Clever Pocket Merchandise Shark Tank Episode – Product Critiques and The place to Purchase
Wise Pocket Products, founded by Sofia Overton, made waves when it appeared on Shark Tank in Season 11, Episode 11. This innovative company offers pocketed socks and leggings, revolutionizing the way we carry essential items. Sofia’s pitch on the show caught the attention of investors, resulting in a successful deal and a surge in sales.
Are you curious to know more about Wise Pocket Products’ journey on Shark Tank? Interested in learning about the inspiration behind the brand and its features? Wondering where you can purchase these practical yet stylish products? We’ve got you covered!
Key Takeaways:
- Wise Pocket Products, founded by Sofia Overton, appeared on Shark Tank in Season 11, Episode 11.
- Sofia received a deal of $35,000 for 25% equity from Lori Greiner and Daymond John.
- The products feature innovative pockets that can securely hold cell phones and other essentials.
- For every pair of socks sold, Wise Pocket donates a pair to a child in need.
- Unfortunately, as of 2023, Wise Pocket Products is no longer in business.
The Inspiration Behind Wise Pocket Products
The idea for Wise Pocket Products was sparked by a simple observation. Sofia Overton, the visionary founder, noticed her cousin struggling to find a place to hold her cell phone due to the lack of pockets in her clothing. Determined to find a solution, Sofia embarked on a mission to create a hands-free carrying solution for phones.
At the tender age of 11, Sofia drew inspiration from the entrepreneurial spirit of Sam Walton and decided to take matters into her own hands. She envisioned a sock with a pocket large enough to securely hold a cell phone, allowing individuals to keep their essentials close at hand.
Over time, Sofia’s idea blossomed, and she expanded the product line to include leggings with built-in pockets as well. Her innovative designs aimed to provide practical and stylish options for people on the go.
Sofia’s journey was not without hurdles, but with the support of her parents and encouragement from various Arkansas organizations, she persevered. Her hard work paid off when she won the IdeaFame Pitch Competition, showcasing the immense potential of Wise Pocket Products.
Finally, Sofia successfully launched Wise Pocket Products through an Indiegogo campaign, garnering support from a community of individuals who shared her vision of accessible and functional everyday wear.
Through her determination, Sofia Overton turned a simple problem into a successful business venture that resonates with people from all walks of life.
Wise Pocket Products Founder, Sofia Overton
At just 11 years old, Sofia Overton had the entrepreneurial spirit and drive to create a solution for the need of pockets to hold cell phones. Her innovative thinking and determination led to the creation of Wise Pocket Products. As the mastermind behind the brand, Sofia’s passion and creativity enabled her to bring her vision to life.
| Founder | Product | Inspiration |
|---|---|---|
| Sofia Overton | Wise Pocket Products | Lack of pockets in clothing, hands-free phone carrying |
The Features and Benefits of Wise Pocket Products
Wise Pocket Products are known for their exceptional features and numerous benefits. Manufactured in North Carolina, these innovative products are available in a wide range of neutral and vibrant designs, making them suitable for all styles and preferences.
One of the key features of Wise Pocket Products is the strategically designed pockets incorporated into the socks and leggings. These pockets are spacious enough to securely hold cell phones, ensuring that users can carry their devices conveniently and hands-free. In addition to cell phones, the pockets can also accommodate other essential items such as EpiPens, diabetes devices, and inhalers, providing users with peace of mind and easy access to their necessities.
Furthermore, Wise Pocket Products come in various sizes and colors, further enhancing their versatility. Customers can choose from a range of sizes to find the perfect fit, ensuring optimal comfort and functionality. The diverse color options cater to different style preferences, allowing individuals to express their unique personalities while enjoying the benefits of Wise Pocket Products.
It is worth noting that Wise Pocket Products not only offer practical functionality but also contribute to a greater social cause. For every pair of socks sold, the company donates a pair to a child in need. This philanthropic aspect adds an extra layer of meaning and impact to the Wise Pocket Products brand, making it a rewarding choice for conscientious consumers.
Wise Pocket Products Features and Benefits
| Features | Benefits |
|---|---|
| Strategically designed pockets | Convenient and hands-free storage for cell phones and essential items |
| Available in various sizes and colors | Perfect fit and style customization |
| Philanthropic initiative | Donation of a pair of socks to a child in need for every pair sold |
The Shark Tank Pitch and Deal
Sofia Overton, the founder of Wise Pocket Products, took the stage on Shark Tank to pitch her innovative product. Seeking an investment of $30,000 for 15% equity, Sofia aimed to secure a deal that would propel her business to new heights.
During her pitch, Sofia highlighted the problem that Wise Pocket Products solves – the lack of pockets in clothing. She showcased the versatility and functionality of her pocketed socks and leggings, which were specifically designed to hold cell phones and other essential items securely.
