Last into the tank is sockTABs seeking $50,000 for 20 percent equity.
Presenting their product as a sock puppet “love story,” they tell the story of losing socks to the Sock Monster a.k.a. the washer.
The product is a tab that is placed on one sock while wearing and before putting them into the hamper, attaches to the other sock. They ave sold over $20,000 in about six months.
I was looking and found my son's socks a couple of weeks ago. This is a powerful idea! Loved her testimony #Socktabs #SharkTank
— Melanie Williams (@MelanieSpeaks7) November 21, 2015
Not only do they keep socks from getting lost, but can also be used as a fashion accessory with fun designs such as basketballs.
Lori Greiner says there are just way too many other players in the market and goes out. Robert Herjavec sees the power and benefit in Tracy, one of the entrepreneurs, and goes out.
Daymond John makes money by “losing socks” so he goes out too. Mark Cuban likes the entrepreneurs themselves but doesn’t want to be involved in the sock businesses. He goes out.
My daughter is convinced there is a sock stealing elf in our house. And I believe her. #socktabs #SharkTank
— Barbara Corcoran (@BarbaraCorcoran) November 21, 2015
Kevin O’Leary doesn’t like that Tracy and her husband are not full time, but she says she is willing to do whatever it takes. However, he goes out.
John quickly jumps back in with $50,000 for 30 percent, contingent on Bambas getting on board, and they accept.
Wow, I've never seen a shark call someone back. That was so sweet, Daymond. #SharkTank
— NotReality (@NotReality) November 21, 2015
Final deal: Daymond John for $50,000 for 30 percent.
Read more: Shark Tank: PiperWai Natural Charcoal Deodorant Earns Investment From Barbara Corcoran for $50,000