Rumpl Blankets Shark Tank Net Worth 2023
Rumpl Blanket was worth $15 million when it appeared on Shark Tank in 2020. After the show, Rumpl Blanket generated sales, earning $1 million in sales shortly after the Shark Tank show was released.
According to Statsforsharks, Rumple’s value is around $15,000,000. Wylie Robinson went to the tank seeking $600,000 for a 4% stake in his company.
That means he valued his company at a whopping $15 million valuation. During Shark Tank in 2020, Rumpl Blanket was worth $15 million and now it can be up to $28 million.
What is Rumpl? Who is the Founder of Rumpl?
The Rumpl Blanket is a portable, packable, and warm blanket that has a ripstop shell and is made entirely from recycled materials. It not only offers comfort but is also environmentally friendly.
The blanket is a cozy synthetic blanket made of insulating fibers and fabrics found in sleeping bags and puffy jackets. Because it is made of synthetic insulation, it can be easily washed and dried in a standard front-loading washing machine.
Rumpl has gained popularity since 2014 with its high-quality, well-designed blankets that appeal to hipsters and gearheads alike, thanks to their lifestyle marketing.
The Puffy Blanket is Rumpl’s primary product, available in two types: Original and Down. The Original is synthetic, while the Down Puffy Blanket is made from 600-fill down and durable nylon, weighing just a pound. The Down Puffy Blanket comes with a stuff sack and can provide comfort down to 40 degrees Fahrenheit.
Wylie Robinson, the founder of Rumpl, introduced his brand to the sharks on Shark Tank Season 12 Episode 1. His Kickstarter campaign raised more than ten times their original target in under 24 hours.
Rumpl has expanded from a single home-made sleeping bag blanket to a comprehensive collection of blankets and technological comfort goods that redefine the category.
Rumpl Blankets are lightweight and warm, making them ideal for outdoor use, and each year, the company offsets 100% of its carbon footprint.
Furthermore, each blanket is constructed from 60 recycled plastic bottles, making them even more environmentally friendly.
Rumpl Blankets Shark Tank Pitch
Rumpl Blankets made its debut on Shark Tank on October 16, 2020, with founder Wylie seeking a $600,000 investment in exchange for a 4% ownership stake in the company.
Initially, the sharks were skeptical about his motives for appearing on the show, but Mark Cuban and Kevin O’Leary made offers nonetheless. Despite this, Wylie Robinson left the tank without a deal.
According to the founder, the cost of manufacturing a single blanket is $25, while the wholesale and retail prices are $50 and $100, respectively.
Despite strong sales, Rumpl Blankets has a profit margin of only 5-6%, which means that the company earns only $400,000 to $500,000 out of $8 million in revenue.
The sharks were surprised when Wylie revealed that he already had over $3 million in the bank, prompting them to question why he had come on the show in the first place.
In 2019, Rumpl Blankets overhauled its primary line of blankets to use 100% post-consumer recycled materials, and the company recycles nearly 5 million discarded plastic bottles every year through its supply chain.
Since 2020, Rumpl has purchased carbon offset certificates to offset 100% of the company’s carbon impact every year, and it received accreditation as a B Corporation in March 2021.
Rumpl Blankets Net Worth
Wylie Robinson went to the tank seeking $600,000 for a 4% stake in his company. That means he valued his company at a whopping $15 million valuation.
Wylie indicated that Rumpl Blankets was on track to generate $8 million in sales in 2020, the sharks had reservations about his high valuation.
Rumpl Blankets FAQs
What exactly is Rumpl?
Rumpl’s blankets are extremely light blackets built to be weather-resistant, lightweight, and portable.
What are the many kinds of blankets?
The Original Puffy, The Down Puffy, The Featherlite Down, and The Sherpa Puffy are just a few of them.
What Is the Best Place to Buy a Puffy Blanket?
Apart from the Rumpl website, these incredible blankets are now now available on Amazon, where some of the top sellers are the Deepwater and Cypress Original Puffy Blankets, Pyro Tri-Fade Down Puffy Blanket, and the Ocean-Inspired Blanket.
What is Rumpl blankets net worth?
Wylie Robinson appeared on Shark Tank Season 12 Episode 1 in search of $600,000 for 4% of his Rumpl blankets.
That means he valued the company at $15 million net worth.
