GoodHangups Shark Tank Update

GoodHangups Shark Tank Pitch

Leslie Pierson appeared on Shark Tank Season 8, Episode 2, which aired on September 30, 2016, with magnetic sticker-based wall hanging system for posters, pictures, prints and more.

GoodHangups is listed in the Accessories Gadgets category. In plain terms, the business is described as magnetic sticker-based wall hanging system for posters, pictures, prints and more.

GoodHangups asked the Sharks for $100,000 for 10%, implying a valuation of about $1 million.

On the show, GoodHangups made a listed deal with Lori Greiner for $100,000 loan for 10%, 20% if unpaid after a year.

If treated as straight equity, the listed deal works out to about $1 million implied valuation, roughly the same implied valuation as the ask.

This pitch is included as context for the more important question: what happened after Shark Tank.

GoodHangups After Shark Tank

GoodHangups accepted an on-air Shark Tank deal for $100,000 loan for 10%, 20% if unpaid after a year. The on-air deal closed. The company is still in business. (GoodHangups Shark Tank Update - What Happened After $5M?

GoodHangups reported sales of $5.3 million. (GoodHangups Shark Tank Update - What Happened After $5M?

The deal with Lori closed, and they went on QVC together. (GoodHangups Shark Tank Update - What Happened After $5M?

Sources

Sources used for this page: Shark Tank API pitches