Pashion Footwear Net Worth 2022 – What Happened After Shark Tank

A female-founded fashion-tech company from the United States recently made an appearance on the American television show ‘Shark Tank,’ where they received positive feedback.

Pashion was founded to empower women through the development of shoes that were specifically designed for their lifestyles and it has amassed a net worth in excess of $5 million in the mean time.

For decades, women have been pushed to choose between fashion and comfort, work and family, socializing and motherhood, among other things, to survive.

However, Pashion is firm in its belief that women should be free to make their own decisions.

Although Hayley was offered a contract by Kevin O’Leary that included a royalty provision, she ultimately decided against it after extensive negotiations with O’Leary.

Pashion Footwear Quick Facts

Name

Pashion Footwear

Company Net Worth:

$5 Million – *Estimated

Pitch:

Pashion Footwear

Asked for:

$500,000

Deal:

No deal

Shark:

No Shark

Monthly Income:

N/A

What is Pashion Footwear?

It’s a small company with a female-dominated workforce, and it’s doing well (83 percent of the overall employee population).

The concept behind the revolutionary convertible heel design developed by the company has not yet been granted a utility patent, but utility patent applications for the concept have been filed in 30 countries worldwide.

So this unique model is going to continue taking off so long as Pasion Footwear continues to innovate.

Who is Pashion Founder

Pashion Footwear was founded by Haley Pavone, who also serves as the company’s chief executive officer.

In the opinion of Haley Pavone, empowering women to make decisions about their lives allows them to live their best lives possible.

The good news is that you don’t have to compromise on any aspect of your life to achieve your goals of having it all, doing everything, and being everything.

What happened during the pitch?

The fact that Kevin O’Leary had presented Hayley with a contract that included a royalty provision did not prevent her from eventually deciding to reject it after several rounds of negotiations because she believed it would be in the company’s best interests.

While it may be a surprise that she did not accept it, somtimes going the hard rout is in fact what is best for the company to prosper in the future.

The Investment

Pavone has not only exceeded her $500,000 goal, but she has also outperformed it by a significant margin as a result of the filming.

The amount of money Pavone has amassed since the show’s beginning is more than $1 million in cash and assets.

The fundraising campaign for Pashion is still open for business at this time.

However, we are confident that the model will be successful in the long run, provided that they continue to innovate.

Conclusion

The Pashion founder and CEO, Haley Pavone, began bargaining with one of the sharks during her speech, attended by four sharks, and their guest Shark Kendra Scott.

Shark Kevin O’Leary offered Haley a deal, but she ultimately decided that not accepting the deal was the best course of action for her and with a whopping net worth, it is easy to see why.