Two Asian Americans who adore sneakers are Sam Hyun and Adam King. They brought an enormous concept to Shark Tank. Their goals are to uplift their community and change the way that people perceive sneakers. They requested $100,000 for a 15.87% stake in their business.
1587 Sneakers is the name of their footwear brand. The year that the first Asian immigrant to America arrived is referenced in the name. Their goal is to demonstrate how long Asian Americans have been a part of this nation. Premium materials are used to make the trainers.
They feel wonderful and look fantastic. Sam and Adam anticipate that the sneaker industry will be significantly influenced by their sneakers. Will the entrepreneur get a deal on Shark Tank? Check out our 1587 Sneakers update to find out!
1587 Sneakers Net Worth Shark Tank Update 2025
Sam Hyun and Adam King asked for a $100,000 investment in exchange for 15.87% equity in their company. This meant they valued their company at approximately $630,000. However, they did not secure a deal on the show. After the show aired, 1587 Sneakers saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate, the current net worth of 1587 Sneakers in 2024 is about $924,000.
As per the 1587 Sneakers update, 1587 Sneakers failed to land a deal on Shark Tank. However, Sam and Adam continue to pursue their passions despite this. They continue to put in a lot of effort to promote their brand. They heard what the Sharks had to say. They acted upon certain advice one of which was to concentrate on selling to clients directly via the Internet.
They are gaining more knowledge on how to engage their audience and develop their brand. The firm is still operating in 2024. Along with increasing production, they are focussing on enhancing their marketing. Even though they don’t have a large physical presence they are actively building a vibrant online community.
Adam and Sam were unable to close a deal on Shark Tank. For 15.87% of their business, they requested $100,000. The Sharks found their concept and zeal appealing. However many of them believed that it was too difficult to get into the sneaker industry. According to several Sharks, the business did not have enough stability. Some believed that the brand was not yet ready for retail. All the Sharks went out in the end. However, Sam and Adam followed the suggestion to concentrate on direct sales to consumers.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Rashaun L.Williams | Out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
1587 Sneakers Shark Tank Pitch
1587 Sneakers was founded by Sam Hyun and Adam King. Sam is a huge fan of trainers. He’s long been an avid fan of trainers. He has more than 20 years of experience in the footwear business. Sam believed that in the sneaker community, Asian Americans were viewed as followers. He desired to alter that. His love for his heritage inspired him to start a sneaker company that narrates its history.
Adam King shares this mission’s convictions. Collectively their goal is to demonstrate that Asian Americans have lived in America for hundreds of years. The first Asian immigrant to arrive in North America was in 1587. Their company’s name was inspired by this history.
Sam and Adam began their pitch by mentioning how much they loved trainers and how their brand was inspired. They clarified that Asian Americans have a significant influence on the shoe market and are huge fans of sneakers. Sam related his own experience of cutting it out on the streets in order to afford trainers. The Morrow Bay and the AP87 are the two shoe models they displayed.
They emphasized that Morrow Bay symbolizes the place where the first Asian immigrant to America came from and is a nod to basketball footwear from the 1980s. The finest leather and natural rubber are used to make the trainers. Both the shoes’ style and craftsmanship are excellent. Sam and Adam requested $100,000 in exchange for 15.87% of their business.
The 1587 Sneakers raised a lot of issues for the Sharks. Kevin O’Leary questioned the business plan of the organization. Was it their goal to sell directly to customers? Yes, they were Sam and Adam agreed. Kevin questioned about the source of their products as well. Sam clarified that they had been producing in Italy up to this point. But in order to cut expenses they intended to shift 90% of their production to Asia.
Their production expenses would drop from $110 to $50 for each pair as a result. Their marketing was another question the Sharks had. Although Sam and Adam stated that their target market was Asian Americans they thought that everyone could use their product. Additionally, they claimed that although the company’s Instagram account at the time had only 7,000 followers, Sam had a sizable social media following.
The Sharks’ opinions of 15.87 Sneakers were divided. Lori Greiner stated that she left early and wasn’t a sneakerhead. She didn’t think she was a good fit for the company. Rashaun Williams left as well. He claimed that entering the retail space would be challenging due to the intense rivalry in the shoe sector. He thought the corporation faced too many obstacles in the future.
Mark Cuban didn’t think Rashaun was right. He believed that 15.87 Sneakers’ primary focus should remain on direct sales to consumers. He advised them to take charge of their own lives and avoid becoming sidetracked by shopping. But he also chose not to make an investment. Every Shark was eliminated in the end. They did not close a deal but they did provide the entrepreneurs with helpful advice.
What Went Wrong With 1587 Sneakers On Shark Tank?
The Sharks declined to invest in 1587 Sneakers for a few different reasons. The Sharks were first worried about the company’s slow growth. They believed that the brand was still too unknown and lacked enough fans to warrant a significant financial commitment. Secondly, the Sharks believed the business was attempting to expand too quickly.
They believed entering the retail space would be dangerous and harmful to the company. Sam and Adam were instructed by the Sharks to concentrate on direct-to-consumer sales rather than trying an early retail expansion. The difficulties facing the sneaker industry finally concerned the Sharks. They weren’t sure if 1587 Sneakers would be able to differentiate in the very competitive market.
Product Availability
1587 Sneakers sells premium sneakers constructed from the finest rubber and leather. The Morrow Bay has the appearance of basketball trainers from the 1980s. It has a strong historical link while being elegant and easy to wear. A timeless tennis shoe suitable for any setting is the AP87. These trainers are well-made and stylish. The business uses its website to sell its goods online.
The trainers are expensive the Morrow Bay model costs $175. They are considered luxury goods. Sam and Adam have concentrated on safeguarding the quality of their products at an affordable pricing. Customers will be able to purchase 1587 Sneakers on the company website as of 2024. In an effort to reach more individuals, the business has also sought to increase its social media presence.
Conclusion
1587 Sneakers’ experience on Shark Tank was thrilling. Sam and Adam entered the room bearing a powerful message about pride and the past. Their goal was to challenge the stereotype that Asian Americans only wear trainers. Despite not landing a deal, the guidance they got allowed them to expand their company.
The Sharks emphasized how crucial it is to maintain your attention on direct-to-consumer sales. They also emphasized how important it is to develop a wider following and brand. 1587 Sneakers is still operating and expanding now.
The company’s narrative is one of perseverance and devotion. Sam and Adam have persisted in spreading their message around the globe while remaining loyal to their original plan. Watch this brand as they go on their next major venture, possibly accompanied by a shark.
Check out other companies from the episode:
Before you go, please check out all Shark Tank Season 16 Products.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
