Press "Enter" to skip to content

What Happened to Wise Pocket Socks After Shark Tank?

0

Welcome to the world of Wise Pocket! Have you ever found yourself struggling to carry your essentials with you on the go? Well, Wise Pocket has the solution for you! This innovative product allows you to conveniently store and access your phone, keys, and wallet all in one compact, wearable pocket.

Say goodbye to bulky bags and hello to freedom of movement. Let’s dive into the Shark Tank update to see how Wise Pocket has been doing.

Wise Pocket Socks are a trendy solution for a very common problem. When one does not have any pockets in their pants or t-shirt, they can use these Wise Pocket Socks to hold their accessories and essentials like mobile phones, epi-pens, etc.

Wise Pocket Socks have proven to be of great help to people who want their hands to be free. The socks used to come in White and Splatter but now, to match the ever-growing fashion, the product is available in Tweed and Hawaiian socks as well. The product is available on Amazon and various other online stores.

Pocket Socks at a glance:-

Business IdeaWise socks with pockets
FoundersSofia Overton
Asked For$30,000 for 15%
Accepted Deal$35,000 for 25% equity
SharksLori Greiner and Daymond John
Business statusIn Business
WebsitePocketsocks
Episode NoSeason 11, Episode 11
Buy on AmazonBuy Now!

Index

Who is the founder of Wise Pocket Socks?

Sofia Overton, a fourteen-year-old “kidtrepreneur” from Bentonville, is the founder of Wise Pocket Socks. Back in 2017, she saw her cousin struggling to put her mobile phone in her boots because she did not have any pockets in the trouser. When Sofia tried the same, she felt that it was really uncomfortable to do so and decided to devise socks that can hold necessary items.

She raised $10,000 from a crowdfunding campaign she did through IndieGoGo. It was a good help to start her business and she earned $16,000 before appearing on Shark Tank. She just wanted some expertise and financial aid to grow her business and she entered Shark Tank for the same.

Did Wise Pocket Socks get a deal on Shark Tank?

Sofia entered with Wise Pocket Socks in season 11 episode 11 of Shark Tank. She demonstrated her product and the sharks really liked the idea and a teenager’s creativity. They were impressed with the revenue as well. Sofia pitched for $30,000 for 15% of the equity.

See also  Hug Sleep: What Exactly Happened After Shark Tank?

Lori Greiner and Daymond John offered her $30,000 for 33.33% and she countered with $35,000 for 25% equity. They accepted the deal and Sofia’s get one step ahead on the success ladder.

What happened to Wise Pocket Socks after Shark Tank?

The deal with Lori and Daymond came through and Wise Pocket Socks have been doing great in the market since the show aired. Wise Pocket Socks are available for sale on Amazon and other big online stores.

Sofia launched the Tweed and Hawaiian versions of the socks as well. She is also working to widen the range of products and she will pretty soon launch Wise Pocket Leggings too. It is safe to say that these trendy wears are going to stay in the near future.

In 2023, our team’s recent check on the WisePocket website seems it’s not active and redirecting these days, mostly it seems they are not in business now. We will keep you posted with new updates.

Competitors of Wise Pocket Socks:

Few competitors of Wise Pocket Socks are:-

  • Strideline
  • Randy Sun
  • Bambos

What is the net worth of Wise Pocket Socks?

At the time of the shark tank appearance, Wise Pocket Socks was valued at around $140,000.

Is Wise Pocket Socks still in business?

Yes, Wise Pocket Socks are still in business and are doing great at that. The product will stay in the market in the near future as well. In 2023, our team’s recent check on the WisePocket website seems it’s not active and redirecting these days, mostly it seems they are not in business now. We will keep you posted with new updates.

Do Share Your Thoughts:

Do tell us all your thoughts in the comments section below, we look forward to reading all the comments in the section below.

Also, do check our Startup Resources section, and don’t forget to join our weekly newsletter 📰 which contains pure startup and business wisdom and no bullshit!!

Related Articles:

What is Pocket Socks?

Wise Pocket Socks are a trendy solution for a very common problem. When one does not have any pockets in their pants or t-shirt, they can use these Wise Pocket Socks to hold their accessories and essentials like mobile phones, epi-pens, etc.

Who founded Pocket Socks?

Sofia Overton, a fourteen-year-old “kidtrepreneur” from Bentonville, is the founder of Wise Pocket Socks. Back in 2017, she saw her cousin struggling to put her mobile phone in her boots because she did not have any pockets in the trouser.

Leave a Reply

You cannot copy content of this page