Broccoli Wad Money Clip Update | Shark Tank Season 2

Jonny Gennaro and Vinny Pastore, have created a New York City mafia-inspired money clip. It was originally Johnny’s idea, and he eventually brought Sopranos actor Vinny along to join the business. Will they get a deal on Shark Tank Season 2? Find out in our Broccoli Wad update!

If you’re short on time, here’s a quick overview of what happened to Broccoli Wad after Shark Tank!

Broccoli Wad appeared on Shark Tank Season 2 and left with a deal from Barbara Corcoran for $50,000 for 40% equity. In terms of a Broccoli Wad update, the company is out of business despite a bit of initial success from appearing on Shark Tank.

Shark:  Result:
Barbara Corcoran Accepted deal of $50,000 for 40% equity
Kevin O’Leary No Offer
Daymond John No Offer
Robert Herjavec No Offer
Jeff Foxworthy No Offer

Shark Tank Broccoli Wad Update

Broccoli Wad Update Shark Tank

  • Entrepreneurs: Johnny Gennaro and Vinny Pastore
  • Business: Money clip to securely carry cash
  • Ask: $50,000 for 20% equity
  • Result: $50,000 for 40% equity
  • Shark: Barbara Corcoran

Johnny and Vinny brought Broccoli Wad to Shark Tank Season 2 Episode 4. The Broccoli Wad is basically a high-strength silicone rubber band with a gold or silver plate that wraps around cash, to emulate how wise guy carry their money.

The two guys deliver an entertaining presentation of the product. However, Robert Herjavec is not sure the Broccoli Wad band is worth the valuation.

To make matters worse, Barbara Corcoran immediately goes out, saying that she doesn’t get the product. Although Johnny seems disappointed, he explains that it is a product more catered to men, as they are more used to rubber bands as cash clips.

Guest shark Jeff Foxworthy, says he is interested in the product, because wallets are becoming too big, and other clips just don’t work. Kevin O’Leary wants to know how the product would be sold.

Johnny says the Broccoli Wad package includes four bands and four metal slides. This retails between $10 and $14.

Further, advertising spots have already been created with more cast members from The Sopranos. 

Additionally, Vinny has set up a deal with some casinos to give out the product and run some promotions. Daymond John asks how much has already been invested in the company, and Johnny says it is around $200,000.

This ultimately takes the sharks by surprise.

When asked what he would spend an investment on, Johnny says that some of the money would eventually go toward advertising on TV. Additionally, he’s looking for sales and marketing expertise.  

Robert asks why Vinny’s face isn’t on the product, and most of the sharks agree it’s a great idea. With that, Barbara jumps back in, saying she’d get behind the Vinny Wad branding.

On the other hand, Kevin isn’t into it, so he goes out, followed by Jeff and Daymond John.

Barbara makes an offer for contingent on Vinny having his face on the product. The deal is $50,000 for 40% of the company, with half of the percentage going to Vinny.

At this point, Robert goes out saying that Barbara’s deal is great.

Vinny accepts the deal on Johnny’s behalf and gives Barbara a hug. With that, the two leave Shark Tank with a deal for Broccoli Wad. 

Keep reading our Broccoli Wad update to find out what happened following the show!

Our Broccoli Wad update reveals that the deal with Barbara never actually closed. In 2023, the company seems to be out of business, with no active social media presence or website.

Further, we found that the deal with Barbara never closed. However, it seems that Johnny and Vinny eventually took some advice from the sharks about marketing and added Vinny’s face to the packaging.

In a podcast interview with ExtraShockXL, Vinny spoke about a Broccoli Wad update and his partner Johnny. According to Vinny, as soon as they walked out of the tank, Johnny shared that he never intended to take the deal with Barbara and was just there for the exposure.

Despite the product being for sale on Amazon for a few years after airing on Shark Tank, it seems Johnny and Vinny finally decided to shut things down and move on to new ventures.

This will be our final Broccoli Wad update.

Interested in more? By following the links below, you will get to find out everything about how the other companies on Season 2 Episode 4 performed. 

Would you like to see all the products featured in Shark Tank Season 2? Visit our Season 2 Products Page to get all the information you seek on them.

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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!