Ootbox Hats Shark Tank Net Worth-What Happened After Shark Tank?

What is Ootbox Hats Shark Tank Net Worth?

OotBox is a startup that provides temporary workspace solutions. The founders, Robbie Friedman and Allison Zofan appeared on Shark Tank in March 2022 seeking an investment of $300,000 for 5% equity in the business valuing the company a $6 million.

The Sharks had a few back-and-forth discussions with the founders, but ultimately Barbara Corcoran invested $300,000 for 10% equity in the company reducing the company net netwoth valuation by half to $3 million.

As of 2021, OotBox had sales of $900,000.

After appearing on Shark Tank, ootBox’s popularity increased significantly. Many people came to know about this startup through the show. According to, OotBox’s net worth before appearing on Shark Tank was $6 million.

Its valuation at the time of the show was $6 million but was brought down to $3 million by Corcoran. However, as of 2022, OotBox’s current net worth is currently not available.

OotBox is still in business and doing well. It currently provides four types of workspaces that customers can rent through its official website.

Table: Ootbox Hats Shark Tank Summary

INFORMATION	DETAILS
Founders	Robbie Friedman and Allison Zofan
Company Type	Leasing real estate startup
Founded	November 2020
Shark Tank Episode	Season 13, Episode 16
Shark Tank Valuation	$6 million
Shark Tank Deal	Barbara Corcoran invested $300,000 for 10% equity
Valuation after Shark Tank Deal	$3 million
Current Valuation	$3.3 million
Ootbox Hats Product	Portable, eco-friendly, fully furnished workspaces
Ootbox Hats Models	OG and O2 (with an operable window)
Ootbox Hats Price	OG: $1000 per month; O2: $1100 per month
Ootbox Hats Features	Soundproof, insulated, temperature-controlled, fully equipped
Ootbox Hats Popularity	Increased significantly after appearing on Shark Tank
Ootbox Hats Sales (2021)	$900,000
Ootbox Hats Status	Still in business and providing four types of workspaces for rent

Ootbox Hats Updates

OotBox is a company that provides portable, eco-friendly, and fully furnished workspaces that can be bought, rented, or leased. The company was founded in 2015 by Robbie Friedman and Allison Zofan in Columbus, Ohio.

OotBoxes are available in two models, the OG and O2, which are technically the same apart from the O2 having an operable window and costing $1100 per month compared to the OG’s $1000 per month price tag.

The workspaces are soundproof, insulated, and temperature-controlled, and come fully equipped with air conditioning, wall panels, flooring, and lighting. OotBoxes are also brand-able with customized designs and logos.

OotBox appeared on Shark Tank in season 13, episode 20. The founders pitched their cutting-edge solution to workplaces on demand and received a favorable response upon its release.

OotBox proved to be an easy solution, especially for companies wanting to invest in pop-up stores or offices, as OotBoxes were ready for use upon delivery and had no installation delays.

The company is still in business and provides four types of workspace that can be rented by contacting the official website of OotBox. The current valuation of OotBox is $3.3 million.

What Are Ootbox Hats And Who Founded Ootbox Hats?

Ootbox Hats is a Columbus, Ohio-based leasing real estate startup founded in November 2020 by Robbie Friedman and Allison Zofan.

The company provides private office spaces in the form of moveable, temporary, and beautiful workspaces made from sustainable materials and upcycled shipping containers.

Ootbox was featured on Shark Tank in 2021 and has since seen an uptick in demand for its services due to the COVID-19 pandemic, with hospitals leasing ootboxes as lab stations in their parking lots. The company’s valuation after shark pitch was estimated to be $3.0 million.

 

How Does Ootbox Hats Works?

OotBox is a fully-furnished workspace that can be bought, rented, or leased as per one’s convenience. It is a portable, eco-friendly, and easy-to-set-up mobile workplace that comes fully equipped with air conditioning, wall panels, flooring, and lighting.

