#Islide shark tank episode update#

In terms of a Fizzics update after Shark Tank, the company has had a bit of a rough time and had to file for Chapter 11 bankruptcy. They countered back at $2,000,000 for 16.67% equity, which Mark and Lori accepted. Mark Cuban and Lori Greiner teamed up, offering $800,000 for 10% equity, and both Philip and David liked the idea of having two sharks on board. Additionally, Phillip and David shared that they are getting ready to launch a new product, Waytap, which is a smaller, cheaper version of the machine that will work with canned beer.Īll of this was enough to interest the sharks, and Philip and David found themselves with a few different offers. Further, each Fizzics machine costs just over $35 to make and retailed for $199. Even though iSlide didn’t reach a deal, they’ve continued to grow the business and sales have been booming since the show aired.When it appeared on Shark Tank, Fizzics had only been shipping its product for eight months and had already amassed $3.2 million in sales, and will profit $220,000. Justin counters for 10%, but since Robert is unwilling to budge, he leaves the Tank without an investment. Robert Herjavec offers $500k for 20% equity, and the rest of the Sharks drop out. The Sharks are impressed with the product and agree that the sandals are extremely comfortable, but have issues with the business valuation of $10 million, almost 10 times their revenue and 30 times their net profit. ISlide founder Justin Kittredge rolls the dice in the Shark Tank, asking for a $500k investment in exchange for a 5% equity stake in his company. They also receive $4 from all custom pairs of sandals ordered on the ISlide website. Each quarter, ISlide teams up with a new organization, and gives them the opportunity to sell their own branded ISlide sandals and pocket $20 for each pair sold. ISlide4Good is a charity program that helps non-profit organizations around the country. Custom designs are great for gifts or team events. You can make both sandals the same or create unique designs for the left and right side. Then add your personalized text using a wide selection of fonts and colors. You can place them anywhere you want, scale, stretch, tilt, and flip images like in a photo editing app. Graphics can be easily altered and edited through the design platform.

#Islide shark tank episode free#

You can use ISlide’s extensive library of free graphics or you can upload your own graphics or photos to be printed on your sandals. Then create your own design for the straps or have the in-house design team create your custom artwork for you. Start by choosing your size and pick from 11 color options. You can cosmetically customize your sandals through ISlide’s easy-to-use online design application.

#Islide shark tank episode professional#

Prior to appearing on Shark Tank the ISlide sandal had become popular among celebrities and professional ball players including Deion Sanders, Kobe Bryant, LeBron James, and dozens more. The gel cushioning supports the foot and absorbs the shock of movement.

The Waves model is not customizable but there are plenty of designs to choose from. The “Waves Gel” ISlide features a unique wave textured insole that creates the feeling of walking on water. They also offer a wide selection of pre-made designs including NBA team logos. The Mantra is ISlide’s customizable model that you can personalize with your own designs and text. It features an “RPL” egg crate insole that massages and cradles the foot. The original ISlide sandal design is called “the Mantra”. The folks at ISlide pride themselves on using only the finest materials and expert craftsmanship, with the goal of creating the most comfortable sandal on Earth. ISlide specializes in slide sandals, meaning sandals that are backless and open-toed so you can just slide your foot in. Founder Justin Kittredge pitches his company ISlide in the season 8 premiere of Shark Tank.