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Carly and Charley’s Odd-Sox Project productDeal made in the Den

Dragons' Den Canada Season 11 · Episode 13

Carly and Charley’s Odd-Sox Project

a youth-run charity that collects and donates socks to shelters

A youth-led charity collecting socks for shelters appeared on the Canadian show and left with two Dragons at its original ask.

The ask$25,000for 25% of the business
Implied valuation$100Kask / equity
On-air resultDeal agreed
Founders: Carly Goldhar, Charley Rangel

The pitch

What walked into the Den

Carly Goldhar and Charley Rangel co-founded the Odd-Sox Project, a charitable effort that collects and donates socks to shelters, and brought it to the Den from Thornhill, Ontario.

The pitch aired in Season 11, episode 13, back in 2016, and the pair put $25,000 for 25% on the table. That set an implied value of $100,000 on the project.

After the show

What happened next

The pair took $25,000 for 25 percent, their original ask, partnering with Manjit Minhas and Michael Wekerle rather than accepting a five-Dragon offer at 33 percent. On the public side, the project is documented as a youth-founded initiative that has collected and donated many thousands of pairs of socks to shelters.

Our read

The Hub verdict

A youth-run charitable project asking $25,000 for 25 percent prices the effort at $100,000, though for a donation-driven initiative the equity maths matters less than the mission. Two offers landed, and the kids took the smaller one: Manjit Minhas and Michael Wekerle at the original 25 percent, rather than a five-Dragon group wanting 33. Choosing two engaged partners over a crowded cap table is the right instinct at any age. The project had already gathered and given away many thousands of sock pairs to shelters, and its website still loads, though it has been quiet lately.

Kids took the two-Dragon offer at their own asking price