Foot Fairy Shark Tank Net Worth
The net worth of Foot Fairy, a company that appeared on Shark Tank, was $500,000 when it aired on the show. However, as of 2022, the net worth of Foot Fairy is unknown.
In their appearance on Shark Tank, Dr. Sylvie Shapiro and Nicole Brooks asked for $75,000 in exchange for a 15% stake in their company.
What is Foot Fairy and Who is the Founder of Foot Fairy?
Foot Fairy was a tablet software that measured a child’s foot by placing it on the screen. The aim is to avoid the agonizing journey to the shoe store by purchasing shoes online from the comfort of your own home.
A parent would place their child’s foot softly on the tablet. It would scan the foot size and then transmit the data to a shoe seller.
Foot Fairy has collaborated with Zappo to offer the shoes following the activity.
Foot Fairy was founded by Dr. Sylvie Shapiro and her companion Nicole Brooks. Dr. Sylvie worked as a podiatrist in Beverly Hills before developing the app.
Unfortunately, Foot Fairy did not get the momentum that they had hoped for. So Dr. Sylvie returned to her practice. She also discovered Planet Flops, a company that sells eco-friendly flip-flops.
Foot Fairy was created to assist youngsters in selecting the proper shoe size. Dr. Sylvie observed that many youngsters suffered from foot illnesses as a result of wearing ill-fitting shoes.
These diseases may have been avoided. As a result, she resolved to find a suitable answer. They co-created Foot Fairy with Nicole.
Because the two ladies lacked an experience in computer science, they recruited a team to create the program. After developing the program, the two mompreneurs signed a contract with Zappo.
They were supposed to get between 8% and 18% off any shoe purchased after utilizing Foot Fairy. The program, however, was buggy, and these refunds were not fully captured, leaving the mompreneurs without royalties.
Foot Fairy Shark Tank Pitch
Foot Fairy is a tablet app that measures a child’s foot size using the device’s screen, allowing parents to purchase shoes online from home without having to go to a shoe store. Dr. Sylvie Shapiro, a Beverly Hills podiatrist, and her partner, Nicole Brooks, founded Foot Fairy.
The app operates by scanning a child’s foot when placed on the tablet’s screen, then transmitting the data to a shoe seller, with Zappos being one of their partners.
Dr. Sylvie developed Foot Fairy to address the problem of children’s foot illnesses caused by ill-fitting shoes. She and Nicole collaborated to create the program, even though they lacked computer science expertise. They engaged a team to build the app and then signed a contract with Zappos.
Foot Fairy did not achieve the success they had anticipated, and the program had some glitches that resulted in the mompreneurs not receiving their royalties. As a result, Dr. Sylvie returned to her practice and subsequently founded Planet Flops, an environmentally friendly flip-flop company.
Summary Table:Foot Fairy Shark Tank
| INFORMATION | DETAILS |
| Name | Foot Fairy |
| Founder | Dr. Sylvie Shapiro and Nicole Brooks |
| Industry | Software |
| Product | Tablet software that measures a child’s foot size |
| Aim | Allow parents to purchase shoes online for their children without the need for a physical store visit |
| Partners | Zappos |
| Shark Tank Ask | $75,000 for 15% stake |
| Shark Tank Offer | Mark Cuban offered $100,000 for 40% stake |
| Shark Tank Valuation | $250,000 |
| Shark Tank Outcome | Deal with Mark Cuban did not close |
| Net Worth (2014) | $500,000 |
| Current Net Worth | Unknown |
| Competitors | FeetMeter App, RiteFit app |
Foot Fairy Net Worth
Dr. Sylvie and Nicole appear on Shark Tank in search of $75,000 for a 15% stake in their company. This demonstrates a $500,000.
They accepted an offer from Mark Cuban of $100,000 for 40% thus valuing it at $250,000.
Current net worth is not available since they are no longer in business.
Foot Fairy Shark Tank Updates
Foot Fairy is an iPad app for measuring kids’ shoe sizes, created by Dr. Sylvie Shapiro and Nicole Brooks. The app takes an imprint of the foot using the screen surface of an iPad and then links to a shoe store to purchase shoes that fit.
In their Shark Tank pitch, Dr. Sylvie and Nicole asked for $75,000 in exchange for 15% of their business. Mark Cuban made a deal with them for $100,000 in exchange for 40% of the company, upon meeting multiple contingencies.
However, the deal with Mark Cuban never closed, and the business was effectively out of business six months after airing in May 2014. As of August 2021, Foot Fairy is no longer in business, and there are at least a dozen shoe-sizing apps in the app store.
The app had a glitch and stopped functioning just six months after airing on Shark Tank. Dr. Sylvie has since commenced working on the other two shoe websites she owns.
Foot Fairy Competitors
FeetMeter App and RiteFit app are some of the competitors for Foot Fairy.
Foot Fairy FAQS
What Is Foot Fairy Shark Tank?
Foot Fairy is an iPad app that accurately measures a child’s foot size, making it easier for parents to buy shoes for their children without guesswork. The app was created by Dr. Sylvie Shapiro, a podiatrist, and Nicole Brooks, a licensed family therapist.
The app allows users to order shoes from Zappos from inside the app. In 2014, Dr. Shapiro and Brooks appeared on Shark Tank seeking $75,000 for 15% of their business. Mark Cuban made a deal with them for $100,000 in exchange for 40% of the company, but the deal never closed.
Foot Fairy eventually shut down in May 2014, just a few months after the episode aired. As of 2023, there is no trace of the app on the app store, and the company is effectively out of business.
Dr. Shapiro has since been working on two shoe websites she owns. While Foot Fairy did not succeed in the long run, it was an innovative idea that aimed to solve a common problem for parents.
