Boot Illusions Update

Boot Illusions on the Shark Tank Show

Boot Illusion - Season 3 Episode 313

Seen on the Shark Tank Show
Queenie Davis on the Shark Tank Show
 Boot Illusions transforms from a shoe to a boot and back to a shoe again. No, it's not an illusion, it's a Boot Illusion. Andrew Goodrum and Queenie Davis walked into the Shark Tank seeking a $100,000.00 investment for 30% of the boot business.
They do not actually make the product themselves; instead, Queenie had a dream to go to Turkey to seek a manufacture. So what does every good Entrepreneur do when they have a dream? They follow it and go to Turkey. Fortunately, Her dream paid off, and she found a company to make the Boot Illusions a reality.

At the time of the Shark Tank taping, Goodrum and Davis invested approx. $40k of their own money with a 50/50 partnership in the venture. The average boot illusion cost's $25 to make and retails for $79 per pair. Daymond John being the obvious Shark to invest in this clothing invention
, offers $100k for 75% of just the boot illusion technology. He wants to license it to other boot manufactures and collect a royalty from the invention. Daymond also says he'll give them an additional 25 cents for each pair sold.
Barbara Corcoran, being the stylish Lady that she is, already loves the Boot Illusion idea and also makes Goodrum and Davis an offer. She offers $100k they're looking for, but for 55% of the business. Daymond John, the marketing guru, clearly has the better contact's to make the Boot Illusions a Success but doesn't leave much meat on the bone compared to Corcoran's offer. In her trademarked style when she decides she wants to invest in a business, Barbara puts her pitch in high gear to convince them she's the better Shark to partner with. In fact, she gets up from the Shark Tank and walks out to hand Goodrum and Davis a business card. Barbara wants them to be convinced that every person she's made a deal on the Shark Tank Show with, is in fact very Very Happy from their deal.
Shark Tank Season 3 episode 313
Queenie has obviously already done her homework and knows how successful entrepreneurs have become after making a deal with Barbara Corcoran and wastes no time in accepting her offer. They close a deal with Barbara on her terms. Andrew shows a little hesitation wondering if they made the right decision. Honestly, so did I. To pass up an opportunity to work with Daymond John with this particular product might not have been the best deal in the long run, but then again, he didn't need that much equity to make this a successful product.

As far as current updates on the Success of the Boot Illusion Business, it was also challenging finding up-to-date information. In December 2012, Queenie came out with a new line of Boot Illusions according to her Facebook page, but she hasn't updated it since. The Twitter account also hasn't been updated since the Shark Tank Show aired last May, with the last message a re-tweet from Corcoran. And now I just watched a video with Queenie on YouTube featuring the new line of Boot Illusions for a Indigogo campaign that was posted a month ago? Unfortunately, things are not adding up, and a deal with Barbara might have fell through. Hopefully someone out there knows more then I was able to find out would like to share more information on this outcome.

The good news is the website's still up, and it looks like you can still order the Boot Illusion directly from the site. It must be a good product because I also uncovered a website that wants you to believe you're on the Boot Illusions Official Site, but clearly, it is not. The site uses a .CO for their domain, so be careful if you're trying to order directly from Queenie. Better yet, you can use the link below that goes directly to Queen Grace Shoes.

Good Luck Queenie, your enthusiasm is very contagious, and we wish you only the Very Best!
Visit Boot Illusions Website
Find Queen Grace Shoes on FaceBook
Follow Boot Illusions on Twitter 

Comments

  1. She made a very bad decision. She is money hungry, because she heard 75% and immediately thought that someone was taking her money. She had the opportunity to have someone in the industry to help mentor her and keep the door open for future inventions.

    Just my thoughts and I'm pretty sure her partner will be acquiring a lawyer soon.

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  2. There is reference to the bootillusion.co website on her main site...

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  3. Anonymous2:46 PM

    I saw this company in the emerging designers section at the Atlanta Apparel Mart. Not sure how the business is going.

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  4. Anonymous9:46 PM

    Should have gone with Daymond...Counter with $150k for 75% of the entire company and not just the boot tech, and increase the ask to a $,30 royalty. Wealthy inside of a year.

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  5. Anonymous11:23 AM

    She should open some BOOT-iques!! Seems like a no-brainer!

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  6. Anonymous11:54 PM

    Looks like her site is down or hacked. The site up does not look legit.

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  7. Anonymous6:41 PM

    Since it looks as if the company went belly up, she definitely did make a bad decision.

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  8. Anonymous7:06 PM

    big fail... to bad.. LOVED THE IDEA... I want some!!!

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  9. Anonymous7:09 PM

    Getting 25 cent on the dollar was a great deal with Daymond. They could have stepped away with money coming in to do something different.

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  10. Anonymous6:43 PM

    Foolish Foolish lady not taking Daymonds offer and let him run it into a million dollar business

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  11. This is like One Sole, also a Shark Tank investment. I actually bought these: https://onesoleshoe.com

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