Founded by Lisa Nguyen and Duc Nguyen, Baubles and Soles is a company that makes shoes for children, which feature interchangeable baubles. The bauble attachments are made of 95% soybean oil and 5% soy wax. The shoes are available in several colors and sizes. They are also cruelty free and vegan. They are available for $49. They are also available on Amazon.
Lisa and Duc Nguyen founded Baubles and Soles in 2017. Their products have gained a lot of attention and they have received numerous awards. They have also appeared on the television show Shark Tank. Since their appearance on the show, their sales have increased substantially. They have sold over $150,000 worth of shoes in the past year, and they are projected to sell $300,000 in the next year. Their company is currently valued at $440,000. They have also received several honors from noble people and presidents.
During their appearance on Shark Tank, Lisa and Duc asked for a deal that would give them a 15% equity stake in their company. They were looking for $100,000 in exchange for this equity. In the end, they accepted Daymond John’s offer. He offered them $150,000 for 25% equity in their company. He also offered a deal that allowed them to take de-risking measures to help them understand the American market better. This deal didn’t require them to pay back the $100,000 investment.
The owners of Baubles and Soles are hoping to secure a deal that will allow them to expand their business. They are also hoping to partner with Shark that will help them understand the American market better. The Sharks aren’t impressed with the sales of the company, however, and they are also concerned about the complexity of the inventory. They also question whether the company has a marketing strategy. They are also concerned about the competition in the shoe industry.
Baubles and Soles haven’t released the total amount of money they have earned since their appearance on the show. However, they have told their investors that they have a net worth of $440,000. The company is still in business and is expected to have annual sales of at least $200,000. They have also gotten positive feedback from parents, and they are hoping to gain more success in the future.
Lisa and Duc Nguyen founded Baubles and Soles in 2017. They originally left Vietnam when they were three years old. They moved to Australia, and then to Washington DC. While they were there, they studied law and business. They then relocated to California and started a wedding video production company. They have been married for several years. They also have several offspring. During their studies, they found out that they could build customized shoes for their children. They also found out that they could use natural ingredients, such as soy wax, cotton oil, and soybean oil. They also found out that they could turn around their inventory in 30 days.