Sofia’s initial company valuation stood at $200,000, reflecting the potential of Wise Pocket Products in the market. The Sharks, Lori Greiner and Daymond John, were intrigued by the concept and recognized the value the product could bring to consumers.
Lori and Daymond made a joint offer of $30,000 for 33.3% equity in Wise Pocket Products. However, Sofia believed in the potential of her business and countered their offer, requesting more money to fuel her growth plans.
After negotiation and careful consideration, Sofia and the Sharks reached a final deal. Lori and Daymond invested $35,000 for 25% equity, resulting in a final valuation of $140,000 for Wise Pocket Products.
The deal with Lori Greiner and Daymond John was officially closed in the two months following the initial air date of the “Wise Pocket Products” episode on Shark Tank.
Summary of the Wise Pocket Products Shark Tank Pitch and Deal
| Founder | Product | Valuation | Investment | Equity |
|---|---|---|---|---|
| Sofia Overton | Wise Pocket Products | $200,000 | $35,000 | 25% |
With the support and expertise of Lori Greiner and Daymond John, Wise Pocket Products was well-positioned to capitalize on the exposure and resources gained from the Shark Tank experience.
Success and Expansion After Shark Tank
The appearance of Wise Pocket Products on Shark Tank proved to be a turning point for the company. The exposure and positive reception on the show propelled the success of the business and opened doors for expansion opportunities.
Following its Shark Tank debut, Wise Pocket Products experienced a significant boost in sales, with reported figures reaching around $300,000. This surge in demand showcased the market’s interest in the innovative pocketed socks and leggings.
Building on their initial success, Sofia Overton, the founder of Wise Pocket Products, envisioned expanding the product line beyond just socks. To cater to a wider audience, Wise Pocket Leggings were introduced, offering the same practical functionality with convenient pockets. Additionally, the company introduced new versions of their popular socks, including Tweed and Hawaiian styles, to diversify their product offerings.
By broadening their range of products, Wise Pocket Products aimed to meet the different preferences and needs of their growing customer base. The expansion into leggings and the introduction of new sock styles demonstrated the company’s commitment to continuous innovation and improvement.
With the success of their appearance on Shark Tank and the subsequent expansion efforts, Wise Pocket Products further solidified their presence in the market and continued to make strides towards their mission of providing functional and stylish solutions for carrying essentials.
Current Status of Wise Pocket Products
Unfortunately, as of 2023, Wise Pocket Products is no longer in business. The company’s website is not active, and their social media accounts have not been updated since 2020. The products are also reportedly not available for sale on any platforms, including Amazon. It is unclear what led to the closure of Wise Pocket Products.
| Current Status | Details |
|---|---|
| Website | Not active |
| Social Media | Not updated since 2020 |
| Product Availability | Not available for sale on any platforms |
Wise Pocket Products Update from Second Source
Sofia Overton, the young entrepreneur behind Wise Pocket Products, made waves when she appeared on Shark Tank at the age of 13. With her innovative product and captivating pitch, she managed to secure a deal with the renowned investors Lori Greiner and Daymond John. However, recent updates suggest that Wise Pocket Products has ceased operations, leaving behind an inspiring story of entrepreneurial ambition and triumph.
When Sofia first conceptualized Wise Pocket Products, she recognized the need for functional pockets in everyday clothing items. Inspired by her cousin’s struggle to find a secure place for her cell phone, Sofia designed pocketed socks and later expanded her product line to include leggings. Her entrepreneurial journey began with a successful Indiegogo campaign and eventually led her to the Shark Tank stage.
The Wise Pocket Products Shark Tank episode aired in Season 11, Episode 11, captivating viewers with Sofia’s determination and innovative solution. Her pitch sought a $30,000 investment in exchange for a 15% equity stake. The final deal, brokered by Lori Greiner and Daymond John, came in at $35,000 for 25% equity, valuing the company at $140,000. Wise Pocket Products received positive reviews and experienced a significant boost in sales following the Shark Tank appearance.
Unfortunately, despite the initial success and positive reception, Wise Pocket Products has since closed its doors. The company’s website is no longer active, and its social media accounts have remained stagnant since 2020. The once-promising socks and leggings designed to hold cell phones are now unavailable for purchase anywhere.
While the reasons for Wise Pocket Products’ closure remain unknown, Sofia Overton’s entrepreneurial journey serves as an inspiration to aspiring young business owners. Her appearance on Shark Tank showcased her determination and ability to secure a deal with industry experts. Although Wise Pocket Products may no longer be available, Sofia’s story stands as a testament to the power of entrepreneurship and the pursuit of innovative solutions.
Wise Pocket Products Features and Market Interest
Wise Pocket Products was created to address the common problem of the lack of pockets in clothing, particularly when it comes to carrying cell phones. The ingenious solution was to design socks and leggings with specially crafted pockets that securely hold larger-sized cell phones and other small items. With Wise Pocket Products, you can say goodbye to the inconvenience of constantly searching for a place to keep your essentials while on the go.
