Millions of people currently use wired headphones and often wrap the headphone cord around their MP3 players or smartphones for storage. This can lead to the cord breaking and creating a tangled mess.
To solve this problem, Sandy Hyun and Roman Pietrs invented a smart case that organizes and stores phone and headphone cords neatly. They came into Shark Tank seeking investment to expand their product nationwide. So let’s find out if they were successful in getting investment from the Sharks or not.
| Company Name | Mr. Poncho | |
| Founder/Co-Founder | Sandy Hyun and Roman Pietrs | |
| Founded | 2007 | |
| Product | wired headphones Storage | |
| Asked For | $50k for 25% equity | |
| Final Deal | No Deals | |
| Shark | No Sharks | |
| Episode | S1 E10 | |
| Air Date | Oct 20th, 2009 | |
| Business Status | Out of Business | |
| Website | Visit Website | |
| Headquarters | New York City, New York, United States | |
| Lifetime Sales | $0.3M *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Business Pitch Episode Recap
Sandy Hyun comes from a product design background, and her husband Roman Pietrs is from a graphic design background. They invented a unique design case to solve the tangled mess headphone problem. In Shark Tank, they valued their company at $200,000.
Roman explained that their first-year gross sales were $11,000 and the second year they made $35,000. Additionally, the design patent for the product is still pending. They make each product themselves, with a production cost of $3 per unit, which they sell for $18.
Robert Herjavec did not find the product worthy of investment, so he is out. Barbara Corcoran said the product’s patent is not complete, so she is out.
Kevin O’Leary, Daymond John, and Kevin Harrington also decided not to invest because the business is still in its early stages and the patent is still pending.
No deal was finalized in the end.
Sharks Offers list!
| Sharks | Offers |
|---|---|
| Kevin Harrington | No Offer |
| Kevin O’Leary | No Offer |
| Robert Herjavec | No Offer |
| Barbara Corcoran | No Offer |
| Daymond John | No Offer |
| Founder’s (Countered) | No Counter |
| Final Deals | No Deals |
Mr. Poncho Shark Tank Update
After a few years of airing on Shark Tank, Mr. Poncho’s business was shut down, and Sandy and Roman both returned to their daily jobs. During our research on Mr. Poncho, we found out that Sandy is selling jewelry on her sandyhyun website, while Roman is working as the Creative Director for Global Popstar Design.
Here’s the link to explore updates on businesses from Season 1
