Grace & Lace

Grace & Lace

Deal

Knitted Boot Socks - Women's Accessories

Grace & Lace, the knitted boot socks - women's accessories, landed on the national radar after pitching the sharks in Season 5, and convinced Barbara Corcoran to invest.

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From the show

The Shark Tank pitch

$175K
Asked for
10%
Offered equity
$1.8M
Sought valuation
$88K
Deal amount
10%
Deal equity
$1.8M
Deal valuation

Rick and Melissa Hinnant faced the sharks in Season 5, Episode 10 in the episode that aired November 22, 2013, bringing their Austin, TX business with them. Grace & Lace, the knitted boot socks - women's accessories, pitched in the Fashion & Beauty category, one of 239 fashion & beauty businesses to brave the Tank across all 17 seasons.

They came in asking $175,000 in exchange for 10% equity, putting a $1.8M valuation on the business.

Barbara Corcoran made the deal at $87,500 for 10% equity. The deal valued the company at $1.8M.

Across Season 5, 60 of 116 pitches ended in a handshake. In the Fashion & Beauty category overall, roughly 58% of pitches have landed a shark across the show's history.

Is Grace & Lace still in business?

Read our 2026 update on where the company is now.

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Frequently asked questions

Where can I buy Grace & Lace?

Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name. The company's official website is another option.

Did Grace & Lace get a deal on Shark Tank?

Yes. Grace & Lace closed a deal for $87,500 in exchange for 10% equity, with Barbara Corcoran.

Which shark invested in Grace & Lace?

Barbara Corcoran invested in Grace & Lace ($87,500 total as aired).

What season of Shark Tank was Grace & Lace on?

Grace & Lace appeared in Season 5, Episode 10, which aired November 22, 2013.

How much was Grace & Lace asking for on Shark Tank?

The founders asked for $175,000 for 10% of the company, a $1.8M valuation.

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