Shark Tank Shoelaces - ULace Sneaker Customizing Shoe Laces with U-Lace
Adam Rifkin stashed this in Shark Tank!
How many ways can you customize your shoe laces, and in how many color pattern variations? The idea of using different colored shoe laces is nothing new and something I remember my own kids doing over 10 years ago. What was interesting at the time was about every week or so they would change them around from the half a dozen colors they had to choose from.
The entrepreneur behind the U Lace Brand is Tim Talley, who is destined to change the way millions of people lace up their shoes. According to the U-Lace website, there's already over 40 colors of laces to choose from, and over 40 known lacing patterns that guarantees a very customized look all your own.
The U Lace is already distributed in over 40 countries, so this is far from a New Start-up for the newest Shark Tank product. The cost is only $3.49 for 6 U Laces per pack, which is also a huge positive for keeping these reasonably priced.
U Lace is also one of the Top 100 Finalist for the FedEx Small Business Grant Contest. This contest will award 10 total Business Grants, with the Grand Prize winner receiving $25,000.00 to further expand their business. The voting closes March 24, 2014, so get on over there and help this Shark Tank Product receive an additional $25k in funding.
Mark Cuban funded the deal: $200k for 35%.