Baubles + Soles Shark Tank Update

Baubles + Soles Shark Tank Pitch

Duc Nguyen and Lisa Nguyen appeared on Shark Tank Season 11, Episode 7, which aired on November 9, 2019, with shoes with customizable baubles.

Baubles + Soles is listed in the Clothing Fashion category. In plain terms, the business is described as shoes with customizable baubles.

Baubles + Soles asked the Sharks for $100,000 for 15%, implying a valuation of about $666,666.667.

On the show, Baubles + Soles made a listed deal with Daymond John for $100,000 for 25%.

If treated as straight equity, the listed deal works out to about $400,000 implied valuation, down from the original $666,666.667 implied valuation.

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

Baubles + Soles After Shark Tank

Baubles + Soles accepted an on-air Shark Tank deal for $100,000 for 25%, then kept operating after the episode. (Baubles and Soles Shark Tank Update

Update sources put Baubles + Soles annual revenue around $300,000-$500,000. as of November 2022. (Baubles and Soles Shark Tank Update

As of November 2022, the company is in business with annual revenue of $300,000-$500,000. (Baubles and Soles Shark Tank Update

The current brand site points customers to baublesandsoles.com. (Baubles + Soles website

Sources

Sources used for this page: Shark Tank API pitches