Squid Socks Shark Tank Update

Squid Socks Shark Tank Pitch

Gabe Miller and Jessica Miller appeared on Shark Tank Season 11, Episode 3, which aired on October 13, 2019, with baby socks that can’t be pulled off.

Squid Socks is listed in the Children category. In plain terms, the business is described as baby socks that can’t be pulled off.

Squid Socks asked the Sharks for $125,000 for 20%, implying a valuation of about $625,000.

On the show, Squid Socks made a listed deal with Daymond John for $125,000 for 33%.

If treated as straight equity, the listed deal works out to about $378,787.879 implied valuation, down from the original $625,000 implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Squid Socks After Shark Tank

Squid Socks accepted an on-air Shark Tank deal for $125,000 for 33%, then kept operating after the episode. (Squid Socks Shark Tank Update

Update sources put Squid Socks annual revenue around $3 million. (Squid Socks Shark Tank Update

By November 2022, the company is on the shelves at Bed Bath & Beyond, Amazon, and dozens of mom-and-pop stores across the country. (Squid Socks Shark Tank Update

Daymond’s influx of cash went to getting more inventory. (Squid Socks Shark Tank Update

The current brand site points customers to squidsocks.ink. (Squid Socks website

Sources

Sources used for this page: Shark Tank API pitches