HYPD Footwear Slides -Featured On Shark Tank Season 15
Featured on Shark Tank
HYPD Footwear Slides
HYPD Footwear creates customizable slides designed for ultimate comfort and personal expression. Their patented footwear features adjustable straps and soles, allowing users to create their own trends.
Table Summary:
| Company Name | HYPD Footwear |
| Founders | Brian Mitzner |
| Founded | 2018 |
| Product | Customizable Footwear |
| Asked For | $125,000 for 5% equity |
| Final Deal | $100,000 + $250,000 line of credit for 25% equity with Barbara Corcoran |
| Episode | S15 E22 |
| Business Status | In Business |
| Headquarters | New York, New York, USA |
| Lifetime Worth (Sales) | Estimated $1.5M |
| Investors | Daymond John |
| Go To Amazon | Buy Now |
| Watch On | Amazon Prime |
Shark Tank Pitch
- Satisfaction Guaranteed
- No Hassle Refunds
- Secure Payments
Description
HYPD Footwear on Shark Tank
Founders:
- Marc Herzberger and Cheng Kue
Business:
- HYPD is a footwear and apparel brand that specializes in fully customizable, made-to-order slides.
- Their patented Slydr design features edge-to-edge printed straps that can be customized with any graphic, logo, pattern or artwork.
- The slides also have innovative features like an adjustable fit system and ultra-cushioned foam soles.
Pitch:
- HYPD founders sought $125,000 in exchange for a 5% equity stake, valuing the company at $2.5 million.
- They emphasized HYPD’s sustainable manufacturing process that is 98% zero-waste and uses vegan-friendly, recycled materials.
Shark Tank Deal:
- After trying the slides, the sharks were impressed with the comfort and customization options.
- Barbara Corcoran offered $100,000 cash plus a $250,000 line of credit in exchange for 25% equity, which the founders accepted.
Post-Shark Tank:
- HYPD experienced a significant boost in website traffic and sales following their Shark Tank appearance.
- The company continues to offer its customizable slides directly to consumers and through wholesale partnerships.
- HYPD has also secured licensing deals to offer slides featuring popular brands, sports teams, artists, and more.
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