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The Last Lid Net Worth 2024 Update (Before & After Shark Tank)

The Last Lid Net Worth Update (Before & After Shark Tank)

The Last Lid’s net worth was $66,600 in 2012 based on the Shark Tank deal. The Last Lid, a universal garbage can lid, was created by Melissa and Kevin Kiernan in 2011.

In 2012, they appeared on Season 03 of Shark Tank USA and made a deal with Daymond John,$40,000 for 60% of equity.

Despite securing a deal, the entrepreneur duo did not have much success following the show. Their website immediately went live after the airing of the episode, but sales figures are unclear. In 2015, the company was sold to a company named Garbage Can Manufacturing Vertical. However, as of 2024, the product is no longer available in the market.

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The Last Lid Net Worth

Net worth$66,600 (2012)
Annual Sales RevenueNot available 
ProfitsNot available 
Lifetime salesNot available 
InvestorDaymond John
Investment$40,000 for 60% equity
FoundersMelissa and Kevin Kiernan
Employees

The Last Lid Net Worth Timeline

Net worth in 2024Out of business 
Net worth valuation in 2012 after appearing on Shark Tank  $66,600
Net worth valuation in 2012 before appearing on Shark Tank  $300,000

The Last Lid Pitch on Shark Tank

ProductA universal garbage can lid
EpisodeSeason 03 Episode 05
Company nameThe Last Lid
FoundersMelissa and Kevin Kiernan
Asked for$40,000 for 20% equity
Final deal$40,000 for 60% equity
Shark Daymond John
LocationNew Jersey

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The Last Lid Founders

Melissa and Kevin Kiernan founded The Last Lid in 2011. Melissa was tired of pesky animals raiding their garbage cans, so she came up with an effective solution. With the help of her husband, they turned it into a sustainable business. Their business is no longer active, and the couple got divorced a few years ago. However, they are pursuing other ventures. The Last Lid’s founders, Melissa and Kevin Kiernan’s net worth is unknown as of 2024, as the company is out of business.

Key accomplishments

YearAccomplishment
2012The company was featured in Shark Tank USA and secured a deal. 

The company was acquire.

Conclusion

Some companies that appear on the show have not achieved great success, and the The Last Lid was one of them. Sometimes businesses don’t succeed because of 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,  The Last Lid went out of business in 2015. And the product is no longer available in the market.

What do you think?

Written by GAG Team

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