GoodHangups Shark Tank Update – Shark Tank Season 8
Leslie Pierson pitched GoodHangups, a reusable magnetic hanging system, on Shark Tank to expand her business into mass retail outlets. The product soared in sales before she shifted her focus to a new venture.
Leslie Pierson hoped the Sharks would think her invention, GoodHangups, was their next big thing when she pitched the product on Shark Tank Season 8 Episode 2.
Check out other Shark Tank Season 8 Episodes.
About GoodHangups
| Category | Details |
|---|---|
| Business Name | GoodHangups |
| Founder | Leslie Pierson |
| Industry | Home Decor/Organizing |
| Product | Magnetic Wall Hanging System |
| Deal Status | Deal Secured with Lori Greiner |
| Investment Asked | $100,000 for 10% equity |
| Deal Outcome | $100,000 for 10% equity (with a loan condition) |
| Valuation | $1,000,000 (at the time of the Shark Tank pitch) |
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 was a series of small, metallic disks that mounted to virtually any solid surface using reusable, non-marking adhesive strips.
Small magnets “stuck” the artwork to the disks, making it a great solution for anyone who wanted to hang posters, photos, or art without worrying about frames or damaged walls.
In the fall of 2015, GoodHangups won the Today Show’s “Next Big Thing” contest, which earned founder Leslie Pierson a run on QVC. She was a hit on QVC, selling out in just a few minutes, and the product continued to sell strongly.
Despite the early success, Pierson needed cash for a large production run so she could start selling in mass retail outlets. The question was whether a Shark would get hung up on the product and invest.
GoodHangups Tank Recap
Leslie entered seeking $100,000 for 10% equity of her business. As she tells her story, she puts a picture of Kevin on the demonstration display. She hands out samples, then starts fielding questions.
Kevin, of course, wants to know about sales. She’s done $450,000 in a little over a year – this impresses the Sharks.
50% of her sales were from QVC (Lori says she remembers seeing the product there), and the rest is from a little over 100 retail locations, including The Paper Store. She says she wants Shark’s help getting into bigger retailers.
Did GoodHangups Get a Deal on Shark Tank?
The Sharks liked Leslie’s margins, wherein an eight-pack cost $2.25 to make and sold for $14.99. Mark liked Leslie, but didn’t think he was the right partner, so he went out.
Robert said he wasn’t an artsy, craftsy kind of guy and bowed out as well. Lori liked the product and offered $100,000 for 20% equity.
The other Sharks tried to pressure Lori. Daymond offered $100,000 for 15%, and Kevin went to 10%. After making his offer, Kevin told Leslie, “I’ve given you leverage to squeeze Lori, now squeeze her!”
Leslie countered by asking Lori for a $100,000 loan in exchange for 10% equity, with the agreement that if the loan wasn’t paid off within a year, the equity would increase to 20%. Lori agreed to the deal in the end.
What Made GoodHangups Unique?
The brand pivoted on patented magnetized hanging systems, which kept the walls of homes clean, while fully serving the purpose of decoration and personalization.
GoodHangups Shark Tank Update
The deal with Lori closed, and they went on QVC together. The product became available in Bed Bath & Beyond, buybuyBaby, and on Amazon.
In the three years following the Shark Tank appearance, the company generated $5.3 million in sales. By April 2022, the business was still operating and bringing in $1 million in annual revenue.
Sometime in 2022, the company sold out of its inventory and stopped posting on social media.
In January 2020, Leslie became the part-time President of Hot Taco, Inc., a company that makes a card game called Taco vs. Burrito, which her then 7-year-old son created.
The game proved to be very successful, selling on Amazon at a rate of about 2,000 units per month.
As of August 2025, the company’s website is dark, and the Amazon Store has marked the products as “currently unavailable.”
Leslie continues to list the business as “open” on her LinkedIn page. It appears that Hot Taco, Inc. has taken priority.
Posts about GoodHangups on Shark Tank Blog
Read more information on this magnetic wall hanging system.
Where Can You Buy It?
GoodHangups products are listed on Amazon but has been unavailable since 2022. The social media handles on Facebook and Twitter (X) have not been updated since 2022, and their personal website is also down.
Quick Summary
- GoodHangups offered a non-damaging solution to display artwork or posters using reusable adhesive and small magnets.
- Leslie secured a deal with Lori Greiner for $100,000 in exchange for a loan structure that could convert equity from 10% to 20%.
- The company achieved over $5.3 million in sales post-Shark Tank, though it seems to have ceased operations in 2022.
Continue reading for more business updates from the same episode.
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