Rounderbum Shark Tank Update | Rounderbum after Shark Tank
What is Rounderbum?
Rounderbum designed a men’s line specifically for individuals who want to seem more handsome, athletic, and in need of body boosting underwear, in response to an increasing trend of guys who care about their looks.
Diersing appeared on “Shark Tank” seeking of a $150,000 investment in exchange for a 10% stake in his company.
Rounderbum showcased the most cutting-edge technology in men’s shapewear ranging from innovative cushioning to seamless and fusing production.
He mentioned that make every effort to make every man feel and appear better, more macho and confident.
Diersing expected Rounderbum to make $1 million in sales in 2018, he said while selling investors on ABC’s “Shark Tank.”
In 2015, he released Rounderbum, which exclusively sold online. According to Diersing, the company has made over $1 million in sales from May 2015 to the time of recording, with $700,000 in the preceding year.
A pair of briefs costs between $20 and $29 on Rounderbum’s website whilea padded muscle shirt costs $49.
How does Rounderbum work
Rounderbum’s unique Padded Technology employs concealed padding comprised of flexible polyurethane that adjusts to every body shape.
Other methods employ concealed bands of technology and compression to elevate and define the muscles in a subtle and undetectable manner.
Rounderbum’s cutting-edge design is meticulously created using a unique manufacturing method that is unnoticeable beneath clothing, whether padding, concealed bands, or compression is employed.
Rounderbum after Shark Tank
Diersing appeared on “Shark Tank” seeking of a $150,000 investment in exchange for a 10% stake in his company.
Initially, Robert Herjavec proposed to contribute $150,000 for a 20% stake in the company, which Kevin O’Leary dismissed as “greedy and vicious.”
Kevin O’Leary then made an offer to invest $150,000 in exchange for a 5% share in the company, plus O’Leary would get $300,000 in royalty payments of $2 each unit sold.
Diersing accepted O’Leary’s offer.
Rounderbum Net Worth
Jonathan pitched Rounderbum on Shark Tank Show while seeking $150,000 investment in exchange for 10% of his company.
That means the company had an estimated valuation of 1.5 million net worth.
The company has since grown and expanded. As of 2021, the net worth of the Rounderbum business should be in tens of millions of dollar valuation.
Rounderbum FAQS
What exactly is Rounderbum?
Rounderbum is an underwear brand known for its men’s range, which is designed for guys who wish to seem more athletic and handsome.
They have men’s range of padded underwear and shapewear. The cushioning is made to be seamless and to feel natural to the touch.
What exactly is proportional padding?
Proportional padding provides a natural boost to the glutes in all the right areas.
What was the deal?
Jonathan Diersing of Hollywood, California, the inventor of RounderBum, pitched his successful retail firm on Shark Tank in January 2018.
Diersing received two offers: one from Robert Herjavec ($150k for 20%) and another from Kevin O’Leary ($150k for 5% + $2 each unit sold until they reached $300,000).
He accepted Kevin’s offer.
What is Jonathan’s elevator pitch?
He goes on to say that it’s a body sculpting technology that’s “redefining the underwear business.
He explained that they provide several underwear technologies, all of which let the wearer “feel beautiful before going out the front door.
He said that, in addition to typical compression shapewear, they go one step further to enhance the shape of your body from head to toe in places that you desire the most.
Where can you buy Rounderbum?
The product can be bought at Amazon and the company website.
What are people saying about it?
The padded trunks now have a four-star rating on Amazon, with over a dozen reviews.
When was RounderBum featured on the shark tank?
In Shark Tank episode 917, Jonathan Diersing seeks an investor for RounderBum, a line of underwear designed to “improve male attributes.”
How much does a pair of underpants cost?
A pair of underpants will set you back $25.
What was the deal with Rounderbum?
And although the sharks were first skeptical of Rounderbum’s concept, they were eventually persuaded by the company’s good 2017 sales statistics of about $1 million and equally solid profit margins of about 30 percent.
He accepted Kevin’s offers of $150,000 with a $2 royalty until $300,000 is recouped in exchange for a 5% stake in the company.
What are Rounderbum’s products?
Rounderbum’s main product is men’s padded underpants. It is a brand of men’s muscle shirts and padded underwear.
What was the effect of Rounderbum appearing on Shark Tank?
Many brands often fface significant a “Shark Tank” effect, which is an increase in sales as a result of Shark Tank’s inherent marketing, and Rounderbum does too – after appearing on Shark Tank, Rounderbum’s Amazon sales surged by 1000 percent.
Where is Rounderbum located?
Rounderbum was in the process of building a new flagship shop in West Hollywood, as Diersing revealed on the episode.
