Noene USA Shark Tank Update

Noene USA Shark Tank Pitch

Bryan Scott appeared on Shark Tank Season 6, Episode 26, which aired on April 24, 2015, with extra thin insoles for shoes.

Noene USA is listed in the Accessories Gadgets category. In plain terms, the business is described as extra thin insoles for shoes.

Noene USA asked the Sharks for $100,000 for 10%, implying a valuation of about $1 million.

On the show, Noene USA made a listed deal with Daymond John and Mark Cuban for $200,000 for 30%.

If treated as straight equity, the listed deal works out to about $666,666.667 implied valuation, down from the original $1 million implied valuation.

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

Noene USA After Shark Tank

Noene USA accepted an on-air Shark Tank deal for $200,000 for 30%. The on-air deal did not close. The company was acquired by Foot Solutions in September, 2020. (Noene USA Shark Tank Update

The company added the Multisole NO2, a thicker insole, to the line. (Noene USA Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches