Table of Contents
Partie Poche is a product presented in Season 4 of the reality television show Shark Tank. It was conceived by college students Jillian Jaccard and Connor Pastoor, who sought a solution to the problem of carrying essentials during nights out without resorting to a bulky purse.
They designed the Partie Poche to be a lightweight, small holster worn around the thigh with a pocket sizable enough to hold essentials like money, cards, and a phone.
The Partie Poche was designed with a woman’s need for practicality and style. Made of lightweight, durable neoprene, it provides a low-profile solution to the common problem of where to put personal items when a handbag isn’t convenient or wanted.
It’s snugly adjustable to fit around the thigh, ensuring a secure and comfortable fit. It offers enough space for essentials like ID cards, money, a phone, and a tampon or lipstick.
Despite its ingenious design, PartiePoche was met with mixed reactions when it appeared on Shark Tank. The inventors struggled to convince the Sharks of their business valuation and were criticized for their lack of real-world experience and hard sales data.
Even though they left the show without investment, their product does address a genuine issue, and it can be a good choice for anyone looking for a hands-free way to carry their essentials during outings.
Despite its subsequent business struggles, the PartiePoche remains an innovative solution to many women’s problems. It represents an example of creative problem-solving and entrepreneurial spirit.
| Company Name | Partie Poche |
| Founder | Connor Pastoor and Jillian Jaccard |
| Product | Subscription Service for Socks |
| Investment Asking For | $100,000 for 20% equity of Partie Poche |
| Final Deal | No Offers |
| Shark | No Deal |
| Partie Poche Episode | Season 4, Episode 11 |
| Partie Poche Business Status | Out Of Business |
| Partie Poche Website | Visit Website |
| Partie Poche’s Net Worth | $0 |
What Is Partie Poche?
Partie Poche is a compact device that combines functionality and convenience in a sleek and modern design. This innovative product is tailored to meet the needs of today’s generation, who are always on the go and rely heavily on their smartphones.
Party Poche allows users to securely carry their essential belongings on their smartphones, such as credit cards, IDs, and cash. This eliminates the need for bulky wallets or purses, streamlining daily activities and ensuring that important items are always within reach.
The modern technology incorporated into Partie Poche provides a secure attachment and offers RFID protection, safeguarding sensitive information from potential digital theft. This feature ensures that our customers can confidently go about their day without worrying about their data being compromised.
Furthermore, Partie Poche is designed with a slim profile, seamlessly integrating with any smartphone’s aesthetics. Made from high-quality materials, it guarantees durability while maintaining its stylish appeal.
Partie Poche also includes innovative features such as a kickstand that provides a hands-free viewing experience, making it ideal for watching videos or chatting with friends and family.
Whether users are at home, at work, or on the go, Partie Poche adapts to their needs, enhancing their overall smartphone experience. Partie Poche is a one-of-a-kind product that combines modern technology with convenience to simplify the lives of today’s generation.
Its secure attachment, RFID protection, sleek design, and additional features make it an essential accessory for anyone seeking to make their daily activities more efficient and hassle-free.
Who Is The Founder Of Partie Poche?
The Partie Poche was conceived by two enterprising students, Connor Pastoor and Jillian Jaccard, from Loyola Marymount University. This duo combined their educational backgrounds and personal experiences to develop this innovative product.
Jillian Jaccard was pursuing a double major in accounting and finance, equipping her with a strong understanding of business fundamentals and financial management.
She had firsthand experience living with sorority girls and witnessing their common struggle: stuffing essentials like phones, IDs, and cards into their bras to avoid carrying a purse during social events.
Connor Pastoor, on the other hand, was working towards an MBA degree. His advanced business studies likely strengthened his strategic thinking and problem-solving abilities.
Together, the two brought an innovative solution to a widespread problem to life: the Partie Poche. The Partie Poche is a fashionable accessory that replaces the traditional purse or handbag.
Partie Poche is a small holster that can be worn on the thigh, holding all the items a woman might need for a night out. The concept aimed to offer convenience, lightness, and style.
Before their appearance on Shark Tank, the duo was involved in initial sales, selling about 200 units of the Partie Poche nationwide through their website.
They sought investment to scale up their operations and manufacture more units to meet what they believed was high demand. They pitched to the Sharks seeking an investment of $100,000 for 20% equity, valuing the company at $500,000.
However, their journey was not an easy one. They faced criticism and rejection from the Sharks, mainly due to their high valuation and lack of significant sales or a well-established brand.
The Sharks also pointed out that the founders had previously sold a substantial 40% of the company for just $50,000, making their current valuation seem overly inflated. Despite their enthusiasm and conviction, they left the Tank without a deal.
After their Shark Tank experience, Connor and Jillian sold their business to Audacis, a company that specialized in scaling products in development. Unfortunately, Audacis left business within a year, and the Partie Poche never fully came to market.
Despite this setback, both founders have moved on to successful careers in financial services and management. They both view their Partie Poche experience as a valuable lesson in entrepreneurship.
How Was The Shark Tank Pitch Of Partie Poche?
The Shark Tank pitch of Partie Poche, a garter-shaped phone holder for women, was presented by the founders Connor Pastoor and Jillian Jaccard. The innovative product was designed as a solution for women needing a place to store their phones without carrying a purse.
