What Happened To Mighty Carver After The Shark Tank?
Appeared in Mighty Carver Shark Tank Season 12 Episode 4, a brand that makes electric food carving knife is similar to its sound chainsaw. Founders Lance Burney and Kim Burney Ask for funding to increase the reach of their product in Shark Tank for 100,000 for 20% equity. According to this Ask, the valuation of this company is 500k.
There is a story behind the making of this product. The story begins with the Kim and Lance Burney family living in a cabin on a mountaintop in Montana. In order to cut the trees, death goes on in his family, all the people used to say that we will cut this tree.
Thanksgiving dinner was approaching and it was his first Thanksgiving but then Grandpa passed away. Grandpa comes from the official turkey carver. He was an artist of an electric knife. He loved the turkey knife very much. Everyone was sitting around the table and playing. No one helped anyone with the turkey Carve.
First owl chainsaw carving!
These are the same people who were becoming eager to use Chainsaw. Kim thought why not design a knife that looks like a chainsaw. It took this work and made a Mighty Carver Electric Knife.
In the beginning of making this product, Kim had to face a lot of problems, but it gradually became solvable.
Kim took this product to Shark Tank where she also got the deal. In 2019, 5000 units of this product were sold, after which Kim felt that this business could be grown.
What Is Mighty carver?
Mighty Carver is an electric knife manufacturing company based in DeBary, Florida. This company was started by the founder Kim in 2016 after her grandpa passed away.
This Mighty Carver, is a type of food cutting knife that looks like a chainsaw and also sounds like it. There is an electric wire in it, which can be connected with the electricity to cut turkey, pineapple, or any food.
Along with cutting food, it is also fun to use a chainsaw. It looks like a Toy Chainsaw, when viewed properly it is 19 inches long, 5.8 inches wide, and 8.7 inches high.
This knife comes with surgical-grade (dishwasher-safe) stainless steel blades with machine-cut, razor-sharp serrated edges. To start the knife, a button is given to it, and after pressing it the knife starts running.
Its handle is quite comfortable and is able to control the knife very well. It can be taken as entertainment, If a guest comes to your house, then if you cut the food with this knife, then the guest will be surprised. It will have a fun atmosphere.
The Mighty Carver, as of now, has a turkey carver with slices and thick cuts of meat, accurately, efficiently, and more, it should clearly be done by him.
Mighty Carver Shark Tank Update
|Company Name||Mighty Carver|
|Founder||Lance Burney and Kim Burney|
|Product||electric food carving knife that sounds like a chainsaw|
|Asked For||100,000 for 20% Equity|
|Final Deal||100,000 for 25% Equity|
|Episode (Shark Tank USA)||Season 12 Episode 4|
|Air Date||November 6, 2020|
|Business Status||In Business|
|Net Worth||400K estimated|
Mighty Carver Contact Details
|Place||DeBary, Florida, United State|
Who Is The Founder Of Mighty Carver? – Lance Burney and Kim Burney Shark Tank
Kim is the CEO and Inventor of this company LLC DBA Mighty Carver, he officially launched this company in 2016.
She came up with the idea of this Carver concept, made it, and started selling direct-to-consumer.
Lance, who is the co-owner of this LanKim LLC, he is a successful entrepreneur and for his 30 years, he has been running multiple companies.
Presently he is the President of Sigalarm which has been running since 1999 and this company manufactures Proximity Alarm products. Through this, workers are protected from dangerous overhead power lines.
It is currently running its 3 more old businesses namely GWP, Aquatic Vegetation Holdings, and JELT.
He completed his studies at the University of Central Florida.
Mighty Carver Before Shark Tank
The Mighty Carver is not a new electric knife. Even before this product came on the market, many products like it had come. It was introduced in the 1960s and was earlier a luxury item but later it became standard kitchen gear.
Slowly it took a lot of changes, so after 50 years Kim brought this product to the market by giving a new design.
The Wall Street Journal has identified this product as the “Most Fun to Use” turkey carver.
Kim went on to make a lot of changes to this product to give it a good look. In 2019, 5000 units of this product were sold.