He however facedbacklash from the sharks for his exorbitant valuation but Wylie stated that Rumpl Blankets was on track to generate $8 million in sales by 2020.
What is Rumpl’s current location?
Rumpl, the world’s premier designer of technical blankets, has relocated its headquarters to Portland, Oregon.
Why did Rumpl go on Shark Tank?
When it came time to consider investing in Rumpl, a blanket firm founded by Portland entrepreneur Wylie Robinson.
When it came time to consider investing in Rumpl, a blanket firm founded by Portland entrepreneur Wylie Robinson. Robinson went on “Shark Tank” with the hopes of finding an investor to help him grow into sports licensing.
Robinson went on “Shark Tank” with the hopes of finding an investor to help him expand into sports licensing.
Which Rumpl blanket is the most comfortable?
The Rumpl Featherlite Blanket ($399) is a cost, but it is the lightest, warmest, and most packable blanket the business had yet manufactured.
This new blanket was designed by Rumpl for people searching for a lightweight blanket solution.
Who is the owner of the Rumpl blanket?
Wylie Robinson is the the Founder, owner and CEO of Rumpl.
Are Rumpls waterproof?
Rumpl blankets are perhaps the most water resistant and waterproof blankets available for any adventure.
Rumpl’s water resistant and waterproof blankets have your back, literally, whether you’re going to the beach, river, or just need a little additional warmth during an unexpected rainfall.
Is Rumpl a good brand?
Rumpl Down Puffy blanket in the one-person size is the most suitable for the majority of individuals. It has the best warmth-to-weight-to-price ratio of any blanket I looked at, as well as a robust, packable, and comfortable design.
What is Wylie Robinson’s background?
Wylie is the founder and CEO of Rumpl, a blanket brand that everyone wants when they see it. It all began with a snowstorm.
What is the Rumpl blanket made of?
Rumpl blanket exterior is comprised of strong 30D ripstop polyester fabric that is 100 percent recycled and feels extremely comfortable against the skin.
The Original blanket’s interior is constructed of a 3D hollow fiber silicon synthetic insulation that is also created entirely of post-consumer recycled materials. Even with our air conditioner on full blast, it kept us toasty warm.
How do you clean Rumpl Down?
Although Rumpl blankets are engineered to shed dirt and odor, they still need to be washed on a regular basis for maximum function.
Warm water and a non-detergent soap like Granger’s Wash and Repel or Granger’s Down Wash and Repel will do the trick.
Do not dry clean your Rumpl; only wash it in a front-loading washing machine.
What are the loops for on a Rumpl blanket?
The stuff sack has three loops that may be used to tie the blanket to the exterior of various packs. There are loops on each corner of the blanket itself.
These are helpful for swiftly removing the blanket from the stuff sack and carrying it over your shoulders.
What is the weight of a Rumpl blanket?
The Rumpl Down Puffy is one of the lightest and most compact blankets we tested, making it our top pick for hiking. It may be compacted into a small box, weighing only 19 ounces.
What Do Rumpl’s Products Entail?
Rumpl sells weather-resistant, lightweight “sleeping bag blankets” that are ideal for taking with them wherever they go.
What happened to Rumpl and Wylie Robinson after the shark tank?
Wylie Robinson appeared on Shark Tank Season 12 Episode 1 in search of $600,000 for 4% of his Rumpl blankets, but regrettably departed the show without a deal.
What is Wylie Robinshon background?
Wylie Robinson is an entrepreneur and founder of Rumpl , an nvironmentally friendly blanket for the outdoors is a business.
He earned a Bachelor’s degree in Environmental Design, Architecture, and Business from the University of Colorado in Boulder in 2007.
How did Rumpl started and where is it now?
Wylie and co-founder Nick Polinko slept in a van on their way back from a ski vacation in California in 2013.
That is when the idea of Rumpl blacket arose.
The product is touted as a blanket that can be taken with you wherever you go.
Rumpl currently offers blankets, heated blankets, ponchos, dog beds, and much more after four more successful Kickstarter campaigns.
Wylie Robinson, the founder of the outdoor blanket firm Rumpl, was featured in the Season 12 opening episode.
Wylie’s firm is valued at $15 million, but he’s asking the sharks for $600,000 in exchange for 4% ownership.
What is Rumpl doing to help the environment?
Rumpl will purchase offset credits to offset 100 percent of their carbon impact this year (2020).