Product Update

Is The Last Lid Still in Business? (2026 Update)

Is The Last Lid from Shark Tank still around in 2026? Its on-air agreement, what happened afterward, and current ordering options.

Shark Tank Index TeamJune 22, 20266 min read

Melissa and Kevin Kiernan pitched a universal garbage can lid meant to fit trash cans of different shapes and sizes, and Daymond John was intrigued enough to make an aggressive counteroffer. What followed was not a growth story. The Last Lid is a case where the shark's terms turned out to reflect real risk in the business rather than a bargain.

The Short Answer

No, The Last Lid is not still in business. According to Shark Tank tracking sites that followed the company after its Season 3 appearance, the founders sold the company in 2015 for an undisclosed amount after struggling to gain retail traction, and the product was subsequently licensed out and discontinued. The company's website has been shut down, and this research found no working domain for thelastlid.com today, with the most recent Wayback Machine capture dating back to September 2017.

There is no current retailer, no active site, and no evidence the product is manufactured anymore.

The Shark Tank Pitch

The Last Lid pitched in Season 3, Episode 5, out of West Greenwich, Rhode Island, in the home and lifestyle category, with a universal lid designed to snap onto mismatched garbage cans, a real household annoyance dressed up as a simple hardware fix.

The founders asked for 40,000 dollars for 20 percent of the company, valuing the business at 200,000 dollars.

The Deal That Got Done

Daymond John was the only shark to bite, and he did not take the terms as offered. He countered with 40,000 dollars for 60 percent equity, three times the ownership stake the Kiernans had proposed for the same amount of cash. They accepted anyway, likely because it was the only offer in the room and walking away with zero was the alternative.

That kind of lopsided renegotiation is often a warning sign in hindsight. When a shark demands triple the equity for the same dollar figure, it usually means they see thinner margins or a harder path to distribution than the founders are pitching, and John's read on this one proved accurate.

The Last Lid net worth in 2026

The Last Lid's net worth today is effectively zero. Shark Tank tracking sites that followed the company's outcome list its current value at zero dollars, consistent with a 2015 sale, a discontinued product, and a decade of no retail presence. There is no credible alternative estimate to offer here. When a company is sold, its product discontinued, and its website shut down, there simply is no ongoing business to value.

This is one of the more clear-cut zero-net-worth outcomes in the Shark Tank alumni pool, not a matter of interpretation but a documented sale followed by discontinuation.

Why a Universal Lid Never Found Its Shelf

The economics were part of the problem from the start. Production cost ran about 3.50 dollars per lid, and the pair retailed for 19.95 dollars for two, margins that look fine on a spreadsheet but leave little room once a big-box retailer takes its cut and marketing costs enter the picture. The product also never achieved the wide retail distribution John's larger equity stake was presumably meant to help unlock.

After the 2015 sale, co-founder Kevin Kiernan moved on to develop a separate product, Stadium Glove, while Melissa Kiernan pursued real estate and other business ventures, according to tracking-site follow-up coverage. Neither continued with The Last Lid in any form.

What the Steep Equity Terms Signaled Early

Looking back, John's insistence on 60 percent instead of the 20 percent the Kiernans proposed reads less like a negotiating tactic and more like a founder-stage credit check. A shark who believes in a product's margins and distribution path will often meet a founder closer to the middle. Tripling the ask to the same dollar figure suggests John saw the manufacturing cost structure, a 3.50 dollar unit sold as a pair for 19.95 dollars, as thinner than the founders were presenting, and priced his risk accordingly rather than walking away outright.

That reading held up. The company never solved its retail distribution problem in the years that followed, and the 2015 sale closed out a business that, by the accounts available, never scaled past a modest niche presence even with a national television appearance behind it.

Where Things Stand Now

The Last Lid pitched in Season 3 out of West Greenwich, Rhode Island, asked for 40,000 dollars for 20 percent, and ended up giving Daymond John 60 percent for the same money. The company struggled to find retail traction, sold in 2015, and the product was discontinued shortly after.

If you are searching for a universal trash can lid today, this is not where you will find one. The Last Lid closed that chapter roughly a decade ago and never reopened it.

Recorded pitch result

Recorded on-air deal

$40,000 recorded amount
60% equity
With Daymond John

These are the recorded on-air terms. The pitch fields do not confirm completed funding; a company update may report later closing, changed terms or a deal that fell through.

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See the full The Last Lid pitch breakdown and reported terms →