What Happened to Baubles and Soles After Shark Tank?
What are Baubles and Soles?
Baubles and Soles are made of a long-lasting, proprietary plastic blend that is machine washable and dishwasher safe. They are slip-resistant and provide much-needed stability for the early walker.
Baubles & Soles are made from 100 percent recyclable vegan bio-based soy material in a closed-loop process that utilizes scraps and abandoned shoes and saves roughly 100 tons of waste from entering landfills each year.
Children’s feet grow so quickly that they usually outgrow their shoes before they can wear them. The dilemma is exacerbated when you have to buy multiple shoes to match different outfits and events.
Baubles and Soles were founded in 2017. The shoes are made in America with a unique material that is 45 percent soy by weight and 100 percent vegan.
The shoes come in 5-10 toddler sizes and 6 different colors, and they are water resistant, machine washable, and slip-resistant.
Who is the founder of Baubles and Soles?
Lisa T.D. Nguyen founded the company in 2017 after becoming frustrated with the need to buy new shoes for her daughter to match different clothes, despite the fact that Kaia would grow out of them quicker than she could wear them.
They make a children’s shoe with removable “baubles” to dress it up for different occasions. Rather than buying many pairs of shoes for youngsters (which they quickly outgrow), get one pair and replace the groundbreaking, interlocking bauble with a new design.
The shoes are made of a one-of-a-kind bio-based substance that contains 45 percent soy by weight. They are made in the United States, are comfy, slip-resistant, machine washable, and recyclable.
The best part is that the baubles fit all of the shoe sizes that they provide, allowing you to continue to decorate as your child grows. Baubles come in a range of shapes and sizes, including rainbow unicorns, pompoms, bows, and even tacos!
There’s a bauble for every child, and mom may match with matching Baubles and Soles shoes.
Children’s shoes are $49.95 and come with one bauble set. Extra baubles cost $12.95 each. To change the bauble, just twist and pull on the clever interlock mechanism. The company has an excellent track record of sales and an Amazon Store.
What Happened to Baubles and Soles at Shark Tank Pitch?
Duc and Lisa Nguyen seek to find a buyer for Baubles and Soles, their children’s shoe company, in Shark Tank episode 9 seasons 11. They want to get their product into national children’s merchants and spread the word about it.
Duc and Lisa entered the Shark Tank seeking for $100,000 in return for a 15% stake in their company, which worth $666,667.
The Sharks collected samples and were affected by Nguyen’s story. They claim to be seeking for a strategic partner in the form of a Shark.
Daymond exits, claiming that they will be carrying far too much merchandise.
Mark and Robert are up next, and they were opposed to the business notion.
Kevin feels they gave an excellent presentation and that the valuation was correct.
Kevin feels they gave an excellent presentation and that the valuation was correct. Unfortunately, he does not want to work in the shoe industry, thus he went out.
Lori claims that their story inspired her, but shoes are too competitive for her, so she’s out.
Lisa appeals to their wallets now that all five Sharks had exited. She wants to “de-risk” the deal by returning the investment with profits.
Daymond was ecstatic with this strategy and makes a $100,000 offer for 25% ownership of the company. They agreed and left the pitch with a deal.
What Happened to Baubles and Soles After Shark Tank?
The deal with Daymond did close after the show aired, and the two walked away from the presentation with a deal. As of January 2022, the firm was still in existence, with annual revenue of $207,672.
Baubles and Soles’ Competitors
Baubles and Soles’ main rivals in the market are Everything Is Rosey LLC, The Darien Sport Shop Incorporated, Darien News Store, Inc., and Wiggles & Giggles.
Baubles and Soles’ Net Worth
During the pitch, the firm was valued at $666,667; following Daymond John’s investment, the company was valued at $400,000. As of January 20, 2022, the firm is still in operation.
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Baubles and Soles FAQs
What are Baubles and Soles?
Baubles and Soles are a children’s shoe company with a new product line of shoes with removable baubles that can be changed to match different outfits.
What happened to Baubles and Soles’ Shark Tank appearance?
The company was seeking investment in return for a 15% equity stake, but Daymond John made a deal with them. He offered $100,000 in cash and 25% ownership of the company.
How to change your Baubles & Soles?
You can change your baubles by twisting and pulling on the clever interlock mechanism.
What’s the difference between Baubles & Soles and other vegan shoe materials?
The shoes are made of an innovative material that is 45 percent soy by weight and 100 percent vegan.
How old do you have to be to use the shoes?
The shoes come in 5-10 toddler sizes and 6 different colors, and they are water resistant, machine washable, and slip-resistant.
Where are Baubles & Soles sold?
They sell their products through Amazon, their website, and other online marketplaces. Their company is based in San Diego, California.
Where can I buy Baubles & Soles shoes?
Customers can purchase their shoes through Amazon, their website, or other online marketplaces. Their shoe size ranges from 5 to 8 toddler sizes and they sell at $49.95 per pair of shoes with a second set of baubles for $12.95.
How is the brand positioned?
Their shoe line was created to be the most unique, quality-constructed, and eco-friendly children’s footwear on the market.
What are some of their best-sellers?
Some of their most popular products include the Rainbow Unicorns, Anchors & Stripes Shoes, Pompom Shoes, Emoji Shoe Clips, Bow Pops Taboo Shoes, and more.
What is their mission?
Their mission is to provide children of all ages with safe and secure footwear in a fun, fashionable way.
What is Baubles and Soles return policy?
They offer free returns, so customers can exchange or refund their item within 30 days.
What is Baubles and Soles delivery period?
Their delivery period is 7-14 business days.
Is Baubles and Soles durable?
Baubles and Soles are durable, but they are not intended for outdoor use.
Is Baubles and Soles recycling?
Yes, Baubles and Soles’ shoes are 100% recyclable.
Are Baubles and Soles only for girls?
Yes, they are only for girls since they do not offer any shoe options for boys.
Who does Baubles and Soles target?
The company targets children ages 5 to 12 years old.
