They reveal they haven’t spent money on acquiring customers, but Robert doesn’t like their answer – he goes out. Robert thinks the challenge is keeping socks as a stand alone product with online sales. Kevin calls them “sock cockroaches” and goes out. Current venture funding they have values the business at $ million. They say they are looking at $1.2 million in sales for the year. They explain they have a premium sock for far less than competitors. Robert says specialty sport socks are everywhere, what makes Bombas different. As the Sharks put the socks on, the Bombas guys explain their innovations. They explain the special design of their socks and their charitable mission. Randy and David come in looking for $200K for 5% of Bombas. Will Bombas be a good fit for one of the Sharks? Bombas Shark Tank Recap Their mantra, “bee better,” applies to their charitable mission as well as the athlete in all of us that wears their socks.īombas is selling online only now, they’re probably looking for a Shark to help them get onto shelves. Their message and their comfy socks apparently got the attention of the crowdfunding universe. They raised over $140,ooo on a $15,000 ask and hit the ground running. Randy and David funded their business through a successful Indiegogo campaign. These aren’t your grandpa’s old, black socks! Even the business name – Bombas is Latin for “bee” – has socially aware connotations: “bees work together to make the hive a better place.”Īs for the socks, they are colorful athletic socks with some nifty design features like a honeycomb support system, Y stitching in the ankles, blister tabs on the heel, seamless toes, reinforced foot beds, and “stay up” technology. The Genesis of Bombas was when the two men heard a Salvation Army Major say “ socks are the #1 most requested clothing item in homeless shelters.” They thought they could make a better sock and donate a pair of socks for each pair sold. Randy Goldberg and David Heath hope to fond a fit with a Shark for Bombas, their sock company with a social conscience, in episode 601.
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