Pips & Bounce Shark Tank Update

Pips & Bounce Shark Tank Pitch

Eugene Jung and Michael Jung appeared on Shark Tank Season 11, Episode 13, which aired on February 27, 2020, with ping pong lounge and social club.

Pips & Bounce is listed in the Media Entertainment category. In plain terms, the business is described as ping pong lounge and social club.

Pips & Bounce asked the Sharks for $500,000 for 10%, implying a valuation of about $5 million.

The source data lists no completed on-air deal for Pips & Bounce.

This pitch is included as context for the more important question: what happened after Shark Tank.

Pips & Bounce After Shark Tank

Pips & Bounce did not get a deal on Shark Tank, then continued operating after the episode. (Pips and Bounce Shark Tank Update - From Lounge to Legacy?

According to their Facebook page, they said, “after looking at the still-alarming public health data, we realize that we need to be part of the solution, not the problem.” Eugene ended up taking a job at an Amazon fulfillment center. (Pips and Bounce Shark Tank Update - From Lounge to Legacy?

Pips and Bounce business continued to operate until the COVID-19 lockdown happened. (Pips and Bounce Shark Tank Update - From Lounge to Legacy?

A second Minneapolis location was set to open, but they cancelled plans for that due to the pandemic. (Pips and Bounce Shark Tank Update - From Lounge to Legacy?

They had planned to reopen in July 2020, but eventually the duo changed their minds. (Pips and Bounce Shark Tank Update - From Lounge to Legacy?

Sources

Sources used for this page: Shark Tank API pitches