Squid Socks Shark Tank Net Worth 2023 | Squid Socks Shark Tank Updates

Squid Socks Shark Tank Net Worth

Squid Socks is a company that produces baby socks designed to stay on the feet of little children. The socks have silicon dots, named “Squiddy Dots” around the ankle area which help grip the skin and prevent them from coming loose.

Squid Socks appeared on Shark Tank in October 2019 and received an investment of $125,000 from Daymond John in exchange for 33% equity.

After the episode aired, the company received thousands of orders and had more than $100 million in revenue in 2018. As of 2022, Squid Socks’s founders Jessica and Gabe Miller have a net worth of $3 million USD.

The investment money went into getting more inventory and are currently still doing very well. Squid Socks are gaining great social media reviews and are committed to customer service. The company has not received any unfavorable internet reviews against its products.

What is Squid Socks and Who is the Founder of Squid Socks?

Squid Socks are a type of socks designed specifically to stay on the feet of infants and small children. The socks feature silicon spots around the ankle area to keep them from coming undone.

Squid Socks come in a variety of patterns, designs, and colors, and are available in three collections: boy, girl, and gender-neutral.

They are sold at Nordstrom and local shops and have been featured in various media outlets such as ABC News, Today, and Popsugar, as well as in Parents, First Time Parent, and Washington Parent magazines.

The company was founded by Jessica and Gabe Miller, a couple with entrepreneurial aspirations. Jessica has a degree in advertising and marketing and has worked for several companies, while Gabe previously worked for Boeing and has significant experience in product design and development.

The idea for Squid Socks originated in 2014 when the Millers visited Gabe’s cousin in England and saw his child repeatedly pulling off his socks. The couple created the first Squid Sock designs as a solution to this problem.

The socks are made of 87% polyester, which is moisture-wicking, does not shrink or wrinkle absorbs stress, and is ideal for dye-sublimation printing.

Nylon (10%) adds strength, durability, flexibility, and stain resistance, while spandex (3%) provides tenacity and the ability to retain its original size and shape. As technology advances, more fabric selections and blends will become available.

The socks have received the Certificate of Product Safety for Children, and silicone is completely safe for children’s skin. However, some children may be more sensitive than others, so it’s important to monitor their skin when they first wear the socks. It’s also recommended not to wear the socks overnight.

Squid Socks Shark Tank Pitch

On season 11 episode 3 of Shark Tank, Gabe, and Jessica pitched their company, Squid Socks, seeking $125,000 for a 20% stake in their company, valuing it at $625,000.

They showcased their socks to the Sharks and shared that they were in search of a strategic partner to assist with building the company and production. They had made $400,000 in sales in the past 16 months, despite some downtime due to changing manufacturers.

Robert offered $125,000 for 40% ownership, and Daymond offered $125,000 for 33.3%. Lori asked Daymond if he wanted to partner with her, but he declined. Robert then raised his offer to $250,000 for 40% ownership.

After some negotiation, Robert settled on $125,000 for 30% ownership, and the Millers chose to partner with Daymond, who was interested in licensing their socks.

After the episode aired, Squid Socks received 5-star ratings on Amazon, with one customer stating that they loved the socks and wished they had discovered them sooner.

Daymond’s financial infusion was used to purchase more merchandise, and the Millers fulfilled the orders they received in two weeks. The company is still operational as of July 2021, with an annual revenue of $3 million.

Table Summary: Squid Socks Shark Tank

INFORMATION	DETAILS
Company Name	Squid Socks
Founder	Jessica and Gabe Miller
Product	Baby socks designed to stay on infants’ feet
Shark Tank Investment	$125,000 for 33% equity from Daymond John
Revenue	More than $100 million in 2018, $3 million in 2022
Sales	$400,000 over 16 months prior to Shark Tank appearance
Net Worth	$3 million USD as of 2022
Materials	87% polyester, 10% nylon, 3% spandex
Safety	Certified safe for children
Availability	Nordstrom, Bed Bath & Beyond, Amazon, local shops
Media Features	ABC News, Today, Popsugar, Parents, First Time Parent,
	and Washington Parent magazines

Note: The table is not exhaustive and includes only the major details of the information provided about Squid Socks.

