Mighty Carver Net Worth Shark Tank Update 2025

Everyone knows the struggle of carving a turkey on Thanksgiving. It’s supposed to be the highlight of the meal, but instead, it often turns into a stressful mess. The knife isn’t sharp enough. It slips. It tears the meat instead of slicing it. What should be fun and festive becomes frustrating. That’s exactly the problem Lance and Kim Burney noticed. They wanted to find a better way. Something easier. And maybe, something more fun.

So, they came up with the Mighty Carver. It’s an electric carving knife, but with a twist. It looks like a chainsaw. Yes, you read that right. A carving knife that looks like a chainsaw! It’s powerful, fun to use, and actually solves a real problem.

They brought their product to Shark Tank in Season 12, hoping to carve out a deal. The couple asked the Sharks for $100,000 in exchange for 20% equity in their company. What happened next was as exciting as the product itself. Let’s dive into the full story. 

Mighty Carver Net Worth Shark Tank Update 2025

Lance and Kim Burney were looking for an investment of $100k in exchange for 20% equity in the company. At the time of the episode, they valued their company at $500k. Lance and Kim successfully secured a deal with Daymond John for an investment of $100k for 25% equity in the company. The investment adjusted the company’s net worth to around $400k. After the show was aired, the company experienced a good boost in exposure. As per my rough estimate, the current net worth of Mighty Carver is around $8 million.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Daymond John	1# $100,000 for 27.5% equity 2# $100,000 for 25% equity	$100,000 for 22% of equity stake	Yes
Lori Greiner	Out	N/A	N/A
Kevin O’Leary	$100,000 for 33.3% equity	N/A	No
Barbara Corcoran	Out	N/A	N/A
Mark Cuban	Out	N/A	N/A

Lance and Kim Burney Backstory + Their Initial Pitch 

Lance and Kim Burney aren’t your typical businesspeople. They’re a husband and wife duo with a shared love for family traditions. One of those traditions is Thanksgiving dinner. Every year, they noticed the same thing — the turkey carving moment felt boring or awkward. And the tools used weren’t that great either. They wanted to create something fun. Something memorable.

That’s where the Mighty Carver idea came from. They wanted to make carving as exciting as the rest of the holiday. At first, it was just a concept. They had no idea how to make an electric knife, let alone one that looks like a chainsaw. But they believed in their idea.

They faced many challenges early on. Manufacturing was tough. Designing something safe but still fun-looking wasn’t easy. And convincing people it wasn’t just a joke product? Even harder. But they kept going. By the time they got to Shark Tank, they had a working product and sales to prove it.

Their pitch was energetic. Lance even held up a Mighty Carver while wearing a horror-style mask to show how fun the product could be. It was part comedy, part business. And it worked. The Sharks were smiling, laughing, and listening.

Queries + Shark’s Responses, and Final Deal

As always on Shark Tank, the Sharks had a lot of questions. Kevin O’Leary went first. He asked about sales numbers. Lance and Kim shared that they sold 8,500 units and made about $200,000 in sales. Kevin seemed pleased and said it could be a fun addition to his Chef Wonderful collection. He made an offer of $100,000 for 33.3% equity.

Daymond John was next. He liked the fun nature of the product. He thought it had strong gift potential. He offered $100,000 for 27.5% equity. That was better than Kevin’s deal. Lance and Kim looked hopeful.

Mark Cuban and Barbara Corcoran tried to team up and get in on the deal. But it was too late. The negotiation was already moving forward with Daymond.

Daymond then sweetened his deal. He offered $100,000 for just 25% equity. That was the magic number for Lance and Kim. They accepted it right away. The handshake sealed the deal, and the couple left the Tank with smiles.

Product Availability

The Mighty Carver is more than just a novelty. It’s a fully functional electric carving knife. It has dual stainless steel blades that slice smoothly through meat, bread, fruit, and more. The body is shaped like a chainsaw, which makes it unique and fun to use. It’s not only about performance but also about experience.

It’s safe, easy to clean, and simple to operate. The handle is sturdy and designed to feel like you’re holding a power tool. It turns carving into something exciting and memorable.

You can buy the Mighty Carver online. It’s available on Amazon, where it has hundreds of glowing reviews. It’s also sold directly from the company’s website at mightycarver.com. Prices are usually around $74.99, depending on sales and bundles. It’s often promoted as a great gift for holidays, especially Thanksgiving and Christmas.

What Happened To The Mighty Carver After Shark Tank?

After Shark Tank, Mighty Carver saw a huge jump in attention. Their website traffic spiked, and sales shot up. The Shark Tank effect was real. People loved the product, and it started appearing in holiday gift guides and cooking blogs. Today, the company is doing great. They were still in business and had grown a lot. Estimates show the company is now worth around $8 million. That’s a huge leap from where they started. And a big reason is their Shark Tank appearance.

Daymond John has helped them grow the brand and reach new customers. With his help, the product got into more homes and more holiday dinners. The Mighty Carver also became a popular gift. People love giving it to friends and family who love to cook (or love power tools). The company also introduced bundles, including carving sets and gift boxes. This made the product even more appealing for special occasions.

Today, Mighty Carver is still going strong. The founders continue to run the business and come up with new ideas. They’ve built a brand that’s not only fun but also functional.

Conclusion 

The journey of the Mighty Carver on Shark Tank was more than just fun TV. It was the story of two people turning a creative idea into a real business. Lance and Kim Burney saw a problem, boring turkey carving, and they solved it in a way no one expected. A chainsaw-shaped electric knife? It sounds crazy, but it worked.

They walked into the Tank with $200,000 in sales. They walked out with a deal from Daymond John, $100,000 for 25% equity. Since then, their business has grown massively. The Mighty Carver is now a favorite gift item, especially during the holidays.

The product is available on Amazon and their own website. It’s well-reviewed, well-loved, and still carving strong. Lance and Kim proved that even a fun idea can be a smart business. With the right vision, passion, and Shark, anything is possible.