It’s ridiculous” — When Shark Tank investor Kevin O’Leary criticized Bombas’ valuation on the show 

Shark Tank has seen its fair share of hardcore pitches and harsh criticism from the experts, but when Kevin O'Leary criticized Bombas' valuation, it triggered a contentious discussion. Randy Goldberg and David Heath, the founders of the premium sock company, entered the tank in Season 6, Episode 1, asking for $200,000 in exchange for a 5% share. The company's $4 million value raised concerns, especially for O'Leary.

Kevin didn't hold back when the entrepreneurs appeared on the show and revealed their offer. He questioned the figures and rationale behind a sock company's valuation. Although the idea was admirable, he contended that the math didn't match up. He even said that none of the experts on Shark Tank should invest in the business.

"If any of these Sharks give you money at that valuation I will forbid it, it's ridiculous."

Despite O'Leary's doubts, Daymond John, who trusted the founders' vision and retail experience, agreed to a contract with Bombas. Bombas would become one of Shark Tank's most profitable investments, proving that choice to be revolutionary.

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When Bombas' founders pitched their sock company on Shark Tank Season 6 Episode 1

David Heath and Randy Goldberg entered Shark Tank with the goal of using a social impact strategy to transform the sock industry. They wowed the sharks with their objective, but their $4 million valuation caused controversy, particularly from Kevin O'Leary.

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Bombas' founders pitch on the show

They started off as a premium sock company that offered a buy one, give one strategy, which meant that for each pair of socks sold, a pair would be donated to a charity.

Over the course of nine months, the company made $450,000 in sales, and by the end of the year, they predicted revenue of $1.1 million. With a $4 production cost per pair, the socks sold for $9 at retail.

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Kevin O'Leary questions Bombas' valuation

Kevin O'Leary didn't waste any time in questioning Bombas' financial plan and their valuation. Their buy-one, give-one strategy raised doubts in O'Leary's mind too.

While O'Leary and the other sharks were hesitant, Daymond John viewed Bombas' scalability and branding as potential. He leveraged his clothing experience to assist the business by offering $200,000 for 17.5% stock. After negotiation, a deal of $200,000 for 17.5% stock was reached. Bombas went on to make over $225 million in lifetime sales, demonstrating that its business plan was far from defective, making this deal one of the show's greatest success stories.

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Watch more such Shark Tank's success stories on ABC.