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 Shark Tank Updates
Rumpl is a line of modern, lightweight, comfortable blankets for use in the home. The founder, Wylie Robinson, pitched Rumpl on the Season 14 premiere of “Shark Tank”. Although all of the sharks were excited about the pitch, Robinson did not receive an investment.
Despite this, Rumpl has continued to grow and is available on the Rumpl website and Amazon.
Rumpl blankets are made from 100% post-consumer recycled polyester shell and insulation, and 100% recycled 30D ripstop polyester fabric that resists snags and tears. The blankets have a DWR finish that provides protection from the elements, making them weather and stain resistant.
They come with an included stuff sack and small packed size, making them easy to bring everywhere.
There is no specific update on Rumpl’s progress after its appearance on “Shark Tank”. However, the fact that the company is still in business and selling its products on multiple platforms suggests that it has been successful despite not receiving an investment from the sharks.
Rumpl Blankets Shark Tank Summary:
|Product||Portable, packable, and warm blanket made from recycled materials|
|Primary Product||The Puffy Blanket in two types: Original and Down|
|Revenue||Rumpl Blanket earned $1 million in sales shortly after the Shark Tank show was released in 2020|
|Valuation||Wylie Robinson went to the tank seeking $600,000 for a 4% stake in his company|
|Rumpl Blanket was worth $15 million when it appeared on Shark Tank in 2020|
|Rumple’s value is around $15,000,000, and now it can be up to $28 million|
|Shark Tank Outcome||Wylie Robinson left the tank without a deal|
|Certification||Rumpl received accreditation as a B Corporation in March 2021|
Rumpl Blankets FAQs
What Is Rumpl Blankets Shark Tank?
Rumpl Blanket is a retail apparel and fashion company based in Portland, Oregon that manufactures high-quality outdoor gear and activewear products. The company’s founder, Wylie Robinson, appeared on Shark Tank Season 12 Episode 1 to pitch his product.
Robinson asked for $600,000 in exchange for 4% equity in his company, which was valued at $15 million at the time of the show.
The Rumpl Blanket is not a simple blanket – each one is made from 60 recycled plastic bottles and sleeping bag materials, making it a sustainable and durable product that can be used for camping, road-tripping, and other outdoor activities.
While Robinson’s pitch excited all of the sharks, it is unclear whether he received an investment from any of them. However, Rumpl Blanket has continued to grow and gain a following of over 136k on Instagram.
The company has also been featured in several media outlets, including Shark Tank, and is on a mission to reinvent the classic outdoor blanket. Despite not receiving an investment from the sharks, Rumpl Blanket has continued to innovate and create sustainable and durable products for outdoor enthusiasts.
How Does Rumpl Blankets After Shark Tank Works?
Rumpl Blankets appeared on Shark Tank Season 12 Episode 1, where founder Wylie Robinson pitched his company to the sharks. Robinson asked for $600,000 in exchange for 4% equity in his company.
However, no deal was made with the sharks. Despite not securing a deal, Rumpl Blankets continued to grow and expand its product line.
Rumpl Blankets are made from 100% post-consumer recycled polyester shell and insulation, and 100% recycled 30D ripstop polyester fabric that resists snags and tears. The blankets are designed for outdoor use, as they are lightweight but incredibly warm, and are environmentally friendly.
The company offsets 100% of its carbon emissions and is a member of 1% for the Planet, which means that 1% of its sales go towards environmental causes.
Rumpl Blankets are weather and stain-resistant, thanks to their DWR finish that provides protection from the elements. They are also light and packable, making them easy to bring everywhere, and come with an included stuff sack.
What Happened To Rumpl Blanket After Appearing On Shark Tank?
After appearing on Shark Tank, Rumpl Blanket did not secure a deal with any of the sharks. Founder Wylie Robinson had asked for $600,000 in exchange for 4% equity in his company, but the sharks questioned his motivation for coming to the show and ultimately did not invest.
Despite this setback, Rumpl Blanket has continued to grow and expand its product line. The company’s blankets are made from 60 recycled plastic bottles and sleeping bag materials, making them environmentally friendly and designed for outdoor use.
Rumpl Blanket’s products are weather and stain-resistant, light, and portable, making them easy to bring on any adventure. The company’s blankets have received positive reviews for their quality and durability.
Overall, while Rumpl Blanket did not secure a deal on Shark Tank, the company has continued to thrive and innovate in the outdoor gear and activewear market.
What Is The Current Valuation Of Rumpl Blankets After Shark Tank
Rumpl Blankets appeared on Shark Tank Season 12 Episode 1, where founder Wylie Robinson asked for $600,000 in exchange for 4% equity in his company.
The initial valuation of Rumpl Blankets during the show was $15 million. However, the sharks did not invest in the company, and Robinson left without a deal.
Despite not securing a deal with the sharks, Rumpl Blankets has continued to grow and expand its product list. Rumpl’s value is around $15,000,000. In 2020, Rumpl Blankets was on pace to have $8 million in sales. As of 2022, Rumpl Blanket’s net worth is estimated to be up to $28 million.
Rumpl Blankets are made from 60 recycled plastic bottles and sleeping bag materials, making them environmentally friendly and designed for outdoor use. The company has expanded its product line beyond blankets and now offers activewear as well.
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).