The Broccoli Wad Money Band Shark Tank Net Worth
The net worth of the Broccoli Wad Money Band is unknown as of 2022. The product is a rubber band that holds cash and credit cards together.
Johnny Gennaro and Vinny Pastore appeared on Shark Tank in season 2 episode 4 to ask for $50,000 in exchange for a 20% stake in their business. The valuation of the company was $250,000 at the time.
What is The Broccoli Wad Money Band and Who Is The Broccoli Wad Money Band’s Founder?
The Broccoli Wad Money Band is a rubber band-like product designed for men to store their money in one place, named after the bands used on broccoli.
John Gennaro, the founder, and owner of The Broccoli Wad, is an accomplished entrepreneur who has introduced several successful ideas to the world.
As the CEO and Visionary Entrepreneur at Twin Stars Productions LLC, Gennaro uses his marketing and team leadership abilities to bring his ideas to fruition.
In addition to his own inventions, Gennaro has also helped other firms achieve their full potential through his marketing expertise.
Prior to introducing The Broccoli Wad and other inventions to the public, Gennaro served as Vice President of Sales at Helen of Troy, where his leadership abilities helped establish sales for large businesses.
He also gained valuable experience as Regional Sales Manager for Conair, where he studied and investigated market trends.
Gennaro worked on both sales and marketing as the coordinator for the design and development of The Broccoli Wad, which was one of several successful ideas he had before appearing on Shark Tank with Vincent Pastore of The Sopranos.
Following his appearance on the show, Gennaro collaborated with Barbara Corcoran to expand the reach of The Broccoli Wad Money Band.
The Broccoli Wad Money Band Shark Tank Pitch
After the pitch, Gennaro and Pastore received mixed reactions from the Sharks. While Barbara Corcoran was perplexed and believed the idea was insane, Jeff Foxworthy liked it.
The product is priced between $10 and $14 and includes four bands and four metal slides, and it is advertised through infomercials, in stores, and online. When Daymond John asked about the amount of money already invested in the venture, the Sharks were surprised to learn that Johnny had already put in $200,000.
However, Vinny claimed that $190,000 was a payment to him. When asked about his plans for the $50,000 investment, Johnny expressed his desire for sales and marketing experience, not just financial gain.
Barbara Corcoran offered $50,000 for a 40% stake in the company, with Vinny receiving half if he agreed to be the face of the company and rename it the “Vinny Wad.”
This offer was accepted, but the deal was never completed, and the company’s social media and online presence have gone dark. However, the product is still available on Amazon, and the company is still registered with the State of New Jersey.
Table summary: The Broccoli Wad Money Band Shark Tank
| TOPIC | INFORMATION |
| Name | The Broccoli Wad Money Band |
| Founder | John Gennaro |
| Net Worth | Unknown as of 2022 |
| Shark Tank Pitch | John Gennaro and Vinny Pastore appeared on Shark Tank in Season 2 Episode 4 to pitch the Broccoli Wad Money Band, asking for $50,000 in exchange for a 20% stake in their company, which was valued at $250,000 at the time. |
| Reaction from Sharks | The Sharks had mixed reactions to the pitch. Barbara Corcoran offered a deal of $50,000 for a 40% stake in the company, with Vinny receiving half if he agreed to be the face of the company and rename it the “Vinny Wad.” The deal was accepted but never completed. |
| Competitors | No known competitors. |
| Updates | The company, Wise Guy Productions LLC, is still registered with the State of New Jersey as of July 2021. The company added Vinny’s face to the packaging without changing its name. It is unclear whether the company is still in operation or has been discontinued. |
| Product Description | The Broccoli Wad Money Band is a rubber band-like product designed for men to store their money in one place, named after the bands used on broccoli. It can hold cash and credit cards together. It is priced between $10 and $14 and is advertised through infomercials, in stores, and online. |
| Valuation | After the Sharks’ deal was accepted, the company’s valuation was $125,000. |
| Founder’s Background | John Gennaro is an accomplished entrepreneur who has introduced several successful ideas to the world. He is the CEO and Visionary Entrepreneur at Twin Stars Productions LLC, where he uses his marketing and team leadership abilities to bring his ideas to fruition. |
| Prior to introducing The Broccoli Wad and other inventions to the public, Gennaro served as Vice President of Sales at Helen of Troy and worked as Regional Sales Manager for Conair. |
The Broccoli Wad Money Band Net Worth
Gennaro and Pastore appear on Shark Tank season 2 episode 4 and ask for $50,000 in exchange for a 20% stake in their business. This indicates a $250,000 valuation.
They accepted an offer from Barbara of $50,000 for a 40% stake thus bringing the valuation to $125,000.
The Broccoli Wad Money Band Competitors
There is no competitor identified for The Broccoli Wad Money Band.
The Broccoli Wad Money Band Shark Tank Updates
Johnny Gennaro and Vinny Pastore appeared on Shark Tank in episode 204 to pitch their product, the Broccoli Wad, a silicone band that is both stronger and more flexible than the rubber bands used by mafia members as a money clip.
Gennaro asked the Sharks for $50,000 in exchange for 20% of his company. Barbara Corcoran offered the deal, but it never went through. However, the episode gave the company some publicity, which resulted in some sales.
As of July 2021, the company that sells Broccoli Wad, Wise Guy Productions LLC, is still registered with the State of New Jersey.
The company added Vinny’s face to the packaging without changing its name. It is unclear whether the company is still in operation or if it has been discontinued.
