Jeska Shoes Shark Tank Update | Jeska Shoes after Shark Tank
What is Jeska Shoes?
Jeska Shoes is a shoe company that wants to give you stylish, comfortable shoes without the entire markup. Their shoes are made with vegan leather, super high quality Italian leather, and other materials.
Jeska Shoe was started by Jessica Haynes as a small company based in Emerson, Arkansas mainly selling heels shoes products, which provide a degree of adaptability and convenience that other high heels do not.
The product’s concept is simple: a shoe can be converted from a stiletto to a wedge by merely snapping one clip off and snapping on another.
The concept of a modular or replaceable high heeled shoe is so brilliant that it’s hard to believe no one else has thought of it before.
The ability to alter the style of their shoes so fast and simply allows ladies to have shoes that always match their attire without having to carry around many pairs of shoes.
Who is the founder of Jeska Shoes?
Jessica Haynes founded Jeska Shoe Company. Jeska Shoe Company’s main product is their heels, which provide a degree of adaptability and convenience that other high heels do not.
She received the Graduate Division’s annual Innovation Award. Jessica delivers Jeska Shoe Company and her award-winning innovation, a prototype shoe that replaces stiletto heels with flats using an interlocking, magnetic system.
“The Donald W. Reynolds Governor’s Cup is a statewide undergraduate and graduate business plan competition meant to motivate students in Arkansas, Nevada, and Oklahoma to act on their ideas and abilities in order to developed enterprises.
This competition aims to simulate the real-world process of entrepreneurs developing a company proposal and seeking start-up capital from possible investors.
Jeska Shoe Company did not have a website and had not created any shoes for the market as of the week before the broadcast date. It is a pre-revenue company.
What Happened to Jeska Shoes at Shark Tank pitch?
In episode 18 seasons 4 of Jeska Shoes on Shark Tank, Jessica appeared on Shark Tank with her prototype shoes that replace the stiletto heel with a wedge, asking $70,000 for a 30% ownership in her firm, which is valued at $233,000.
Jessica explains that she has around $63,000 of her own money in the firm, the most of which comes from an unspent college fund from her grandpa.
Robert believes that ladies enjoy having a lot of shoes, therefore he’s out. Kevin, who never invests in pre-revenue start-ups, believes Jessica has no strategy; he’s out.
Mark isn’t familiar with the shoe business, so he’s out. Barbara believes that ladies who can buy Jeska Shoes can also afford more than one pair of shoes; she went out too.
Daymond recalls his start-up days, when his mother lent him money to establish FUBU out of their family home, in a Shark Tank tearjerker.
Daymond informs Jessica that he will make an offer, but it will be a bad one. He offers $70,000 in exchange for 70% ownership of the company. Daymond believes that he needs to do a lot of the effort to get the product off the ground, which explains the high proportion.
Jessica replies she’d rather have a tiny proportion of something than a huge percentage of nothing and accepts the offer and walks away with a deal.
What Happened to Jeska Shoes after Shark Tank?
The dead with Daymond John were completed after the episode aired on Shark Tank. Unfortunately, not every product that lands a deal on Shark Tank goes on to achieve long-term success.
Hayes announced her intention to liquidate her firm on Jeska Shoe Company’s Facebook page in October 2014.
She expressed gratitude to the clients, friends, family, and those who had supported her ambition, but stated that the firm had simply reached a point of “diminishing returns,” and that it no longer made sense to continue moving forward.
Not every product will sell, even if it has a fantastic product and a competent mentor like Daymond John. Hayes possesses an entrepreneurial passion that should see her through the loss of Jeska Shoe Company.
Net Worth of Jeska Shoes
The company was valued at $233,000 during the pitch, after the investment done by Daymond John the company valued at $100,000. Since then the company is no longer in operation, hence the net worth is unavailable.
Jeska Shoes FAQs
What is Jeska Shoes?
Jeska Shoes is a shoe company that wants to give you stylish, comfortable shoes without all of the markup. Their shoes are made with vegan leather, super high quality Italian leather, and other materials.
Who is the founder?
Jessica Haynes founded Jeska Shoe Company. It is a pre-revenue company.
How much was she asking on Shark Tank?
Jessica was asking $70,000 for a 30% ownership in her firm, which is valued at $233,000.
Did she get the deal?
Yes, Jessica accepted a deal from Daymond John.
How much was the deal?
Daymond John offered $70,000 for 70% ownership in Jeska Shoe Company.
Is Jeska Shoes still in business?
Jeska Shoe Company is no longer in operation.
What is her net worth?
It is unavailable.
How many Jeska Shoe Company stores are there?
There are no stores open.
How many employees does Jeska Shoes have?
There are no employees working in this company.
Is Jeska Shoes a shoe company?
Jeska Shoe Company is a shoe company. It has a single product, the Jeska heel.
Where can I find Jeska Shoes?
Jeska Shoe Company doesn’t have a website, or a physical storefront.
Where is Jeska Shoes based and how much did it cost to start?
Jeska Shoe Company is headquartered in Los Angeles. It is a pre-revenue company.
Is Jeska Shoes a scam?
Jeska Shoe Company is not a scam. Read Shark Tank Review by Product Pitch Analysts.
Who are the competitors of Jeska Shoes?
There are no competitors for Jeska Shoe Company. It is a shoe company with a single product that solves an issue most women have.
How was the business model of Jeska Shoes?
The business model of Jeska Shoe Company was to sell shoes online.
How long did it take to market Jeska Shoes?
It took a year to market.
What was the final amount of money Jeska Shoes raised?
Jeska Shoe Company has not yet been fully funded, so it can’t be calculated yet.
Who were the investors before Daymond John invested in Jeska Shoe Company?
There are no investors in Jeska Shoe Company.
Was Jeska Shoes doing shipping?
Yes, Jeska Shoe Company ships shoes to the USA.
Is there any cost information with regards to Jeska Shoe Company?
No information on the cost of starting up and running is available for Jeska Shoe Company.
What is return policy of Jeska Shoes?
Jeska Shoe Company has a 30-day return policy.
Was Jeska Shoes accepting PayPal?
No, Jeska Shoe Company doesn’t accept PayPal.
Is Jeska Shoes on Facebook?
Jeska Shoe Company is on Facebook.
Is Jeska Shoes on Twitter?
Jeska Shoe Company is not on Twitter.
How many shoes are sold by Jeska Shoes?
Jeska Shoe Company has sold no shoes. It has only been in business for 1 year.
Is Jeska Shoes a profitable business?
No, Jeska Shoe Company has not been profitable yet.
What is the revenue of Jeska Shoes?
It is unavailable.
