Muvez

muvezRyan Cruz, Eric Cruz and Kevin Zamora hope for an investment in Muvez, their 2-in-1 indoor/outdoor shoes, in Shark Tank episode 1119. Muvez (pronounced MOVES) are a sneaker that converts into a slipper. The main body of the shoe is the slipper which slides into a removable rubber sneaker sole so you can “leave the dirt at the door.”

The three guys have another partner who isn’t appearing on the show. The four men literally sat around brainstorming ideas and built their first prototypes with tin foil, duct tape and cannibalized sneakers. Initially, they couldn’t get “real” prototypes made by factories, so they literally traveled the world and attended every footwear trade show they could find. Those trips helped them find Lou Carrega, a chemical and rubber engineer with thirty years experience in the sneaker industry.

Carrega mentored the guys and introduced them to Chinese factories that could make the vision for Muvez come true. In September, 2019, they raised $33,873 on Kickstarter to get their first shoes on customers’ feet. They call the sneaker/slipper combo “3 Ams.” Single pairs cost $79.99 and come in black, grey, red and blue with white rubber soles. An interchangeable pack costs $169.99 and comes with two different colored pairs of slippers and two sets of soles: one white, one black. This allows for four different looks.

The guys are just getting started and only sell from their website. They likely want a Shark’s help with overseas manufacturing and distribution. Will a Shark think Muvez is a good fit?

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3 AMs – Muvez Slipper Sneakers

Muvez Shark Tank Recap

Ryan, Eric and Kevin enter seeking $200,000 for 15% of the business. The Sharks like the product but universally fear the amount of consumer education required. They feel it’s too risky to invest in. Mark, Kevin and Robert all go out because of this.

Luckily for the guys, Daymond and Lori like the products. Daymond in particular is also fond of their work ethic. Lori says she’s interested if another Shark goes in with her. Daymond then says he’ll invest $200,000 for 33.3% of the business. The guys ask if Lori is in on the deal too and Daymond says “absolutely not.” Daymond says he wants to license the product and the guys appear excited. They ask if he’ll do $200,000 for 20% and Daymond agrees.

Muvez Shark Tank Update

The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. It’s unclear whether this deal closed or not as of June, 2020 (originally aired April 3, 2020). What is certain is the shoes are out of stock. After appearing in the Tank the first time, they completely sold out of all their stock. The shoes are available for pre-order.

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