The entrepreneurs were seeking an investment of $100,000 for 20% equity for their business, valuing Partie Pooch at $500,000. The presentation began with the founders introducing the product, its purpose, and its market appeal.
They shared sales figures of 200 units sold online to demonstrate the product’s feasibility. They started selling the product at $17 and eventually increased the price to $39, with the cost of production being around $4.
Barbara Corcoran, one of the Sharks, asked about the sales numbers, and Daymond John questioned the unit’s selling price. Despite the appealing concept, the numbers presented were quite small from their perspective. Kevin O’Leary took issue with the company’s valuation, expressing concern over the projected sales figures.
The founders confidently projected to sell 200,000 units of Partie Poche in the following year, which was seen as ambitious considering they had sold only 200 units so far. This high projection was the basis for their $500,000 valuation of the company, which they believed to be a fair deal for the Sharks.
Further, Jillian shared that she had recently met with the VP of Nordstrom, a significant potential avenue for growth, but did not secure a purchase order due to inventory issues.
It was also revealed that the company had $50,000 in their account, secured from another investor who brought in a designer and supplier.
However, they had to give up 40% equity for this, which made their deal less attractive to the Sharks as it was worse than what they had previously offered another investor.
Ultimately, the Sharks were not convinced. Displeased with the valuation, Kevin O’Leary was the first to bow out. Robert Herjavec dropped out due to concerns over the lack of sales. Barbara Corcoran, Daymond John, and Mark Cuban also exited, citing similar issues. As a result, no deal was struck with any of the Sharks.
After their unsuccessful pitch, Connor and Jillian struggled to get their brand off the ground and eventually sold Partie Poche to Audacis, a company that went out of business within a year.
Despite this, both founders found success in other areas: Connor as a Wealth Advisor at JAG Capital Management and Jillian as the CEO of Pier Asset Management.
What Happened To Partie Poche After Shark Tank?
After their appearance on Shark Tank, the founders of Partie Poche, Connor Pastoor, and Jillian Jaccard, faced several challenges. Despite their ambitious projections and hopes for the product, they struggled to scale their business and attract customers on a large scale.
The founders’ meeting with the VP of Nordstrom did not result in a purchase order, mainly due to inventory issues. Furthermore, their projected sales of 200,000 units within a year, based on their initial sales of 200 units, did not materialize.
Eventually, they sold Partie Poche to Audacious due to difficulties getting the brand off the ground. Unfortunately, this did not lead to the product’s successful revival or continuation.
Within a year of purchasing Partie Poche, Audacis went out of business, marking the end of the product’s journey in the market. Despite the Partie Poche brand’s eventual folding, Connor and Jillian managed to move on and succeed in other endeavors.
As of 2023, Connor works as a Wealth Advisor at JAG Capital Management, and Jillian became the CEO of Pier Asset Management. This shows that despite their initial business idea’s failure, they could apply their entrepreneurial spirit and skills to other areas and succeed.
Partie Poche Shark Tank Update
During their Shark Tank appearance, the entrepreneurs faced skepticism from the Sharks regarding their high valuation, lack of significant revenue, and doubts about brand recognition and market reach.
The Sharks, including Kevin O’Leary, expressed concerns about the inflated valuation and questioned the entrepreneurs’ business strategy and direction. Ultimately, all Sharks declined to invest in Partie Poche.
After appearing on Shark Tank, Partie Poche, a leg-mounted cell phone holder created by Connor Pastoor and Jillian Jaccard, faced challenges and did not succeed significantly.
Partie Poche encountered difficulties due to a lack of prioritization and a non-functional website. These factors hindered their progress and potential growth in the market.
The entrepreneurs sold Partie Poche to Audacis, a company that aimed to bring the product to market. However, Audacis went out of business, and Partie Poche never reached the market.
Connor Pastoor now works as a Wealth Advisor, while Jillian Jaccard serves as the CEO of Pier Asset Management. Both individuals found success in their respective careers after the Partie Poche venture.
In summary, Partie Poche faced challenges, failed to secure a deal on Shark Tank, and sold the business to Audacis, but ultimately did not bring the product to market. Connor Pastoor now works as a Wealth Advisor, and Jillian Jaccard serves as the CEO of Pier Asset Management.
Is Partie Poche Still In Business?
According to our research, Partie Poche is no longer in business. After their appearance on Shark Tank, the entrepreneurs sold Partie Poche to Audacis. However, Audacis later went out of business without bringing the product to market. The current net worth of Partie Poche is unknown.
What Is the Net Worth Of Partie Poche?
According to our research, the net worth of Partie Poche is $0 as of 2023 since the company is out of business. The valuation of Partie Poche was $500,000 when it appeared on Shark Tank.
Also, read other businesses that appeared on Season 4 of Shark Tank:
- Tie Try Shark Tank Update | Tie Try Net Worth
- Hoodie Pillow Shark Tank Update | Hoodie Pillow Net Worth
- Rock Bands Shark Tank Update | Rock Bands Net Worth
- Gumbo Brick Shark Tank Update | Gumbo Brick Net Worth
- Hip Chixs Jeans Shark Tank Update | Hip Chixs Jeans Net Worth
- CoolWraps Shark Tank Update | CoolWraps Net Worth
