The Lapel Project, stick on lapels, was started by Sebastian Garcia and Raul Bernal in 2014. As of August 2023, The Lapel Project net worth is $2 million and they’re pulling in a whopping $5 million in annual revenue.
In October 2016, they appeared on season 8 of Shark Tank USA and made a deal withMark Cuban, for $150,000 for 30% of equity. The final valuation was $500,000, down from the founder’s initial estimate of $750,000.
In 2023, The Lapel Project still appeared in the business world. After their appearance on Shark Tank, the company’s sales increased significantly. They now offer a variety of lapels, including custom lapels, and they ship worldwide. You also can order their products online. For that visit their official website.
The Lapel Project Net Worth
| Net worth | $2 million (2023) |
| Annual Sales Revenue | $5 million (2023) |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investor | Mark Cuban |
| Founder | Sebastian Garcia and Raul Bernal |
| Employees | 25 employees |
The Lapel Project Net Worth Timeline
| Net Worth 2023 | $2 million |
| Net Worth 2022 | $2 million |
| Net worth valuation [Shark Tank appeared Year] after appearing on Shark Tank | $500,000 |
| Net worth valuation [Shark Tank appeared Year] before appearing on Shark Tank | $750,000 |
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 |
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 a net worth of $1.4 million as of 2023.
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.