Boot Illusion, featured on Season 3 of Shark Tank, is a product that transforms the look of a pair of heels into boots. Boot Illusion is a cost-effective footwear collection that allows fashion-conscious consumers to diversify their footwear collection without spending much money on multiple pairs.
Boot Illusion comprises a leather or fabric upper that conveniently slips over any pair of heels, instantly altering their appearance to resemble boots.
Boot Illusion design allows consumers to effectively acquire multiple styles of footwear for the price of one, as the ‘boot’ uppers are priced significantly lower than a brand-new pair of shoes.
Moreover, these uppers are conveniently designed to zip right off, allowing users to swiftly switch their footwear style to their outfit or occasion. They are compact and portable, easily fitting into a handbag for on-the-go changes.
Boot Illusion was founded by Queenie Davis and Andrew Goodrum, who pitched the idea to the Sharks to revolutionize women’s footwear fashion with a cost-effective and versatile solution.
They were seeking $100,000 for a 30% share in their business. The product, still in the prototype phase at the time of the pitch, appealed to the Sharks, particularly Barbara Corcoran, who agreed to invest in the venture.
The concept of Boot Illusion is a testament to its potential, even though it was not brought into production as planned post-Shark Tank.
Boot Illusion’s ability to interchange styles effortlessly and its cost-effectiveness make it a great option for those who want to maximize their wardrobe without spending a fortune. It could be a game-changer in women’s footwear if brought to market.
|Company Name||Boot Illusion|
|Entrepreneur||Andrew Goodrum and Queenie Davis|
|Product / Business||Shoe cover|
|Investment Asking For||$100,000 For 30% equity in Boot Illusion|
|Final Deal||$100,000 For 55% equity in Boot Illusion|
|Boot Illusion Episode||Season 03, Episode 13|
|Boot Illusion Business Status||Out Of Business|
|Boot Illusion Website||Visit Website|
|Boot Illusion Net Worth||$0|
What Is Boot Illusion?
Boot Illusion is a company that specializes in creating realistic and customized prosthetic limbs for amputees. They use advanced technology and materials to design and manufacture prosthetics resembling real limbs.
Boot Illusion is a remarkable company that focuses on producing lifelike and personalized prosthetic limbs for individuals who have undergone amputations.
With their expertise in advanced technology and materials, they can craft prosthetics that closely resemble real limbs, providing functional support and a sense of normalcy for their customers.
Boot Illusion begins by assessing each individual’s needs and requirements. The skilled technicians and designers work closely with each client to understand their unique circumstances and desired outcomes. The limb is digitally modeled using cutting-edge 3D scanning technology.
Boot Illusion’s state-of-the-art manufacturing techniques bring the prosthetic limb to life once the digital model is finalized. They utilize durable, high-quality materials that mimic natural skin’s appearance and texture, making the prosthetic blend seamlessly with the individual’s body.
Boot Illusion’s commitment to customization makes them unique. They consider skin tone, hair patterns, and tattoos to ensure that the prosthetic limb matches the client’s unique characteristics. This attention to detail helps create a sense of identity and confidence for the wearer.
Boot Illusion’s prosthetic limbs have garnered significant recognition and positive feedback from users and the medical community. Their dedication to providing realistic and functional solutions has profoundly impacted the lives of many amputees, enabling them to regain mobility and self-esteem.
Boot Illusion is a pioneering prosthetic company offering personalized and lifelike solutions that enhance the lives of individuals who have experienced limb loss.
The company’s innovative approach and unwavering commitment to customer satisfaction continue to impact the lives of amputees around the globe significantly.
Who Is The Founder Of Boot Illusion?
Queenie Davis and Andrew Goodrum founded Boot Illusion. The concept of Boot Illusion is quite innovative and clever. The idea offered a cost-effective and convenient solution to fashion-conscious women who wished to diversify their footwear collection.
This unique product allows consumers to change the appearance of a standard pair of heels into boots, creating multiple styles of footwear without investing in several pairs of shoes.
Before appearing on Shark Tank, Boot Illusion was in its prototype phase. Queenie and Andrew, despite being at an early stage of their business, recognized the potential of their innovative concept and were keen on securing the necessary funds to bring it to market.
Their goal was to revolutionize women’s footwear by providing a versatile and budget-friendly option, and they believed that Shark Tank could provide the platform and investment needed to realize their vision.
Unfortunately, due to various setbacks and challenges, the production of Boot Illusion didn’t materialize as expected after their appearance on the show.
How Was The Shark Tank Pitch Of Boot Illusion?
When Queenie Davis and Andrew Goodrum walked into Shark Tank, they sought a $100,000 investment for a 30% stake in their business, Boot Illusion, valuing the company at $333,333.
Their unique product was designed to transform any shoe into a boot and vice versa, adding versatility and variety to any woman’s footwear collection.
The founders had invested approximately $40,000 of their own money into the venture, with a 50/50 partnership, and were outsourcing production to a company in Turkey, which Queenie had identified during her quest to find a manufacturer.
The cost of producing a pair of Boot Illusions was estimated at around $25, while the retail price was $79 per pair. This innovative idea intrigued the Sharks, particularly Daymond John and Barbara Corcoran, who saw potential in the product.
