Draft Top, a unique kitchen gadget designed to remove the tops of canned beverages, gained popularity after its appearance on Shark Tank. The tool allows users to enjoy their drinks without the metallic taste of a can’s rim, enhancing the experience by turning the can into a smooth-edged drinking vessel. But what happened to Draft Top after its Shark Tank pitch? Did it sink or swim in the competitive market? Let’s dive into the company’s journey, net worth, and where it stands today.
Draft Top Founders
Draft Top was founded by Patrick Parizo and Armand Ferranti in 2015. They are very passionate about the business. They just want to create an enjoyable drinking experience. Draft Top’s founders, Patrick Parizo and Armand Ferranti net worth are unknown as of 2025. However, based on the deal it should be above $1.2 million.
Draft Top’s Shark Tank Appearance
Draft Top made its debut on Shark Tank in Season 12, presented by entrepreneurs Armand Ferranti and Sean Kelly. The inventors sought a $300,000 investment for 10% equity, valuing the company at $3 million.
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While some Sharks were skeptical about the product’s market reach, Daymond John saw potential and offered a deal. The final agreement was $300,000 for 20% equity, doubling the founders’ initial offer.
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Draft Top Pitch on Shark Tank (Quick Info Card)
| Product | Easily remove the top of an aluminum can |
| Episode | Season 12 Episode 13 |
| Founders | Patrick Parizo and Armand Ferranti |
| Asked for | $300,000 for 10% equity |
| Company name | Draft Top |
| Final deal | $300,000 for 20% equity |
| Shark | Daymond John |
| Location | Stewartsville, NJ |
What Happened After Shark Tank?
Despite securing a deal with Daymond John on the show, it remains unclear whether the deal fully closed post-show. However, Draft Top capitalized on the Shark Tank effect, experiencing a surge in sales. Orders flooded in, and their product became a favorite among beer enthusiasts, bars, and home drinkers.
They expanded their marketing efforts, engaging with influencers and leveraging social media to maintain sales momentum. Draft Top also launched new and improved versions of the product, improving its durability and ease of use based on customer feedback.
How Much is Draft Top’s Net Worth Now?
Draft Top’s current net worth is estimated to be around $2 million in 2025. While this is lower than their original valuation on Shark Tank, the company has managed to sustain its business through direct-to-consumer sales and partnerships with retailers.
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Draft Top Product Reviews: Issues and Praise
Customer feedback on Draft Top has been mixed. While many users appreciate the innovative concept and how it enhances their drinking experience, some have raised concerns about the tool’s effectiveness on different types of cans.
Common Issues Reported:
- Inconsistent Performance: Some users found that the gadget doesn’t always remove the can tops cleanly, leaving jagged edges.
- Durability Concerns: A few customers noted that the product felt fragile and didn’t last as long as expected.
- Learning Curve: While the device is innovative, some users need practice to use it correctly.
Despite these concerns, the product remains popular among beer enthusiasts and tailgaters, with many enjoying the improved drinking experience.
Investor’s Other Famous Businesses
Daymond John, the Shark who made a deal with Draft Top, is a well-known entrepreneur and investor in multiple successful brands, including Bombas, Bubba’s Q, and Sun-Staches. His expertise in branding and marketing has helped several businesses scale.
However, it remains uncertain how much Daymond John has earned from Draft Top, as there are no confirmed reports about the financial gains from his investment.
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Conclusion
Draft Top’s journey after Shark Tank has been a rollercoaster. While they secured a deal with Daymond John, the status of the finalized agreement remains uncertain. Nevertheless, the company leveraged the show’s exposure to boost sales and expand its reach. Today, Draft Top continues to operate, refining its product based on customer feedback. With an estimated net worth of $2 million, the brand remains a recognized name in the beverage accessories market. Whether it will continue to innovate or face more challenges in the future remains to be seen.
Would you try the Draft Top? Let us know in the comments!
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