sell its product directly to customers through online platforms like Etsy, but its lack of a proprietary patent on the primary component of their Mr. Poncho cases hindered its ambition of mass manufacturing.
Despite this setback, Sandy continued to sell her jewelry collection online and in several retail locations nationwide, earning approximately $1 million annually as of July 2021, while Roman works as a Creative Director at Global Popstar Design.
Table Summary: Mr. Poncho Shark Tank
| TOPIC | INFORMATION |
| Company Name | Mr. Poncho |
| Founders | Sandy Hyun and Roman Pietrs |
| Product | Protective case for MP3 players with a headphone cord tangle-free design |
| Appearance on Shark Tank | Season 1 Episode 10 |
| Financing sought on Shark Tank | $50,000 in exchange for 25% equity |
| Valuation on Shark Tank | $200,000 |
| Revenue before Shark Tank | $45,000 over two years |
| Competitors | No direct competitors |
| Current Net Worth | Unknown as of 2022 |
| Current Status | No longer in business |
| Post-Shark Tank sales | Direct sales on sites like Etsy |
| Founders’ current occupations | Sandy sells her jewelry collection, while Roman works as a Creative Director at Global Popstar Design |
| Reasons for closing | Lack of a patent on the primary component of the Mr. Poncho cases, and the rise of Bluetooth headphones |
Mr. Poncho Net Worth
Sandy Hyun and Roman Pietrs enter Shark Tank in exchange for $50,000 and a 25% share in Mr. Poncho. This results in a value of $200,000.
Mr. Poncho Competitor
Mr. Poncho has no direct competitors.
Mr. Poncho Updates
Mr. Poncho is a protective case for MP3 players that keeps headphone cords tangle-free. It was created by Sandy Hyun and Roman Pietrs, who appeared on Shark Tank in Season 1 Episode 10 seeking $50,000 for 25% equity.
The company was valued at $200,000 at the time of its appearance. However, the sharks did not invest in the product, and Mr. Poncho is no longer in business.
There is little information available about what Sandy Hyun and Roman Pietrs have been up to since Mr. Poncho’s appearance on Shark Tank. Sandy Hyun has been earning around $1 million per year from her jewelry as of July 2021.
It is unclear whether the two are still working together or pursuing other ventures.
The lack of a patent on the rubber cup was a significant issue for Mr. Poncho, and the rise of Bluetooth headphones made it difficult for the company to stay relevant. As a result, Mr. Poncho is no longer operating.
Mr. Poncho FAQS
What Is Mr. Poncho?
Mr. Poncho is a product that appeared on Shark Tank in Season 1 Episode 10. It is a protective case for MP3 players that keeps headphone cords tangle-free. The founders of Mr. Poncho are Sandy Hyun and Roman Pietrs, who are based in New York.
They came up with the idea and took it to a craft fair, where they began selling homemade Mr. Poncho cases. They appeared on Shark Tank hoping to acquire $50,000 in return for a 25% stake in Mr. Poncho. However, they left without a deal.
After their appearance on Shark Tank, Sandy and Roman continued to sell their Mr. Poncho product through direct sales on sites like Etsy. However, the lack of a patent on the rubber cup was a definite issue for the business. With the rise of Bluetooth headphones, the company had a hard time staying relevant. As of 2022, Mr. Poncho is no longer in business.
How Does Mr. Poncho Works?
Mr. Poncho is a case for MP3 players and smartphones that keeps headphone cords from getting tangled up. Sandy Hyun and Roman Pietrs, a jewelry designer and graphic artist, respectively, invented Mr. Poncho as a solution to the common problem of tangled headphone cords.
To use Mr. Poncho, slide the MP3 player or smartphone into the sleeve and pop up the rubber cup/cord holder on the side of the sleeve to wrap or unwrap the headphone cords.
Sandy and Roman had been in business for about two years and had totaled $46,000 in sales when they appeared on Shark Tank in 200. They asked for $50,000 in return for a 25% stake in Mr. Poncho but did not receive an investment.
After the show, they continued to sell Mr. Poncho through direct sales on sites like Etsy, but there is no evidence that Mr. Poncho is still around now.
Although Mr. Poncho is no longer operating, Sandy and Roman seem to have achieved success in their respective careers without it. Sandy sells her jewelry line on her website and in hundreds of retail stores, including Anthropologie.
What Happened To Mr. Poncho After Shark Tank?
