Round21 Shark Tank Net Worth – What Happen To Round21 After The Shark Tank?
What is Round21 Shark Tank Net Worth?
Round21, a company that merges artists and athletes to create unique sports products and apparel, appeared on Shark Tank in 2021. At the time of their appearance, the business valuation was estimated to be around $2.5 million.
This is a lower valuation compared to what the Founder Jasmine Maietta estimated when she sought $250,000 from Shark in exchange for 3% equity of the company (estimated $8.33 million valuation).
Since then, Round21 has seen an increase in orders and is now selling its products on its own website Art as Sport – round21, Amazon, and multiple retail sports stores.
The founder, Jasmine Maietta, appeared on season 13 of Shark Tank and got a deal with Kevin O’Leary. However, the deal with Kevin O’Leary has not yet been closed.
As of 2023, Round 21’s net worth is estimated to be around $2.5 million. After appearing on Shark Tank, Round21 partnered with established sports firms like Fanatics, Dick’s Sporting Goods, and NBALAB.
The company has its own website Art as Sport – round21 and is in multiple retail sports stores. Jasmine Maietta’s net worth is estimated to be between $50,000 and $100,000.
What Is Round21? Who Is The Founder Of Round21?
Round21 is a lifestyle brand that blends creativity with sports culture. It was founded in 2021 by Jasmine Maietta, a former pro athlete who left the corporate world to celebrate the originality within each player through art and bring people together through play.
Round21 partners with a talented group of creators, athletes, and artists to unlock sports as a canvas. The company provides artistic and unique designs to the sports products used for NBA, NFL, etc., which attract and redirect the sports fans to her products.
Round21’s products include artistic ping pong paddles, soccer balls, basketballs, and footballs. The company’s goal is to honor the unique identities of sports fans everywhere by bringing art to the unexpected canvas of sports.
Round21 partners with influential brands ranging from emerging to established ones. The company has its own website and sells its products on Amazon and multiple retail sports stores.
In addition to selling physical products, Round21 also sells NFTs that acts as a social brand and give customers access to early product drops or physical events that they launch.
The company is expanding its network of artists, partners, and athletes. Some notable athletes who have collaborated with Round21 include Tom Brady, Derrick Henry, and Russell Wilson.
What Happened To Round21 At The Shark Tank?
Round21 is a company that connects sports fans, athletes, artists, and entrepreneurs by creating digital artwork and sports equipment. The company was founded in 2020 by Jasmine Maietta after she spent decades with athletes, entrepreneurs, artists, and entertainers who love sports.
Founder Jasmine Maietta sought $250,000 for 3% equity in the company, which had an estimated valuation of $8.33 million at the time.
The good news is that the aspiring entrepreneur managed to explain the basics of NFTs to the Sharks without much difficulty.
However, it took them some time to fully grasp her intricate business model. Lori was impressed with Jasmine but didn’t feel like she was the right fit, so she decided to back out. Robert also didn’t see this as a good fit for him and declined to invest.
Daymond felt it was too early to invest and also opted out. Mark was interested but wanted to know why the sales weren’t higher.
Jasmine informed him that she had purchase orders with major sports retailers, but Mark was already doing something similar with the Mavs, so he declined to invest.
Kevin, on the other hand, expressed interest and even mentioned that he owned the URL NFT.com and was already heavily involved in that space. However, he offered only $250,000 for 15% equity, which Jasmine thought was too steep.
After a commercial break, Kevin proposed a revised deal of $250,000 for 11% equity plus 2% of all NFT sales. Jasmine countered $250,000 for 5% equity, an advisory share, and 10% of all NFTs sold.
Kevin made another counteroffer, this time offering $250,000 for 10% equity and 1.5% of NFT sales. Jasmine eventually accepted the offer, and Kevin promised to develop a strategy to help grow the business.
What Happened To Round21 After The Shark Tank?
Round 21, a company that creates digital artwork and sports equipment as a platform for professional athletes to promote their message, appeared on season 13 of Shark Tank in 2020.
After appearing on Shark Tank, Round 21 received a deal with Kevin O’Leary and orders for their products skyrocketed.
The company has since partnered with established sports firms like Fanatics, Dick’s Sporting Goods, and NBALAB, and is estimated to be worth $2 million as of 2023.
Is Round21 Still In Business?
Round 21 is still in business. The company was featured on Shark Tank in 2021 and managed to strike a deal with Kevin O’Leary. Since then, the company has grown to have a net worth of approximately $2,500,000.
Round 21 partners with talented creators, athletes, and artists to unlock sports as a canvas and provide unique designs for sports products used for NBA, NFL, etc. The products are stylish and the variety of designs matches the customer’s personal style.
However, the products are expensive. Round 21 is for sports fans who want an authentic platform to support their favorite athletes and artists and buy unique designs and sports products.