GoodHangups
GoodHangups

Next up is Leslie Pierson of GoodHangups, seeking $100,000 for 10 percent equity.

GoodHangups turns any wall into a magnet board. Their commitment-free, “stick and click” magnets can attach posters, photos, prints and more to various wall surfaces, including brick, wood, glass and textured walls, according to their website. The magnet and sticker pair are removable and reusable and, according to their website, won’t damage the wall or your picture-perfect artwork like nails or tacks. Pierson was inspired to create GoodHangups out of “a simple desire to create order from chaos.” She wanted to be able to display her son’s artwork on any wall in the house and from there, GoodHangups was born.

The sharks immediately wonder about whether it damages the wall like traditional adhesive, but Pierson assures that it does not. She has sold more than $450,000 worth, including sales from QVC. Approximately half of the sales come from QVC and the other half from retail. Pierson hopes that, with an investment, she can garner some strategic insight from a shark.

Mark Cuban is the first to go out, followed by Robert Herjavec, who immediately points out the flaws in the packaging and says he’s not an arts and crafts guy. Lori Greiner offers $100,000 for 20 percent equity, with hopes of getting the product into Staples and Bed Bath & Beyond. She immediately presses for an answer to her offer, but not before Daymond John offers $100,000 for 15 percent and Kevin O’Leary offers $100,000 for 1o percent.

O’Leary and John both acknowledge that Greiner would make a great partner and Pierson asks if she would be willing to partner up with the two others, which she is not. Pierson counters Greiner at $100,000 as a loan at 10 percent equity, increasing to 20 percent if the loan is not repaid within a year.

Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging business to six multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group. Venture capitalist Chris Sacca is also slated to appear as a guest shark this season.

“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $87 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Friday at 9 p.m. on ABC.

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