Xero Shoes is described as “Original Barefootware.” It’s a high-tech shoe that is biomechanically identical to being barefoot while containing an added layer of protection. Robert is the only shark who is a runner, so he tries out the product. He thinks the shoes feel great. They’ve sold over $650,000 in shoes over the past two and a half years. They are on track for $1.2 million in sales for the year.
The only offer Lena and Steven have on the table is from Kevin for 50% of their company. They are not willing to give up that much equity at this time, so they decline the offer. Mr. Wonderful says they are dead to him. That just makes Lena and Steven want to prove to that he made the wrong decision.