Grace&Lace

Grace & Lace Knitted Boot Socks - Women's Accessories

Grace&LaceDealFashion & BeautyWebsiteAustin, TXby Rick and Melissa HinnantS5E10

Pitch Details

Season / Episode

S5E10

Nov 22, 2013

Ask

$175,000

for 10%

Ask Valuation

$1.8M

Deal

$87,500

for 10%

Watch the Pitch

Deal Terms

Amount$87,500
Equity10%
Valuation$875,000
Loan$87,500

What Happened Next

Thriving

$20M

reported

  • Made deal with Barbara Corcoran for $175K for 10% on Season 5
  • Had already done $1 million in revenue before appearing on the show
  • Grew to over $10 million in annual revenue within a few years of airing
  • Expanded product line beyond lace boot socks to full women's clothing brand
  • Maintained strong direct-to-consumer online presence

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