The Broccoli Wad Money Band FAQS
What Is The Broccoli Wad Money Band Shark Tank?
The Broccoli Wad is a money band that was pitched on Shark Tank by Johnny Gennaro and Vinny Pastore in season 2, episode 4. The idea for the Broccoli Wad came from Gennaro’s observation of mafia members using rubber bands from broccoli bunches as money clips.
Gennaro created a silicone band that is stronger and more flexible than the broccoli bands. The Broccoli Wad is a customizable version of these bands that can hold cash.
In their Shark Tank pitch, Gennaro and Pastore asked for $50,000 in exchange for a 20% stake in the Broccoli Wad business. They hoped that the Sharks would find their deal irresistible. However, they ended up making a deal with Kevin Harrington for $50,000 in exchange for 40% equity.
It is unclear what happened to the Broccoli Wad after Shark Tank. However, the product is still available for purchase on the Broccoli Wad website.
How Does The Broccoli Wad Money Band Shark Tank Work?
The Broccoli Wad is a rubber band that closely resembles a supermarket’s fresh foods section, designed to help men keep track of their cash.
The idea for the Broccoli Wad came from Johnny Gennaro, who was inspired by a documentary about the original “Made Men” or Mafiosos. He observed that many mafia members would use rubber bands from bunches of broccoli as a money clip instead of carrying a wallet.
Gennaro took the idea one step further and created a silicone band that is stronger and more flexible than the broccoli bands. He partnered with Vinny Pastore, an actor who often portrays Italian mafia members in films, to bring the idea to Shark Tank.
In Shark Tank, Gennaro and Pastore made an offer of $50k in exchange for a 20% stake in the Broccoli Wad business.
They explained that the Broccoli Wad is a wise-guy-inspired money clip that is stronger and more flexible than regular rubber bands. The Sharks did not invest in the Broccoli Wad, but the product is still available for purchase.
What Happened To The Broccoli Wad Money Band After Shark Tank?
Johnny Gennaro and Vinny Pastore brought their product, the Broccoli Wad, to Shark Tank in episode 204.
The Broccoli Wad is a silicone band that is stronger and more flexible than the rubber bands that mafia members used to use as money clips. Gennaro and Pastore asked for $50,000 in exchange for a 20% stake in their company.
The Sharks did not invest in the Broccoli Wad, and the company’s presence seems to have vanished from the web.
There is no information available on what happened to the Broccoli Wad Money Band after Shark Tank. The product is still available through Amazon and other online resellers. However, it is unclear whether the company is still in operation or if it has been dissolved.
Is The Broccoli Wad Money Band Shark Tank Still In Business?
Yes, the Broccoli Wad Money Band is still in business. The company that sells Broccoli Wad, Wise Guy Productions LLC, is still registered with the State of New Jersey as of July 2021. The product is still available for purchase on Amazon.
However, it is marketed and distributed by Wise Guy Productions, which is not associated with either Johnny Gennaro or Vinny Pastore.
Johnny Gennaro and Vinny Pastore brought the Broccoli Wad to Shark Tank in season 2, episode 4. Gennaro came up with the idea after watching a documentary about the original “wise guys” who used rubber bands from broccoli bunches as money clips instead of carrying wallets.
He created a silicone band that is stronger and more flexible than the broccoli bands and partnered with Vinny Pastore to bring the idea to the Sharks. The valuation of Broccoli Wad was $250,000 when it appeared on Shark Tank, but its net worth is unknown as of 2022.
What Is The Current Valuation Of The Broccoli Wad Money Band After Shark Tank?
The Broccoli Wad Money Band is a rubber band-like product designed for men to store their money in one place, named after the bands used on broccoli.
Johnny Gennaro and Vinny Pastore appeared on Shark Tank in season 2 episode 4 to ask for $50,000 in exchange for a 20% stake in their business. The valuation of the company was $250,000 at the time.
Barbara Corcoran made an offer of $50,000 for a 40% stake, which brought the valuation to $125,000.
As of 2023, the net worth of The Broccoli Wad Money Band is unknown. The product is no longer available in the market, and the business went out of operation in 2017. The founders’ net worth is also unknown.
Who is the founder of The Broccoli Wad Money Band?
The Broccoli Wad Money Band was founded by Johnny Gennaro and Vincent Pastore.
How much were they asking in the Shark Tank?
Johnny and Vincent asked for $50,000 in exchange for 20% of their business.
Did they get the deal from the Shark Tank?
Yes. They received an offer from Barbara Corcoran of $50,000 for a 40% stake.
When was The Broccoli Wad Money Band aired on Shark Tank?
The Broccoli Wad Money Band was on Shark Tank on April 8th, 2011.
What episode of Shark Tank was The Broccoli Wad Money Band featured in?
The Broccoli Wad Money Band was featured in episode 4 of season 2.
Did the entrepreneur pitch on Shark Tank?
No. This was an agreement that had no pitch.
What is The Broccoli Wad Money Band made from?
Rubber bands are used to tie Broccoli.
Is The Broccoli Wad Money Band Waterproof?
Yes, it is 100% waterproof.
Is The Broccoli Wad Money Band a patent pending?
It is not indicated that it is patent pending.
How much did owners invest in the business?
They invested $200,000 in the business.
What happened to the Broccoli Wad after the shark tank?
Vincent’s face was added to the product box following Shark Tank, but the name remained the same.
Where is The Broccoli Wad Money Band sold?
The product was sold via Amazon and eBay.
What state does The Broccoli Wad Money Band are located in?
The Broccoli Wad Money Band is located in Miami.
