Sofi Overton Biography
Sofi Overton is an American television personality , inventor , and entrepreneur . She is the founder of the Wise Pocket Products which entails creating socks with pockets . She pitched her idea to the Shark Tank investors and landed funding for her business .
Sofi Overton Age
Sofi Age , Date and place of birth is not known publicly , this section shall be updated once information is available .
Sofi Overton Career
Sofi is a 13-year old young investor who gained fame after appearing on the reality television show Shark Tank and won a deal for her Wise Pocket Products company .
Sofi Overton Shark Tank and Wise Pocket Products
It’s not every day you see a teenager on ABC’s “Shark Tank .”
“I always love to see a #kidtrepreneur in the tank ,” Shark Barbara Corcoran live-tweeted during Sunday’s episode . “It’s an advantage to start your business when you’re young . You have nothing to lose and nowhere to go but up .”
Corcoran was referring to 13-year-old Sofi Overton , who pitched her “sock with pockets” company , Wise Pocket Products , to the investors .
“I created a sock for kids , made by this kid , to make life easier for whatever we’re doing ,” Overton told the Sharks . Wise Pocket makes leggings and socks with pockets to hold phones and other devices , and with each purchase , a pair of socks is donated to children’s shelters across the country .
“I got into this business when I was 11 , said Overton , who told the investors she’d been watching “Shark Tank” since she was 6 .
“My cousin put her phone in her boot . I tried to , and it was really uncomfortable . I asked around my school to see if other kids had this problem , and they did , so I came up with my prototype ,” she said . “I cut off the top of another sock and stuck it inside the sock . And I sowed it up the sides .”
But Overton , who lives in Bentonville , Arkansas , really impressed the Sharks when she explained how she funds her business .
“I save everything that I earn . I invested 10,000 USD of my own money,” she said . “I had saved 5,000USD and I earned 5,000 USD more through business pitches and competitions .”
“Sofi , you’re a perfect example of what every kidtrepreneur should do ,” Shark Mark Cuban said . “You got a job , you saved up some money , you did all the prototypes yourself , then you made actual products , then you sold those products – 16,000USD worth of products ,” he said , referring to the business’s lifetime sales.
Sharks Lori Greiner and Daymond John offered Overton $30,000 for a 33.3% stake in the business . Overton countered , asking the two for $35,000 for a 25% stake .
Sofi Overton Salary
Sofi Salary estimates is still under review , this section shall be updated once information is available .
Sofi Overton Net Worth
Sofi Net Worth estimates is still under review , this section shall be updated once information is available .
Greiner and John accepted.
Greiner and John said in the episode their end goal would be to license the socks , but in the meantime, Overton’s business is more than just a money maker to her . Although the cost to make the sock is high, at 5.47 USD , the Sharks were still interested because of Overton .
“Going into high school is stressful ,” Overton told the Sharks . But “with the Wise Pocket Products , it’s kind of a boost for me, a confidence boost : If I can own a business , then I can go through school ,” she said .
Sofi Overton Family
Sofi Family background and details is not known publicly , this section shall be updated once information is available .
Sofi Overton Husband
Sofia relationship is not known , however ,is said to be young it is not known whether she is dating , this section shall be updated once information is available .
Sofi Overton Education
Sofi , the young and talented inventor , Sofi , is currently focusing on her career as well as her education . There is no known information about her education status . This information will be updated as soon as it has been made available.