Wurkin Stiffs Shark Tank Update | What Happened to Wurkin Stiffs after Shark Tank?
What is Wurkin Stiffs?
Wurkin Stiffs is a company that manufactures and distributes innovative magnetic collar stays that prevent collar curling and keep things clean around the neckline.
They look great when combined with magnetic buttons, and the stays, which are made of plastic or metal, enable formal collar shirts, semi-formal polo or golf shirts seem neat and debonair.
Jonathan Boos is the creator of the firm, which he founded in 2006 and continues to operate as CEO today.
Jonathan, a typical working stiff before that, is now a self-made guy who acquired the idea for the company by simply utilizing a paperclip and a fridge magnet before leaving on a date.
Who is the founder of Wurkin Stiffs?
Jonathan Boos is the founder of Wurkin Stiffs, a men’s accessories company. Jonathan Boos created Power Stays, which are little magnetic items meant for well-dressed men to hold their collars in place.
Jonathan Boos, like many other innovators and entrepreneurs, is continuously on the lookout for fresh ideas. His product is called Power Stays, and it has become quite popular.
Power Stays is a magnetic solution that holds collars in place while requiring little of your time. As you can see, Jonathan Boos is full of basic but necessary gimmicks for well-dressed guys.
Jonathan Boos chose to design and manufacture a product like Power Stays because he understands how difficult it can be to get ready in a hurry.
He claims that he was late for a dinner reservation and that his wife was becoming irritated with him. He hurriedly put on his shirt at that point, although he was having difficulties getting his collar straight.
He hastily took a paperclip and a small magnet to build a makeshift collar holder, and he discovered that it worked rather well.
As a result, he developed the concept of Power Stays, which are simple to install to any collar. Any shirt will do.
What Happened to Wurkin Stiffs at Shark Tank pitch?
In episode 1 of Season 2 of Wurkin Stiffs on Shark Tank, Jonathan Boos declares that he does not require financial assistance from any of the Sharks.
Jonathan Boos enters the pitch wanting $85,000 for a 10% stake in his firm, which is valued at $850,000.
According to Jonathan Boos, there is nothing like to Power Stays in the men’s apparel sector. He claims to have opened 77 stores in three months and sold 18,000 units for $600,000. He expected to make $1.8 million in sales.
Mark Cuban states that he admires Jonathan for his expertise, product, and courage, but that he is not the proper partner for him, and he departs. Barbara Corcoran kept a tight eye on Mark.
Kevin O’Leary thinks the Power Stays are fantastic and that he truly enjoys them. He offered $100,000 in exchange for 30% stake and 40% royalties.
When Robert asks Jonathan why he rejects Kevin’s offer, he responds that he requires more than money; he requires a partner who will help him expand his firm.
Jonathan interfered before Daymond finishes talking about over value. However, Jonathan apologized to Daymond for lending him a hand in any manner.
Following the commercial break, Robert Herjavec makes a $100,000 offer for 30% stake in the firm with no royalties. Jonathan makes a counter-offer of $200,000 for 30% equity.
Kevin immediately raised his offer to $100,000 for 20% stake, but the royalty remained at 40%. Robert Herjavec has amended his offer to $100,000 for 25% stake, which he believes is the final offer.
Barbara Corcoran jumped in with a $100,000 offer for 20% shares on the condition that Daymond pardon him. Daymond John claims that the 20% equity is insufficient and that he can accept less than 40% equity.
Kevin O’Leary tells Jonathan to return to daddy and reduce his offer to $100,000 for 15% equity but 40% royalties. Jonathan counter-offers Barbara and Daymond $100,000 for a 30% stake, but Daymond declines.
Kevin tells Jonathan to make a decision straight once, but after a few moments, Jonathan accepts Barbara and Daymond’s offer of $100,000 for 40% equity shares and leaves the field with a deal.
What Happened to Wurkin Stiffs after Shark Tank?