Daymond John, known for his expertise in clothing and branding, offered to invest the full $100,000 that the founders were seeking.
However, he wanted a 75% stake in the Boot Illusion technology, intending to license it to other boot manufacturers and collect a royalty from each sale. He also proposed giving them an additional 25 cents per pair sold.
Audited by the stylish and practical concept of Boot Illusion, Barbara Corcoran also made an offer. She agreed to provide the $100,000 Queenie, and Andrew sought but for a 55% stake in the business.
With a persuasive pitch and a strong reputation for nurturing successful entrepreneurs, Barbara convinced the founders that she was the right partner for them.
Ultimately, Queenie and Andrew accepted Barbara’s offer despite Daymond’s impressive contacts in the clothing industry. While deciding to give up more than half of their business might have seemed risky, they seemed confident in Barbara’s ability to help them succeed.
Unfortunately, the deal fell through due to setbacks post-Shark Tank, and the production of Boot Illusion didn’t materialize as expected. However, the Shark Tank pitch and their journey underlined the potential of this innovative idea in the footwear market.
Did Boot Illusion Get a Deal on Shark Tank?
Yes, Boot Illusions did get a deal on Shark Tank. During their pitch, Queenie Davis and Andrew Goodrum asked the Sharks for $100,000 in exchange for a 30% stake in their company.
Barbara Corcoran was interested in their business and offered $100,000 for a 55% stake. Queenie and Andrew accepted Barbara’s offer on the show.
However, the deal did not go through after the show. The reason was that Boot Illusions faced manufacturing issues and was not as far along in its business development as Barbara had expected. As a result, they couldn’t fulfill the deal’s conditions, and it fell through.
Despite not closing the deal with Barbara, Queenie Davis has continued to work on Boot Illusions. The product is not currently in production, but Queenie is actively working to resolve the manufacturing issues and bring Boot Illusions to market.
What Happened To Boot Illusion After Shark Tank?
After their appearance on Shark Tank, Boot Illusion, unfortunately, ran into a series of challenges. Despite securing a deal with Barbara Corcoran on the show, the partnership did not go as planned.
The founders, Queenie Davis and Andrew Goodrum, struggled to bring the product to market. According to Davis, Boot Illusions was not as far along in the business development process as Barbara had hoped, contributing to their partnership’s downfall.
They initially had plans to manufacture the product in Turkey and later in Brazil, but these arrangements didn’t work out due to various technical and health-related issues. As a result, they had to return the money they collected from orders taken by wholesalers and consumers.
The production, initially planned to start in March 2013, faced disruptions and couldn’t commence as scheduled. They also had plans to get featured on dozens of online catalogs following their production process, but the plan also faced a setback due to the issues with their production.
The Boot Illusions website was deactivated, and they planned to sell their products on a new site. In December 2012, Queenie announced a new line of Boot Illusions on her Facebook page, but there were no updates. Their Twitter account also remained inactive since the airing of the Shark Tank episode.
You could still order Boot Illusion directly from their site as of the last available information. However, the overall status and future of the company are unclear, as there has been little activity or progress since its appearance on Shark Tank.
Boot Illusion Shark Tank Update
After appearing on Shark Tank, Boot Illusion faced several setbacks and challenges. Despite their initial deal with Barbara Corcoran, the business did not succeed.
Queenie Davis and Andrew Goodrum, the founders of Boot Illusion, pitched their product on Shark Tank and accepted an offer from Barbara Corcoran. Barbara offered them $100,000 for a 55% share. However, the deal fell apart due to setbacks faced by the company.
Queenie Davis faced difficulties bringing Boot Illusion. She admitted that the product was not transformative enough to meet Barbara’s standards. They were still in the prototype phase and faced challenges in production and manufacturing.
Boot Illusion had found manufacturers in Turkey and Brazil, but these deals did not work out due to technical and health-related issues. As a result, they had to return all the money they collected from orders taken by wholesalers and consumers.
The Boot Illusion website was deactivated, indicating that the business may no longer be operational. They were planning to sell Boot Illusion on a new website, but it is unclear if this plan came to fruition.
The setbacks and challenges faced by Boot Illusion resulted in financial difficulties for the company. They had to return the money Barbara Corcoran invested and stop working with manufacturers they had partnered with.
Boot Illusion did not succeed as a business after appearing on Shark Tank. Despite their promising concept, they faced manufacturing issues, financial difficulties, and challenges in bringing the product to market.
Is Boot Illusion Still In Business?
Our research shows that Boot Illusion is no longer in business. After the episode of Shark Tank aired in 2012, the company faced numerous challenges, including the closure of its Turkish manufacturer and delays in delivering materials to its Brazilian manufacturer.
These issues resulted in the company having to return money to wholesalers and customers, and they could not resolve these problems. As a result, Boot Illusion closed down and did not continue its operations.
What Is the Net Worth Of Boot Illusion?
According to our research, the net worth of Boot Illusion is estimated to be $0 since the company went out of business. The valuation of Boot Illusion was $181,818 after securing an investment from Barbara Corcoran on Shark Tank.
Also, read about other businesses that appeared on Season 3 of Shark Tank:
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