Each unit provides a soundproof, insulated, and temperature-controlled workplace that is suitable for outdoor conferences, backyard offices, pop-up shops, and personal business offices. OotBox is made by using half of a shipping container and can be customized according to the customer’s requirements.

OotBox was met with a favorable response upon its release and soon became quite popular among the corporate crowd. It proved to be an easy solution, especially for companies wanting to invest in pop-up stores or offices, as OotBoxes were ready for use upon delivery and had no installation delays.

At present, OotBoxes can be availed in two models, namely the OG and O2. The models are technically the same apart from the O2 having an operable window and costing $1100 per month compared to the OG’s $1000 per month price tag.

OotBox is suitable for entrepreneurs or people who want a personal office space to spend their time in. It is a flexible workspace that can be customized according to the customer’s requirements. However, OotBox is expensive and cannot be afforded easily by an average person.

What Happened To Ootbox Hats At Shark Tank?

Ootbox is a Columbus-based company that appeared on Shark Tank in season 13, episode 16. The founders, Robbie Friedman and Allison Zofan presented their business venture to the Sharks and received a deal with Barbara Corcoran.

They sought $300,000 from the Sharks in exchange for 5% equity in their company. The valuation at the time of the show was $6,000,000, which was brought down to $3,000,000 by Corcoran investment of $300,000 for 10% equity.

Since Shark Tank is not a legally binding contract and a lot happen behind the scenes, the deal ended up falling through.

However, Ootbox’s popularity increased after appearing on Shark Tank and they received many orders through its popularity because there are many people who want their own temporary workspace.

What Happened To Ootbox Hats After Shark Tank?

Ootbox is a company that appeared on Shark Tank. Following their appearance, the company has expanded even more. Barbara Corcoran invested in Ootbox and tweeted “Welcome to the Family Ootbox” after the show aired.

The net worth of Ootbox is estimated to be $10 million, with a valuation of $6,000,000 at the time of the show which was brought down to $3,000,000 by Corcoran.

 

What Is The Current Valuation Of Ootbox Hats?

The current valuation of Ootbox Hats is $3.3 million. However, another source states that the valuation of Ootbox Hats was $6 million at the time of their appearance on Shark Tank, but was brought down to $3 million by Barbara Corcoran.

As of 2022, the net worth of Ootbox Hats was estimated to be $10 million.

Ootbox Hats is a Columbus, Ohio-based leasing real estate startup founded in November 2020 by Robbie Friedman and Allison Zofan.

The company provides private office spaces in the form of moveable, temporary, and beautiful workspaces made from sustainable materials and upcycled shipping containers.

Ootbox Hats appeared on Shark Tank in March 2022 seeking an investment of $300,000 for 5% equity in the business, valuing the company at $6 million.

It is unclear whether the valuation of Ootbox Hats has changed since their appearance on Shark Tank in March 2022. However, as of March 2023, Ootbox Hats is still in business.

Are Ootbox Hats Still In Business?

Yes, ootBox is still in business as of March 2023. Ootbox is a Columbus-based company that provides movable, temporary, and customizable workspaces made from upcycled shipping containers.

The company was founded in 2016 by Robbie Friedman and Allison Zofan with the idea to give people a private office space. They offer a range of workspaces for various purposes on a monthly rent basis.

OotBox has been featured on Shark Tank Season 13 Episode 16, which increased its popularity and brought many orders through its website.

OotBox’s workspaces are eco-friendly as they use sustainable materials and upcycled shipping containers. The company offers turnkey solutions that require no setup, electrician, permits, or wasting time.

Their workspaces are brandable and can be customized according to the customer’s needs. Customers can rent an ootbox workspace for their businesses, hospitals, development sites, or backyards anywhere in the world.

According to Dealroom.co, ootBox was launched in June 2019 and has between two to ten employees. It is owned by venture capital but its market cap and net debt are not available on the website.