Solemates
cap for shoes to prevent them from sinking into grass
Pitch Details
Season / Episode
S8E4
Oct 14, 2016
Ask
$500,000
for 10%
Ask Valuation
$5M
Deal
$500,000
for 20%
Watch the Pitch
Deal Terms
Amount$500,000
Equity20%
Valuation$2.5M
Robert HerjavecWhat Happened Next
Deal Fell Through
Founders backed out; 20% equity stake was too large; preferred to keep full control; signed CVS partnership independently
Thriving
$2M
reported
- They ended up doing a deal with CVS and are now in over 4000 of their stores.
- There are new items in the line, too: shoe fresheners, blister protectors, a 'winter warrior' collection and more.
- As of November, 2023, the company is still chugging along with annual revenues of $2 million.
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