Swimply Net Worth: The desire of many people is to one day acquire their own private swimming pool. However, this is a very pricey pipe dream. Because of this, Bunim Laskin decided to start Swimply, an online marketplace where customers can rent swimming pools owned by other people on an hourly basis.
Imagine it like an Airbnb, except for renting out swimming pools. He appeared on Shark Tank to present his fledgling business, but the show ended without a contract being struck. As of the year 2022, it is predicted that Swimply is worth $30 million.
A Word On The Inventor
Even though Bunim Laskin keeps a low profile, it is common knowledge that he is from Lakewood, which is located in the state of New Jersey. As the eldest of 12 children, he was responsible for finding ways to occupy and look after his younger siblings when he was a teenager. Since he is the oldest of the family’s children, he had this responsibility.
He suddenly became aware of the fact that one of his neighbors didn’t put their swimming pool to nearly as much usage as the others. Therefore, he politely asked whether it may be used by his family in exchange for paying 25 percent of the pool’s upkeep costs.
The neighbor gave their assent, and afterward, five other families reached an agreement with Bunim on the same terms. Soon after, he came to the conclusion that he might launch a profitable enterprise based on this. He had just turned 20 years old and was enrolled at the Talmudic College of Florida at the time.
Initially Establishing The Business
Swimply was regarded as the first online marketplace for renting private swimming pools when it was launched in 2018 by its founder, who was a young adult at the time. A beta version was released by Bunim, however it only included four pools in the New Jersey region at the time.
After that, he used Google Earth to look for houses that had swimming pools. He went so far as to knock on their doors in an attempt to persuade the business owners to join his marketplace. It was thanks to this method that he was able to list the first one hundred pools and develop some momentum.
It was formally launched in 2019, and he received $30,000 in funding from his family and friends. After receiving over 400 reservations, the entrepreneur was successful in raising over $1.2 million in finance.
Appearance On The Shark Tank
Laskin decided that it would be wise to acquire more assistance from angel investors on Shark Tank despite the fact that he had just secured a significant monetary investment. In the year 2020, he made an appearance on the show’s eleventh season, offering 5% shares in exchange for $300,000.
The slick-talking entrepreneur stated that Swimply has the potential to earn a profit of $15 million by the end of the year 2020. On the other hand, Barbara Corcoran and Kevin O’Leary believed that his projections were entirely too optimistic. Barbara once more said that she was leaving the company because she was unable to comprehend how it worked.
The business strategy was appealing to Lori Greiner and Mark Cuban because it was comparable to that of Airbnb; yet, they remained skeptical regarding the estimates. Robert Herjavec stated that it was difficult to attain the valuation, and as a result, Laskin was left without a deal.
What Happened After Shark Tank?
Swimply is now considered to be one of the most successful rejects to turn into a success story on Shark Tank. The pandemic began to strike the economy not long after its episode was broadcast. This resulted in the closure of public pools, but private pools continued to operate normally.
The Swimply app has had over 3000 reviews and has been downloaded over 250,000 times throughout the Google Play and Apple app stores. The app has an average rating of 4.3 stars based on these ratings.
Because of this, they were able to generate more than one million dollars in income every month while obtaining between 15,000 and 20,000 reservations. This resulted in a Series A investment round in 2021, which brought in a total of $40 million. Mayfield and a few angel investors, including a former co-founder of Airbnb named Nate Blecharczyk, were the ones who spearheaded the funding round.
What Is Swimply? What Is Swimply Net Worth In 2022? https://t.co/bPNGuTJwZI
— News Watchlist (@newswatchlist64) September 20, 2022
Currently, Swimply has 70 full-time employees and operates in the United States of America, Australia, and Canada. Swimply generates an estimated ten million dollars in annual revenue, and the market value of the company is thirty million dollars.
Many people’s long-term goal is to have enough money to install their very own swimming pool in their backyard. However, such a plan would be prohibitively expensive. For this reason, Bunim Laskin created Swimply, an online marketplace where users may rent the use of private swimming pools on an hourly basis.
If you are more interested in accurate information, please visit our website, Digi Hind News.