Pips and Bounce

pips and bounceEugene and Michael Jung seek an investor for Pips and Bounce, their ping pong “lounge” and pop up ping pong party business, in Shark Tank episode 1113. The Jung brothers grew up playing ping pong in their parents’ basement and, when they grew up and moved to Portland, they missed the fun they used to have playing. When they realized there was no suitable public place to play ping pong for fun, they started throwing pop up ping pong parties around Portland, Oregon in 2012.

The parties were a big hit and earned Pips and Bounce the moniker of “the food truck of ping pong.” Like many successful food trucks, they wanted a permanent location for their business. They got their brick and mortar location opened with some help from the Kickstarter community when they raised $51,059 back in December of 2014. The location, just like the pop up parties, was an instant success.

People can stop in to Pips and Bounce and play on one of their ten tables for $16 per half hour. While there, they can dine on a variety of bar food-like appetizers or enjoy one of their “pongtails.” The business also does parties, corporate events, fundraisers and other group ping pong activities in their 1500 square foot private event room.

They specifically designed the space to mimic a “retro-basement-rec-room.” There’s a full bar and kitchen, too. The Jungs basically emptied their bank accounts and uprooted their lives to start the business – along with the Kickstarter funds. Now, they’re looking to expand the concept, with a little help from a Shark.

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Posts about Pips and Bounce on Shark Tank Blog

Pips & Bounce – Ping Pong Parlor

Pips and Bounce Shark Tank Recap

Eugene and Michael will pitch the panel of five Sharks on the business and its prospects for growth. They’ll need to convince Mark Cuban, Kevin O’Leary, Lori Greiner, Daymond John and guest Shark Maria Sharapova that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but they’ll need to show them THEY are capable of running the company to “Shark standards.” A full pitch re-cap on Pips and Bounce will be available on Shark Tank Blog once this episode airs.

Pips and Bounce Shark Tank Update

The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on Pips and Bounce & Eugene and Michael Jung as more details become available.

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