Happy Feet Shark Tank Update

Pat Yates hoped that the Sharks could put Happy Feet in episode 519. Happy Feet is his comfortable slipper firm that has been in business since 1996 and is based in New York City.

These enormous slippers look like gigantic sneakers, and standing in them is like walking on air.

The slippers come in various colors and have license agreements with the NCAA, NFL, NBA, and MLB, among other sports.

The company also distributes Happy Feet via its website and a mall cart/kiosk program.

Most of his company’s growth has come from its wholesale/kiosk program, and he is pleased with how he treats his clients as members of his family.

Additionally, the company offers a fundraiser program with which non-profits can raise money by selling comfortable slippers to their customers.

As a well-established company with a long history, Yates will probably turn to the Sharks for a joint venture that will help it grow or expand its production capabilities.

What Are Happy Feet?

Happy Feet slippers are not the same as your grandmother’s. They are lighthearted, entertaining, and ridiculously comfy. 

I felt as though I was walking on cushions while wearing Happy Feet. Happy Feet is designed solely to provide a relaxing foot vacation.

You can purchase these adorable slippers in every color and print, including leopard print, zebra print, and bright colors.

Happy Feet Shark Tank Update

They have also got lions, tigers, giraffes, and even sharks on their property. The Happy Feet are a fun and engaging activity for all ages.

They’ll be so comfortable that you won’t be able to bear to take them off! These Happy Feet slippers are made entirely of polyester and have a one-inch tread made of foam rubber, making them without a doubt the most comfortable slippers you have ever worn.

Company NameHappy Feet
EntrepreneurPat Yates
ProductSlippers with style and comfort
Investment Asking For$375,000 For 15% equity in Happy Feet
Final Deal$375,000 For 25% equity in Happy Feet
SharkRobert Herjavec
Episode Season 5 Episode 23
Business StatusIn Business
WebsiteVisit Website

Who Is The Founder Of Happy Feet?

The Happy Feet Slippers are the brainchild and inspiration of Louisville, Kentucky, resident Pat Yates. The slippers have been available since the 1990s, mostly through mall kiosks.

Snooki began wearing the brand on the MTV show Jersey Shore, which increased its popularity tremendously. Yates is not a fool at all.

He eventually convinced Snooki to design her plush animal slippers, which are now part of the Happy Feet brand. 

Happy Feet Before Shark Tank

Happy Feet is the name of his pleasant footwear, a pair of enormous slippers that look like gigantic shoes and make walking feel like walking on air.

From Louisville, Kentucky, Pat Yates is credited with creating Happy Feet. He thinks of them as his favorite animal or sports team, depending on the situation. They will be unable to remove his slippers because they are so comfortable.

There are a variety of colors and patterns available, along with official licenses from the NBA, NCAA, NFL, and Major League Baseball. The public has undoubtedly taken notice of his invention.

The company said they see lots of business in California, Florida, and Kentucky, which are the states where they sell the most Slippers.

The company ships worldwide and even offers international shipping through its website.

How Was The Shark Tank Pitch Of Happy Feet?

Pat enters the Shark Tank requesting an investment of $375,000 in exchange for 15 percent ownership in Happy Feet. 

He describes how playful and enjoyable the Happy Feet products are as the camera pans through an array of them.

They include colleges, animal slippers licenses, and even Shark slippers. Pat claims he is doing well with sales but needs funding to expand into retail and international markets.

The sharks get samples from him. However, Robert requests lions instead of penguins. The Sharks like the way it fits and feels.

Pat claims to have completed $6.5 million in business in the last three years. In 2017, Pat earned $2.6 million, of which $2.2 million came from the web. The sales of $2.6 million resulted in him making only $650 thousand.

He has struggled to get retail outlets to carry the product because of the product’s size. He does not face any competition at this time.

He’s successfully found mid-level social media stars who are willing to market his products.

Barbara believes that Happy Feet has reached its zenith, and she is leaving. Robert leaves since he does not see how he can be of service.

Kevin isn’t thrilled about the 15 percent; instead, he pays $375K in exchange for a $3 royalty per pair until he recoups his investment; after that, the royalty rate decreases to $1.50 per pair, and he also receives a 5 percent stake in the company.

M. Wonderful is willing to split the deal with Lori if she agrees to increase her equity to 6 percent.

Although Mark believes Pat is a decent man, he has decided that this business is not for him – he is leaving. 

Pat is bothered by the royalty payments, so he offers Lori and Kevin $375K for 20% of the Happy Feet.

Kevin counters with $375K for a 30 percent stake; Lori remains his partner in the business.

Robert re-enters the market at $375K for a 30% stake. Pat counters with a 25 percent offer, to which Robert responds, “I’ll take it!”

RESULTS: Robert agreed to invest $375,000 for 25% equity in Happy Feet.

What Happened To Happy Feet After Shark Tank?

Sales and profits of Happy Feet have increased exponentially since Pat appeared on Shark Tank in 2013.

Happy Feet now offers products from organizations such as the NFL, NBA, NCAA, MLB, and even some professional football teams like Barcelona FC and Manchester United FC in addition to the basic slippers that Pat demonstrated on Shark Tank. Happy Feet is based in Los Angeles, California.

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Happy Feet slippers are currently available on the company’s official website for about $30 a pair, and the Snooki-licensed slippers can still be purchased.

According to the company, you can also get slippers for as little as $12 on the Happy Feet website.

Happy Feet Shark Tank Update

A report in the update section notes that Pat’s appearance on Shark Tank has increased sales of $4.2 million of Happy Feet.

Robert assisted with the redesign of the entire website. The company now employs 16 people, and Dreamworks Motion Pictures has approached it about licensing movie character slippers like Shrek, Kung Fu Panda, and other movies.

Happy Feet Shark Tank Update

Robert estimates that the licensing agreement will generate tens of millions of dollars in sales. He’s subsequently added a pair of Marvel-themed slippers to his collection.

Pat believes that his involvement with Shark Tank aided in closing the purchase because it provided him with a “whole new level of credibility.”

According to corporation records, happy Feet still generates $5 million per year in revenue as of February 2022.

Are Happy Feet Still In Business?

The sharks were amazed by how comfortable the product was and how it captivated them. Some referred to these boots as “moon boots.”. This isn’t surprising considering the positive reviews on Amazon.

Kevin and Lori teams, who had teamed up to take on Robert, were involved in a shark fight. Happy Feet eventually agreed to a deal with Robert in which he would receive $375K in exchange for 25% of the company.

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Happy Feet has gained licensing agreements with the NBA, NFL, MLB, and NCAA following Robert Herjavec’s appearance on Shark Tank.

Happy Feet Slippers are now available in more than 450 different styles on Amazon and elsewhere, including on the Happy Feet website. There are a lot of slippers to choose from. They range in price from $20 to $30.

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