'Shark Tank': Romperjack owners say sharks made a 'bad decision' after scoring no deal
Romperjack failed to impress the sharks, with Daymond John claiming he'd look like he was in his 'third trimester' if he wore them
Not all products on 'Shark Tank' are born out of innovation. Sometimes, it's just about finding a high-demand product and fulfilling it. When Justin Clark noticed that a brand named Romphim managed to raise $330,000 instead of their goal of $10,000 in just three days on Kickstarter, he decided that maybe it was time to give the brand some competition and dominate an untapped market. And just like that, Romperjack was born!
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Justin Clark and Wyatt Thompson came on the show, hoping to get $200,000 for 5% equity in their company. At a $4 million valuation with $3-7 million in sales still date and $1.1 million last year, Clark and Thompson mentioned that they were on track to make $1.5 million this year. The company was already cash flow positive, making about $150,000. While they explained that their target audience was the LGBT community and college students, they failed to impress the sharks with the product alone. All eyes were on Daymond John, seeing that he was the apparel giant in the room. However, John explained that for him to invest in a company, he needs to believe in it and be able to love it and see himself in its products. He joked that if he wore one of these rompers, he'd look like he was in his third trimester.
Romperjack walked away without a deal but were convinced that the sharks made a mistake, as the brand would be huge. Fans seemed to agree with them as well.
"I honestly think @ABCSharkTank made a mistake not investing in @RomperJack" tweeted a fan. "I could see @RomperJack, and even #RomperJill when it comes back out, clothing the Men and Women on #BachelorInParadise @ABCSharkTank #SharkTank" added another. "These guys were great. But when I invest in a company, I need to love everything about it. #SharkTank" tweeted Daymond John, explaining why he decided to not make an offer at all.
These guys were great. But when I invest in a company, I need to love everything about it. #SharkTank— Daymond John (@TheSharkDaymond) January 15, 2022
'Shark Tank' Season 13 Episode 11 airs on ABC on January 14, 2022, at 8 pm ET. Catch the latest episode featuring products like Romperjack, Roq Innovation, VaBroom and Must Love.
Missed an episode? Been wanting to catch up? Episodes can also be viewed the next day on demand and on Hulu. Not just that, you can also watch old seasons and episodes on Amazon Prime Video and iTunes.
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