The Broccoli Wad Money Band Shark Tank Update| What Happened to The Broccoli Wad Money Band after the Shark Tank Pitch
What is The Broccoli Wad Money Band?
The Broccoli Wad is a product created for men to store their money in one place, is a rubber band like those seen in a market’s fresh goods department.
It was given its name due of its resemblance to the bands used on broccoli.
Who Is The Broccoli Wad Money Band’s Founder?
John Gennaro, owner and creator of The Broccoli Wad, is responsible for introducing the world to several successful ideas.
According to John Gennaro – CEO and Visionary Entrepreneur – Twin stars Productions LLC | LinkedIn, Gennaro leverages his marketing and team leadership abilities to bring his ideas through to completion.
His marketing abilities have also aided other firms in achieving their full potential.
Before introducing The Broccoli Wad or any of his other inventions to the public, John Gennaro worked at Helen of Troy as Vice President of Sales.
During this time period, his leadership abilities not only directed his team, but also helped establish sales for large businesses.
Genaro’s position as Regional Sales Manager for Conair enabled him to study and investigate market trends prior to his engagement with Helen of Troy.
He then expanded his entrepreneurial perspective as the owner and inventor of various famous innovations, utilizing these skill sets.
John Gennaro worked on both sales and marketing as the coordinator for the design and development of The Broccoli Wad.
He has previously found success with several of his ideas prior to his appearance on The Shark Tank with Vincent Pastore of The Sopranos.
He later collaborated with Barbara Corcoran to expand the reach of this product.
What happen to The Broccoli Wad Money Band at the Shark Tank Pitch?
Gennaro and Pastore appeared 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.
Pastore shows the Broccoli Wad, offering a taste to each Shark.
Barbara Corcoran believes they are “both completely insane,” and she is perplexed. She has escaped.
On the other side, Jeff Foxworthy is a fan of the concept.
Each set will price for between $10 and $14 and will include four of the bands and four metal slides. Pastore has appeared in two television commercials and has connections in Las Vegas, where the Broccoli Wad will be distributed to casino patrons.
Gennaro views the product as a novelty item, one that is “as seen on television” and is offered in stores, online, and via infomercials.
Daymond enquired as to the amount of money that had already been put in the venture.
The Sharks were taken aback when Johnny announced that he had put $200,000 in it.
Vinny, on the other hand, interfered and said that $190,000 was a payment to him.
Kevin enquired as to whether Johnny need the $50,000 to get radio time, to which Johnny stated that he required sales and marketing experience.
Barbara Corcoran is enquiring as to why this has not been tagged with Pastore’s famous visage.
She claims to be returning “for the Vinny Wad.” She’d want to see the couple advertise the product using Pastore’s name and picture.
Kevin O’Leary believes that acquiring Vinny’s name for the company would be “very costly.” He has departed.
Following closely behind are Jeff Foxworthy and Daymond John.
Barbara Corcoran extends an invitation. She is prepared to pay them $50,000 in exchange for a 40% stake in the firm.
Vinny will receive half of her portion if she agrees to be the face of the firm and renames the Broccoli Wad the “Vinny Wad.”
“I’m going,” Robert then remarked. That is an outstanding offer,” Vinny stated, and Barbara’s proposition was quickly accepted. Johnny was befuddled, and Kevin inquired, “What happened there?” “You just got hit,” Johnny was informed by one of the sharks.
Barbara, on the other hand, persisted and reiterated the terms of her offer. She enquired as to the quantity of pieces Johnny held in his warehouse, to which Johnny said that he possessed 50,000 units.
Barbara then claimed that he just wanted that the present include an image of Vinny. Johnny, on the other hand, wished to know how they would continue.
He did not come to Shark Tank for financial gain alone; he was looking for sales and marketing experience. Would you be willing to offer that, Barbara?
Barbara remarked that she excels in only two areas: sales and marketing. She was intrigued by Johnny’s willingness to accept the arrangement. Johnny indicated that he would following a beat.
When Vinny and Johnny left the stage, Barbara was questioned whether she was joking when she stated that Broccoli Wad was the worst thing she had ever seen on the show, despite the fact that she finally purchased it.
She had not, however, revised her assessment of the items. She maintained her belief that it was ridiculous, “but when it’s sold, it’s great.”
Final Agreement: $50,000 in exchange for 40% ownership in Broccoli Wad.
The Broccoli Wad Money Band after the Shark Tank Pitch
Barbara’s deal was never completed. The Broccoli Wad/Vinny Wad location has been decommissioned.
Social media has also gone dark. While the product is still accessible through Amazon and other online resellers, the company’s online presence appears to have gone.
It may be prudent to avoid speculation about the Broccoli Wad’s fate. Dealing with intelligent men may be much riskier than swimming with sharks.
According to a July 2021 update, Wise Guy Productions LLC, the firm that sells the Broccoli Wad, is still registered with the State of New Jersey. Additionally, the product is still available on Amazon.
They’re probably satisfied for folks to find them on Amazon when this show returns — no tough effort required. They are intelligent gentlemen.
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 40% stake thus bringing valuation to be $125,000.
The Broccoli Wad Money Band Competitors
There is no competitor identified for The Broccoli Wad Money Band?
The Broccoli Wad Money Band FAQS
What is The Broccoli Wad Money Band?
The Broccoli Wad Money Band is a money holder that allows users to carry their money in the form of fresh broccoli. The product is made up of leather and it has a 2 mm gap between each leaf.
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 was 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 40% stake.
Is The Broccoli Wad Money Band still in business?
Yes, it is still available on Amazon.
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?
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 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 invested in the business?
They invested $200,000 on the business.
What happened to the Broccoli Wad after 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.