The licensing play hasn’t really materialized, but the company is still in business and is on the shelves at Bed Bath & Beyond, Amazon and dozens of mom and pop stores across the country. Annual revenue is $3 million.
So you’re saying Daymond snaked them for a third of their company just to not get licensing? I would have asked for a contingency that the licensing gets done for a third otherwise it drops to 25
Wasnt it FUBU he started? He tries to make deals with clothing because it his "specialty". His name attached to another clothing brand can bring more profit
I am a femtech sock prototyper and I would 💕 to partner with a shark to mass produce my designs, but they make me nervous and these deals never "feel" good. I heard Daymond's licensing deals never came through, but these socks are in Lori's retailers.
Did anyone notice at 2:03 that he has his fingers wrapped around the sock preventing Lorie from pulling it and essentially ensuring his sock doesn't come off?
Seen this kind of socks in 90s from South Korea same marketing for kids unfortunately during 1997 Financial Crisis in Korea half of companies country bankrupted during that period
wtf does that have anything to do with anything. You don’t know if she wanted one and couldn’t have one. Many women including myself struggle with that. Shame on you
I love this product and this nice couple. I don't even have kids and want to buy these socks lol. I just hope Damon doesn't have it made by the cheapest, cheap, cheap manufacturer and the quality goes down the tube like happened with Bombas socks. Will definitely buy for any baby shower I go to.
Oh, the poor mom who has to actually look for a sock! It must be be devastating! I mean, to actually get up and use your eyes to locate a sock! OH! THE AGONY! Stupid product that uses more plastic based materials that we do not need in our environment!
Pretty sure it's less about that And more about randomly noticing your child with only one sock on. Maybe when you're out & about running errands. That's how I look at it. But you could be right as well.
@@Moneyovertruth it takes 5 minutes to look for a sock. Been there done that. You figure the cost to buy new socks and the time it takes to drive to the store and the gas being used you are actually saving money. Your logic makes no sense.
What a bad idea. I don‘t understand how the company is doing so much annually. That‘s just another thing for babies/toddler to not learn and experience with the motion, thought process and action practice to interact with their clothes. Everything especially in the years 0-3 they should do everything imaginable that helps to learn simple things.
"Don't break her leg, Lori! This is a real baby, ya know?"
🤣🤣
5:11 Kevin, wearing the baby sock on his hand, holding his pen, directing advice around the room. I’m dead.😂
🤣
That is why he is Mr. Wonderful.
The licensing play hasn’t really materialized, but the company is still in business and is on the shelves at Bed Bath & Beyond, Amazon and dozens of mom and pop stores across the country. Annual revenue is $3 million.
So you’re saying Daymond snaked them for a third of their company just to not get licensing? I would have asked for a contingency that the licensing gets done for a third otherwise it drops to 25
So with that being said... do you think Daymond was the right Shark for the deal?
@@CNBCAmbitionno. Daymond never is the right shark. Barbara might be better.
@@mohamedsheikh9664barb is trash unless your selling your house
Damon worked pretty hard for them to get $3 million annually. Robert probably couldn't have done that.
That was a very smart investment by Daymond. This sock is still killing it in 2023!
I knew they were going to pick Daymond the fashion industry is his specialty.
True! But we cannot deny Robert made a convincing offer.
@@CNBCAmbitionnot really.. 40 was too high.
@@RaeBattleRapsMoodhe also offered 125k for 30. 3% lower than daymnonds. You must have missed that one
Daymond is in fact, the sock King
You wrong! Very wrong. The real sock 🧦 👑 king is Mr 🌐 Global Peter Jones 🇬🇧
And the entrepreneurs knew that!
@@CNBCAmbition Peter Jones is 10X better than D. And 2nd best shark 🦈 after Mark Cuban. # 1 Dragoon 1⃣ 🐲
Wasnt it FUBU he started? He tries to make deals with clothing because it his "specialty". His name attached to another clothing brand can bring more profit
They made the right deal with the right partner. Honestly I’m surprised it hasn’t blown up further via licensing
Gotta love their presentation.
Man, I love seeing Daymond get deals, and he’s also the best Shark for them. Congratulations!
You're only saying this coz you're a man of color. Otherwise he's the worst shark to make a deal with
What is your favorite deal Daymond secured? Let us know. We might feature it in our next video!
