What Happened to GoodHangups After Shark Tank?
What is GoodHangups?
GoodHangups are magnetic stickers that may be used to hang paintings, posters, Valentine’s cards, recipes, maps, and anything else you can think of.
The magnet sticker adheres to nearly any material, including wood, stone, brick, glass, and even Ikea furniture. It’s an excellent alternative to using nails, thumbtacks, and other sticky items that leave a mark on your wall.
Magnet stickers from GoodHangups may be used as permanent or removable magnetic adhesives, which mean they can be used on metal, aluminum, glass, and other magnetic surfaces.
Magnets from GoodHangups are powerful enough to hold long-term fixtures in place. While they may adhere to metal surfaces, we do not advocate leaving the magnets on metal surfaces for lengthy periods of time. The great thing about GoodHangups is that they are really simple and inexpensive to make.
Who is the brain behind GoodHangups?
Leslie Pierson, the founder of GoodHangups, is a force to be reckoned with. Pierson created the tool to help her 4-year-old son arrange his artwork. Pierson needed a way to display his artwork without ruining her walls since his fertile imagination quickly outgrew the refrigerator.
GoodHangups is a set of tiny metallic disks that may be fastened to practically any solid surface using reusable, non-marking adhesive strips.
The artwork is “stacked” to the disks using small magnets. It’s a wonderful choice for anybody who wishes to show posters, photos, or art without framing or harming their walls.
In the autumn of 2015, GoodHangups won the Today Show’s “Next Big Thing” contest, landing Pierson a spot on QVC. She was a tremendous hit on QVC, selling out in a matter of minutes and continuing to sell well after that.
What Happened to GoodHangups during the Shark Tank pitch?
Despite her obvious success, Pierson needs money for a huge production run so she can begin selling in major retail outlets in episode 2 of season 8 of GoodHangups on Shark Tank.
Leslie entered the Shark Tank seeking $100,000 in return for a 10% ownership in her firm, which worth $1 million.
While telling her narrative, she displays a photo of Kevin on the presentation display.
She gives out samples before answering questions. Of course, Kevin was interested in sales. She also claims to have made $450,000 in less than a year, which impresses the Sharks.
Lori recalls seeing the items on QVC, and the rest came from a little more than a hundred retail locations, including The Paper Store.
She thinks she needs a Shark’s help getting into larger shops. Her profit margins are appealing to the Sharks: an 8-pack costs $2.25 to create and $14.99 to sell.
Mark adores Leslie, but he does not feel he is the right match for her, therefore he went out.
Robert walks off, declaring that he was neither an artistic or cunning sort of man.
Lori was enamored with it and offers $100,000 in exchange for a 20% ownership in the firm. The other Sharks are squeezing Lori.
Daymond proposes $100,000 for 15% equity shares, whereas Kevin proposes $100,000 for 10% equity shares.
After delivering his offer, Kevin tells Leslie, “He has given him leverage to squeeze Lori, now squeeze her!”
Leslie responds by asking Lori for a $100,000 loan in return for 10% stock; if the loan is not paid off within a year, the equity rises to 20%. Lori concurs! Leslie went away from the pitch with a deal.
What Became to GoodHangups After Shark Tank?
The deal with Lori was completed after the show aired and Leslie left the pitch with a deal, and they appeared on QVC together.
The product is currently available at Bed Bath & Beyond, Buy Buy Baby, and Amazon. The company is still operational as of November 2021, with annual revenues of $1 million.
The following companies compete in the market: 7eye, Readerest, Beard Head, Signal Vault, Lumadent, Jumparoo, and Bubba’s Q.
GoodHangups’s Net Worth
During and after the pitch, the firm was valued at $1 million; since then, the company has performed successfully in sales, with annual revenue of $1 million in 2021.
What does GoodHangups sell?
The company produces magnets and magnetic stickers that can be used to hang posters, paintings, and decorations.
What are the main products?
GoodHangups has a variety of products, including the magnetic disks and adhesive strips.
Who is the founder or owner of GoodHangups?
Leslie Pierson is the brains behind GoodHangups.
Where is GoodHangups based?
GoodHangups is based in New York City.
What is GoodHangups’s mission?
To create a simpler way to display artwork on your walls without damaging your walls or leaving a mark on them. Leslie may succeed at her mission, and the item could become popular enough to be included in other stores such as Bed Bath & Beyond.
Who are GoodHangups’s competitors?
7eye, Readerest, Beard Head, Signal Vault, Lumadent, Jumparoo and Bubba’s Q.
How much does GoodHangups cost?
It depends on the type of product customer want to buy. The small 8-pack is priced at $14.99, and the large 24-pack is priced at $39.99.
Is GoodHangups a good deal?
GoodHangups offers a great value for money since it’s so affordable and easy to use, making it a great choice for anybody with an artistic mind who wants to create their own wall art without leaving marks on the walls or spending much money.
How can I get GoodHangups’ products?
GoodHangups is available from their official website and from stores such as Bed Bath & Beyond, Buy Buy Baby and Amazon.
What is GoodHangups made of?
The product is made of aluminum disks with adhesive strips.
What is GoodHangups’s shipping policy?
GoodHangups does not have a free shipping policy, and the shipping fee is not clearly indicated on their website.
How much does GoodHangups charge for shipping?
GoodHangups does not have a free shipping policy, and the cost for the product will vary depending on the size of the order.
How do I make payment to GoodHangups?
Customers can make payment to the company through credit cards, PayPal and Amazon Pay.
Do GoodHangups accept PayPal?
Yes, GoodHangups accepts payments from their customers via PayPal and Amazon Pay.
Is GoodHangups safe?
GoodHangups is safe to use; they use the same adhesive that is used in products such as Scotch tape.
What are GoodHangups’s terms and conditions?
Is GoodHangups a registered trademark?
Yes, GoodHangups is a registered trademark.
What are GoodHangups’s return policies?
GoodHangups does not have a free return policy, but customers can get a full refund within 30 days if they’re unsatisfied with their purchase.