No one wanted to risk $500,000 for a 5% stake in Islide. Justin’s options were limited when 5 of the 6 sharks bowed out of the deal on their own.Īs you can imagine, many sharks were turned off by the high valuation Justin was putting on his company. Some of the hottest celebrities and influencers were pictured wearing his custom sandals. By that time, he had already grown the brand. In 2016, Justin decided to try his luck with the sharks. After working on product development and focus grouping the product at length, they launched their product to almost immediate success. Islide was born in 2013 when entrepreneur Justin Kittredge came up with an idea for a custom line of slide-one sandals. Islide is the brainchild of Justin Kittredge who worked hard to build his concept and his brand.
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The company also has licensing deals with professional and college sports teams. In recent years, Islide has also branched out into making comfort socks that emphasize arch support. Today, you can get many different sandal strap and footbed styles. The insole was pitched to be super comfortable with a massaging footbed. Islide started off as a line of sandals that could be customized with special images, logos, text and more. Justin Kittredge pitched Islide as a line of sandals that were as comfortable as they were customizeable. Islide Quick facts Company NameĪ line of comfort footwear that can be customized with special images and messages However, that is not the end of the tale for Islide and Justin Kittredge who have gone on to generate a net worth of almost $20 million following the exposure received on the show. Islide was one of the first companies to open up the 8 th season of Shark Tank back in 2016.ĭespite one offer from Robert Herjavec, Kittredge ultimately declined the deal and walked out of the tank with no financial backing from the sharks. Case in point: Justin Kittredge’s line of footwear called Islide. Not everyone is chomping at the bit to take any deal that a shark throws out there. Islide appeared on the 8 th season of Shark Tank and it’s owner had to eventually turn down an unfavorable offer.
A line of comfort footwear that can be customized with special images and messages.Islides Net Worth 2022 – What Happened After Shark Tank?.Even on my worst day at ISlide, I never regretted leaving. “It was tough to leave corporate America, which pays well and has great benefits,” said the dad of two young girls. Kittredge said the company was on its way to success before he went on “Shark Tank,” but since appearing on the season premiere, “It’s been absolutely incredible.”
“They can put them on their website, sell the product and we can even ship it directly to the customers.” “By partnering with us, these entertainers and athletes get a more creative way to sell branded footwear without having to hold a lot of inventory,” he explained. Since then, the company’s secured a licensing deal with the NBA and has designed custom slides for major brands, including the WWE, Def Jam Records, ROC Nation and just recently, New Kids on the Block, who created a line of NKOTB ISlides they’ll peddle on their upcoming fan cruise. “Companies like Reebok pay millions of dollars to get celebrities to wear their brand and this all happened organically for us,” Kittredge said. Kittredge teamed up with DJ Khaled early on via a mutual friend and the record producer has given customized ISlides to his boldface pals, including Justin Bieber, Kim Kardashian, Madonna, Ellen DeGeneres, Chelsea Handler and more.
Not to mention the pack of celebrity endorsements the sandals have racked up. No matter, Kittredge said he has already gotten investors to pick up the slide slack and his company has hired a half-dozen new employees. I even offered him 10 percent, but he didn’t want to negotiate so it wasn’t the right type of deal for us.” “We went in looking for $500,000 for 5 percent of the company,” Kittredge said. But only Herjavec was interested in partnering with him. The 39-year-old former Reebok exec showed up at the ABC show with Pittsburgh Steelers wide receiver Antonio Brown in tow to pump up his Norwood-based company, which creates customized one-strap athletic sandals for individuals, organizations, teams and companies all over the world. “But he put a lower value on the company than it was worth and there was no way I could take it.” “ Robert (Herjavec) put the offer in,” Kittredge told the Track. It takes a pretty confident entrepreneur to turn down a half-million-dollar investment on “Shark Tank,” but that’s just what ISlide founder Justin Kittredge did because he believed his footwear company was ready to sprint to the top of the customized sandal market.
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