Lifter Hamper, a Bungee spring-loaded hamper, was started by Marvin Phillip in 2013. Lifter Hamper’s net worth was $708,000 at the time of their pitch in 2012 based on the $85,000 offer for 12% of the equity of the company.
They appeared on Season 4 of Shark Tank USA in 2012. However, the Sharks were not interested in investing in Lifter Hamper. Sharks were not curious because they stated that the company was too early to invest.
Lifter Hamper is no longer in business, the company shut down all processes of the business in 2021.
Lifter Hamper’s Net Worth
| Net worth | Out Of Business |
| Lifetime sales | – |
| Investors | – |
| Founder | Marvin Phillip |
Lifter Hamper Net Worth Timeline
| Net Worth 2023 | Out Of Business |
| Net worth valuation in 2012 after appearing on Shark Tank | $708,000 |
| Net worth valuation in 2012 before appearing on Shark Tank | $708,000 |
Lifter Hamper Pitch on Shark Tank
| Company name | Lifter Hamper |
| Product | Bungee spring-loaded hamper |
| Episode | Season 04 Episode 04 |
| Founder | Marvin Phillip |
| Asked for | $85,000 for 12% equity |
| Final deal | No deal |
| Sharks | None |
| Location | Highland, California, United States |
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Lifter Hamper Founder
Lifter Hamper was founded by Marvin Phillip in 2012. The company was inspired to create the product as a result of his injuries. He is very passionate about when he comes to his inventions. Lifter Hamper’s founder, Marvin Phillip, has a net worth unknown as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2012 | product was pitched on Shark Tank |
Conclusion
Some companies that appear on the show have not achieved great success, and the Lifter Hamper is one of them. Sometimes businesses don’t succeed for many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Lifter Hamper went out of business in 2021. And the product is no longer available in the market.