What Happened To Mighty Carver After Shark Tank?

Business pitches involving kitchen tools have been known to do well on ABC's "Shark Tank." A good example of a successful product is Scrub Daddy, a sponge in the shape of a smiley face. After its appearance on "Shark Tank," the product became the show's best-selling, and as of 2022, the company's revenue was $300 million. Another kitchen item that rose to popularity is the EZPZ mat, according to Shark Tank Blog. The product is essentially a two-in-one mat and plate that suctions to the tabletop to reduce messes. As of summer 2022, the company was worth $20 million.

"Shark Tank" is a TV show where real-life investors make real-life offers to entrepreneurs. Per ABC, investors include business icons such as Mark Cuban, Kevin O'Leary, Robert Herjavec, Barbara Corcoran, Daymond John, and Lori Greiner. When the owners of Mighty Carver pitched to the investors, they were likely hoping for the same success that past kitchen tools garnered.

Each year, Mighty Carver owners Kim and Lance Burney visit a family cabin in Montana for the holidays (per the company's website). Because the men in the family enjoy using chainsaws, they'd gladly take to the bushes and branches to reduce the risk of wildfires during each visit. The first Thanksgiving after Kim's grandpa died, nobody was too keen about carving the turkey as he used to do. That's when Kim had the idea of creating a power tool intended for this specific occasion.

After the product came to life, the Burneys presented it at numerous houseware shows; that's where a "Shark Tank" scout recruited them for the ABC series (per Shark Tank Blog). By the time the pair pitched to the sharks, the Mighty Carver was already in stores like Amazon, Sharper Image, and Ace Hardware. The company had also sold 5,000 units in 2019 alone. With this knowledge, many sharks bit at the opportunity, with one deal being made in the end.

As they entered "Shark Tank," Kim and Lance Burney sought $100,000 for a 20% cut of their business (via Shark Tank Blog). Kevin O'Leary was the first to throw out an offer, but Daymond John asked for a smaller percent of the company, making him the clear choice. Mighty Carver ended up with an offer of $100,000 for 25% of the business instead of the original ask of 20%. Luckily, the slight increase in John's cut didn't seem to hinder the company. As of 2021, Mighty Carver has sold over $8 million worth of product.

According to the company's website, the original electric knife is still the Mighty Carver's sole focus. Today, it sells for $74.99. It's advertised as easy to clean, surprisingly lightweight, and ergonomic for optimal control. The blades are made of stainless steel for durability, and both blades as well as the plastic guard can be removed and safely cleaned in a dishwasher.