• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

2

Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal

3

College-educated women are snapping up the highest-earning men without college degrees, leaving the rest further behind

1

The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

2

Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal

3

College-educated women are snapping up the highest-earning men without college degrees, leaving the rest further behind
MPW

Why this company isn’t worried it left Shark Tank empty-handed

By
Jaclyn Trop
Jaclyn Trop
Down Arrow Button Icon
By
Jaclyn Trop
Jaclyn Trop
Down Arrow Button Icon
February 27, 2015, 7:00 AM ET
Woodnote Photography
Add Fortune on Google for similar content.

Liz Bohannon started with a chicken farm and advanced to a tank full of sharks.

After graduating from the University of Missouri in 2008, Bohannon traveled to Uganda with the fuzzy goal of helping the country’s women better access higher education.

When experiments in chicken farming and other ventures failed to raise the funds to get the women to college, Bohannon remembered the sandals she constructed during her collegiate days: rubber flip-flop bottoms tied with ribbon, which reduced the flopping noise when she walked across campus.

Bohannon improved upon the design, fashioning them from local materials. She developed a business model that involved employing Uganda’s female high school graduates who couldn’t afford to continue their education and turning a profit healthy enough to fund their schooling. In Uganda, high school graduates are given nine months before matriculating to earn enough money to pay college tuition (averaging between $2,000 and $3,000). Bohannon promised three women that, if they made sandals for the next eight months, they would get to college.

Returning stateside, Bohannon and her now-husband, Ben—a former project manager at a tech company—hawked all of their possessions and bought a Honda Odyssey minivan, which they drove and slept in during a six-month grand U.S. tour to convince boutique owners to order the sandal. “I’ve never taken so many showers with quarters before,” Bohannon said of the truck stops they’d visit for hygiene breaks. “I’d dry my hair by hanging my head out the window on the way to the next boutique.”

It paid off, big time. Now their business, Sseko Designs (Sseko means “laughter” in Lugandan), boasts a track record of bolstering Uganda’s university ranks with women while becoming the country’s largest footwear manufacturer. They formed partnerships with local organizations in Kenya and Ethiopia with the goal of becoming one of the largest employers of women in the region. Eventually, the couple plans to scale Sseko to build a production house that could produce for independent and major U.S. brands.

To get there, Bohannon and her husband appeared on ABC’s reality pitch competition Shark Tank on February 13, presenting their trademark customizable ribbon sandal designs (they also produce shoes, leather bags and other accessories) – but they walked away without funding.

“It was nonstop for an hour without a moment to breathe,” Bohannon said of the original footage. “Sometimes there would be two sharks talking at once, or one shark talking to Ben and another to me.”

During the televised version of the episode, the investors questioned whether the Bohannons’ pitch – 10% of Sseko for $300,000 – overvalued their company. But the couple, which was more than halfway through a $750,000 round of funding when the episode was filmed, had to stick to the same valuation it had already promised its four private investors. They closed on the full amount a month before the episode aired.

“On Shark Tank, they very rarely will give you money based on a valuation you came in asking for,” Bohannon said. “The negotiation is the meat of the show. Our challenge was to keep it positive. At the end of the day, you don’t want to give them any chance to make you look defensive. You’ve seen those episodes where the sharks turn on the entrepreneurs, egos get involved and the whole thing spirals out of control.”

The sharks – Dallas Mavericks owner Mark Cuban, real estate maven Barbara Corcoran, QVC entrepreneur Lori Greiner, technology expert Robert Herjavec and venture capitalist Kevin O’Leary – questioned why Sseko lost $90,000 last year, after three years of profitability, and planned to lose money again this year on projected revenues of $1.9 million.

The Bohannons explained that they plan to return to profitability at the end of 2015 after recovering from the costs of launching closed-toe shoes and woven and leather goods in Kenya and Ethiopia. The sharks also wondered whether Sseko was “hyper-focused” enough on profits or too loyal to a social mission, arguing that the more successful model of helping people is to become rich through business and then donate the money through philanthropy.

“The sharks believe in the classic philanthropy model, which is that if you’re going to do something good, you have to get rich first,” Bohannon said. “They don’t believe in baking in social impact from Day One. But people have a way that they operate and the likelihood that you’re going to show a super successful billionaire entrepreneur another way of seeing things is slim.”

