"Don't need any partners in this" — When Shark Tank's Daymond John proposed a solo deal to One Sole

On Shark Tank, Daymond John is renowned for having a keen business sense. He was ready to make a move after One Sole presented their innovative replaceable shoe concept. Dominique McClain Barteet founded the company, which provided a fashionable and useful footwear option that let users switch out different tops on a single sole. Several sharks were interested in Dominique because of her strong sales figures, but Daymond saw the obvious way forward.

Daymond used an alternative strategy in contrast to the other Sharks, who thought about collaborating. He demonstrated his tremendous belief in the product by declaring with confidence that he didn't need any partners in the deal. He offered Dominique $500,000 in exchange for a 35% share in the business as a solo investment. His offer was convincing because of his straightforward demeanor and extensive knowledge of the fashion industry.

After some back and forth, Dominique finally agreed to Daymond's terms. He recognized the potential in One Sole without the need for other partners; therefore, his decision to make the investment alone paid off.

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When One Sole founder, Dominique pitched her innovation on Shark Tank Season 2 Episode 9

In Season 2 Episode 9, Dominique McClain Barteet, the founder of One Sole, debuted a revolutionary footwear invention on the Shark Tank stage. Customers could easily alter styles with her brand's replaceable shoe tops. She wanted to get an investment to grow her company, and she had a clear vision and good sales.

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Dominique McClain Barteet pitches One Sole

Dominique McClain Barteet confidently pitched One Sole, a distinctive line of interchangeable shoes, when she first appeared on Shark Tank. She emphasized how her creative shoe design was both functional and fashionable, enabling buyers to switch out several tops on a single sole.

Dominique arrived with a wealth of sales data, demonstrating that One Sole had already made $20 million. The Sharks took notice of her success story when she described how the product had become popular in a number of physical places and online.

Dominique requested $500,000 in return for a 20% share in One Sole in order to raise money to grow her company. Her demonstrated sales and profit margins captivated the Shark Tank experts, but others were wary of the scalability and valuation. Dominique maintained her composure in the face of the worries, highlighting the potential for her brand to expand with the correct strategic partner. This sparked a heated negotiation that ended with Daymond John making an unexpected single offer.

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Daymond John offered solo mentorship to One Sole

Several showed interest in One Sole when Dominique McClain Barteet introduced it, but they were hesitant due to the valuation. While some believed the company was already profitable and didn't require outside investors, others, including Kevin O'Leary, had doubts about its long-term scalability. No shark was prepared to match her initial request, even though the revenue was an amazing $20 million.

However, Shark Tank's Daymond John thought One Sole had a lot of promise and suggested a solo contract. He stressed that he could personally mentor Dominique and aid in brand expansion when he offered $500,000 in exchange for a 35% interest. She gave Daymond's offer much thought before accepting it, establishing a strong alliance.

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More episodes of Shark Tank are available for the fans on ABC.