Pips & Bounce Net Worth 2023 Update (Before & After Shark Tank)

Pips & Bounce is a ping-pong social club started by Eugene Jung and Michael Jung in 2013. Pips & Bounce’s net worth was $5 million at the time of their pitch in 2020 based on the $500,000 offer for 10% of the equity of the company. 

They appeared on Season 11 of Shark Tank USA in 2020. But the Sharks were not interested in investing in Pips & Bounce.

Pips & Bounce Portland’s famous ping-pong social club is still running operations. The COVID-19 lockdowns ceased operations for a long period. However, Pips & Bounce is back in business. Visit their website for more details.

Pips & Bounce Net Worth

Net worthCurrently unavailable 
Annual Sales Revenue$3.5 million (2022)
Profits
Lifetime sales
Investor
FounderEugene Jung and Michael Jung
EmployeesAround 25

Pips & Bounce Net Worth Timeline

Net Worth 2023Currently unavailable 
Net Worth 2022$3.5 million
Net Worth 2021$1.2 million
Net Worth 2020
Net worth valuation 2020 before appearing on Shark Tank  $5 million

Pips & Bounce Pitch on Shark Tank

Company namePips & Bounce
ProductPing-pong social club
EpisodeSeason 11 Episode 13
Founders Eugene Jung and Michael Jung
Asked for$500,000 for 10% Equity
Final dealNo deal
Shark None
LocationPortland, Oregon

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Pips & Bounce Founders

Pips & Bounce was founded by Eugene Jung and Michael Jung in 2013. These two siblings had a keen interest for ping-pong playing since their childhood. Their passion led them to organize pop up ping-pong parties around Portland. Later on this turned into a business. Pips & Bounce’s founders Eugene Jung and Michael Jung have a net worth of $3.5 million USD as of 2023.

Key accomplishments

YearAccomplishment
2020They appeared on Shark Tank season 11
2021Re-opening after the pandemic 

Conclusion

From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Pips & Bounce and its continued success.