Leslie Pierson was facing an issue. She wished to showcase her son’s art while protecting the walls. Nails and heavy frames simply weren’t suitable for her. Therefore she developed GoodHangups. GoodHangups is a product that employs magnets and adhesive strips to effortlessly display pictures without damaging the wall. Leslie appeared on Shark Tank to present her concept.
She requested $100,000 in exchange for 10% ownership of her company. Following her presentation Lori Greiner reached an agreement with Leslie. She proposed $100,000 in exchange for a 10% stake in GoodHangups. Will the entrepreneur get a deal on Shark Tank? Check out the GoodHangups update!
GoodHangups Net Worth Shark Tank Update 2025
Leslie Pierson asked for a $100k investment in exchange for 10% equity in her company. This meant she valued her company at $1 million. She made a deal with Lori for $100k in exchange for 10% equity, with the condition that Lori’s equity would increase to 20% if her investment was not repaid within a year. This new deal valued her company at $1 million. After the show aired, GoodHangups saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of GoodHangups is about $1.46 million.
In our GoodHangups update research, GoodHangups experienced significant success right after Shark Tank. The item became prominent on QVC and various online stores such as Amazon. Leslie also obtained agreements with well-known retailers such as Bed Bath & Beyond and buybuyBaby. Between 2016 and 2019 the firm generated $5.3 million in overall sales and by 2022, its revenue hit $1 million per year.
Despite this achievement, the firm faced challenges. By the middle of 2022 inventory issues turned into a significant concern. The GoodHangups site indicated that products were “out of stock” and on Amazon, they were labeled as “Currently Unavailable.” Social media postings also ceased by June 2022.
Despite the company halting its operations Leslie continues to feature GoodHangups as active on her LinkedIn profile. This implies that the company could resume operations later on. Currently, Leslie is concentrating on her new business Hot Taco Inc. where she holds the position of President.
In terms of the GoodHangups update, Indeed Leslie Pierson clinched a deal for GoodHangups on Shark Tank. She requested $100,000 in return for 10% ownership. Her presentation amazed multiple Sharks. Lori Greiner swiftly recognized the product’s potential and proposed $100,000 for a 20% stake. Daymond John then offered $100,000 for 15% while Kevin O’Leary responded with $100,000 for the sought-after 10%.
Leslie discussed with Lori to align with Kevin’s conditions. She suggested $100,000 for 10% equity along with an additional condition. If Lori didn’t get her investment returned within a year her equity share would rise to 20%. Lori accepted these conditions. This agreement provided Leslie with the necessary backing to increase production and access significant retail markets.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Lori Greiner | $100,000 for 20% equity | $100,000 for 10% equity, with an increase to 20% if not repaid in 1 year | Yes |
| Daymond John | $100,000 for 15% equity | N/A | N/A |
| Kevin O’Leary | $100,000 for 10% equity | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
GoodHangups Shark Tank pitch
Leslie Pierson an entrepreneur and mother developed GoodHangups to address a straightforward yet prevalent issue. She aimed to showcase her son’s art without harming the walls. Conventional options such as nails or tape tended to be either excessively permanent or resulted in untidy residue. Motivated by this challenge Leslie created a solution that was reusable, user-friendly, and wall-safe.
The development of GoodHangups came with its difficulties. Leslie began with a restricted budget. She needed to investigate materials and improve her design to guarantee the product was adaptable and of superior quality. Locating the appropriate adhesive that effectively bonded various surfaces such as brick, tile and wood proved to be especially challenging.
Leslie encountered difficulties in production as well. It was challenging to ensure the product could be produced economically without sacrificing quality. Moreover, as a new entrepreneur, she needed to figure out how to promote and sell her product. In spite of these challenges, Leslie continued to push forward motivated by her goal to develop a product that would assist families and individuals in decorating their areas effortlessly and inventively.
Leslie started her presentation on Shark Tank by describing the issue she aimed to address. Numerous parents similar to her wished to showcase their kids’ art without harming the walls. GoodHangups presented an innovative solution. The item employed magnets and adhesive strips to display artwork posters or photos on different surfaces without causing damage.
Leslie presented noteworthy sales figures to the Sharks. In a little over a year, GoodHangups achieved $450,000 in revenue. Fifty percent of these sales originated from QVC while the remainder came from more than 100 retail outlets such as The Paper Store. She also disclosed outstanding profit margins. Producing an 8-pack of GoodHangups required $2.25 while it retailed for $14.99.
Leslie sought $100,000 from the Sharks in return for 10% ownership in her business. She required the funding to increase production and reach bigger retailers such as Target and Walmart.
The Sharks posed numerous inquiries regarding GoodHangups. Kevin O’Leary inquired about the sales statistics. Leslie disclosed that she generated $450,000 in income over the course of a year. This attracted the Sharks’ notice. Lori Greiner remarked that she recognized the product from QVC previously.
Mark Cuban inquired about scalability. He was curious if Leslie could manage substantial orders from major retailers. Leslie confirmed to him that she had a strategy ready to increase production.
Daymond John asked about the flexibility of the product. Leslie described that GoodHangups could be used on numerous surfaces such as wood, brick, tile, and concrete. This made the item attractive to a broad spectrum of consumers.
Robert Herjavec examined the intended market. Leslie mentioned that her product was favored by parents, teenagers, and children who enjoyed regularly updating their wall decorations.
The Sharks additionally talked about prices and profit margins. Leslie wowed them with her profit margins detailing that each unit had a production cost of $2.25 while selling for $14.99.
The Sharks reacted favorably to Leslie’s proposal but their views on the agreement differed. Mark Cuban appreciated Leslie and the product but believed he wasn’t the ideal match and chose to decline. Robert Herjavec also stepped back expressing that he wasn’t keen on the arts and crafts industry.
Lori Greiner presented the initial proposal: $100,000 for 20% ownership. Daymond John then offered $100,000 for a 15% stake. Kevin O’Leary went lower, proposing $100,000 for the sought 10% equity. Kevin even urged Leslie to utilize his proposal to secure a better arrangement with Lori.
Leslie rejected Lori’s proposal. She offered $100,000 for a 10% stake with a stipulation. If Lori did not receive her investment return within a year her ownership share would rise to 20%. Lori accepted these conditions and the agreement was concluded.
What Went Wrong With GoodHangups On Shark Tank?
GoodHangups made a deal but a few Sharks opted not to invest. Mark Cuban believed the product did not align well with his expertise. Robert Herjavec never envisioned himself making contributions to the arts and crafts industry. These factors prevented them from extending offers.
Product Availability
GoodHangups is an innovative solution that was created to showcase artwork and posters while preserving wall integrity. The item utilizes magnets and sticky strips to fasten objects to different surfaces. It operates on wood, brick, tiles, concrete and rough surfaces.
Following its appearance on Shark Tank GoodHangups was made available on QVC and in prominent stores such as Bed Bath & Beyond and buybuyBaby. It was also accessible on Amazon. Nevertheless, by the middle of 2022, the product was no longer available because of stock problems.
Conclusion
GoodHangups had a strong start after Shark Tank. The partnership with Lori Greiner helped Leslie grow her business and gain visibility in major markets. While inventory challenges have paused operations the product remains a clever solution for wall décor. Leslie’s journey shows her resilience and creativity as an entrepreneur.
Hey there, I’m Fatima Muhammad, an International Relations student, with a focus on the strategic dynamics of global relations, One of my favorite shows is Shark Tank. I love it because it showcases the creativity, determination, and strategic thinking of entrepreneurs, which I find inspiring. The show also teaches valuable lessons about innovation, business dynamics, and the importance of perseverance in the face of challenges. Read more About me.
