Xero Shoes did not get an investment from the Sharks.
Courtesy of xeroshoes.com
1. A great product if you're into barefoot running movement, but don't want to risk cutting your feet.
2. Save money by replacing traditional running shoes with a shoe that last 5000 miles.
3. Xero Shoes are a 21st century update on the traditional huaraches running sandal.Buy this product at xeroshoes.com →
CRAZY CRAZY CRAZY VALUATION!
Kevin's offer of $400,000 for 50% isn't far off the mark for once. I firmly believe they could have fielded several other offers had they offered a reasonable amount of equity instead of 8%.
The runners market is big business, and the barefoot running movement is gaining speed. But the problem is urban runners have zero desire to run barefoot down their city streets, so what are they to do?
Robert's endorsement of their product, after trying the shoes out, speaks volumes, since he's an older runner and needs to take better care of his knees. But with that evaluation - there's no way they could have expected to get an offer!
Best of luck to them, though ;)
Lena Phoenix & Steven Sashen