
HYPD
DealFootwear and apparel
HYPD appeared on Shark Tank in Season 15.
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From the show
The Shark Tank pitch
- $125K
- Asked for
- 5%
- Offered equity
- $2.5M
- Sought valuation
- $350K
- On-air deal amount
- 25%
- Deal equity
- $1.4M
- Implied equity valuation
Cheng Kue and Marc Herzberger presented HYPD in Season 15, Episode 21. The episode aired April 19, 2024. The business was listed in Anaheim, CA.
On the carpet, the number was $125,000 for a 5% stake, which valued the company at $2.5M.
HYPD reached a recorded on-air agreement with Barbara Corcoran for $350,000 and 25% equity. The record lists a $1.4M implied deal valuation, compared with the $2.5M requested valuation. These are the reported on-air terms, not confirmation that funding was completed.
HYPD appears among 87 Season 15 pitches; 59 are recorded as accepted on-air deals. Across 241 fashion & beauty pitches with known outcomes in the index, 58% are recorded as accepted deals.
The full story
Everything to know about HYPD
HYPD, also known as The Hype Company, makes custom modular footwear, most notably recovery slides with interchangeable straps and bases so fans can personalize them with team logos, photos, and designs. The brand was founded by Cheng Kue and Marc Herzberger and is based in Denver, Colorado. Cheng brought deep footwear-industry experience, having worked with major shoe brands, which shaped the modular, made-to-order approach.
The pair came into Season 15 asking for 125,000 dollars for a 5 percent stake. The pitch hit a rough patch as the sharks balanced the valuation against the business, and several stepped out. Barbara Corcoran ultimately stepped in to save the deal, negotiating to a larger investment and equity share than the original ask, structured with cash and a credit line to fund growth.
HYPD stood out for its customization angle and the founders' real footwear pedigree, which gave the modular slide concept credibility. The drama of nearly leaving without an offer before Barbara stepped in made the segment memorable. The idea that fans could build slides featuring their favorite team or even their pet gave the brand an obvious hook in the sports and merchandise world.
Where HYPD is now
After airing, HYPD used Barbara's backing and the show's visibility to expand operations and pursue licensing partnerships, including officially branded collegiate slides. The brand built out its customization options and leaned into its fan-merchandise positioning, pairing the modular design with plant-based midsole materials.
As of 2026 The Hype Company is still operating and selling through its official site at hype-company.com, where customers can build custom slides and shoes. The brand continues to manufacture in Denver and emphasizes quick, made-to-order production. It runs as an active custom-footwear business focused on sports fans and personalized designs.
Where to buy HYPD
HYPD slides and custom footwear are sold through the official site at hype-company.com, where you design your pair by choosing bases and interchangeable straps. A purchase gets you customizable recovery-style slides built with plant-based midsole materials and made to order. They are a good fit for sports fans who want personalized gear or anyone who likes the build-your-own approach. Because they are custom, expect to pay more than a generic slide and allow time for production.
Is HYPD still in business?
Read our 2026 update on where the company is now.
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Frequently asked questions
Where can I buy HYPD?
Check current availability on the company's official website. We have not verified an active Amazon listing for HYPD.
Did HYPD get a deal on Shark Tank?
HYPD reached a recorded on-air agreement with Barbara Corcoran for $350,000 and 25% equity. The record lists a $1.4M implied deal valuation, compared with the $2.5M requested valuation. These are the reported on-air terms, not confirmation that funding was completed.
Which shark made an on-air offer to HYPD?
Barbara Corcoran appears in the recorded on-air terms for HYPD. The deal answer above gives the recorded structure.
What season of Shark Tank was HYPD on?
HYPD appeared in Season 15, Episode 21, which aired April 19, 2024.
How much was HYPD asking for on Shark Tank?
The founders asked for $125,000 for 5% of the company, a $2.5M valuation.
What does HYPD sell?
HYPD, also called The Hype Company, sells custom modular footwear, especially recovery slides with interchangeable straps and bases. Customers can personalize them with team logos, photos, and designs, and the midsoles use plant-based materials.
Where is HYPD based?
HYPD is based in Denver, Colorado, where it handles its made-to-order production. It was founded by Cheng Kue and Marc Herzberger, and Cheng has an extensive background in the footwear industry.
Is HYPD still in business?
Yes. The Hype Company is still operating in 2026, selling custom slides and shoes through hype-company.com and pursuing licensing partnerships, including collegiate-branded designs.
Shark Tank Index may earn a commission on purchases made through links on this page. Deal figures reflect what aired; terms sometimes change after the show.
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