The Mighty Carver Shark Tank Update
Carving knife that looks like a chainsaw
What Happened to The Mighty Carver After Shark Tank
Is The Mighty Carver still in business? Yes — still in business.
$5M
reported annual revenue
- Deal closed: $100,000 for 25% equity with Daymond John; Daymond's team helped prepare for the Shark Tank Effect and worked with vendor contacts
- Company has sold over $9 million worth of product
- Products not on Lowe's shelves and new mystery product not yet released as of July 2024
Last verified Apr 5, 2026. Web-confirmed sources.
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The The Mighty Carver Shark Tank Pitch
Lance Burney and Kim Burney pitched The Mighty Carver on Shark Tank Season 12, Episode 4, which aired Friday, November 6, 2020, asking for $100,000 for 20% of the company — a $500,000 valuation.
Daymond John agreed to invest $100,000 for 25% equity, valuing the company at $400,000. The deal closed after the show.
Watch the Pitch
Pitch Details
- Aired
- S12E4Nov 6, 2020
- Ask
- $100,000for 20%
- Ask Valuation
- $500,000
Deal Terms
- Amount
- $100,000
- Equity
- 25%
- Valuation
- $400,000
Daymond John