At the time of launch, they did not patent this product, but later they patented it. He has partnerships with a lot of warehouses such as Sharper Image, Ace Hardware, The Grommet, and Hammacher Schlemmer.
With this, she also started selling this product on Amazon by setting a price of 79.99.
Did Mighty Carver Get a Deal on Shark Tank?
Mighty Carver founders Lance Burney and Kim Burney presented their product at Shark Tank and asked Shark for 100,000 for 20% equity. If Kim wants to grow this company, then she must have got this deal.
Kevin’s direct question was where was the founder selling this product. Answering this question, Lance said, “So, we went to the International Houseware Show Last March 2022 and we pick of some big resellers right of the bat “.
Primarily their products are sold at physical stores. By November 2020, this company had sold 8,500 units in the last 12 months. In 2019, this company generated a sale of 163,000 and then sold 41,000 a year to date.
The manufacture of this product is 20 in the United States and they sell for 69 and 89 in retail. He holds the Design Patent and the Chinese Patent.
So out of the amount they have sold, 10% is the cost of their digital ads.
Just now Kevin made his first offer, his offer was 100k for a 33.3% Stake.
Daymond John found this product very fun and useful, it is a very good knife for celebration, so he also wants this deal. Daymond offer was 100k for a 27.5% Stake.
Daymond said that if you close the deal now, I will agree to 100k for a 25% stake.
Lance Kim agreed to this Daymond offer for 100k for a 25% Stake.
What Happened To Mighty Carver After Shark Tank?
After the Mighty Carver deal, he received a lot of offers from different investors. The Shark Tank show went well for their product.
A few weeks after this episode was telecast, the sales of Mighty Carver Knife got boosted, in a few weeks it made a million sales.
Lance has already been a successful businessman, he has been running more than 4 of his business for 30 years.
He has very good knowledge about how to make a business grow. After this company got the deal, Lance and Daymond talked about the growth and marketing strategy of this company.
He has run many campaigns for this company like Instagram. YouTube, etc., through which the brand building of his product can be done.
To grow a company, along with the product, brand building has to be taken care of. Their market team did a lot of campaigns and brought the product to retail stores in the United States.
A report was published in July 2021, according to the source, it generated 8 million in sales.
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Where Can You Buy Mighty Carver?
Mighty Carver is available in many offline retail stores in the United States including Sharper Image, Ace Hardware, The Grommet, and Hammacher Schlemmer.
Apart from this, it is also available online on its website and on Amazon. The customer is very happy about this product, and because of this Amazon has got a rating of 4.5 out of 5 for this product. than 75% of people have given it a 5-star rating. This product is priced at 79.99 on Amazon.
What Is Mighty Carver Net Worth?
Mighty Carver’s valuation was 500k before the Shark Tank deal. Even at this valuation, this company was profitable. After getting the deal in Shark Tank, this company has improved its product a lot within the last few years.
When he got a 100,000 deal in Shark Tank, in exchange for 25% of the company’s equity. Then this Mighty Carver’s worth went up to 400K but in 2021 it has completed an annual sale of 8 million.
|Mighty Carver‘s Net Worth||400,000 Approx|
Is Mighty Carver Still In Business?
Yes, Mighty Carver is still running in June 2022 and is doing sales generation by marketing its product very well.
They ship this product from Florida, it takes very less time for them. She is currently manufacturing the product in the United States, for this, she has hired many employees.
Many features are available in this product like Dual stainless steel blades, Simple blade release (button activated), Lightweight but powerful, easy cleaning, a Blade guard for consistent carving, and Many
Images Source: Amazon.com mightycarver.com
Hey friends my name is Dylan Minnette I am a Student of Bachelor of Arts. I love the shark tank show I watch this show every day. I like to share with people the information about every startup that came on the Shark Tank show.
We decided to go with a font that kept the rustic look as a nod to its roots. The color palette we chose was simple and bright, while also distinguishable from both power tool and kitchen appliance brands.
