Whatever Happened To Jax Sheets After Shark Tank?

Wen Muenyi appears on “Shark Tank” asking for $212,000 for a 10% equity stake in Jax Sheets. He grosses the sharks out once informing them that single men only wash their sheets every three months on average. Along with Jax Sheets, Muenyi throws in his line of laundry-free clothing HercLeon as part of the deal.

Kevin O’Leary perks up upon hearing about Jax Sheets’ $350,000 in Kickstarter revenue. Muenyi estimates that acquiring each customer costs $33 and the average sale is $148, with $70 in net profits. He has yet to sell any sheets outside of Kickstarter due to low inventory and trying to avoid overwhelming himself. His shirts have been on the market for a longer time. In the past year, the company made $270,000 on these shirts. When asked why Muenyi specifically asked for $212,000, the entrepreneur admits that he would otherwise stutter saying $200.

While the sharks love Muenyi’s transparency and bubbly personality, given that most of his sales have come from Kickstarter, it’s hard to predict the business’ viability. As a result, they can’t justify Mueyni’s $2.1 million valuation. All the sharks go out, with most believing Mueyni should strike out on his own right now instead of taking a partner. Nevertheless, they wish him the best and even hope that he returns to the tank one day once he has his data realized.

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