GoodHangups appeared on
GoodHangups Update After
- Entrepreneur: Leslie Pierson
- Business: Magnetic wall hangers
- Ask: $100,000 for 10% equity
- Result: $100,000 for 10% equity
- Shark: Lori Greiner
Founder Leslie Pierson introduced the sharks to her company, GoodHangups, on
All of the sharks were quite impressed with GoodHangups, and even more so when Leslie told them that before appearing on
With all the dust settled, Leslie found herself with three sharks interested in GoodHangups: Lori Greiner, Daymond John, and Kevin O’Leary. Each shark offered her the $100,000 but each wanted a different amount of equity. Lori wanted 20%, Daymond 15%, and Kevin 10%. However, Kevin made it clear that he was only coming into the deal to give Leslie some negotiating leverage against Lori.
Leslie countered Lori’s offer and GoodHangups secured a deal with Lori Greiner of $100,000 as a loan for 10% equity with an agreement that it would be paid back within a year or the equity would double.
In terms of a GoodHangups update after
For updates on the other products featured in Season 8 Episode 2, check out the links below:
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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!