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.
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.
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.
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.