Shark Tank Season 13 had a really unique concept from Jasmine Maietta. Her business, round21, combines the disciplines of art and athletics. Jasmine aspired to infuse athletic equipment with creativity through artistic collaborations producing aesthetically pleasing and artistic gear. She also intended to assist sportsmen and artists by using NFTs.
which are virtual collectibles. Jasmine wanted round21 to be a brand that honored her two passions athletics and art. In this particular episode, Jasmine requested $250,000 from the sharks in exchange for 3% of her business. She wants their assistance in growing the company. Closing more deals with athletes and entertainers and growing the NFT division of the company. Will the entrepreneur get a deal on Shark Tank? Check out our round21 update to find out!
Round21 Net Worth 2024
Jasmine Maietta asked for a $250k investment in exchange for 3% equity in her company, round21. This meant she valued her company at about $8.33 million. She ultimately made a deal with Kevin O’Leary for $250k in exchange for 10% equity and a 5% royalty on all NFT sales, which valued her company at $2.5 million at the time of the show. After the show aired, round21 saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of round21 in 2024 is about $4.02 million.
Round21 Shark Tank Update
In terms of a round21 update, Following the Shark Tank episode, round 21 kept expanding. In twenty-four the business remained open and was doing well. Jasmine put a lot of effort into forming alliances with significant sports groups, such as the US Women’s National Team Players Association and the NFL Players Association. Through these collaborations, round21 was able to produce unique souvenirs of sports honoring these teams.
Jasmine also established new relationships with well-known companies like Dick’s Sporting Goods and Budweiser Fanatics. Through these collaborations, round21’s products were able to reach a wider audience and be offered for sale both online and in physical places. In fact Round21 began to sell merchandise in gift shops at museums. Jasmine collaborated with well-known companies like Coinbase and Bored Ape Yacht Club on the NFT side of the company.
Through these alliances, round21 was able to increase its visibility in the digital art industry. Jasmine’s original strategy of combining athletic apparel with artwork was effective. Although it’s not clear if the agreement with Kevin O’Leary closed round 21 it was undoubtedly successful.
In Shark Tank, round21 did indeed land a deal. When Jasmine approached the sharks, she was requesting $250,000 in exchange for 3% of her business. The only shark willing to negotiate was Kevin O’Leary. He thought Jasmine’s use of NFTs was a good idea and that her business model had potential. He disagreed with her initial offer though. Kevin felt that his investment was too little at three percent ownership.
Initially, he proposed to Jasmine a deal for $250,000 in exchange for 15% of the business. They bargained back and forth because Jasmine wanted the equity share to be lowered. Ultimately they reached an agreement to invest in one hundred fifty thousand dollars for ten percent equity and 0.5 percent of the total sales of NFT. By this agreement, Kevin gained a significant share of the company and Jasmine obtained the capital required to expand into round 21.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | Out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | #1 $250,000 for 15% equity | #1 $250k for a 5% stake + 1% in advisory shares #2 $250k for a 5% stake + 1% in advisory shares & a 1% royalty for every NFT sold #3 $250k for a 11% stake + a 2% royalty for every NFT sold #4 $250k for a 10% stake + a 1.5% royalty for every NFT sold | Yes to #4 offer |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Round21 Shark Tank Pitch
In our round21 update research, Jasmine Maietta started round 21 because she loves sports and art. Jasmine was a professional basketball player before founding the business. She had always understood the power of sports to unite people and foster happy memories. However, she also saw that sporting goods such as ping pong paddles and basketballs sometimes had a basic uninteresting appearance.
Being an art enthusiast she thought sports equipment might be more than just instruments for competing; it could also be works of art. Her notion inspired her to create round21 a business that would provide stylish athletic apparel. When Jasmine first started creating round21. She encountered some difficulties. Persuading consumers that sporting goods might be artistic creations was a difficult task.
Jasmine thought her firm was unique when she entered the Shark Tank. She boldly introduced her concept of producing artistic sports gear and NFTs or virtual collectibles. She talked about how round21 was attempting to combine her love of athletics and art.
Jasmine informed the sharks that round 21 was expected to generate five hundred and ten thousand dollars by year-end, with the sale of NFTs accounting for around twenty thousand dollars of that total. She requested $250,000 from the sharks in exchange for 3% of her firm stating that she would use the money to extend her line of NFTs, grow the company, and form additional relationships with sports and artists.
In regard to a round21 update, Although Jasmine’s suggestion piqued their interest, the sharks had some concerns. Although Jasmine’s passion thrilled Lori Greiner she didn’t think she was the best fit for the company. She declined to make an offer because she believed that other sharks would be a better fit. Robert Herjavec also passed even though he thought the idea was great but couldn’t see how the company could turn a profit.
Daymond John said that he wasn’t yet ready to invest because he didn’t completely comprehend NFTs. When asked why the company’s sales didn’t match its price Mark Cuban responded that his other business interests prevented him from participating in round 21.
In round 21, Kevin O’Leary was the only shark that spotted the potential. Kevin thought Jasmine’s firm had a lot of potential for growth and loved the notion of using NFTs. However, he was unwilling to accept the arrangement at 3% equity. He presented Jasmine with a counteroffer in which he demanded $250,000 in exchange for 15% stock.
Jasmine tried to bargain because she wanted to maintain greater authority over her business. Following some back and forth Kevin and Jasmine came to an agreement whereby Kevin would contribute $250,000 in exchange for 10% ownership in the business and 5% of all NFT sales. Jasmine enthusiastically accepted this offer seeing Kevin as a partner in her journey.
What Went Wrong With The Round21 On Shark Tank?
While round21 did get a deal some of the sharks were hesitant to invest in the company. One of the main concerns was the company’s sales. Mark Cuban and Robert Herjavec both questioned why the sales numbers were low, especially considering the high valuation Jasmine gave the company.
Mark Cuban also noted that he had other business interests that would conflict with round21 which is why he didn’t make an offer. Daymond John admitted that he wasn’t yet comfortable with NFTs so he decided not to invest either. These factors made some sharks unsure about the company’s potential but Kevin O’Leary was confident enough to take the deal.
Product Availability
Round21 provides a large selection of creative sports gear and clothes. Their products which have distinctive designs made by various artists include pickleball paddles, ping pong paddles, basketballs, and more. Additionally, the company sells NFTs that let customers own sports-inspired digital art.
Products from Round21 can be bought online as well as at physical locations like Dick’s Sporting Goods and gift shops at art museums. The business has been able to produce unique goods that honor these teams thanks to its partnerships with significant sports organizations, such as the NFL Players Association and the US Women’s National Team Players Association.
Conclusion
The experience Round21 had on Shark Tank was thrilling. Jasmine was able to sustain business growth because of the support she received from Kevin’s collaboration. Since the show round21 has forged new alliances with well-known figures in the sports and art industries.
Fans have continued to be won over by the company’s distinctive approach. Round 21 has increased the range of products it offers by adding clothes and NFTs in addition to sports gear. Round 21 appears to have a bright future ahead of them and it will be interesting to watch what new partnerships and innovations they bring to the sports and art industries.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