@@CNBCAmbition My favorite was Bubba's Boneless Ribs!
@@BlueSlipperFishingdidnt he sue them for defamation?
@@anthonyhca yup 😂
These guys were so great that i want to buy these socks...and i don't even have kids.
That's so funny. I thought I was crazy for thinking the same thing! Adorable pitch and an adorable couple with a great product ❤
Great job and great decision you two!
I cannot imagine those feel good sensory wise.
I don't like this 5 minute shark tank
I am a femtech sock prototyper and I would 💕 to partner with a shark to mass produce my designs, but they make me nervous and these deals never "feel" good. I heard Daymond's licensing deals never came through, but these socks are in Lori's retailers.
Crazy there was even a debate. Obviously Daymond is the best shark for this.
Did anyone notice at 2:03 that he has his fingers wrapped around the sock preventing Lorie from pulling it and essentially ensuring his sock doesn't come off?
He re gripped after she pulled
After she pulled hard he gripped it
Seen this kind of socks in 90s from South Korea same marketing for kids unfortunately during 1997 Financial Crisis in Korea half of companies country bankrupted during that period
I need this lol I couldn’t tell you how many I matching socks my son got lol
At first I cringed...but this
This is how you pitch, add some fun to it
1:59 what a sociopath
The company is now worth 1.2 billion.
I like how he admits to being a Beta Squid
I mean...do socks get lost because they get pulled off? Or because they get lost in the wash?
babies and toddlers take them off in random places
Unfortunately Damon has a terrible track record with other shark deals
Bombas has sold more than any other product on shark tank. They all win some, lose some.
Daymond was the right person. Licence it out could be a big money spender
my god Lori was vicious with the baby. i guess it makes sense since she doesn't have any kids.
wtf does that have anything to do with anything. You don’t know if she wanted one and couldn’t have one. Many women including myself struggle with that. Shame on you
@@bmmm23the way she pulled that sock, she doesn't deserve one.
While this a great idea however, it won't last long. I don't many parents would spend more on pair of sucks so they wouldn't get lost.
THIS SOCKS
do we have a count on how many times DJ has thrown LG under the buss?
Where's Squidward and Sponge BoB Square pants.
SQUID SOCKS?!?!?! Teehee 🤭
Is Daymond ok? Something seems off physically.
Is there really an epidemic of socks falling off kids feet? Really?
Daymond did a very fair and genoris deal
🎉. He is the fashion king 🤴
generous
Damond. The snake shark
Why do such products exist?
They dont solve a real problem..
stupid idea
kids take their socks off because they are hot!!!!
why stop them cooling down
madness
It could -17 degrees my kid takes his socks off anyway because he simply hates them 😂
I love this product and this nice couple. I don't even have kids and want to buy these socks lol. I just hope Damon doesn't have it made by the cheapest, cheap, cheap manufacturer and the quality goes down the tube like happened with Bombas socks. Will definitely buy for any baby shower I go to.
Robert is the WORST person to do business with.
After what I've seen its actually Daymond rn
@@Rapha_YadaFarmswhat have you seen?
@@unidentifiedindividual The lawsuit
@@unidentifiedindividual The boneless rib guy is suing Damon for ripping him off.
@@theblackflame4002whaaaaaa
Oh, the poor mom who has to actually look for a sock! It must be be devastating! I mean, to actually get up and use your eyes to locate a sock! OH! THE AGONY! Stupid product that uses more plastic based materials that we do not need in our environment!
Pretty sure it's less about that And more about randomly noticing your child with only one sock on. Maybe when you're out & about running errands. That's how I look at it. But you could be right as well.
Time is money mfer
@@Moneyovertruth it takes 5 minutes to look for a sock. Been there done that. You figure the cost to buy new socks and the time it takes to drive to the store and the gas being used you are actually saving money. Your logic makes no sense.
I like it
@@PotentialGrim 🥳🎉
Boring boring. I’d not invest a penny in this product
I can’t stand this show and the dorky presentations.
What a bad idea. I don‘t understand how the company is doing so much annually. That‘s just another thing for babies/toddler to not learn and experience with the motion, thought process and action practice to interact with their clothes. Everything especially in the years 0-3 they should do everything imaginable that helps to learn simple things.
Guess you never had kids
It’s just a sock that sticks to the baby