Our research revealed that the holiday season would be the most important for sales. The brand needed to appeal to both men and women, specifically people looking for a fun gadget for their families. We kept this in mind when crafting the messaging and designing the packaging. The promotional material, marketing strategy, website and content needed to FOCUS on family experiences and making memories.
optimizing for success
As with any product, web presence is an integral part of generating buzz and sales. Our goal was to build a site that illustrated all the fun possibilities available with the Mighty Carver. We focused on a search engine optimized Amazon page and a landing page that would target gift sales around the holidays.
“They gave me invaluable feedback and immediately had ideas as to how we could develop my brand… They had me thinking about these things prior to having my actual product in hand. Looking back now, I am so thankful for those initial meetings because this was so valuable for our growth as a company.”
the end result
We knew from the beginning that the Mighty Carver had great potential, and we weren’t the only ones. On Nov. 6th 2020, the Mighty Carver was introduced nationally on ABC’s Shark Tank. Its fun and powerful attributes gained the interests of both the judges and the audience. After its television debut the Mighty Carver quickly gained popularity. As a result, that holiday the Mighty Carver became one of the top electric carving knives in the Amazon store!
Mighty Carver Electric Knife Chainsaw Model EK1126 Stainless Blade Meat Slicer
Other known names for this product:
Mighty Carver Electric Knife Chainsaw Model EK1126 Stainless Blade Meat Slicer / UPC: 865100000400 / https://www.upczilla.com/item/865100000400/
[b]UPC 865100000400:[/b] [url=https://www.upczilla.com/item/865100000400/]Mighty Carver Electric Knife Chainsaw Model EK1126 Stainless Blade Meat Slicer[/url]
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Mighty Carver Electric Knife Shark Tank Net Worth 2023
Mighty Carver is an electric food carving knife that sounds like a chainsaw. It was founded in 2016 by Kim and Lance Burney. The couple appeared on Shark Tank Season 12 Episode 4, asking for 100,000 for 20% equity.
Daymond John offered 100,000 for 25% equity, which the Burneys accepted. Mighty Carver’s valuation was 500k before the Shark Tank deal.
What Happened To You Go Natural After Shark Tank?
According to a report, Mighty Carver’s net worth has increased to 450,000 in 2021 since receiving investment from Shark Tank.
After appearing on Shark Tank, Mighty Carver became the show’s best-selling product and generated revenue of 300 million as of 2022. The company sells its products on its website and other platforms such as Amazon.
What is Mighty Carver Electric Knife? Who is the founder of Mighty Carver Electric Knife?
The Mighty Carver is an electric carving knife that has a chainsaw-like appearance. It is the perfect gift for Father’s Day as it allows you to easily and quickly cut through various food items, including turkey, bread, vegetables, and cheese.
The knife’s stainless steel blades can be easily removed for cleaning, and it comes with a carving fork as well. The company behind this innovative product is Lankim LLC, co-founded by husband and wife team Kim and Lance Burney in 2016.
The Burneys were inspired to create the Mighty Carver after the passing of their grandfather just before Thanksgiving.
Their family had a tradition of using a chainsaw to clear trees and bushes after the holiday, and the Burneys wanted to create an electric carving knife that resembled a miniature chainsaw.
Kim played a significant role in the development of the product. She created, produced, and patented it in less than a year and sold it wholesale to well-known retailers such as Sharper Image, Ace Hardware, The Grommet, and Hammacher Schlemmer. The Mighty Carver is also available for purchase on Amazon for only 89.
The Burneys’ idea for the Mighty Carver caught the attention of a Shark Tank scout while they were showcasing their product at a housewares exhibition.
The product has been a hit, with 5000 units sold in 2019 alone. It is a fun and affordable way to add excitement to carving Thanksgiving turkey or any other meat.
Mighty Carver Electric Knife Shark Tank Pitch
Kim and Lance Burney pitch their electric carving tool, Mighty Carver, on episode 1205 of Shark Tank. They are seeking a 100,000 investment in exchange for a 20% stake in their company, which is valued at 500,000.
Their goal is to reduce production and distribution costs with the help of a Shark.
