OneSole is a revolutionary shoe concept that was featured on episode 9 of Season 2 of Shark Tank. OneSole offers customers a customizable footwear option that allows them to mix and match different shoe tops with a single sole.
The shoe tops attach to the sole through a Velcro system, enabling users to easily switch up their style by changing the top part of the shoe.
The product features a wide range of interchangeable tops in various designs, colors, and materials, catering to different fashion preferences and occasions.
From casual everyday looks to more sophisticated and formal styles, OneSole offers versatility and flexibility in creating personalized footwear.
Its approach not only allows individuals to express their unique style but also provides practicality by saving space and costs associated with owning multiple pairs of shoes.
OneSole shoes are designed for comfort and convenience, ensuring a comfortable fit and easy customization. The Velcro attachment system is secure and reliable, offering a snug fit while making it effortless to swap out the tops whenever desired.
With its fashion-forward design and functional features, OneSole makes a great choice for individuals who value both fashion and functionality in their footwear.
The net worth of OneSole is estimated to be $3 million, which shows the brand’s growth after its appearance in season 02 of Shark Tank.
OneSole stands out as a standout product in the footwear industry due to its customizable nature, ease of use, comfort, and style versatility.
Whether you’re looking for a fun way to express your fashion sense or seeking practicality in your shoe collection, OneSole provides a unique solution that combines innovation with fashion-forward design.
Company Name | OneSole |
Founder | Dominique McClain Barteet |
Product / Business | Shoes with interchangeable soles |
Investment Asking For | $500,000 for 20% equity in OneSole |
Final Deal | $500,000 for 35% equity in OneSole |
Shark | Daymond John |
Episode | Season 2, Episode 9 |
Business Status | In Business |
Website | Visit Website |
Net Worth | $3 Million |
OneSole and Its Founder
OneSole is a brand that offers a range of soles that can be mixed and matched with different tops, providing style, comfort, and convenience. The shoes are designed to allow the wearer to easily snap on and off different soles and tops, making them versatile and practical choices for people on the go.
The brand includes various tops with prints and designs, signature soles in different styles for both children and adults, as well as accessories and travel wear.
OneSole simplifies packing by consolidating multiple shoe options into one, offering more versatility with less luggage space. The brand aims to combine functionality with fashion, providing a unique and customizable footwear experience.
OneSole is a footwear brand known for its innovative interchangeable shoes with customizable tops, allowing wearers to create multiple looks with a single pair of shoes.
The founder of OneSole is Dominique McClain Barteet, a pharmacist turned entrepreneur who developed the concept out of her personal need for versatile footwear while traveling.
OneSole was born out of Barteet’s frustration with the difficulty of packing multiple pairs of shoes for her travels. This challenge led her to envision a single shoe design that could be customized with interchangeable tops to suit various styles and occasions.
By creating a shoe that could adapt to different looks with ease, Barteet aimed to solve the packing dilemma faced by many travelers and fashion-conscious individuals.
Barteet’s background in pharmacy and her passion for fashion and innovation converged in the creation of OneSole.
Through research and experimentation with various materials and designs, she developed a comfortable and durable shoe base that could seamlessly accommodate different tops.
It offered a practical solution for consumers seeking convenience and style in their footwear while also meeting their own needs for versatile footwear.
Starting from humble beginnings, Barteet initially sold OneSole shoes from the trunk of her car and at local craft shows.
As the brand gained traction and popularity, she expanded sales through a store and an online platform. The success of OneSole prior to its appearance on Shark Tank demonstrated the market demand for innovative and practical footwear solutions.
Barteet’s appearance on Shark Tank provided a significant platform to showcase the unique features of OneSole and attract potential investors.
The positive reception and interest from investors like Daymond John validated the appeal and viability of the product in the market.
Despite facing challenges and negotiations during the pitch, Barteet’s determination and vision for OneSole paved the way for its continued growth and success in the footwear industry.
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OneSole Shark Tank Pitch
OneSole is a unique interchangeable shoe brand founded by Dominique McClain Barteet, a female entrepreneur with a background in pharmacy. Dominique was frustrated by the fact that she had to buy multiple pairs of the same shoes in different colors.
She developed the concept of interchangeable shoe tops through trial and error, aiming to provide women with a versatile and travel-friendly footwear solution.
During the Shark Tank pitch, Dominique sought a $500,000 investment in exchange for a twenty percent stake in the company.
The Sharks were impressed by the innovative product and the company’s achievements, including gross sales of over $20 million in the last four years and presence in two thousand stores across thirty countries.
The Sharks’ views on the product varied, with some expressing interest in investing. Robert offered $100,000 for a ten percent equity share, while Kevin Harrington and Daymond each made separate offers.
Kevin O’Leary proposed a significant share in exchange for the investment, which Dominique rejected.
Ultimately, Dominique accepted Daymond’s offer of $500,000 for a thirty-five percent equity share, forming a partnership to take OneSole to the next level.
- Barbara: Found the shoes to be extremely comfortable and referred to them as ‘heaven.’
- Kevin Harrington: Liked the product and expressed interest.
- Daymond: Believed in OneSole as a brand and did not feel the need for additional partners, offering the desired investment amount.
- Kevin O’Leary: Found the OneSole shoes interesting but questioned the company’s valuation and proposed a significant share in exchange for the investment, which the founder rejected.
Shark’s Name | Investment Offered | Counter Offer by Founder | Offer Accepted by Founder |
Robert | $100,000 for 10% | $500,000 for 20% | – |
Kevin Harrington | – | – | – |
Daymond | $500,000 for 35% | – | $500,000 for 35% |
Barbara | – | – | – |
Kevin O’Leary | – | – | – |
The Sharks appreciated the comfort and innovative design of the OneSole shoes, with Barbara declaring them as ‘heaven’ and Kevin Harrington expressing his liking for the product.
Daymond believed in the brand and offered the desired investment amount, emphasizing his confidence in OneSole’s potential.
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OneSole After Shark Tank
After appearing on Shark Tank and securing a deal with Daymond John, OneSole experienced significant growth and expansion under Dominique McClain Barteet’s leadership.
The exposure and partnership propelled the company to new heights, with global acceptance and an annual revenue of $6 million.
Despite considerations of selling the company, OneSole continued to thrive, expanding its product line to include accessories and travel wear.
Collaborations with other Sharks, such as Lori Greiner, further boosted the brand’s visibility. OneSole Shoes remain available for purchase on platforms like Amazon, showcasing its enduring success and evolution in the marketplace.
Currently, OneSole is still in business and thriving, with an estimated net worth of $3 million. The company has continued to evolve and adapt to the changing market landscape.
OneSole maintains high repeat purchase rates by focusing on customer satisfaction and offering high-quality products that prioritize comfort and style.
OneSole’s post-Shark Tank’s success is largely due to its commitment to improving its digital presence and customer experience. The brand has revamped its website for a more seamless online shopping experience and diversified its sales channels to include retail stores nationwide.
Despite the initial challenges, OneSole’s perseverance and dedication to innovation have paid off, positioning the brand as a success story in the competitive footwear market.
With a strong emphasis on quality, versatility, and customer satisfaction, OneSole continues to cater to diverse customer preferences with a broad range of styles and designs.
The brand’s success in securing partnerships, expanding its market presence, and maintaining a loyal customer base indicates a healthy financial standing.
OneSole’s journey after Shark Tank exemplifies the power of innovation, strategic execution, and a customer-centric approach in driving business growth and success.
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