Seasons 6+ pages were generated with help from AI. Seasons 1-5 were researched and written by hand.
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| Name | Solemates |
|---|---|
| Main Presenters | Monica Ferguson, Becca Brown |
| Order Shown in Episode | 1 |
| Final Deal | Offer made from sharks |
Monica Ferguson and Becca Brown appeared on Shark Tank Season 8, Episode 4, which aired on October 14, 2016, with protective high heel caps.
Solemates is listed in the Clothing Fashion category. In plain terms, the business is described as protective high heel caps.
Solemates asked the Sharks for $500,000 for 10%, implying a valuation of about $5 million.
On the show, Solemates made a listed deal with Robert Herjavec for $500,000 for 20%.
If treated as straight equity, the listed deal works out to about $2.5 million implied valuation, down from the original $5 million implied valuation.
This pitch is included as context for the more important question: what happened after Shark Tank.
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Sharks | Deal | Robert Herjavec | $500,000 for 20% |
| Company | Offered | $500,000 for 10% |
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
Solemates accepted an on-air Shark Tank deal for $500,000 for 20%. The on-air deal did not close. The company is still in business. (SoleMates Shark Tank Update https://www.sharktankblog.com/business/solemates/Link Preview
Solemates reported annual revenue of $2 million as of November, 2023. (SoleMates Shark Tank Update https://www.sharktankblog.com/business/solemates/Link Preview
They ended up doing a deal with CVS and are now in over 4000 of their stores. (SoleMates Shark Tank Update https://www.sharktankblog.com/business/solemates/Link Preview
Sources used for this page: Shark Tank API pitches https://www.sharktank-api.dev/pitches https://www.sharktank-api.dev/episodes https://www.sharktankblog.com/business/solemates/Link Preview
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