Finally, Barbara Corcoran and Daymond John were able to make a combined offer, which was exactly what Jonathan Boos was searching for to begin with.
Unfortunately, Jonathan Boos had to give up further ownership in Wurkin Stiffs, but it all worked out in the end since Wurkin Stiffs seemed to have taken off. The deal with Barbara and Daymond was close.
The official Wurkin Stiffs website may be found at www.wurkinstiffs.com. After a brief perusal of the website, it appears that Jonathan Boos’ collaboration with Barbara Corcoran and Daymond John paid off handsomely.
Along with the Power Stays that Jonathan Boos demonstrated on Shark Tank, he has created a slew of other accessories. Polo Stays, for example, are collar stays for polo shirts that he currently offers.
He also sells cuffs, jacket accessories, and ties. Jonathan Boos appears to have dabbled in selling bags, which can also be found and ordered on the Wurkin Stiffs website.
Amazon sells Wurkin Stiffs merchandise. The Power Stays have a rating of 4.5 out of 5 stars, indicating that the collar stays are quite popular with shirt wearers. As of December 2021 the company still in business and they also sell on their website and Amazon.
Competitors of Wurkin Stiffs
The Wurkin Stiffs’ Largest Competitors are; GILDAN ACTIVEWEAR EDEN, Eden, ACTIVEWEAR, Bolingbrook and STEVEN MADDEN
Net Worth of Wurkin Stiffs
The company was valued at $850,000 during the pitch, after the investment done by Barbara and Daymond the company valued $250,000. Since then the company is still operating and hence the company net worth might have increased.
Wurkin Stiffs FAQs
What is Wurkin Stiffs?
Wurkin Stiffs is a firm that creates and sells revolutionary magnetic collar stays that prevent collar curling and keep the neckline neat.
They look wonderful when coupled with magnetic buttons, and the plastic or metal stays make formal collar shirts, semi-formal polo shirts, or golf shirts appear clean and debonair.
Who is the founder?
Jonathan Boos is the founder of Wurkin Stiffs. He got the idea during one of his frantic mornings in the bathroom, searching for an easy way to keep his collar looking crisp no matter how early he had to be somewhere.
How much was asking on Shark Tank?
Jonathan Boos was asking $85,000 for a 10% stake in his company.
Did he have the deal?
Yes, he got a deal of $100,000 for 40% stake of the company from Barbara and Daymond.
Is Wurkin Stiffs still in business?
Yes, it is still operating as of December 2021.
Do they ship internationally?
Yes, they ship to Canada and US.
Where can we buy Wurkin Stiffs?
Customers can buy them on their official website www.wurkinstiffs.com or on Amazon.
What Is the Process for Obtaining Free Shipping?
When customers spend $50 or more, customers will be given the option of receiving Free USPS First-Class Shipping. Only accessible in the 48 contiguous states of the United States.
When will my order be delivered?
Orders placed before 10 a.m. Eastern Standard Time (EST) are processed and sent the same day. Orders placed after 10 a.m. EST will be sent the next business day. Individuals will be contacted through email, so keep an eye on their inbox for developments.
What is the purpose of Collar Stays?
Collar stays are placed in the collar stay pocket on the rear of shirt collars. They keep your shirt collar neat and straight.
What kinds of stains will it repel?
Garment Shield repels liquid spills and stains. Garment Shield isn’t meant to completely resist grease or oil-based stains.
Can it be used on what kinds of fabrics?
Garment Shield is suitable for use on cotton, wool, polyester, denim, and spandex. It is not suggested to use on Silk.
What if I’m dissatisfied?
Please contact them if they are dissatisfied with Wurkin Stiffs. They make every effort to make them appear confident from the inside out.
What materials are they constructed of?
Power Stays are composed of German surgical stainless steel that has been hand-polished.
What is the net worth of Jonathan Boos?
The net worth of Jonathan Boos is unknown.