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The Mighty Carver Net Worth 2023 Update (Before & After Shark Tank)

The Mighty Carver, an electric knife, was started by Lance and Kim Burney in 2016. As of December 2023, The Mighty Carver’s net worth is $9 million and they were $5 million annual revenue in 2022. 

In November 2021, they appeared on season 5 of Shark Tank USA and made a deal with Daymond John, $100,000 for 25% Equity. The final valuation was $400K, down from the founder’s initial estimate of $500K.

As of 2023 December, the company is still in business. You can purchase products through e-commerce channels such as their website and Amazon. 

The Mighty Carver Net Worth

Net worth$9 million
Annual Sales Revenue$5 million (2022)
Profits
Lifetime sales
InvestorDaymond John
FoundersLance and Kim Burney
Employees1-25 employees

The Mighty Carver Net Worth Timeline

Net Worth 2023$9 million
Net Worth 2022$8 million
Net worth valuation 2021 after appearing on Shark Tank  $400K
Net worth valuation 2021 before appearing on Shark Tank  $500K

The Mighty Carver Pitch on Shark Tank

Company nameThe Mighty Carver
ProductIt’s a food carving knife that runs on electricity and makes a noise similar to a chainsaw
EpisodeSeason 12 Episode 04
Founders Lance Burney and Kim Burney
Asked for$100,000 for 20% Equity
Final deal$100,000 for 25% Equity
Shark Daymond John
LocationSanford, Florida, United States

Don’t miss these product from Season 12

The Mighty Carver Founders

The Mighty Carver was founded by Lance Burney and Kim Burney in 2016. Kim is the CEO and creator of this company called LLC DBA Mighty Carver. Lance, the co-owner of LanKim LLC, is a successful entrepreneur who has been managing various businesses for 30 years. Currently, he serves as the President of Sigalrm, a company that has been operating since 1999, specializing in Proximity Alarm products. He finished his studies at the University of Central Florida. The Mighty Carver’s founders, Lance Burney and Kim Burney, have a net worth of 1.75 million USD as of 2023.

Key accomplishments

YearAccomplishment
2021The company appeared on Shark Tank Season 12 and got the deal from Daymond John.
2019They managed to sell 5000 units in 2019.
2023As of October 2023, they’re also working on creating a new (undisclosed) product.

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 Mighty Carver and its continued success.

What do you think?

Written by GAG Team

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