What Is Mr. Poncho?
Mr. Poncho is a case for MP3 players that keeps your headphones from getting tangled up.
While AirPods and wireless headsets weren’t available, people listened to music on their phones and the now-defunct iPods using headphones. Even though it seems like a long time ago, it was only a decade ago.
Earphones were prone to get tangled in your pockets and handbags when you were young. Most people over the age of 16 remember this.
Unfortunately, this meant that the cable had to be untangled for at least two minutes before being used.
Mr. Poncho devises the idea of a protective sleeve and a holder for the earbuds and listening device cords.
|Company Name||Mr. Poncho|
|Entrepreneur||Roman Pietrs and Sandy Hyun|
|Product||Protective cover that prevents tangles with headphones when worn with MP3 players|
|Investment Asking For||$50,000 For 25% equity in Mr. Poncho|
|Final Deal||No Deal|
|Episode||Season 1 Episode 10|
|Business Status||Out Of Business|
Who Is The Founder Of Mr. Poncho?
Sandy Hyun and Roman Pietrs, from New York, are the founders of Mr. Poncho. Sandy used to design jewelry when she was younger and still does.
Roman works part-time as a musician and graphic designer and holds a full-time job. Sandy doesn’t appear to be stopping making and selling jewelry through her website anytime soon.
Roman used to be a Creative Director for Global Popstar Design, but his Facebook page says this is a job he did in the past.
The details of what he’s been up to are unclear at the moment. It’s also unclear whether the two are still together.
Mr. Poncho Before Shark Tank
Sandy Hyun and Roman Pietrs have an enterprise named Mr. Poncho based in New York.
Sandy Hyun says she was a jewelry designer for over five years and created Mr. Poncho to answer a demand for an everyday solution.
Roman Pietrs is a graphic designer and a music performer, and when Sandy Hyun suggested Mr. Poncho, he “flipped out” because it was an idea he had never heard before. Roman Pietrs describes Sandy Hyun’s first and finest decision as dating him.
Sandy Hyun and Roman Pietrs acknowledge that working on Mr. Poncho in their apartment has been a wonderful experience; nonetheless, they would prefer to keep their workspace separate from their home.
Sandy Hyun says they are making a lot of money from Mr. Poncho, and she hopes that the Sharks will recognize its potential as well.
Sandy Hyun and Roman Pietrs genuinely need Sharks’ funding to build their businesses and have a physical location apart from their flats.
Additionally, this would enable us to produce more Mr. Ponchos in a shorter time.
How Was The Shark Tank Pitch Of Mr. Poncho?
Sandy Hyun and Roman Pietrs appeared on the Shark Tank requesting an investment of $50,000 in exchange for a 25% equity in Mr. Poncho.
Kevin Harrington feels the pair has a “wonderful home company,” but he does not believe he can invest in it.
The final Shark exits the Shark Tank, and the couple exits without a deal.
Final Deal: No deal between Mr. Poncho and Sharks.
What Happened To Mr. Poncho After Shark Tank?
Sandy Hyun and Roman Pietrs started their own little business after finding an incredibly simple solution to a common problem.
People who own an MP3 player or a smartphone are familiar with the sensation of tangled headphone cables.
When you use Mr. Poncho, which serves as a protective case and a cardholder, you can ensure that your device remains clean and your cords remain untangled.
Mr. Poncho does not seem to be financially strapped. Still, Sandy Hyun and Roman Pietrs need investments to expand their businesses and establish physical locations outside their apartments.
Poncho was unfortunately not interested in investing, as the Sharks considered it an immature home business with the implication that it would be a very risky venture. Mr. Poncho is not mentioned as the best or worst Shark Tank contestant.
Mr. Poncho’s information is scarce on the internet, which indicates that the firm did not endure.
I discovered numerous websites claiming to sell Mr. Poncho sleeves, but upon clicking on the links, I was taken to this website: http://www.mrponcho.com/store.html, which no longer exists.
However, if you omit the “store.html” portion of the link, you are redirected to Sandy Hyun’s website.
The Sandy Hyun website (http://sandyhyun.com) sells a variety of jewelry, including Necklaces and Bracelets.
Sandy Hyun, it appears, continued to make jewelry following her appearance on Shark Tank. Visit her website to learn more about her jewelry and its costs.
Mr. Poncho Shark Tank Update
Sandy and Roman were not successful in getting an investment from Shark Tank, but they valued the comments that they were given.
They intended to enhance Mr. Poncho’s capabilities. There is no indication that Mr. Poncho is still active at this time. There is no online presence of Mr. Poncho at all as of 2022.
Mr. Poncho was sold on Amazon and/or Etsy, but you won’t find it there anymore.
Sandy Poncho sells her jewelry collection at hundreds of retail locations nationwide as of 2022.
Roman holds a Creative Director position at Global Popstar Design, and Sandy earns about $1 million per year from her jewelry.
Is Mr. Poncho Still In Business?
After Mr. Poncho debuted on Shark Tank, its sales on Etsy grew significantly. However, it did not survive owing to a lack of startup funding. The product was more of a novelty than a viable enterprise.
They would have needed to reorient the company, in any case, to stay afloat since cord headphones were bound to succumb to VHS in the coming years.
What Is the Net Worth of Mr. Poncho?
The valuation of Mr. Poncho was $200,000 when it appeared on Shark Tank. The net worth of Mr. Poncho is unknown as of 2022 since the company went out of business.