One Sole, founded by Dominique McClain Barteet, now boasts a net worth of around $3 million, making it one of the standout success stories from Shark Tank.
Known for its interchangeable shoe concept, One Sole has expanded its product offerings and significantly increased its market presence since its appearance on the show.
The partnership with Daymond John and Barbara Corcoran was a game-changer, providing both investment and mentorship that helped the company grow.
One Sole, founded by Dominique McClain Barteet, captured the world’s attention with its innovative interchangeable shoe concept when it appeared on Shark Tank.
Barteet entered the Tank in search of $500,000 for 20% equity. The Sharks were intrigued by her unique idea and her already substantial sales.
Ultimately, Daymond John and Barbara Corcoran partnered with Barteet, investing $500,000 for a 35% stake in the company.
| Category | Details |
|---|---|
| Company | One Sole |
| Founder | Dominique McClain Barteet |
| Shark Tank Deal | $500,000 for 35% equity (Daymond John, Barbara Corcoran) |
| Net Worth (2024) | $3 Million |
| Annual Revenue | $6 Million |
| Product | Interchangeable footwear with customizable tops |
| Post-Shark Tank Growth | Expanded product lines, partnerships, and strong online presence |
| Key Appeal | Versatility, convenience, and affordability |
This deal propelled One Sole to new heights, leading to increased visibility and growth.
Since its appearance on Shark Tank, One Sole has seen tremendous success. As of 2024, the company’s net worth is estimated at approximately $3 million, with annual revenues around $6 million.
The investment and exposure from Shark Tank helped One Sole secure new partnerships and expand its product lines.
Barteet’s ability to capitalize on the momentum has solidified One Sole as a key player in the footwear industry, known for its style, versatility, and convenience.
Barteet, who transitioned from pharmacist to entrepreneur, credits much of One Sole’s success to the exposure and guidance gained from Shark Tank.
“The partnership with Daymond and Barbara really accelerated our growth,” Barteet shared in a recent interview. “Their insights helped me scale the business in ways I hadn’t anticipated.”
Barteet, a former pharmacist turned entrepreneur, created One Sole out of frustration with owning multiple pairs of shoes for different occasions.
She aimed to solve this issue by designing shoes with interchangeable tops, allowing customers to customize their footwear effortlessly. Her innovative concept resonated with consumers, and after Shark Tank, One Sole’s customer base grew significantly.
“One Sole was a game-changer,” said Daymond John. “The idea of offering customization at an affordable price hit a sweet spot in the market.”
This strategic insight, combined with Barteet’s drive, helped One Sole weather the challenges that often come with rapid business growth.
The company continues to evolve, expanding its product offerings and maintaining a strong online presence. Despite the ever-changing landscape of the fashion industry, One Sole’s commitment to innovation and customer satisfaction remains steadfast. The brand has become synonymous with convenience and versatility in footwear, ensuring its continued relevance and success.
With its estimated net worth now in the millions, One Sole’s journey from the Shark Tank stage to becoming a staple in the footwear industry is a testament to the power of a great idea, hard work, and strategic partnerships.