Mr. Poncho is a company that appeared on Shark Tank in Season 1 Episode 10. Sandy Hyun and Roman Pietrs, the co-founders of Mr. Poncho, entered the Shark Tank seeking $50,000 in exchange for a 25% stake in their company, which valued the company at $200,000.
The Sharks were not impressed with the company’s sales and did not see it as a profitable investment. As a result, they left the Shark Tank without a deal.
After the show, Sandy and Roman continued to sell their Mr. Poncho product through direct sales on sites like Etsy. However, the lack of a patent on the rubber cup was a definite issue for the business, and with the rise of Bluetooth headphones, the company had a hard time staying relevant.
As of 2022, the net worth of Mr. Poncho is unknown, and the company is no longer operating.
Despite the failure of Mr. Poncho, Sandy and Roman seem to have achieved success in their respective careers without it.
What Is The Current Valuation Of Mr. Poncho?
The current valuation of Mr. Poncho is unknown as of 2022. Mr. Poncho appeared on Shark Tank in Season 1 Episode 10, and its valuation at the time was $200,000. However, there is no information available on the current net worth or valuation of the company.
Mr. Poncho is a company from New York that has invented a small colorful pouch with a wheel that someone can wrap their headphones around, preventing tangling. The company has been in business for two years, and in the first year, it made $11,000, while in the last year, it made $35,000.
Each headphone pouch costs $3 to make and is hand-made, and the entrepreneur sells them for $18 each.
Although Mr. Poncho does not seem to be financially strapped, the founders need investments to expand their business and establish physical locations outside their apartments.
The company is not mentioned as the best or worst Shark Tank contestant, and there is no online presence of Mr. Poncho as of 2022. Some websites claim to sell Mr. Poncho sleeves, but upon clicking on the links, the website no longer exists.
Is Mr. Poncho Still In Business?
Based on the search results, it appears that Mr. Poncho is no longer in business. The company appeared on Shark Tank in Season 1 Episode 10 and was seeking $50,000 for 25% equity. The sharks did not invest in the company, and the lack of a patent on the rubber cup was a definite issue for the business.
The company sold cases for smartphones and MP3 players with headphone storage. The product enabled headphone users to avoid all the tangling and wrapping of cords.
After the show, Sandy and Roman continued to sell their Mr. Poncho product through direct sales on sites like Etsy, but their dream of mass production was limited by their lack of a proprietary patent on the main component of their Mr. Poncho cases – the rubber cu.
The company did not endure due to a lack of startup funding. The net worth of Mr. Poncho is unknown as of 2022. The details of what Sandy and Roman have been up to are unclear at the moment.
Who founded Mr. Poncho?
Sandy Hyun and Roman Pietrs.
What was Mr. Poncho’s biggest strength?
The product is designed to protect headphones from tangles, which makes it safe for kids and spouses to use.
What was Mr. Poncho’s biggest weakness?
The lack of a patent on the primary component of their Mr. Poncho cases.
Did Mr. Poncho get a deal from Shark Tank?
Mr. Poncho founders Sandy Hyun and Roman Pietrs enter the Shark Tank seeking $50,000 for 25% of their company but they left without any investment from the Sharks.
Which episode of Shark Tank featured Mr. Poncho?
Season 1 Episode 10 featured Mr. Poncho.
Where can they buy Mr. Poncho?
Mr. Poncho is no longer in business.
How do they make money?
Direct sales through their website and various online channels.
How does Mr. Poncho work?
Their product enables headphone users to avoid all the tangling and wrapping of cords.
What is Mr. Poncho’s revenue?
Sandy Hyun, who is the founder of Mr. Poncho, has been earning around $1 million per year from her jewelry as of July 2021.
How much money has Mr. Poncho made?
The duo grossed around $45,000 over two years and recognized the potential for growth; they sought financing largely to establish an office outside of their residence.
How much does it costs to purchase Mr. Poncho?
Their product is priced at $18.
Is Mr. Poncho still in business?
Mr. Poncho is no longer in business.
How did they come up with the name?
They came up with the name because they thought the name was ironic.
What industry is Mr. Poncho in?
They used to be in the Consumer Electronics space, but now they devote their time on jewelry and accessories such as earrings, necklaces, handbags and cell phone cases.
Who has the patent on their patents?
They have a pending patent on the product itself. They have not filed for a patent for the cup.
Who manufactures Mr. Poncho?
Sandy Hyun and Roman Pietrs manufacture Mr. Poncho themselves in their home workshop.
What else is Mr. Poncho known for?
They are also known for their work on jewelry and accessories such as earrings, necklaces, handbags and cell phone cases.
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