Pips & Bounce is a ping pong lounge and social club that offers a vibrant space for ping pong parties. The lounge features amenities such as a garage, rec room, restroom, play desk, TV, front bar, kitchen, and corner suite.
The cost for using a ping pong table is $16 per person for 30 minutes. Additionally, they have a 1,500-square-foot private event room available for parties and corporate events.
| 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 | N Sharks | |
| Episode (Shark Tank USA) | S11 E13 | |
| Air Date | Feb 28, 2020 | |
| Business Status | Out of Business | |
| Website | Visit Website | |
| Headquarters | Portland, Oregon, US | |
| Lifetime Worth (Sales) | $3.5M *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Pips and Bounce?
The founders of Pips & Bounce are brothers Eugene Jung and Michael Jung, who reside in Portland. They launched the company in 2013.
Eugene Jung
Eugene graduated with a degree in economics from the University of Michigan and previously worked as a senior specialist at Apple. He also spent nine years as a Business Development Manager at Curtis, Mallet-Prevost, Colt & Mosle LLP, a law firm based in New York. In September 2019, he founded Skaut Coffee Roasters.
How Was The Shark Tank Pitch Of Pips and Bounce?
After entering the Shark Tank, the Jung brothers requested $500,000 for 10% equity in their business. They presented their business model to the sharks, outlining their plans to launch a franchise.
However, with a profit margin of only 7%, the sharks felt that the business was still in its early stages, leading them all to decline the offer.
What Happened To Pips and Bounce After Shark Tank?
Pips & Bounce did not secure funding on Shark Tank, but they gained valuable free promotion from their appearance. Unfortunately, the timing of the episode coincided with the COVID-19 pandemic, which hindered their ability to capitalize on the exposure. Although they reopened their business after the pandemic, profits were limited.
In his research, Eugene Jung discovered a growing interest in online coffee sales. This led him to invest in a coffee roaster and launch Skaut Coffee Roasters.
According to Yelp, many users visit Pips & Bounce to enjoy their time there and have positive experiences. As of September 2023, the company has generated lifetime revenue of $3.5 million.
Like many businesses, Pips & Bounce faced closures during the pandemic. They reopened in July 2020 but had to close again in August due to personal reasons. The business successfully resumed operations on July 15, 2021, and now patrons regularly visit the Pips & Bounce social club in Portland.
What Is Pips and Bounce Net Worth?
Pips & Bounce has an estimated net worth of $1.2 million. The founders, Eugene and Michael Jung, sought $500,000 in funding from the Sharks at a $5 million valuation. However, they did not receive any investments, as most Sharks felt the company was still in its early stages.
Annual Revenue by Years
Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.
| Years | Annual Revenue |
| 2013-23 | $3.5M *estimated |
Funding Reports to Date!
| Years | Funding Amount | Investor |
| N/A | N/A | N/A |
Located in Portland, Oregon, Pips & Bounce employs between 11 and 50 people.
Yes, Pips & Bounce is still in business as of September 2023.