The Sharks are impressed with the product, which resembles a chainsaw and is perfect for holiday dinners. Kim has a patent for the invention, and they enjoy strong retail sales. However, due to the COVID-19 pandemic, they want to increase their direct-to-consumer sales.
All Sharks are interested in the product, with Mark and Barbara considering a joint deal. Kevin offers 100,000 for 33.3% equity, while Daymond offers 100,000 for 27.5% equity and initiates a countdown clock like Mark’s. Lori advises them to accept Daymond’s offer, and they ultimately do.
The Burneys thank Daymond and his team for helping them prepare for the “Shark Tank Effect,” and they finalize the deal. Daymond’s team works closely with the Burneys’ marketing team, helping them with vendor relationships.
This partnership results in a solid working relationship, and the company generates 8 million in annual revenue as of February 2022.
Net Worth of Mighty Carver Electric Knife
The company valuation was 500,000 during the pitch, after the investment done by Daymond John the company worth 400,000. Since then the company has a net worth of 450,000.
Mighty Carver Electric Knife Shark Tank Updates
Mighty Carver is an electric knife manufacturing company based in DeBary, Florida, that makes an electric food carving knife that looks like a chainsaw and sounds like it. The company was started by founder Kim Burney in 2016 after her grandfather passed away.
The Mighty Carver is designed to cut turkey, pineapple, or any food with an electric wire that can be connected to electricity. The knife has dual stainless steel blades and can be used to cut bread, fish, and a plethora of other items.
The Mighty Carver appeared on Shark Tank Season 12 Episode 4, where founders Lance and Kim Burney secured a 100,000 investment from Daymond John for 25% equity.
According to the company’s website, the original electric knife is still the Mighty Carver’s sole FOCUS, and it sells for 74.99. The company has sold 8,500 units over the past 12 months and had around 200,000 between 2019 and its appearance on Shark Tank.
The Mighty Carver is available in stores like Amazon, Sharper Image, and Ace. The company has not provided any recent updates on its progress since its appearance on Shark Tank. However, the Mighty Carver is still available for purchase on its website and other online retailers.
Mighty Carver Electric Knife FAQs
What Is Mighty Carver Electric Knife And How Does It Work?
The Mighty Carver Electric Knife is a carving knife that has the design and power of a chainsaw. It is fitted with dual stainless steel blades and an ergonomic handle to make turkey carving easy.
The knife is surprisingly light and easy to use, and it can be used on almost any food, including ham, cheese, fruit, vegetables, and bread. The Mighty Carver is not made to cut through bone, but it slices meat very well, especially thin-sliced.
To use the Mighty Carver, you simply plug it in, turn it on, and start slicing and dicing with the dual blades.
The knife is as simple to use as any other electric knife, and it comes with dishwasher-safe blades that snap out with a button, making it the easiest electric carving knife to clean. The Mighty Carver is an innovative take on traditional electric knives and has received positive reviews.
How do you sharpen a chainsaw blade without fancy tools. #tools #chainsaw
The Mighty Carver was invented after a family get-together where no one wanted to carve the turkey. With the Mighty Carver, everyone wants a piece of the fun, and it brings more families together.
The knife cuts cleanly and the ensemble makes quite an impression on dinner guests watching. The Mighty Carver is not limited to Thanksgiving and can be used at birthday parties and other events.
What Is The Power Source For The Mighty Carver Electric Knife?
The Mighty Carver Electric Knife is powered by 110 volts. To use the knife, you simply plug it in and turn it on. The knife is designed to be as simple to use as any other electric knife.
The Mighty Carver is fitted with stainless steel blades and an ergonomic handle to make turkey carving easy. The knife is surprisingly light, just like a traditional carving knife. The Mighty Carver is an innovative take on traditional electric knives and has received positive reviews.
Who is the founder?
Kim and Lance Burney, a husband and wife team, are the company’s co-founders. The dynamic duo established Lankim LLC in 2016. Prior to this, Lance primarily worked as a side hustler in real estate and timber land management.
