The Lapel Project, founded by Sebastian Garcia and Raul Bernal, appeared on Shark Tank in 2016, securing a $150,000 investment from Mark Cuban for 30% equity. Since then, the company has experienced significant growth.
By 2024, their net worth reached $2 million, with annual sales of $5 million. Cuban’s backing helped the business expand its online presence and diversify its product line.
Currently the company manufactures custom lapels as well as other men’s accessories. The company continues to thrive, particularly during formal event seasons like weddings and proms.
The Lapel Project Net Worth
| Estimated Net worth | $2 million (2024) |
| Annual Sales Revenue | $5 million (2024) |
| Lifetime sales | Not available |
| Investor | Mark Cuban |
| Founders | Sebastian Garcia and Raul Bernal |
| Employees | 25 employees |
The Lapel Project Pitch on Shark Tank
| Company name | The Lapel Project |
| Product | Stick on lapels |
| Episode | Season 8 Episode 2 |
| Founders | Sebastian Garcia and Raul Bernal |
| Asked for | $150,000 for 20% equity |
| Final deal | $150,000 for 30% equity |
| Shark | Mark Cuban |
| Location | Miami, FL |
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The Lapel Project Founders
The Lapel Project was founded by Sebastian Garcia and Raul Bernal in 2014. Sebastian Garcia is the CEO and founder of The Lapel Project. He is a graduate of the University of Southern California and has a degree in business administration. Raul Bernal is the CTO and co-founder of The Lapel Project. He is a graduate of the Massachusetts Institute of Technology and has a degree in mechanical engineering. Sebastian Garcia and Raul Bernal’s founders, Sebastian Garcia and Raul Bernal, have an approximate net worth of $2 million as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2016 | Appeared on Shark Tank season 8 and Mark Cuban invested $150,000 for 30% equity. |
| 2017 | The Lapel Project was named one of the “Best New Products of the Year” by GQ magazine. |
| 2021 | Expanded its operations to Europe and Asia. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for The Lapel Project and its continued success.