Squid Socks Shark Tank Updates

Squid Socks is a company that produces baby socks that stay on. The company was founded by Jessica and Gabe Miller, who appeared on Shark Tank in Season 11 Episode 3 seeking $125,000 for 33% of their business.

During their pitch, they demonstrated the socks with their kids and handed out samples. They shared that they wanted a strategic partner to help them grow the business and needed help with manufacturing. They had done $400,000 in sales over 16 months of operation.

Daymond John invested $125,000 in exchange for 33% equity in Squid Socks. The influx of cash went to get more inventory.

After the episode aired, the company received thousands of orders, and 50k+ people visited the company site, resulting in a lot of sales for the company.

As of November 2022, the company is still in business and is on the shelves at Bed Bath & Beyond, Amazon, and dozens of mom and pop stores across the country.

Squid Socks is doing well all around. They are gaining a great social media presence and are generating an annual revenue of $3 million. The company has expanded beyond baby socks and now produces socks for adults as well.

The cost of socks ranges from $24-$50. Squid Socks has a great reputation for providing relief and comfort to parents knowing that their children’s socks will not come off.

Squid Socks Net Worth

Gabe and Jessica appear on Shark Tank season 11 episode 3 in search of $125,000 for a 20% stake in their company. This equates to a $625,000 valuation.  They accepted an offer from Daymond of $125,000 for a 33% stake which brings the valuation to $378,787.87.

Squid Socks Competitors

There is no competitor identified for Squid Socks.

Squid Socks FAQS

What Is Squid Socks Shark Tank?

Squid Socks is a business that produces baby socks that won’t fall off. The socks are designed to stay on the feet of babies and toddlers, with silicone dots inside the cuff that hold the socks on.

The socks also have elastic banding around the top and a slip-proof tread on the sole to prevent slipping. Squid Socks are made with a blend of nylon, polyester, and spandex that ensures a snug fit.

They are also moisture-wicking, shrink-proof, and resistant to stretching. The socks are colored with dye-sublimation that chemically bonds colors and designs to the fabric, making fading non-existent.

Squid Socks appeared on Shark Tank in episode 1104, where Gabe and Jessica Miller pitched their business and asked for $125,000 for 20% equity.

Daymond John made a deal with them for $125,000 for 33% equity. Since appearing on Shark Tank, Squid Socks has gained a great social media presence and generates an annual revenue of $3 million.

How Does Squid Socks Shark Tank?

Squid Socks appeared on Shark Tank in Season 11 Episode 3, seeking $125,000 for 33% of their business.

Squid Socks are baby socks that stay on, made with a blend of nylon, polyester, and spandex that ensures a snug fit. They are also moisture-wicking, shrink-proof, and resistant to stretching.

The socks have Squiddy Dots on the sole to prevent slipping and elastic banding around the top of the sock so that it wears like a high-performance athletic sock. The socks are colored with dye-sublimation that chemically bonds colors and designs to the fabric, making fading non-existent.

During their Shark Tank pitch, Gabe and Jessica Miller demoed the socks with their kids and handed out samples. They shared that they wanted a strategic partner to help them grow the business and needed help with manufacturing.

They had done $400,000 in sales over. The Sharks were impressed with the product, and Daymond John wanted to help them license their socks.

After the episode aired, 50,000+ people visited the company site, resulting in a lot of sales for the company. Squid Socks has expanded its product line to include socks for adults, with prices ranging from $24-$50. The current valuation of the company is $625,000.

What Happened To Squid Socks Shark Tank?

Squid Socks, a company that sells baby socks that won’t fall off, appeared on Shark Tank in episode 1104. The founders, Gabe and Jessica Miller asked for $125,000 for 20% equity in their business. Daymond John invested $125,000 in exchange for 33% equity in Squid Socks.

After the episode aired, the company received thousands of orders and had a great social media presence. Daymond John’s investment went towards getting more inventory.

As of April 2023, Squid Socks is still in business and is on the shelves at Bed Bath & Beyond, Amazon, and dozens of mom-and-pop stores across the country. The company has an annual revenue of $3 million.

