Baubles + Soles Net Worth Shark Tank Update 2025

Children outgrow their shoes even more quickly as they develop. Parents may find this frustrating. Finding shoes that look good and last is difficult. Duc Nguyen and Lisa enter the picture here. In order to support parents like them they founded Baubles + Soles. Their concept was straightforward. They produced shoes with removable little ornaments. 

Therefore the shoes would remain fashionable even if children grew up quickly. In Season 11 they presented their concept to Shark Tank. They wanted to sell 15% of their business for $100,000. Will the entrepreneur get a deal on Shark Tank? Check out the Baubles + Soles update to find out!

Baubles + Soles Net Worth Shark Tank Update 2025

Lisa and Duc Nguyen asked for a $100k investment in exchange for 15% equity in their company. This meant they valued their company at $666,667. They made a deal with Daymond John for $100k in exchange for 25% of their company. This new deal valued their company at $400,000. After the show aired, Baubles + Soles saw a big increase in website traffic, sales, and social media exposure. However, the company shut down in 2023.

Following Shark Tank, Baubles + Soles got off to a great start. Duc and Lisa made an effort to expand their company. They continued trying to satisfy their parents and sell their shoes. However, occasionally things don’t work out as expected. Baubles + Soles had to shut down by March 1, 2023. 

They declared on Instagram that they were going out of business. The business failed despite the founders’ dedication and hard work. It is sad to witness the demise of a brilliant project. Despite its closure, Baubles + Soles provided assistance to numerous families during its existence. Lisa and Duc went on to other efforts and Baubles + Soles is no longer in operation as of 2024.

Baubles + Soles did indeed land a deal. Lisa and Duc requested $100,000 in return for 15% of their business. Daymond John gave them a deal after knowing more about the product and hearing their tale.

He was prepared to contribute $100,000 but only in exchange for 25% equity rather than the 15% they had first requested. After a little thinking, Lisa and Duc accepted the arrangement. They thought that Daymond’s participation would aid in the expansion of Baubles + Soles.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Daymond John	$100,000 for 25% equity	N/A	Yes
Lori Greiner	Out	N/A	N/A
Kevin O’Leary	Out	N/A	N/A
Robert Herjavec	Out	N/A	N/A
Mark Cuban	Out	N/A	N/A

Baubles + Soles Shark Tank pitch

The story of Lisa and Duc Nguyen is one of inspiration. Vietnam is where Lisa was born. She departed Vietnam in a small fishing boat with her mother when she was a toddler. It took them three years in a camp for refugees before they were allowed to escape. Lisa was raised in Australia after that. Later, she performed pro bono work in the Philippines to aid other refugees. After traveling to America, Lisa began her career as an entrepreneur. 

Duc was born and raised in Montreal Canada. He also had a great sense of business. They created Baubles + Soles together. They had a similar issue. Which led them to develop the product. They wanted a solution that would work for both parents and children because the child outgrew shoes so quickly. They also wanted the shoes to be stylish and fun for kids to wear. Their goal was to make life easier for families like theirs.

Lisa and Duc were fervent when they arrived at Shark Tank. They proudly displayed their product. They designed shoes with removable ornaments that could be changed out. As a result, children could continue to wear the same shoes as they grew up. Duc and Lisa requested $100,000 in return for 15% of their business. They discussed their sales with the sharks and presented their business plan. 

The sneakers cost $11 to make and sold for $49.95. The interchangeable decorations are called baubles and cost between $12.95 and $16.95 each. Wholesale accounted for the majority of their sales at the time. The sharks paid close attention as Lisa and Duc described the journey and objective.

Regarding Baubles + Soles, the sharks had a lot of questions. They were interested in learning more about how the business was operating and how the product operated. A few sharks were concerned about issues with inventory. They believed that keeping track of all the various shoe sizes and baubles may be challenging. Robert Herjavec enquired about their internet sales as well.

He was concerned that their direct sales to consumers were not generating enough revenue. According to Mark Cuban, the product was too comparable to other sneakers that were available for purchase. In the overcrowded shoe market, he struggled to understand how Baubles + Soles could differentiate itself. Kevin O’Leary was not interested in investing in shoes but he did like the company’s valuations. After hearing the opinions of each shark Lisa and Duc did their best to answer every question.

The majority of sharks were not interested in investing, despite the fact that some were drawn in by the Baubles + Soles story. The first shark out was Daymond John. He thought it would be too hard to keep track of the shoes and baubles. Additionally, Robert Herjavec left due to his worries regarding internet sales. Kevin O’Leary and Mark Cuban declined because they didn’t understand the shoe industry’s potential. Lori Greiner respected Lisa and Duc and adored the product. 

However, she chose not to invest because she believed the path would be too difficult. Lisa and Duc appeared to have lost all hope. However, Lisa’s determination paid off. She kept pitching even after all the sharks were out. Daymond John was concerned about this. He returned with an offer after admiring her determination. They accepted his offer of $100,000 in exchange for 25% of the business.

What Went Wrong With Baubles + Soles  On Shark Tank?

Despite getting an agreement, Lisa and Duc had to conquer many challenges. The sharks were right to be worried about the company. Among the most significant problems was inventory management. There were simply too many different shoes and baubles to count. Another concern raised by Robert Herjavec was the poor volume of their web sales. 

The product according to Mark Cuban was too similar to other children’s shoes available on the market. They had an original concept but it was difficult to stand out in the shoe market. Ultimately these issues might have played a part in Baubles + Soles’ downfall. The business failed to thrive despite a deal with Daymond John.

Product Availability

Shoes with Baubles + Soles were renowned for their unique look. They included removable baubles to change the shoes’ appearance. Parents or children could switch out the baubles as frequently as they desired. This extended the shoes’ lifespan. Which was beneficial because children outgrow shoes so rapidly. The baubles ranged in price from $12.95 to $16.95, while the shoes were offered for $49.95. 

They were available for purchase by parents online or at physical establishments that offered children’s shoes. Baubles + Soles had a website where shoppers could buy products for a while. Unfortunately, the website is no longer operational. Baubles + Soles is no longer for sale after shutting down in March 2023.

Conclusion

For parents who wanted shoes that could develop with their children, Baubles + Soles was a fantastic idea. Lisa and Duc Nguyen produced a unique and fashionable product. They were successful in landing a deal with Daymond John thanks to their passionate Shark Tank pitch. Lisa and Duc kept trying in the face of difficulties. 

Even when the sharks doubted themselves, they persisted in their progress. Regretfully Baubles + Soles was unable to compete in the shoe business. The business closed its doors in March 2023. Even though Baubles + Soles is no longer in operation their journey is one of hard work and creativity. Lisa and Duc might have another brilliant concept in the future. They still have a long way to go.