Founder of the clothing company Swimply, Bunim Laskin’s net worth is estimated at $30 million. He’s been raising funds from friends and relatives, and has also pitched his investment idea to sharks on the hit show Shark Tank.
Founder of Swimply
Founder of Swimply, Bunim Laskin, is a young entrepreneur. He started his first business at the age of 20 and is now the CEO of Swimply. He launched the business after the heat wave in the United States.
Swimply offers pool owners the opportunity to earn extra income by renting out their unused pool. This service is available in the United States, Canada, and Australia. It also provides liability insurance to protect pool owners.
As a child, Laskin loved to swim, and his family had access to the pool of his neighbor. But, he felt limited by the outdoor activities available in his suburban neighborhood. That’s when he came up with the idea for Swimply.
Laskin’s business is an online pool rental marketplace, where pool owners connect with renters who enjoy swimming. His business is based on a model that is similar to Airbnb.
Laskin launched his business after he dropped out of college. He used his bar mitzvah money to start the business. He partnered with a pool maintenance company and raised $960,000. After that, he hired a team of software developers to create a prototype. In five weeks, he managed to secure 10,000 bookings. He then pitched his idea on Shark Tank. He was offered $300,000 for 5% of the company. Eventually, the deal fell through, however.
Laskin’s company has a net worth of $30 million. It is estimated that the company will generate $15 million in profit in 2020. Laskin plans to increase the value of the company to 239 million dollars over the next three years.
Swimply currently offers pool rental services in 125 markets in the US. The market with the highest demand is New York City. Other popular markets include Portland, Austin, Maryland, and Los Angeles.
Laskin’s company has received $500,000 from investors in the last few months. The company’s sales are growing at a rate of three times. The company will put one million people in fifteen thousand pools in 103 cities in 2021. It will also offer $10,000 property insurance to pool owners.
Laskin’s company has also received investment from former Airbnb co-founder Nate Blecharczyk. As of today, there are more than seventy thousand listed pools in the United States.
Pitched investment opportunity to sharks on Shark Tank
Whether you’ve never seen Shark Tank or you’re a fan, you’ve probably heard of the show. It’s a show where entrepreneurs from all over the country come to the table to pitch their business idea to a panel of sharks. They’ll ask you a few questions, but you’ll also need to explain your business plan, show investors your financials, and tell them about your customers.
You should know that Shark Tank is not for everyone. You may not be able to appear on the show, or you may be rejected. However, that doesn’t mean your product or service isn’t worth investing in. It can be a good way to build your customer base and gain exposure.
If you’re lucky, you may be able to land an appearance fee to help fund your investment. However, you don’t want to put your family at risk. You need great investors to help you get started.
It’s also a good idea to watch the show. A good pitch includes the obvious: a great idea, a reasonably feasible plan of growth, and an attainable share percentage.
While you’re at it, you might want to consider a crowdfunding campaign to generate proof of concept for your product. You can also list your product on your website once the episode airs.
You should also read up on the show and its features. You can find out which companies and investors are likely to invest in you, and how much you might have to invest. Depending on your industry, you might get a valuation of two to six times your annual revenue.
You can also check out the competition by looking at which businesses have been acquired recently. Shark Tank is a good source of information for getting your business started. Having the right product or service in the right market can create value.
When you’re preparing for your Shark Tank application, it’s a good idea to do some research. Make a list of your best highlights. Also, make notes about your financial information, the best sales figures you can find, and your most important selling points.
Founder of Swimply, a swimming pool sharing app. He is an Israeli who studied in Bais Yisrael and Eretz Yisrael. He studied at the Chaburah of Rabbi Barry Klein in Eretz Yisrael, and later attended Rabbi Zweig’s yeshivah in Miami. He returned to Jerusalem in 2017 to study at the Chaburah of Rabbi Shmuel Berel.
In 2010, his family moved to Lakewood, NJ. Laskin, then a teenager, wanted to swim, but his family did not have a pool. He found a neighbor who would rent him a pool. That’s how he got started. But he had to work hard to find investors for his idea. He pitched his idea to Shark Tank and was invited to be part of the panel. But after a few months, he dropped out. In July of 2018, Swimply launched with a more user-friendly app, and it has since expanded nationwide. The app already has thousands of transactions. It’s the first online marketplace for pool sharing. And Laskin has a new tool to help him decide who he’ll take money from.
With Swimply, Laskin can rent out his own pool, or rent a pool owned by someone else. He has six friends from high school who are part of his team.