Squid Socks has gained a great social media presence and has received many positive reviews. The company is accessible to all parents and their children, with no limitations, as they make socks in all different sizes and colors, and for all genders.

In summary, Squid Socks is still in business and doing well as of April 2023. Daymond John invested $125,000 in exchange for 33% equity in the company, which went towards getting more inventory.

Squid Socks is on the shelves at Bed Bath & Beyond, Amazon, and dozens of mom-and-pop stores across the country, and has an annual revenue of $3 million. The company has gained a great social media presence and has received many positive reviews.

Is Squid Socks Shark Tank Still In Business?

Yes, Squid Socks is still in business as of February 2023. After appearing on Shark Tank, Squid Socks received funding from Daymond John in exchange for 33% equity in the company. The influx of cash went towards getting more inventory.

The company is still in business and is available for purchase at Bed Bath & Beyond, Amazon, and dozens of mom-and-pop stores across the country. Squid Socks has gained a great social media presence and generates an annual revenue of $3 million.

Squid Socks is a company that produces baby and toddler socks that won’t fall off. The socks have a tread on the inside cuff that keeps them from slipping off. The company was founded by husband and wife duo, Gabe and Jessica Miller.

Before appearing on Shark Tank, Squid Socks had total sales of $40,000 over 16 months of business. However, after the episode aired, the company received thousands of orders and had a surge in sales.

Daymond John is a good partner for Squid Socks as he has built his business in the clothing industry. The deal with Daymond did close, and he still checks in on the Millers regularly. The investment money went into getting more inventory, and the company is currently still doing very well.

What Is The Current Valuation Of Squid Socks Shark Tank?

The current valuation of Squid Socks is $625,000. However, it is important to note that this valuation was sought by the co-founders of Shark Tank, but the funding was finalized at a $378,000 valuation.

As of 2022, Squid Socks founders Jessica and Gabe Miller have a net worth of $3 million.

Squid Socks is a company that produces baby socks designed to stay on the feet of little children. The socks have silicon dots, named “Squiddy Dots” around the ankle area which help grip the skin and prevent them from coming loose.

The company appeared on Shark Tank in October 2019 and received an investment of $125,000 from Daymond John in exchange for 33% equity. After the episode aired, the company received thousands of orders and had more than $100 million in revenue in 2018.

Squid Socks has expanded its product line to include socks for adults, with prices ranging from $24-$50. The company has gained a strong social media presence and generates an annual revenue of around $3 million.

Squid Socks has received positive reviews and is popular among parents who appreciate the socks’ design and functionality.

How much were they seeking in the Shark Tank?

They were seeking $125,000 for a 20% stake in their company, which equated to a $625,000 valuation.

Did they get the deal from the Sharks?

They accepted an offer from Daymond of $125,000 for a 33% stake which a valuation to be $378,787.87.

Are squid socks safe?

Their socks have been third-party safety certified, and their “squiddy dots” are made of skin-safe silicone.

Squid Socks are CPSIA certified through the CPSC (Child Product Safety Certificate).

How do squid socks stay on?

They employ a unique silicone technology on the inner cuff of Baby’s socks that acts like micro-suction cups to keep the socks from sliding off or being tugged off. These socks will not come off unless they remove them.

What episode of Shark Tank was Squid Socks featured?

Squid Socks appears on Shark Tank season 11 episode 3.

When was Squid Socks aired on Shark Tank?

Squid Socks was aired on Shark Tank on October 13th, 2019.

How can they find Squid Socks?

They can find them at Facebook, Instagram, and Pinterest @squidsocksink.

Where are Squid Socks located?

Squid Socks LLC is a company that operates in the Apparel Knitting Mills industry and is based in Everett, Washington.

How much are Squid Socks?

Three pairs cost $24 and come in three distinct patterns.

What are Squid Socks made of?

Squid Socks are constructed of a nylon, polyester, and spandex combination that offers a tight fit.

Are Squid Socks Durable?

Nylon (10%) adds strength, durability, flexibility, and stain resistance to the socks.

What is the net worth of Jessica Miller?

Jessica Miller’s net worth is unavailable.

What is the net worth of Gabe Miller?

Gabe Miller’s net worth is unavailable.