The Last Lid on Shark Tank
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The Kiernan's was asking the Sharks to invest $40,000.00 for a 20% stake in their business. Out of all the Sharks that night, they were most interested in making a deal with Daymond John because of his Brand building and manufacturing skills. To their surprise, John was indeed the most interested in The Last Lid but without any previous sales, He knew this would involve a lot of his time. With all the other Sharks already out, Daymond gave the Kiernan's one chance to make him a deal he couldn't refuse.
As proven time and time again, when the Sharks give you one last chance to sweeten your offer, they mean it and often give you their answer almost immediately. Kevin realizing very quickly that his invention's success has come down to what he says next, offers Daymond John 60% controlling interest in the Last Lid for $40,000,00. Daymond almost looking shocked at such a reasonable percentage, agrees immediately to the deal.
Kevin and Melissa already had most of the pieces of the puzzle in place to make the Last Lid a success but they lacked the one crucial piece to turn this invention into a serious business and change their financial lives forever. Daymond held out that piece and the Kiernan's quickly agreed to become his partner.
The Last Lid Update
The Last Lid is an inspiration that you can take just about any product, make it better and start a Very Successful Business in a short amount of time. I Love It! Who would have thought you could make a good living selling trash can lids?