Leslie Pierson hopes the Sharks think her invention, GoodHangUps, is their next big thing when she pitches the product in Shark Tank episode 802. Pierson invented the product as a means of organizing her 4-year-old son’s artwork. His prolific creativity quickly outgrew the refrigerator and Pierson wanted a way to display his artwork without damaging her walls.
GoodHangUps is a series of small, metallic disks that mount to virtually any solid surface using reusable, non-marking adhesive strips. Small magnets “stick” the artwork to the disks. It’s a great solution for anyone who wants to hang posters, photos, or art without worrying about frames or damaged walls.
In the fall of 2015, GoodHangUps was the winner of the Today Show’s “Next Big Thing” contest which earned Pierson a run on QVC. She was a hit on QVC – selling out in just a few minutes and it continues to sell strong.
Despite the obvious success, Pierson needs cash for a big production run so she can start selling in mass retail outlets. Will a Shark get hung up on this product and invest?
GoodHangups Tank Recap
Leslie will pitch the panel of five Sharks on the business and its prospects for growth. She’ll need to convince Mark Cuban, Daymond John, Kevin O’Leary, Lori Grenier, and Robert Herjavec that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but she’ll need to show them SHE is capable of running the company to “Shark standards.” A full pitch re-cap on GoodHangUps will be available on Shark Tank Blog once this episode airs.
GoodHangups Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on GoodHangUps and Leslie Pierson as more details become available.
Posts About GoodHangups on Shark Tank Blog
GoodHangups Company Information