The Players Trunk Shark Tank Net Worth-What Happened to The Player’s Trunk After the Shark Tank Pitch?
What is The Player’s Trunk Shark Tank Net Worth?
As of May 2022, The Players Trunk’s net worth was estimated at $13 million, the current net worth is not available. The Players Trunk is an online marketplace that sells athletic gear and was founded by Charles Matthews, Austin Pomerantz, Hunter Pomerantz, and Jason Lansing.
The company appeared on Shark Tank USA in May 2022 with a $13 million valuation but failed to convince the Sharks to invest. Two of the Sharks, Mark Cuban, the owner of the Dallas Mavericks basketball team, and comedian/actor Kevin Hart offered $650,000 for 30% equity. When The Players Trunk team countered with $750,000 for 7.5%, the Sharks were not impressed.
Despite not receiving any investment from the Sharks, The Players Trunk has been endorsed by former professional basketball player Dwayne Tyrone Wade Jr., as well as publications like GQ and Forbes.
What Is The Players Trunk? Who Is The Founder Of The Players Trunk?
The Players Trunk is a platform founded in 2020 by five former college athletes and student managers. It allows athletes to sell their game-used gear, merchandise, autographed collectibles, and experiences to their fans.
The platform also provides an opportunity for current college players to market themselves in NIL (name, image, and likeness) deals. The Players Trunk has been featured on Shark Tank and has been growing in popularity since its launch.
The Players Trunk was founded by Jason Lansing, Austin Pomerantz, and Hunter Pomerantz, along with athlete-founders Charles Matthews and Zavier Simpson. The five founders of The Players Trunk are all associated with sports, especially basketball.
They have recently graduated from college. The company is a platform for former college athletes to capitalize on the gear they earned during the duration of their college careers.
All five co-founders of The Players Trunk appeared on Shark Tank Season 13 finale to pitch their company to the “sharks”.
What Happened To The Player’s Trunk At The Shark Tank Pitch?
Hunter Pomerantz and his Players Trunk partners pitched their concept to the five successful entrepreneurial sharks on the popular show Shark Tank.
However, the sharks were not impressed with their $13 million valuation and did not offer enough money for a 5% stake in the company.
The Players Trunk founders had done $1.3 million in sales in just over a year, resulting in $200,000 in profit, but the sharks were not willing to invest at that price.
Mark Cuban, the owner of the Dallas Mavericks basketball team, and comedian/actor Kevin Hart teamed up to make an offer of $650,000 in exchange for a 30% stake in the company, once three of the other investors on the show declined to invest.
The company then made a counteroffer of $750,000 for a much smaller 7.5% stake, but Cuban and Hart were firm in their original offer. The entrepreneurs ultimately left the show without securing a deal with any of the investors.
What Happened To The Player’s Trunk After The Shark Tank Pitch?
The Players Trunk is an online marketplace that sells athletic gear. The company appeared on Shark Tank Season 13 Episode 24 and pitched its business to the sharks. At the time of filming, they had about $1.3 million in sales over a year and were on the ground floor of the NCAA.
It is unclear what happened to The Players Trunk after their appearance on Shark Tank as there are no updates available beyond their pitch.
The Players Trunk co-founders appeared on “Shark Tank” in May 2022 and left without a deal. They were seeking $650,000 in exchange for 5% of the company. At the time the episode was filmed, The Player’s Trunk had about $1.3 million in sales over a year.
After their appearance on Shark Tank, The Player’s Trunk continued to operate as an online marketplace that sells athletic gear.
Is The Players Trunk Still In Business?
The Players Trunk is still in business. Founded in 2020 by three former college team student managers and two former athletes, The Players Trunk is a platform for athletes to sell their game-used gear, merchandise, autographed collectibles, and experiences to their passionate fans.
In May 2022, the co-founders appeared on ABC’s “Shark Tank” to pitch the “sharks” about investing in their company, seeking $650,000 in exchange for 5% of the company. The Player’s Trunk had about $1.3 million in sales over a year at the time of filming.
