What Happened To Pips and Bounce After Shark Tank?

Pips and Bounce After Shark Tank Update: Pips and Bounce is a ping pong lounge and social club business that provides space for ping pong lovers to play and party. The Jung brothers, who hail from Appalachian Kentucky, used to play a lot of ping pong in their basement rec room when they were little.

They were looking for a suitable space to play ping pong but couldn’t find one in Portland. Seeing this opportunity, they started the Ping Pong Parties business in Portland in 2012.

What is Pips and Bounce?

Pips & Bounce is a ping pong lounge and social club that provides a space for ping pong parties. Their lounge has the facilities of the garage, rec room, restroom, play desk, TV, front bar, kitchen, corner suite, etc.

A ping pong table is $16 per person for 30 minutes only. They have a 1500-square-foot private event room where parties and corporate events are held.

Who Is The Founder Of Pips and Bounce?

The founders of Pips and Bounce Company are Eugene Jung and Michael Jung, two brothers living in Portland. They started this company in 2013.

Eugene worked as a senior specialist at Apple after completing his economics studies at the University of Michigan.

Pips and Bounce Shark Tank Update

Company Name	Pips and Bounce
Founder	Eugene Jung and Michael Jung
Founded	2013
Product	Ping Pong Lounge and Social Club
Asked For	$500k for 10% equity
Final Deal	No Deals
Shark	No Sharks
Episode (Shark Tank USA)	S11 E12
Air Date	Feb 28, 2020
Business Status	In Business
Pips and Bounce Net Worth	$1.2M *estimated
Headquarters	Portland, Oregon, US
Pips and Bounce Instagram	View Profile
GO TO AMAZON	Buy Now

Also Read This: What Happened To Rapid Rope After Shark Tank?

Pips and Bounce on Shark Tank Pitch

After entering the Shark Tank show, Jung Brother asked the sharks for $500k for 10% equity. They explained their business model to the Sharks and their plan to launch a franchise.

Their profit margin in this business is 7%, due to which the shark felt that the business was in the early stage. So all the sharks were out.

Pips and Bounce Net Worth

Pips & Bounce has a net worth of $1.2 million. The founders had sought $500k funding from the Sharks for their company at a $5 million valuation, however, they did not receive the funding. Most sharks said that this company is in the early stages.

Is Pips & Bounce Still In Business?

Yes, Pips & Bounce is still in business as of September 2023.

Pips & Bounce business has been running since 2013 and Jung is trying to grow this business. The business was closed in 2020 during the pandemic but was re-opened in 2021.

The address of this business is Portland, Oregon, United States, and 11-50 employees are working in it.

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