Aside from their practical functionality, Wise Pocket Products also caught the attention of customers with their commitment to making a positive impact. For every pair of socks sold, Wise Pocket donates a pair to a child in need, allowing customers to contribute to a charitable cause with their purchase.
Since their appearance on Shark Tank, Wise Pocket Products has received significant market interest, evident in the surge of initial sales. Customers not only appreciate the convenience and quality of the products but also resonate with the company’s mission to make a difference in the lives of children.
To illustrate the range of Wise Pocket Products features and the broad market interest they garnered, let’s take a look at the following table:
| Product | Features | Market Interest |
|---|---|---|
| Socks | – Secure pocket for cell phones and other items – Available in various sizes and designs |
– High demand, especially among active individuals and tech-savvy consumers – Positive customer reviews and testimonials |
| Leggings | – Built-in pocket for smartphones and small accessories – Stylish and comfortable |
– Growing popularity in the athleisure market segment – Strong social media presence and influencer endorsements |
The Sharks’ Deal with Wise Pocket Products
Lori Greiner and Daymond John, two prominent investors on Shark Tank, were intrigued by Sofia Overton’s pitch for Wise Pocket Products. They made a joint offer of $30,000 for 33.3% equity in the company, valuing Wise Pocket Products at $90,000. However, Sofia wanted a higher investment and countered with a request for $35,000 for 25% equity, resulting in a valuation of $140,000.
After some negotiation, Lori and Daymond agreed to Sofia’s counteroffer, ultimately sealing the deal at $35,000 for 25% equity. This strategic partnership with the Sharks provided Wise Pocket Products with the necessary capital to expand their business and reach a wider audience.
| Investor | Offer | Equity | Valuation |
|---|---|---|---|
| Lori Greiner | $35,000 | 25% | $140,000 |
| Daymond John | $35,000 |
Wise Pocket Products Update from Third Source
According to the latest information, Wise Pocket Products has unfortunately ceased operations since its appearance on Shark Tank. The company’s website is no longer active, and their social media accounts have not been updated since 2020. Additionally, Wise Pocket Products’ products are no longer available for purchase anywhere. While the specific reasons for the closure remain unknown, it is evident that the company is no longer in business.
This update is disappointing news for fans and customers of Wise Pocket Products who appreciated their innovative pocketed socks and leggings. The closure of the company means that the once-popular products, known for their practicality and style, are no longer accessible to consumers.
It is important to note that entrepreneurship can be challenging, and not every business venture achieves long-term success. Despite the closure of Wise Pocket Products, it is worth recognizing the efforts and achievements of Sofia Overton, the founder, in creating a product line that garnered interest and secured a deal on Shark Tank. Though Wise Pocket Products is no longer in operation, its presence on the show and the positive impact it made on its customers’ lives will not be forgotten.
FAQ
What is Wise Pocket Products?
Wise Pocket Products is a company that sells socks and leggings with large pockets designed to securely hold cell phones and other small items.
Who is the founder of Wise Pocket Products?
Wise Pocket Products was founded by Sofia Overton.
What happened to Wise Pocket Products after appearing on Shark Tank?
Unfortunately, Wise Pocket Products is no longer in business. The website is down, social media has not been updated since 2020, and the products are not available anywhere.
What was the deal made with the Sharks on Shark Tank?
Sofia Overton secured a deal with Lori Greiner and Daymond John for ,000 in exchange for 25% equity in Wise Pocket Products.
What were the features and benefits of Wise Pocket Products?
Wise Pocket Products had large pockets that could securely hold cell phones and other small items. They were available in different sizes and colors and also contributed to a social cause by donating a pair of socks to a child in need for every pair sold.
What led to the closure of Wise Pocket Products?
Specific reasons for the closure of Wise Pocket Products are unknown.
What was the market interest in Wise Pocket Products?
The appearance on Shark Tank generated significant interest in Wise Pocket Products, leading to a surge in sales.
What was the Sharks’ deal with Wise Pocket Products?
Lori Greiner and Daymond John made a joint offer of ,000 for 25% equity in Wise Pocket Products.
Is Wise Pocket Products still available for purchase?
No, Wise Pocket Products is currently not available for purchase as the company is no longer in business.
What is the current status of Wise Pocket Products?
Wise Pocket Products is out of business, with the website deactivated and no updates on social media since 2020.
What were the updates from the second source regarding Wise Pocket Products?
The second source provided information about Wise Pocket Products’ appearance on Shark Tank and the deal with the Sharks.
What were the updates from the third source regarding Wise Pocket Products?
The third source confirmed that Wise Pocket Products is no longer in business, with the website down and no recent activity on social media.
The post Wise Pocket Products Shark Tank Episode – Product Reviews and Where to Buy appeared first on Zac Johnson.
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