What Was The Outcome Of The Mighty Carver Electric Knife Shark Tank Pitch?
During their Shark Tank pitch in Season 12, Episode 4, the founders of Mighty Carver, Lance and Kim Burney, asked for 100,000 for 20% equity. They secured a deal with Daymond John, who invested 100,000 for 25% equity in the company.
Since appearing on Shark Tank, Mighty Carver has become the show’s best-selling product and generated revenue of 300 million as of 20222. The company sells its products on its website and other platforms such as Amazon.
The net worth of Mighty Carver has increased to 450,000 in 2021 since receiving investment from Shark Tank. The Mighty Carver is an innovative take on traditional electric knives and has received positive reviews.
What Happened To Mighty Carver Electric Knife After Its Appearance At The Shark Tank?
After appearing on Shark Tank, Mighty Carver became the show’s best-selling product and generated revenue of 300 million as of 2022.
The company sells its products on its website and other platforms such as Amazon. The founders, Lance and Kim Burney, secured a 100,000 investment from Daymond John for 25% equity.
According to a report, Mighty Carver’s net worth has increased to 450,000 in 2021 since receiving investment from Shark Tank. The Mighty Carver is an electric carving knife that looks like a chainsaw and is designed to make turkey carving easy.
It has received positive reviews and is an innovative take on traditional electric knives. The Mighty Carver is still the company’s sole FOCUS, and it sells for 74.99.
How much were they seeking on Shark Tank?
They were seeking for 100,000 for 20% stake in their firm, which was worth 500,000.
How much was the deal?
Daymond offered 100,000 in exchange for 25% stake in the firm which was valued at 400,000.
Is Mighty Carver Electric Knife still in business?
Yes, the company is still in business as of February 2022.
How much was the revenue of Mighty Carver Electric Knife?
The company was had 8 million in annual revenue.
Where can I buy the Mighty Carver Electric Knife?
Customers can order them from their official website www.mightycorver.com.
What are the benefits of Mighty Carver Electric Knife?
The benefits of Mighty Carver Electric Knife are as follows: Quickly and Easily Cut Through Various Raw Materials
The Mighty Carver has a sharp, electric knife head ready to carve the entire turkey. One can easily slice up the bird with this brilliant tool.
than that, they can easily get prepared for their Thanksgiving holiday by cutting through other roasted goods like sweet potatoes, pumpkin, or stuffing. One just needs to flip the device on, attach the blade and start carving.
Is Mighty Carver Electric Knife safe to use?
The Mighty Carver has a number of features that make this device safe to use. One can always turn it on and leave it alone. It does not overheat and does not burn the fingers as well.
How many times can I use Mighty Carver Electric Knife?
One can use it numerous times with the blade changing system.
Is Mighty Carver Electric Knife having precaution?
Yes, the device is not made for long-term use. One needs to have it a reasonable frequency of change of blade.
What is the best time to use Mighty Carver Electric Knife?
It can be used anytime of the year both at home and while traveling.
What is a good way to dispose the used batteries?
One can dispose them in a responsible manner by contacting the service department.
Does Mighty Carver Electric Knife have a warrant?
Yes, they have a one-year limited warranty.
Is Mighty Carver Electric Knife useful in other applications?
The device is not limited to turkey cutting and can be used for different purposes. For instance, it can be used to slice bread or other baked goods.
Besides that, one can use the device for the purpose of making homemade fruit rollups or vegetable chips. It makes an excellent helper for the preparation of meals at home.
Is Mighty Carver Electric Knife use for cutting bones?
No, it is not. The Mighty Carver is used to cut through vegetables, fruits and other raw materials.
Is Mighty Carver Electric Knife easy to use?
One does not require any specific skill to use the device. It is not difficult to flip on the handle for cutting. over, one does not require any tool for changing the blades because it has an automatic blade change system.
I received my product and how do I use it?
Change blades according to instructions and then follow operating instructions of the device.
What is the net worth of Kim Burney?
The net worth of Kim Burney is unknown.
What is the net worth of Lance Burney?
The net worth of Lance Burney is unknown.