GoodHangups Magnetic Hangers Update | Shark Tank Season 8

Leslie Pierson wanted to display her son’s artwork on their home walls without damaging them with nails, drilling, or bulky frames. To solve this, she created GoodHangups—a versatile, reusable product that allows for easy and convenient display without harming wall surfaces. Let’s dive into our GoodHangups update and pitch recap to see which shark was interested in making a deal.

If you’re short on time, here’s a quick overview of what happened to GoodHangUps after Shark Tank.

Leslie appeared on Shark Tank Season 8 to pitch her magnetic wall hangers, GoodHangups. She sought $100,000 for 10% equity. After her pitch, she struck a deal with Lori Greiner for $100,000 for 10% equity.

In terms of a GoodHangups update, the company enjoyed a brief surge in sales following its appearance on Shark Tank. However, ongoing inventory challenges have raised questions about the business’s current operational status. Leslie has since redirected her focus to new ventures.

Shark	Result
Lori Greiner	Accepted offer of $100,000 for 10% equity
Daymond John	$100,000 for 15% equity
Kevin O’Leary	$100,000 for 10% equity
Robert Herjavec	No offer
Mark Cuban	No offer

Shark Tank GoodHangups Pitch

• Entrepreneur: Leslie Pierson
• Business: Magnetic wall hangers
• Ask: $100,000 for 10% equity
• Result: $100,000 for 10% equity
• Shark: Lori Greiner

Leslie started her pitch by sharing the story behind GoodHangups, a clever, damage-free way to hang posters and artwork using magnets and adhesive strips.

The idea came from a personal need: she wanted to display her son’s artwork without damaging the walls, a common issue for many parents.

She sought an investment to scale production and bring GoodHangups to major retail stores like Amazon and Target.

Essentially, the product uses a magnet that sticks to your wall, allowing you to hang pictures, posters, and other lightweight items.

When you’re ready to take them down, the magnet peels off cleanly, leaving no stains or residue.

GoodHangups works on a variety of surfaces—whether it’s wood, brick, tile, concrete, or textured walls.

It’s especially popular with parents, teens, and kids who like to switch up their wall décor often.

Additionally, its simplicity allows you to hang artwork in seconds. The reusable stickers let you make adjustments without leaving marks behind.

For anyone looking for flexibility in home or office décor, GoodHangups offers an easy, mess-free solution for displaying art and posters on almost any surface.

When Kevin O’Leary asked about sales, Leslie revealed she had brought in $450,000 in just over a year, which caught the sharks’ attention.

She explained that half of those sales came through QVC, where Lori noted she’d already seen the product.

The rest were from over 100 retail locations, including The Paper Store. Leslie mentioned she needed a shark’s support to break into bigger retailers.

The sharks were impressed by her profit margins: an 8-pack costs $2.25 to produce, which she sells for $14.99.

While Mark Cuban liked Leslie, he didn’t think he was the right fit as a partner and decided to exit the negotiations.

Robert Herjavec, admitting he wasn’t into arts and crafts, also decided to drop out of the deal.

Lori Greiner, however, saw the potential and offered $100,000 for 20% equity.

That sparked more offers. Daymond John came in with $100,000 for 15%, and Kevin undercut them both, offering $100,000 for 10% equity.

Kevin even encouraged Leslie to use his offer to negotiate a better deal with Lori, noting that his terms were more favorable—$100,000 for just 10% equity.

Leslie countered by asking Lori for $100,000 in exchange for 10% equity, with the condition that if the investment weren’t paid off in a year, the equity would increase to 20%.

Lori agreed, sealing the deal.

Now, let’s see if this partnership between Lori and Leslie leads to success in our GoodHangups update.

Shark Tank GoodHangUps Update

Our GoodHangups update revealed that the deal with Lori Greiner successfully closed.

This partnership helped the company experience a surge in growth shortly after its appearance.

Further, the product gained exposure on QVC and became available at major retailers like Bed Bath & Beyond, buybuyBaby, and Amazon.

From 2016 to 2019, GoodHangups generated $5.3 million in sales, reaching $1 million in annual revenue by April 2022.

However, the company faced challenges by mid-2022, selling out of inventory and halting social media updates by June.

At the time of writing our GoodHangups update, the website lists products as “sold out” and shows “Currently Unavailable” on Amazon.

Our GoodHangups update research found that Leslie still lists GoodHangups as an active business on her LinkedIn. This indicates a pause rather than a permanent closure.

While it appears that GoodHangups may be on hold, Leslie has since shifted focus to Hot Taco, Inc., where she is the President.

If we get another GoodHangups update, we’ll be sure to let you know.

For updates on the other products featured in Season 8 Episode 2, check out the links below:

• The Lapel Project Update
• GoodHangups Magnetic Hangers Update
• Ice Age Meals Update

Before you go, check out our Shark Tank Season 8 page for more updates.