What Happened To Mighty Carver After Shark Tank?
Facebook By Amberly Mckee/Updated: Feb. 15, 2023 2:34 pm EST
Business pitches involving kitchen tools have been known to do well on ABC’s “Shark Tank.” A good example of a successful product is Scrub Daddy, a sponge in the shape of a smiley face. After its appearance on “Shark Tank,” the product became the show’s best-selling, and as of 2022, the company’s revenue was $300 million. Another kitchen item that rose to popularity is the EZPZ mat, according to Shark Tank Blog. The product is essentially a two-in-one mat and plate that suctions to the tabletop to reduce messes. As of summer 2022, the company was worth $20 million.
“Shark Tank” is a TV show where real-life investors make real-life offers to entrepreneurs. Per ABC, investors include business icons such as Mark Cuban, Kevin O’Leary, Robert Herjavec, Barbara Corcoran, Daymond John, and Lori Greiner. When the owners of Mighty Carver pitched to the investors, they were likely hoping for the same success that past kitchen tools garnered.
Daymond John carves up a deal
Leonard Zhukovsky/Shutterstock
As they entered “Shark Tank,” Kim and Lance Burney sought $100,000 for a 20% cut of their business (via Shark Tank Blog). Kevin O’Leary was the first to throw out an offer, but Daymond John asked for a smaller percent of the company, making him the clear choice. Mighty Carver ended up with an offer of $100,000 for 25% of the business instead of the original ask of 20%. Luckily, the slight increase in John’s cut didn’t seem to hinder the company. As of 2021, Mighty Carver has sold over $8 million worth of product.
According to the company’s website, the original electric knife is still the Mighty Carver’s sole focus. Today, it sells for $74.99. It’s advertised as easy to clean, surprisingly lightweight, and ergonomic for optimal control. The blades are made of stainless steel for durability, and both blades as well as the plastic guard can be removed and safely cleaned in a dishwasher.
What Happened To Mighty Carver After Shark Tank?
By Amberly Mckee/Updated: Feb. 15, 2023 2:34 pm EST
Business pitches involving kitchen tools have been known to do well on ABC’s “Shark Tank.” A good example of a successful product is Scrub Daddy, a sponge in the shape of a smiley face. After its appearance on “Shark Tank,” the product became the show’s best-selling, and as of 2022, the company’s revenue was $300 million. Another kitchen item that rose to popularity is the EZPZ mat, according to Shark Tank Blog. The product is essentially a two-in-one mat and plate that suctions to the tabletop to reduce messes. As of summer 2022, the company was worth $20 million.
“Shark Tank” is a TV show where real-life investors make real-life offers to entrepreneurs. Per ABC, investors include business icons such as Mark Cuban, Kevin O’Leary, Robert Herjavec, Barbara Corcoran, Daymond John, and Lori Greiner. When the owners of Mighty Carver pitched to the investors, they were likely hoping for the same success that past kitchen tools garnered.
“Shark Tank” is a TV show where real-life investors make real-life offers to entrepreneurs. Per ABC, investors include business icons such as Mark Cuban, Kevin O’Leary, Robert Herjavec, Barbara Corcoran, Daymond John, and Lori Greiner. When the owners of Mighty Carver pitched to the investors, they were likely hoping for the same success that past kitchen tools garnered.
A new family tradition
Daymond John carves up a deal
Leonard Zhukovsky/Shutterstock
As they entered “Shark Tank,” Kim and Lance Burney sought $100,000 for a 20% cut of their business (via Shark Tank Blog). Kevin O’Leary was the first to throw out an offer, but Daymond John asked for a smaller percent of the company, making him the clear choice. Mighty Carver ended up with an offer of $100,000 for 25% of the business instead of the original ask of 20%. Luckily, the slight increase in John’s cut didn’t seem to hinder the company. As of 2021, Mighty Carver has sold over $8 million worth of product.
According to the company’s website, the original electric knife is still the Mighty Carver’s sole focus. Today, it sells for $74.99. It’s advertised as easy to clean, surprisingly lightweight, and ergonomic for optimal control. The blades are made of stainless steel for durability, and both blades as well as the plastic guard can be removed and safely cleaned in a dishwasher.
According to the company’s website, the original electric knife is still the Mighty Carver’s sole focus. Today, it sells for $74.99. It’s advertised as easy to clean, surprisingly lightweight, and ergonomic for optimal control. The blades are made of stainless steel for durability, and both blades as well as the plastic guard can be removed and safely cleaned in a dishwasher.
