RounderBum Shark Tank Update

RounderBum Shark Tank Pitch

Jonathan Diersing appeared on Shark Tank Season 9, Episode 18, which aired on January 20, 2018, with line of padded underwear and shirts for men.

RounderBum is listed in the Clothing Fashion category. In plain terms, the business is described as line of padded underwear and shirts for men.

RounderBum asked the Sharks for $150,000 for 10%, implying a valuation of about $1.5 million.

On the show, RounderBum made a listed deal with Kevin O'Leary for $150,000 for 5% + $2 royalty until $300,000 is repaid.

If treated as straight equity, the listed deal works out to about $3 million implied valuation, up from the original $1.5 million implied valuation.

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

RounderBum After Shark Tank

RounderBum accepted an on-air deal with Kevin O’Leary for $150,000 for 5% equity plus a royalty. (RounderBum Shark Tank Blog update

The shapewear and padded-underwear brand saw strong sales after the episode. (RounderBum Shark Tank Blog update

Follow-up reporting described RounderBum as a top-selling underwear product on Amazon after the Shark Tank appearance. (RounderBum Shark Tank Blog update

The brand remains active through its official store, selling men’s underwear, compression wear and body-enhancing apparel. (RounderBum Shark Tank Blog update

Sources

Sources used for this page: Shark Tank API pitches