The Players Trunk handles photographing the gear, shipping, and all transactional issues. They make money by taking a percentage of the sale. The brand also offers limited edition playing cards and created an auction site to auction signed memorabilia.
In addition, they are looking to become a one-stop-shop for current college players to market themselves in NIL (Name, Image, and Likeness).
Overall, The Players Trunk is still actively operating and providing services for athletes and collectors alike.
The Players Trunk Shark Tank Updates
The Players Trunk is an online marketplace that allows fans to buy college athlete gear. The company was founded in 2020 by Charles Matthews, Austin Pomerantz, Hunter Pomerantz, Jason Lansing, and Zavier Simpson.
The founders worked as college sports team managers and realized that a centralized platform would be a more professional and efficient way for players to sell their gear. The company has over 800 athletes on its platform.
The Players Trunk appeared on Shark Tank Season 13 and pitched their business to the sharks. At the time of filming, they had about $1.3 million in sales over a year and were seeking $650,000 in exchange for 5% of the company.
The sharks were not convinced and did not invest in the company. Despite not getting a deal, The Players Trunk has been endorsed by former professional basketball players.
The company has introduced limited edition playing cards and created a new auction site to auction signed player gear to the highest bidder.
As of May 2022, The Players Trunk’s net worth was estimated at $13 million. However, there are no updates available beyond their Shark Tank pitch. It is unclear what happened to The Players Trunk after their appearance on Shark Tank.
The Players Trunk Shark Tank Table Summary:
| INFORMATION | DETAILS |
| The Player’s Trunk net worth | As of May 2022, the net worth was estimated at $13 million |
| Current net worth | Not available |
| What is The Player’s Trunk | An online marketplace that sells athletic gear |
| Founder of The Player’s Trunk | Charles Matthews, Austin Pomerantz, Hunter Pomerantz, Jason Lansing, and Zavier Simpson |
| Shark Tank pitch result | The Sharks did not invest in the company |
| Offer made on Shark Tank | Mark Cuban and Kevin Hart offered $650,000 for 30% equity |
| Counteroffer on Shark Tank | The Players Trunk countered with $750,000 for 7.5% equity |
| Endorsements | Endorsed by former professional basketball player Dwayne Tyrone Wade Jr., as well as publications like GQ and Forbes |
| Is The Player’s Trunk still in business | Yes, it is still actively operating and providing services for athletes and collectors alike |
| Business model | The company makes money by taking a percentage of the sale and offers limited edition playing cards and an auction site to auction signed memorabilia |
| Future plans | The Players Trunk is looking to become a one-stop-shop for current college players to market themselves in NIL (Name, Image, and Likeness) deals |
What Is The Players Trunk?
The Players Trunk is a platform for former college athletes to sell their game-used gear, merchandise, autographed collectibles, and experiences to their fans.
It was founded in 2020 by three former college team student managers and two former athletes, including Charles Matthews and Zavier Simpson, who were unable to sell their game-worn uniforms.
The founders of The Players Trunk are all associated with sports, especially basketball, and have recently graduated from college.
Interested buyers can browse products by school, team, or athlete on The Players Trunk website. The products are usually available in multiple sizes and are not limited to just basketball.
The catalog features everything from autographed jerseys to custom merchandise and practice gear. The Players Trunk is a multifaceted platform that connects collectors and athletes for a unique buying experience.
In the future, The Players Trunk plans to continue being a leader in providing a platform for college athletes to sell their gear after their eligibility is over.
Additionally, they plan to be a one-stop-shop for current college players to market themselves in NIL, including hot-moment apparel and experiences.
How Does The Players Trunk Shark Tank Work?
The Players Trunk is a platform for former college athletes to sell their sports gear online. The company was founded by five friends who are all associated with sports, especially basketball.
The founders are Jason Lansing, Hunter Pomerantz, Austin Pomerantz, Charles Matthews, and Zavier Simpson.
The way it works is that customers go to the site and pick a “trunk,” which is a group of memorabilia grouped by the school. Customers can browse by the school or by the athlete. The Players Trunk takes a percentage of the sale.
The company has over 800 athletes on its platform. The interest in the products seems to be solid, and the company has expanded its offerings to include player-exclusive shoes, signed trading cards, and more.
The company is taking advantage of new laws that allow college athletes to monetize their brand by selling player-owned, team-issued, and game-worn gear through NIL rules.
The Players Trunk appeared on Shark Tank seeking $650,000 for 5% of the company. The founders presented their pitch during Episode 24 of the show, which aired on May 20, 2022.
The sharks evaluated the business during the pitch, and Mark Cuban explained the new NCAA rule that allows athletes to use their name, image, and likeness.
The company has continued to grow since its appearance on Shark Tank, introducing limited edition playing cards and creating a new auction site to auction signed player gear to the highest bidder.
How Has The Players Trunk Grown Since Appearing On Shark Tank?
The Players Trunk is an online platform where former college athletes can sell their gameday gear to fans.
The company was founded in 2020 by five friends, including ex-Wolverines Charles Matthews and Zavier Simpson, along with then men’s basketball managers Jason Lansing and Austin Pomerantz, and Austin’s older brother Hunter.
The company appeared on Shark Tank seeking $650,000 in exchange for 5% of the company. However, the group rejected a joint investment offer from billionaire entrepreneur Mark Cuban and comedian and actor Kevin Hart.
Despite not receiving a deal on Shark Tank, The Players Trunk has grown since its launch. In 2021, the company had $1.3 million in sales with profits of $200,000. The company has also been endorsed by former professional basketball players.
The support from the Michigan basketball program has been critical to the company’s success. The Players Trunk was set to appear in the finale of Shark Tank Season 13.
What Is The Current Valuation Of The Player’s Trunk After Shark Tank?
As of May 2022, The Players Trunk’s net worth was estimated at $13 million. The company appeared on Shark Tank Season 13 Episode 24 and pitched its business to the sharks.
At the time of filming, they had about $1.3 million in sales over a year and were on the ground floor of the NCAA. The Sharks were not convinced by the $13 million valuation and only two of them offered $650,000 in exchange for 30% equity.
When the TPT team countered that offer with $750,000 for 7.5%, Shark Kevin O’Leary and the Twittersphere’s response was volatile and less than sympathetic.
It is unclear what happened to The Players Trunk after their appearance on Shark Tank as there are no updates available beyond their pitch.
However, despite walking away from Shark Tank without any deal, The Players Trunk has since been endorsed by former professional basketball player Dwayne Tyrone Wade Jr. together with publications like GQ and Forbes.
The Players Trunk’s founders Charles Matthews, Austin Pomerantz, Hunter Pomerantz, and Jason Lansing have a net worth of $1.5 Million as of 2022.
What Is The Future Plan Of The Players Trunk?
The Players Trunk is a platform for former college athletes to sell the gear they earned during their college career. The company was founded in 2020 by Jason Lansing, Austin Pomerantz, and Hunter Pomerantz, along with athlete-founders Charles Matthews and Zavier Simpson.
The idea for The Players Trunk came about when Matthews got injured during his NBA tryouts and Simpson unsuccessfully tried to sell some of his game-worn uniforms. The company quickly gained traction and sold thousands of items on its platform.
In 2021, The Players Trunk benefited from the NCAA’s decision to allow college players to make money from their own name, image, and likeness. The company opened up a new revenue stream for current college athletes to sell their gear on the platform.
In 2022, The Players Trunk co-founders appeared on ABC’s “Shark Tank” to pitch the company to investors. They sought $650,000 in exchange for 5% of the company.
The future plan of The Players Trunk is not explicitly stated in the search results, but it can be inferred that the company will continue to provide a platform for former and current college athletes to sell their gear and capitalize on their college careers.
