Mr. Poncho
No DealElectronics
Mr. Poncho is a electronics that got its big break on Shark Tank in Season 1, where it won fans even without landing a deal.
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From the show
The Shark Tank pitch
- $50K
- Asked for
- 25%
- Offered equity
- $200K
- Sought valuation
Founder Sandy Hyun and Roman Pietrs stepped onto the carpet in Season 1, Episode 10 in the episode that aired October 20, 2009, bringing their New York, NY business with them. Mr. Poncho, the electronics, pitched in the Electronics category, one of 18 electronics businesses to brave the Tank across all 17 seasons.
The ask was $50,000 for 25% of the company, an implied valuation of $200K.
No deal. Every shark declined, and Mr. Poncho walked. But a Shark Tank appearance reaches millions of viewers whether or not a check gets written, and plenty of no-deal companies have turned that airtime into lasting businesses.
Season 1 saw 64 pitches, and 27 of them closed a deal on air. In the Electronics category overall, roughly 44% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Mr. Poncho?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Mr. Poncho get a deal on Shark Tank?
No. Mr. Poncho pitched the sharks but left Season 1 without a deal.
What season of Shark Tank was Mr. Poncho on?
Mr. Poncho appeared in Season 1, Episode 10, which aired October 20, 2009.
How much was Mr. Poncho asking for on Shark Tank?
The founders asked for $50,000 for 25% of the company, a $200K valuation.
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