ISlide Custom Sandals Update | Shark Tank Season 8
ISlide appeared on
Shark Tank ISlide Update
- Entrepreneur: Justin Kittredge
- Business: Custom slide sandals
- Ask: $500,000 for 5% equity
- Result: No Deal
- Shark: None
ISlide appeared on
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
Despite not getting a deal on
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