Though they hoped at least one investor would fully support Sseko’s mission and lend visibility and connections to the business, the Bohannons said they knew the odds were stacked against them. Still, their appearance on the show was a boon to Sseko, with a 500-fold increase in traffic to the site and February sales up about 1,000%.

But they’re more interested in long-term results. “We don’t want to be an item business,” Bohannon said. “We want to be a lifestyle brand. We know it will take a few years to pay off, but it’s about belief in the long-run.”

By the end of the school year, Sseko will have sent 60 girls to college and employed about 120 more who are not of schooling age. But the boost in self-esteem Bohannon sees among her employees can’t be quantified. Bohannon remembered one worker, Sharon, who brought her husband, Moses, to tour the factory. “You told me it was all ladies here at Sseko,” she recalled Moses telling Sharon. “But here are machines! So where are the men?”

His respect for his wife grew as Sharon explained each woman’s role in the manufacturing process, from managing production to operating machinery. “He shook my hand and thanked me for the work we’re doing,” Bohannon said. “Then, looking at Sharon, he said, ‘I just had no idea that my wife was such a Big Lady and that ladies can do so much of the work I thought it was only possible for men to do. I am so proud of her and all of these ladies and want to show people what is being done right here in Uganda!’”

Watch more business news from Fortune:

About the Author
By Jaclyn Trop
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in MPW

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in MPW

katty
CommentaryLeadership
Katty Kay: confidence is the skill that turns thoughts into action—and companies need to start teaching it
By Katty KayJuly 26, 2026
17 hours ago
A supporter holds a sign for Democratic candidate for Texas governor Gina Hinojosa while she speaks during a rally.
PoliticsData centers
‘There are no rules. It is the wild west of data centers’: Texas Democratic candidates pounce on AI data center projects in Republican strongholds
By The Associated Press and Marc LevyJuly 24, 2026
2 days ago
Inside Flavor Flav’s unlikely effort to help female Olympians build their brands and careers
NewslettersMPW Daily
Inside Flavor Flav’s unlikely effort to help female Olympians build their brands and careers
By Ellie AustinJuly 22, 2026
4 days ago
Anthea Hartig, Director of the National Museum of American History, looks to her left at a House Committee.
PoliticsWhite House
Smithsonian director denies ‘woke’ label from Trump while defending exhibit on teen’s gender-identity diary
By Steven Sloan and The Associated PressJuly 21, 2026
5 days ago
Cleveland’s WNBA team doesn’t play until 2028 but Progressive just scored jersey sponsorship
SuccessSports
Cleveland’s WNBA team doesn’t play until 2028 but Progressive just scored jersey sponsorship
By Joe Reedy and The Associated PressJuly 21, 2026
5 days ago
jd
PoliticsWhite House
JD Vance becomes first sitting vice president to welcome a child in office in over 150 years
By Darlene Superville and The Associated PressJuly 20, 2026
7 days ago

Most Popular

The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
Real Estate
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
By Nick LichtenbergJuly 25, 2026
2 days ago
Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal
Middle East
Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal
By Jason MaJuly 25, 2026
1 day ago
College-educated women are snapping up the highest-earning men without college degrees, leaving the rest further behind
Economy
College-educated women are snapping up the highest-earning men without college degrees, leaving the rest further behind
By Mia OsmonbekovJuly 26, 2026
16 hours ago
An 11-year-old is cleaning his neighbors' trash cans for $10 each—he now has 100K followers as teens face the worst summer job market since 1948
Success
An 11-year-old is cleaning his neighbors' trash cans for $10 each—he now has 100K followers as teens face the worst summer job market since 1948
By Orianna Rosa RoyleJuly 25, 2026
2 days ago
'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
Economy
'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
By Eleanor PringleJuly 24, 2026
3 days ago
Startups are installing tiny data centers in people’s homes to reduce strain on the beleaguered electrical grid
Environment
Startups are installing tiny data centers in people’s homes to reduce strain on the beleaguered electrical grid
By Sasha RogelbergJuly 25, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.