Mr. Poncho is a headphone untangler. This was founded by Sandy Hyun and Roman Pietrs. Mr. Poncho’s net worth was $200,000 at the time of their pitch in 2009 based on the $50,000 offer for 25% of equity of the company.
They appeared on Season 1 of Shark Tank USA in 2009. But, the Sharks were not interested in investing in Mr. Poncho.
Mr. Poncho is a convenient piece of equipment that allows you to keep headphones without getting tangled. Although the company witnessed some growth in the initial stages, it eventually declined. There is minimal information available online regarding the company. As of October 2023, Mr. Poncho is no longer available in the market.
Mr. Poncho Net Worth
| Net worth | $200,000 business valuation (2009) |
| Annual Sales Revenue | – |
| Profits | – |
| Lifetime sales | – |
| Investor | – |
| Founders | Sandy Hyun and Roman Pietrs |
| Employees | – |
Mr. Poncho Net Worth Timeline
| Net Worth 2023 | Out of business |
| Net Worth 2022 | Out of business |
| Net Worth 2021 | Out of business |
| Net Worth 2020 | Out of business |
| Net worth valuation in 2009 before appearing on Shark Tank | $200,000 (business valuation) |
Mr. Poncho Pitch on Shark Tank
| Company name | Mr. Poncho |
| Product | Headphone untangler |
| Episode | Season 01 Episode 10 |
| Founders | Sandy Hyun and Roman Pietrs |
| Asked for | $50,000 for 25% equity |
| Final deal | No deal |
| Shark | None |
| Location | New York |
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Mr. Poncho Founders
Sandy Hyun and Roman Pietrs founded Mr. Poncho. Sandy used to work as a jewelry maker from a young age. Roman is professionally a graphic designer as well as a musician. Together, this duo started their small business, Mr. Poncho. Although Mr. Poncho is no longer an active business, Sandy Hyun and Roman Pietrs are thriving in their careers. Mr. Poncho’s founders Sandy Hyun and Roman Pietrs’ net worth is currently unavailable.
Key accomplishments
| Year | Accomplishment |
| 2009 | The company got featured on Shark Tank season 1 |
Conclusion
Some companies that appear on the show have not achieved great success, and the Mr. Poncho was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Mr. Poncho went out of business. And the product is no longer available in the market.