ISlide Custom Sandals Update | Shark Tank Season 8

ISlide appeared on Shark Tank on September 23, 2016. Founder Justin Kittredge left the tank without a deal from the sharks, despite getting a generous offer from Robert Herjavec. Here’s a quick recap of everything that happened during the custom slide sandals pitch as well as news on an ISlide update after Shark Tank.

Shark Tank ISlide Update

ISlide Update Shark Tank

  • Entrepreneur: Justin Kittredge
  • Business: Custom slide sandals
  • Ask: $500,000 for 5% equity
  • Result: No Deal
  • Shark: None

ISlide appeared on Shark Tank Season 8 Episode 1 and was pitched by founder Justin Kittredge. As the name implies, ISlide allows its customers to create custom sandals with names, logos, different colors, and more. Further, it is represented by a variety of influencers like Justin Bieber, Antonio Brown, DJ Kaled, and more.

In its first three years, ISlide did $1.5 million in sales, but will only profit a portion of that, causing Kevin O’Leary to question the high valuation. Things continued to get a bit dicey in the tank, until Antonio Brown dropped in to lighten the mood.

Despite five of the six sharks being out, ISlide did manage to get an offer from Robert Herjavec of $500,000 for 20% equity. Justin countered the offer at 10%, but Robert stuck to his guns. When it was all said and done, ISlide left the tank without a deal because Justin didn’t want to give up so much equity.

In a blog post on the ISlide website, Justin talked about why he said no to the sharks. “We have a good friend and investor who did exactly this for a living,” said Justin. Once he realized that, he decided he didn’t need to give up so much equity and knew at that “exact moment we were going to be alright.”

In terms of an ISlide update after Shark Tank, the company is still in business and has managed to find its way into retailers like the NBA Store, Fanatics, and Dick’s Sporting Goods. Further, ISlide has secured licensing deals with DC Comics, Nickelodeon, Major League Baseball, and more.

Despite not getting a deal on Shark Tank, ISlide is going to be just fine.

For more Shark Tank Season 8 Episode 1 product updates, be sure to check the links below:

For more Shark Tank products update, be sure to check out our Season 8 Products page.