Jax Sheets is a Copper Infused Silky Cotton Sheets created by the founder, Wen Muenyi. Jax Sheets has appeared in Shark Tank Season 12 Episode 13 for funding so he can market and expand his sheets throughout the United States.
Founder Muenyi demanded $212,000 from Shark in exchange for 10% equity in his company. According to this demand, this company’s valuation in Shark Tank was $2.1 million, which puts the company in a good position.
Jax Sheets is a unique sleeping bed that is very less messy, says the founder. Do you know how this business idea came to Muenyi and why he designed this sheet? So let’s know some story.
Muenyi, said those who used to fascinate sheets, used to buy expensive, silk sheets for comfortable sleep. In his few years, he has bought many sheets from Amazon and retail stores.
According to Muenyi, if a good sheet is found in which the user gets comfortable, it comes very expensively, not everyone can afford it.
He bought many different types of sheets from $20 to $400 and then researched the material he has in them.
After doing all this research, Muenyi launched his own company named Jax Sheets, which can give silk experience to people at an affordable price.
We analyzed the home bedding market and we got to know, that in 2021, the global value of this market was $86.89 billion.
It is a big and expansive market, it is very difficult to sustain a small business in this market. One has to face some challenges from time to time.
What Is Jax Sheets?
Jax Sheets is a copper-infused silky cotton sheet for men. This product is made from breathable bamboo fiber, which is softer and more sustainable than any cotton.
The sheet is infused with silver for its anti-bacterial properties. This sheet is especially for Men because Men do not wash their sheets much.
As it contains infused silver, this it will be very less dirty and if it is not washed even for a year, it will go away.
Jax Sheets Shark Tank Update
|Company Name||Jax Sheets|
|Product||Copper Infused Silky Cotton Sheets for Men Who Don’t Wash Their Sheets|
|Asked For||$212,000 for 10% Equity|
|Final Deal||No Deal’s|
|Episode (Shark Tank USA)||Season 12 Episode 13|
|Air Date||February 12, 2021|
|Business Status||In Business|
|Net Worth||$1 Million *estimated|
|Address||St Paul, Minnesota, United States|
|Go To Amazon||Buy Now|
Another Shark Tank Pitch
Who Is The Founder Of Jax Sheets?
Wen Muenyi is the founder and CEO of HercLeon, the parent company of Jax Sheets. His dream is to create a laundry-free future.
He studied Bachelor of Art in Marketing from the University of West Florida. In the beginning, he worked in many companies, and in 2018 he was the co-founder of Rheabelle (Sleep Technology Company).
After that in August 2016, he started a company named HercLeon, which makes bed sheets at an affordable price.
Jax Sheets Before Shark Tank
Muenyi was already in the laundry business and has very good knowledge about bed sheets and materials.
The founder is also a marketing expert, he initially ran a campaign on the platform Kickstarter for crowdfunding of his company.
During this campaign, he raised an amount of $351,976 till January 2020. This amount was raised from 2,289 backers, in return, they were sent this product. But shipping had to be delayed for a few days during the Covid-19 pandemic.
When this product was ready, the founder took feedback from 1000 Guys, everyone said that it is comfortable.
Did Jax Sheets Get a Deal on Shark Tank?
The founder of Jax Sheets gave a very good pitch on Shark Tank and asked Shark for $212,000 for 10% equity.
Muenyi is the owner of two companies Sheets & T-Shirt. All these products are sold on the hercleon.com website. The technology is the same in all these products, but the material is different in every product.
Their customer Acquisition cost is approx $33 and its average sale is $148. He makes a $70 margin in this sale. So when he spends $33, he takes a margin of $70.
In Shark Tank, the founder told that he has not done any sales other than crowdfunding.
Muenyi revealed to Shark Tank that he’s sold $270,000 on his t-shirt this year. The founder runs his company in his garage, he has made his garage an office.
Muenyi also revealed that this is not true, which he has put a $2.1 million valuation of his company. But this business can be around $1.8 million.
All Shark says that this Jax Sheets business is not investable as it has not sold anything other than Kickstarter.
What Happened To Jax Sheets After Shark Tank?
Jax Sheets did not get the deal in Shark Tank as it is not a sale from any other source of business and the founder worked out his own valuation.
When this episode of Shark Tank aired, it got some sales for a few weeks. This is no longer a Niche business, the founder is taking it to one place and now it has become a multiple niche business.
Not much information has been found about this product yet. But in July 2022, the order of Jax sheets is being taken through their website.
It would have gone up to $1 million in its revenue in 2022, it seems as it has been more than 1 year since it came from Shark Tank.
How is the Jax Sheets going?
Jax Sheets website hercleon is still active and taking orders as of July 2022. But it cannot be said whether it will be able to survive in the coming time or not.
If you want to buy this sheet, then you can visit its website, the price of each sheet is $ 129.99 in July 2022.
It also sold cloths, masks, and towels, perhaps adding more variety of products in the future.
This sheet product of theirs is in the home bedding category but this company is going into the clothes industry by not focusing on this product.
The clothing industry is a very competitive industry, to sustain itself in this industry more money will be required.
What Is The Jax Sheets Net Worth?
Talking about Jax Sheets’s Net Worth, not much information about its net worth is yet available. But if we follow Jax Sheets’s net worth then it can be up to $1 million.
Is Jax Sheets Still In Business?
Yes, this Jax Sheets is running its business in July 2022 but the coming time cannot be said right now.
There is not much traffic available on its website right now, so it would be wrong to say that this company is getting more sales.
This company has been featured on popular news networks like CNN, Heavy, and India.com.
Content Photo Credit: Amazon.com & hercleon.com