How Does Foot Fairy Shark Tank?
Foot Fairy is an iPad app that accurately measures a child’s foot size, making it easier for parents to buy shoes for their children. The app was created by Dr. Sylvie Shapiro, a podiatrist, and Nicole Brooks, a licensed family therapist.
The two friends appeared on Shark Tank in season 5, seeking $75,000 for 15% of their business. During their pitch, Dr. Shapiro demonstrated the app to her daughter, Sienna. They wanted the investment to enhance the back-end infrastructure of the app.
Mark Cuban made a deal with Foot Fairy, offering $100,000 for 40% of the company. However, the deal never closed, and the business shut down six months after appearing on Shark Tank.
The Foot Fairy app allowed users to order shoes from Zappos from inside the app. The app was designed to make it easier for parents to measure their children’s feet accurately, eliminating the guesswork when buying shoes.
The app was valued at $500,000 when it appeared on Shark Tank. However, the net worth of the company is unknown as of 2023 since the business shut down six months after appearing on Shark Tank.
Dr. Shapiro has since started working on the other two shoe websites she owns. The app faced competition on the app store and play store, which may have contributed to its eventual closure.
What Happened To Foot Fairy After Shark Tank?
Foot Fairy is an iPad app for measuring kids’ shoe sizes, created by Dr. Sylvie Shapiro and Nicole Brooks. The entrepreneurs appeared on Season 5, Episode 28 of Shark Tank in 2014, seeking $75,000 for 15% of their business.
During their pitch, Dr. Shapiro demonstrated the app for the Sharks to her daughter, Sienna. Mark Cuban offered $100,000 for 40% of the company, valuing it at $250,000.
However, the deal never closed, and the business was effectively out of business six months after airing in May 2014.
As of August 2021, Foot Fairy is no longer in business, and there are at least a dozen shoe-sizing apps in the app store.
The website of Foot Fairy was pulled off, and even their social media accounts stopped posting in the last quarter of 2014. The net worth of Foot Fairy is unknown as of 2022 since the company went out of business.
Is Foot Fairy Shark Tank Still In Business?
Foot Fairy, a company that appeared on Shark Tank in 2014, is no longer in business as of 2023. Foot Fairy was created by Dr. Sylvie Shapiro and Nicole Brooks, who developed an iPad app for measuring kids’ shoe sizes.
During their appearance on Shark Tank, they asked for $75,000 in exchange for a 15% stake in their company. Mark Cuban offered them $100,000 for 40% equity, but the deal never closed.
Foot Fairy’s app had 13,144 downloads, but it stopped functioning just six months after airing on Shark Tank.
The company faced competition from at least a dozen shoe-sizing apps available in the app store Dr. Sylvie Shapiro and Nicole Brooks have moved on to other ventures. Dr. Shapiro is a podiatrist and Brooks is a licensed family therapist. They also own two shoe websites.
In summary, Foot Fairy is no longer in business as of 2023, and the company’s app for measuring kids’ shoe sizes stopped functioning just six months after airing on Shark Tank. The deal with Mark Cuban never closed, and the company faced competition from other shoe-sizing apps.
What Was The Reason For Foot Fairy’s Failure?
Foot Fairy was an iPad app for measuring children’s foot sizes. The app was created by Sylvie Shapiro and Nicole Brooks, who are both podiatrists. Foot Fairy’s founders raised $100,000 in exchange for 40% equity from Mark Cuban on Shark Tank.
The app was intended to make money through commissions from Zappos and other online shoe retailers, which the app’s users could buy footwear directly through Foot Fairy.
However, neither Shapiro nor Brooks had any experience with app development, so they hired developers to build it for them. Unfortunately, the app they built was buggy and failed to capture commission payments, preventing the founders from actually earning money through their idea.
Despite its founders’ good intentions to help prevent foot problems in children due to wearing ill-fitting shoes, there were many problems with Foot Fairy’s app and business model from the beginning.
The deal with Mark Cuban never closed, and Foot Fairy shut down within six months of the Shark Tank episode airing.
How much were they seeking in the Shark Tank?
Dr. Sylvie and Nicole were seeking $75,000 for a 15% stake in their company.
Did they get the deal from the Sharks?
Yes, they got the deal with the condition that Mark Cuban would first test whether Foot Fairy works and that he would conduct market research to ensure that there was nothing similar in the market.
How much was the deal?
They ended up receiving $100,000 investment in exchange of 40% equity in the business but they never closed the deal.
Is Foot Fairy still in business?
No. They shut down the business just six months after being aired on Shark Tank.
What is the social media link of Foot Fairy?
There is no social media link of Foot Fairy that they can access currently.
What happened to Shark Tank’s Foot Fairy?
This transaction never concluded, and the company was virtually out of business six months after it aired in May of 2014.
They are no longer available as of August 2021, and there are at least a dozen shoe-size applications in the app store.
Is there an app that can measure a child’s feet?
Users take a photo of a child’s foot while standing on a reference object, such as an 8.5-inch by 11-inch piece of paper, using the RiteFit app.
The software then properly measures the length and breadth of the foot, allowing parents to select the proper shoe size.
Is there a foot measurement app?
VisTech’s FeetMeter App. For foot length measurement and shoe size estimation projects on iOS and Android, a simple and accurate foot measurement tool is available.
What is the net worth of Sylvie Shapiro?
Sylvie Shapiro’s net worth is unavailable.
What is the net worth of Nicole Brooks?
Nicole Brooks’s net worth is unavailable.
Who are their competitors?
FeetMeter App and RiteFit app are some of the competitors for Foot Fairy. FootMeter App is another app that can measure a child’s feet for shoe size.
