Mr. Poncho Shark Tank Update |  Mr. Poncho after the Shark Tank Pitch

What is Mr. Poncho?

Mr. Poncho is a protective case for MP3 players that features a tangle-free design for your headphones.

Mr. Poncho was founded in New York by Sandy Hyun and Roman Pietrs.

Sandy is and has been a jewelry designer for many years and Roman works as a musician and graphic designer on the side.

Sandy has a website where she designs and sells jewelry.

Roman works at Global Popstar Design as a Creative Director.

Sandy, as a jewelry designer, has always possessed an artistic bent for design.

Seeing a need to address a daily issue, she began conceptualizing Mr. Poncho. When Sandy described her design concept to Roman, he immediately agreed.

She devised a sleeve cover that was improved by the addition of a rubber cup.

The user then wraps the headphone cord around the cup’s centre and folds back the corners to secure it.

Sandy began manufacturing them herself and, with the assistance of Roman, began selling them online and fulfilling orders from their flat.

Who Founded Mr. Poncho?

Sandy Hyun and Roman Pietrs are the founders.

What happen to Mr. Poncho at the Shark Tank Pitch?

After grossing around $45,000.00 over two years, they recognized the potential for growth; nonetheless, they sought financing largely to establish an office outside of their residence.

With this in mind, they began searching for investors.

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.

They use a musical introduction to attempt to calm the vicious Sharks.

They chant the product’s name, which leaves the Sharks somewhat amused and perplexed.

Robert Herjavec expresses his admiration for Pietrs’ singing ability.

The duo promptly gets to work, presenting their goods and giving sharks samples.

Kevin O’Leary is inquiring as to whether the entrepreneurs have a patent on their invention.

Pietrs notes that they have a pending patent on the device but not on the cup — a critical component of the Mr. Poncho instances.

While the pair has had some success, selling over 5,000 pieces, the Sharks are looking for more specific information.

Kevin Harrington inquires as to the manufacturing cost of the Mr. Poncho and the sale price.

With a material cost of $3 and a sales price of $18, it’s obvious that the pair priced their goods to sell and profit.

Daymond John is inquiring as to whether they have conducted market research on manufacturers for mass manufacturing. He want to know the wholesale price of the Mr. Poncho.

Huyn estimates the manufacturing cost to be “around $1,” based on the cost of the supplies, but the pair has not done their investigation.

Robert Herjavec states that he is opposed to the product since his children wouldn’t purchase it. Due to the lack of a patent on the cup, he is out.

Barbara Corcoran also left citing that the product lack patent.

Kevin O’Leary advises the pair not to “leave your day jobs.” He has departed.

Daymond John refers to the venture as “premature.” He then exits, pointing out various things that the product is missing.

Kevin Harrington feels the pair has a “wonderful home company,” but he does not believe he can invest in it. The final Shark exits the Shark Tank, and the couple exits without a contract from the Sharks.

Mr. Poncho after the Shark Tank Pitch

They continued to sell their Mr. Poncho product directly through websites such as Esty, but their ambition of mass manufacturing was hampered by their lack of a proprietary patent on the primary component of their Mr. Poncho cases.

Mr. Poncho has ceased operations, but Sandy continues to sell her jewelry collection online and in hundreds of retail locations nationwide, including Anthropologie, Neiman Marcus, Nordstrom, and several small, independent jewelers and shopkeepers.

Sandy earns around $1 million per year from her jewelry as of July 2021, and Roman is a Creative Director at Global Popstar Design.

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 FAQS

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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