What Happened To Wise Pocket Socks After Shark Tank?
Wise Pocket Socks After Shark Tank Update: Welcome to Wise Pocket’s world! Have you ever had trouble carrying along the things you needed? Wise Pocket, fortunately, has the solution you’re looking for. With the help of this cutting-edge tool, you can Keep your phone, keys, and wallet in one place for easy access.
What Is Wise Pocket Socks?
Wise Pocket Socks are a fashionable and innovative solution for a prevalent issue. In situations when individuals lack pockets in their jeans or t-shirts, the use of Wise Pocket Socks becomes a viable option for keeping multiple devices and important items such as mobile phones and epi-pens.
Pros
- Designed for sports
- A sturdy polyester mix of nylon, cotton, and spandex makes each sock.
- Kids outgrow socks so rapidly that a one-size-fits-all solution is ideal.
- 6″ deep pocket holds many things.
- Each purchase gives a homeless child socks.
- Provide elegant and casual designs
- Affordable
- Machine washable
Cons
- Limited selection
- The socks may be tight for those with thicker calves.
Who Is The Founder Of WisePocket Socks?
Bentonville native and “entrepreneur” Sofia Overton, age 14, created the company Wise Pocket Socks. In 2017, she witnessed her cousin’s unsuccessful attempts to store her phone in her boots due to the lack of pockets in her pants.
After experiencing similar discomfort, Sofia set out to design socks with built-in storage solutions.
Sofia Overton ran an IndieGoGo crowdfunding campaign and raised $10,000. She used the money to launch her business and has already made $16,000. She went on “Shark Tank” because she needed advice and funding to expand her business.
Know About the Wise Pocket Shark Tank Update
Following the broadcast of this particular episode of the TV show Shark Tank, there was a notable jump in the sales of socks associated with the featured brand.
Nevertheless, there was a lack of significant progress in sales later in that period. Presently, it is evident that this enterprise stopped doing business.
Pocket Socks Shark Tank Update
| Company Name | Wise Pocket | |
| Founder | Sofia Overton | |
| Founded | 2013 | |
| Product | The Original Sock with a Pocket | |
| Asked For | $30k for 15% equity | |
| Final Deal | $35k for 25% equity | |
| Shark | Lori Greiner and Daymond John | |
| Pocket Socks Shark Tank Episode | S11 E11 | |
| Air Date | Jan 12, 2020 | |
| Business Status | Out of Business | |
| Headquarters | Solana Beach, California, US | |
| Pocket Socks Net Worth | $1M *Estimated | |
| Pocket Socks Instagram | View Profile | |
| GO TO AMAZON | View Product | |
Another Shark Tank Pitch:
Wise Pocket Socks on Shark Tank Pitch
Sofia appeared on Shark Tank, a show she had been a fan of since she was six years old, in the eleventh season, episode 11. She was determined to make her company a “real” business.
She wanted $15,000 for a 15% ownership in her company (at the time worth $30,000). Sofia has requested monetary support so that she can increase her output.
The fact that she had sponsored the company with her own money also won over the Sharks.
Daymond and Lori finally put in an offer of $30,000 for 33% of the business. In response, Sofia offered the Sharks $35,000 in exchange for a 25% ownership in the business.
Wise Pocket After Shark Tank
The partnership with Lori and Daymond was successful, and sales of Wise Pocket Socks have skyrocketed in the wake of the show’s airing.
The Wise Pocket Socks may be purchased from a few major online stores, including Amazon.
Additionally, Sofia debuted the socks in a Tweed pattern and a Hawaiian print.
She’s also striving to expand the product line and is planning to include Wise Pocket Leggings very soon. It’s very certain that these fashions will be here to stay for a while.
Wise Pocket Socks Net Worth
WisePocket’s net worth is believed to be about $1 million. The concept of pocket socks has a long-standing history in the business world, with several enterprises engaged in the manufacture and sale of such products. Achieving success in this industry is quite difficult for a newly launched brand.
Is Wise Pocket Socks Still In Business?
The WisePocket website appears to be inactive and redirecting, leading us to believe that the company is no longer in business in the year 2023. We promise to keep you informed of any developments.
Wise Pocket Socks Competitors
- Strideline
- Randy Sun
- Bambos
FAQs:
Sofia Overton, a fourteen-year-old entrepreneur from Bentonville, is the inventor of Wise Pocket Socks.
WisePocket net worth is about $1 million.
No, Pocket Socks is not still in business.
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