Draft Top Net Worth Shark Tank Update 2025

When you crack open a cold beer or soda, you often sip it straight from the can. But there’s one thing many people have noticed — it never tastes quite the same as drinking from a glass. The narrow opening of the can limits the aroma, and it doesn’t feel like the smooth drinking experience we get at bars. Also, some people find it annoying to drink from a can because of the metallic rim.

There’s no easy way to open up the whole top of a can without risking injury or making a mess. This small problem affects many people who enjoy beverages from a can regularly.

That’s where Patrick Parizo and Armand Ferranti come in. These two entrepreneurs decided to change how people enjoy their canned drinks. They created the Draft Top,  a special tool that lets you safely and smoothly remove the entire top of a can. Now, your drink is open just like a glass, letting you enjoy the full aroma and taste. 

In Season 12, Episode 13 of Shark Tank, Patrick and Armand came in with a confident pitch. They asked for $300,000 in exchange for 10% equity in their business. The sharks were curious about the product, and one shark ended up making them an offer they accepted. Let’s dive into the full journey of Draft Top on Shark Tank and what happened next.

Draft Top Net Worth Shark Tank Update 2025

Patrick and Armand were looking for an investment of $300k in exchange for 10% equity in the company. At the time of the episode, they valued their company at $3 million. Patrick and Armand successfully secured a deal with Daymond John for an investment of $300k for 20% equity in the company. The investment adjusted the company’s net worth to around $1.5 million. After the show was aired, the company experienced a good boost in exposure. As per my rough estimate, the current net worth of Draft Top is around $2.7 million.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Daymond John	$300,000 for 20% equity	N/A	Yes
Lori Greiner	Out	N/A	N/A
Kevin O’Leary	Out	N/A	N/A
Jamie Siminoff	Out	N/A	N/A
Mark Cuban	Out	N/A	N/A

Patrick Parizo and Armand Ferranti  Backstory + Their Initial Pitch 

Patrick and Armand didn’t just wake up one day and decide to make this tool. Their idea came from real-life experiences. Like many others, they noticed that drinking from a can just didn’t feel right. They wanted a way to enjoy their drinks more freely, and they believed others felt the same. So they started working on a solution. It wasn’t easy. The first few versions of Draft Top didn’t work perfectly.

Some customers even said it made a mess. But Patrick and Armand didn’t give up. They tested different designs and materials until they came up with a version that was safe, easy to use, and effective. Their biggest goal was to make a clean and smooth tool that worked for everyone.

In their Shark Tank pitch, they showed the sharks how the Draft Top works. They used real cans and demonstrated how to remove the top smoothly. The tool was designed with special grips so it could be used by both right-handed and left-handed people. They shared that their tool was 100% made in the USA and protected by a patent. It cost them around $4.13 to make each unit, and they sold it for $24.99. This left a good profit margin.

The sharks listened carefully as Patrick and Armand revealed their sales numbers. The company had already made over $2 million in total sales. Even more impressive, $1.6 million of that came in just the 8 months before filming the episode. They had run a successful Kickstarter campaign and built a solid customer base. The only challenge was keeping up with the demand. That’s why they needed help. They wanted a shark to help them scale production and grow even faster.

Queries + Shark’s Responses, and Final Deal

The sharks started asking questions. 

Lori Greiner was curious about how easy it was to use. She tried it herself but struggled a bit. She said that if a product was hard to use, customers might give up on it. Lori decided to step out and not invest. 

Mark Cuban also had concerns. He said he liked the idea, but it felt a bit too tricky to use, especially for a product meant to make life easier. Mark stepped out too.

Kevin O’Leary had a question about valuation. He felt the business was priced too high. He didn’t like that the product had usability complaints and still carried such a strong valuation. He chose not to make an offer. 

Barbara Corcoran agreed with the others and said she wasn’t confident that the product would go mainstream. She also stepped out.

But not all hope was lost. 

Daymond John spoke up. He admitted that at first, he had doubts too. But he saw the passion in Patrick and Armand. He liked their attitude and how they handled criticism. He believed the product could be improved with the right help. 

Daymond made an offer of $300,000 in exchange for 20% equity. The founders thought about it and accepted. It was a great moment for the team.

Product Availability

As for the product, the Draft Top is a unique tool. It is made with spring-loaded grips that make it easy to hold. The tool removes the top of any regular aluminum can, turning it into a cup-like container. This makes it better for cocktails, mixers, or simply enjoying a beer. It’s especially useful at parties and events. No need to pour into another glass.

Today, the Draft Top is still available. You can buy it from their official website or from Amazon. The updated version, Draft Top 3.0, is designed to be easier to use. It has better grips and smoother performance. Customers have given good reviews, saying that it works well once you get the hang of it. The company also sells accessories and even apparel related to their brand.

What Happened To The Draft Top After Shark Tank?

According to the latest updates, Draft Top is still in business. The company’s estimated net worth is about $2.7 million. It has improved its product and even gained attention from big names. The Draft Top has been featured by Food Network, Real Simple, and Food & Wine. This kind of publicity helps a lot in keeping the brand alive.

With Daymond John’s support, it looks like Patrick and Armand were able to fix some of the issues that came up during the pitch. They focused on design and customer support. This helped rebuild trust with their audience. Daymond’s experience and business knowledge surely played a big role in these improvements.

Conclusion 

Draft Top’s journey on Shark Tank was filled with ups and downs. The founders had a smart idea and a working product, but some sharks had concerns. Despite that, they walked away with a deal from Daymond John. The company is still active and has improved its product. They listened to feedback and made changes. 

Their story shows how important it is to keep improving and never give up, even when things don’t go perfectly. The Draft Top is now a better product, and the founders are still working hard to grow their business. Yes, they did secure a deal, and with Daymond by their side, they’re looking forward to a brighter future.