What Happened to RomperJack After Shark Tank?
What is RomperJack?
RomperJack specializes on high-quality male rompers and jumpsuits. Our rompers are perfectly cut and designed to be trendy for any occasion.
RomperJack focuses on floral designers, eccentric fashion, and form-fitting apparel, which the community claims is difficult to get in typical internet merchants. The brand’s inventors, Justin Clark and Wyatt Thompson, are said to be doing well.
Justin Clark has a wealth of experience starting and running his own enterprises. Justin worked in the medical field as a Lab Assistant before and after getting his Bachelor of Science degree in Public Health Education and Promotion from California State University, Northridge.
However, Justin realized his entrepreneurial predisposition and elected to stay in the region after co-founding the mobile and web application Whiz Tutor in 2015.
Wyatt Thompson, on the other hand, graduated from College of the Canyons with an Associate’s Degree before enrolling at the University of California, Los Angeles to study Entrepreneurship and Sociology.
Wyatt has gone on to have a spectacular professional career, working as a Product Manager for high-profile companies such as Dollar Shave Club and Tesla.
After supporting Justin in co-founding RomperJack in 2017, Wyatt went on to become a Senior Product Manager at Stealth Startup in 2022.
Who is the founder of RomperJack?
RomperJack was founded by Justin Clark and Wyatt Thompson. Clark was inspired by a men’s romper Kickstarter campaign he came across in 2017.
When he noticed that no one else was making men’s rompers and jumpsuits, he decided to become their rival. Clark is also the owner of Whiz Tutor, a service similar to Uber that links parents with local instructors for their children.
When school is out for the summer, there appears to be little activity at Whiz Tutor, so Clark tries out new ideas.
That’s when he came up with the idea for Romper Jack. He enlisted Thompson and Wes Daggett’s help and got to work. According to reports, homosexual men prefer wearing jumpsuits and rompers, therefore they chose to target the LGBTQ market.
Rompers are short trousers with an attached top, whereas jumpsuits are long pants with an attached blouse. Clark had prior experience sourcing on Alibaba, so he obtained his first sample in a matter of weeks.
Despite the fact that the sample was insufficient, they had plenty to work with. They found improved materials and design within a few weeks and placed an order for 1200 rompers in four separate patterns. The team completed all of this in less than two months, which is astounding. By 2019, they had made $900,000 in profit!
Rompers and jumpsuits come in a variety of styles and patterns. They are currently available for $69 apiece on the company website. The jumpsuits cost $99 each. They also sell overalls for $59 each. They also sell swimwear and hats.
What Happened to RomperJack at Shark Tank pitch?
Justin Clark and Wyatt Thompson present the Sharks to Romper Jack, their men’s rompers, in Shark Tank episode 1309. They were looking for a Shark to help them solve that puzzle piece.
Justin and Wyatt appeared on Shark Tank in seeking of $200,000 in return for a 5% stake of their business, worth $4 million.
They were dressed in black suits that they removed to reveal their rompers. They explain why they are advantageous.
Daymond immediately casts doubt on the valuation, and they claim to have produced $3,7 million in sales during the preceding four years. Over the course of the year, $1.1 million of that amount was earned. They sell entirely straight to the consumer through their website.
Daymond notices that if he wears the romper, he seems to be in his third trimester.
They explain why homosexual men buy the product the most. Other companies are also in the industry, but they are the market leader. They talk about how they went to market before Kickstarter.
Peter inquires as to whether Lori thinks the outfit appealing. Lori was undecided about whether she likes it. Mr. Wonderful was well-versed in the LBGQT market as a consequence of his investment in Rounder bum, an underwear company in season 9.
The underwear looks to be popular within the LGBQT population, resulting in decreased client acquisition costs.
In 2017, they made $200,000, $580,000 in 2018, $980,000 in 2019, $1.1 million in 2020, and are on track to make $1.5 million in 2021.
In 2020, they generated a profit of $150,000 while paying themselves a salary. In 2021, they predict a profit of $300,000 to $350,000.
Justin and Wyatt run the organization, and the front desk was staffed by stay-at-home parents. Mark “clears the decks” by announcing that he was no longer interested in clothing.
Daymond says that they help impoverished people, yet he is not a member of that community. He also believes he’d look like a Yodel in it, so he’s out.
Peter feels they will struggle and will want additional financing to expand; he exits.
Lori begins to talk, and they propose extending Romper Jill to include women, but she claims that the firm isn’t for her, and she also exits.
Mr. Wonderful was unsure. The males claim to have never had inventory on hand. Mr. Wonderful exits, declaring that he likes it but does not adore it. Finally, they departed the pitch without reaching a deal.
What Happened to RomperJack After Shark Tank?
Despite the inability to secure the business during the presentation, the firm is still running with over $1 million in annual revenues as of February 2022.
Competitors of RomperJack
RomperJack’s main competitors in the market include, among others, Boohoo, Bewakoof.com, Cotopaxi, and Bonobos.
Net Worth of RomperJack
During and after the pitch, the firm was valued at $4 million.
What is RomperJack?
RomperJack is an online store that sells a variety of smart, comfy, and stylish rompers for men that may be worn to any function or occasion.
The firm was created by two friends who just wanted to introduce something entertaining and unique to the market, assisting individuals to look and feel wonderful no matter where they are.
Who is the founder?
Justin Clark and Wyatt Thompson created the firm.
How much money did they ask for?
They wanted to raise $200,000 in return for a 5% stake in the company, which was worth $4 million at the time.
Did they have the deal?
No, they didn’t have the deal because they couldn’t get finance.
Is RomperJack still in operation?
Yes, as of February 2022, the firm is still in existence.
Is RomperJack a lucrative business?
Yes, the business is lucrative.
How can I get in touch with RomperJack?
Customers may contact customer service by email at [email protected] or by visiting their website at www.romperjack.com.
RomperJack accepts which payment methods?
RomperJack allows credit card, PayPal, and bank transfer payments.
After I place an order, how long does it take for the product to be delivered?
The delivery time ranges from 2 to 4 weeks. If they need anything by a certain day, they should order at least two weeks ahead of time.
Is RomperJack available for international shipping?
Yes, they ship globally, and most purchases are delivered within 2-4 weeks after being placed.
What are RomperJack’s return policies?
If there is a problem with the goods, the consumer has 30 days to return it for a refund or exchange. If customers want to seek an exchange, they must return the original item and make an order for the replacement.
Is RomperJack a dividend-paying company?
No, dividends are not paid.
Who are RomperJack’s clients?
RomperJack is a brand that serves to guys who struggle to wear standard suits owing to comfort levels while maintaining an effective work wear appearance.
How much does RomperJack cost?
The RomperJack is priced at $99 for the standard model and $199 for the premium variant.
RomperJack offers a variety of rompers, each with its own set of features and styles to appeal to a wide range of tastes and preferences. For example, the Ropes 1 Rompers include an adjustable hem cord in case the buyer runs out of cloth. However, because it is light on materials, it is ideal for summer.
RomperJack is constructed of what?
The majority of the rompers are made entirely of cotton. Depending on the model, they use different fabrics and materials.
What exactly is RomperJack wash care?
It is recommended that the rompers be washed separately, inside out, in cold water. It should also not be machine dried as this might cause irreversible fabric damage. This applies to both high-energy and low-energy appliances (such as washing machines) (such as tumble dryers).
RomperJack’s headquarters are located where?
Their corporate headquarters are located in San Francisco, California.