Jeska Shoes on the Shark Tank
Interchangeable Magnetic Stiletto Heel's Changed To A Wedge - Season 4 - Episode 420
|Jessica Haynes of Jeska Shoes on the Shark tank|
This seems like a good idea (if I wore high heels anyway) and it's easy to see a market for this creative solution that would expand your collection of choices of shoes to wear.
Unfortunately there is very little information on this business since they have graduated and the website is currently directing everyone to their Face Book page. This maybe (hopefully) is because they are putting on the final touches before the Shark Tank airs this Friday Night but does not explain why it has not indexed in Google yet. I hate to say it and I sure hope it's not true, but this is starting to remind me of the Partie Poche from a few months ago when two College Students were not ready either when the Shark Tank Effect took a hold. In fact it's only a few days away from show time and the only way I found them was from a mention on the SAU website.
The Jeska Shoe Company may still be in the development stage and they now need the Sharks help to get the product launched which would answer a lot of question's. If that's the case, then it will all come down to the valuation they put on their new business and how much equity they are willing to give up and get this product into Shoe Stores across the country. Did they secure a patent for a magnetic stiletto heel that can be switched to a wedge shoe? Then Jessica and Kaci might only be looking for a licencing deal with other established shoe companies and will not even need to worry about an online presence.
It looks like we will have to wait until Friday Night to find out these answers and if the Jeska Shoe Company will become another Success Story on the Shark Tank Show.
Until then you can visit Jeska Shoes Website which currently redirects to their FaceBook Page "at this time".
Jeska Shoes after the Shark Tank Update
WOW as wrong as I was about another company in this episode it appears I was just as wrong about Jeska Shoes but in a good way, a Very Good Way. Jessica Haynes came on the Shark Tank all by herself looking for a $70k investment in exchange for 30% of the interchangeable shoe business. At this time she only has pro to types of her patent pending shoes and needs the investment to take them to market.
She gives one of the best presentations that actually had me on the edge of my seat and did a very good job convincing me to invest in the company (if I was a Shark that is). Barbara Corcoran agreed with me but she is not convinced this is Jessica's true calling and proceeds to go out. In fact it is such a new product that will take a lot of time and much needed experience to make the Jeska Shoe Co. a reality that all the Sharks go out but the one Man that could make it happen. After it is reveled that Jessica has put all her life savings into this business and then a loan from her parents on top of it, she needs this investment or she may lose everything. For us Shark Tank Fans that already knew that Daymond John got turned down 27 times from banks before taking a second mortgage out on his Mom's house, it had a very distinct resemblance to Jessica's story.
This product still being in the development stage and with zero orders to speak of, Daymond knew this was going to take a lot of time and effort offers Jessica the $70k but for 70% of the business. He is willing to teach her everything he knows and bring the Jeska Shoe Company to the masses. Jessica wastes no time in accepting John's offer and agrees to basically hiring him and getting paid in the process.
@TheSharkDaymond my old twitter buddy, the value of your stock just doubled after this one. I wish you both the Very Best and look forward to seeing the Jeska Shoe Co. on a featured update here in the near future.