Round21 Shark Tank Update

Round21 Shark Tank Pitch

Jasmine Maietta appeared on Shark Tank Season 13, Episode 17, which aired on March 25, 2022, with customizable physical and digital NFT sports collectibles.

Round21 is listed in the Services category. In plain terms, the business is described as customizable physical and digital NFT sports collectibles.

Round21 asked the Sharks for $250,000 for 3%, implying a valuation of about $8.3 million.

On the show, Round21 made a listed deal with Kevin O'Leary for $250,000 for 10% + 1.5% from every NFT sold.

If treated as straight equity, the listed deal works out to about $2.5 million implied valuation, down from the original $8.3 million implied valuation.

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

Round21 After Shark Tank

Round21 accepted an on-air offer tied partly to NFT sales, but later follow-up coverage says the deal did not close. (Round 21 Shark Tank Update

The NFT side of the business was hit by the broader crypto collapse and FTX bankruptcy, which undercut the timing of that part of the pitch. (Round 21 Shark Tank Update

Round21 kept selling physical sports goods, but public revenue figures after the episode are limited. (Round 21 Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches