Product Update
Is Draft Top Still in Business? (2026 Update)
Is Draft Top from Shark Tank still around in 2026? The deal it made, the sharks who invested, and where to buy Draft Top today.
As an Amazon Associate I earn from qualifying purchases.
Draft Top pitched a genuinely odd idea, a tool that slices the entire top off an aluminum can so you can drink beer or soda like it's poured into a cup, and turned it into a real retail product with a redesign, a version 3.0, and features in Food Network and Food & Wine. The company is still selling today.
The Short Answer
Draft Top is still in business. Products are available directly through the company's website and on Amazon, giving it both a controlled retail channel and the wider reach of the marketplace, a combination that a meaningful share of Shark Tank alumni never manage to establish.
The Shark Tank Pitch
Founders Patrick Parizo and Armand Ferranti pitched Draft Top in Season 12, Episode 13, asking for 300,000 dollars for 10 percent equity, a figure that implied a 3 million dollar valuation for a tool most people would only ever use to open a beer.
The Deal That Got Done
Daymond John made the deal, offering the full 300,000 dollars the founders asked for but taking 20 percent equity instead of the 10 percent originally on the table, doubling his stake in exchange for the capital. That is a common Daymond John pattern on the show: hold the check size steady, but negotiate the ownership up.
Beyond the capital, Daymond reportedly worked directly with the founders on fixing design flaws that came up during the pitch itself, feedback that fed directly into the redesigned product now sold as Draft Top 3.0.
Draft Top net worth in 2026
Shark Tank tracking sites place Draft Top's estimated net worth at just under 3 million dollars as of the most recent reporting, roughly in line with the valuation implied by the original 300,000 dollar for 10 percent ask, though it is worth being clear that a specific tracking-site estimate for a private company is a modeled figure, not an audited one.
There is no company-disclosed revenue or valuation figure publicly available to independently confirm that number, so treat it as the best publicly available estimate rather than a verified fact. What is verifiable is that the product line has continued to evolve past its original Shark Tank version, which is itself a signal of ongoing investment in the business.
The Redesign and the Press
The most tangible post-show development is the product redesign itself. The original Draft Top pitched on the show had flaws the sharks flagged directly during the pitch, mainly around how cleanly and safely the tool sliced through the can lid, and Daymond's involvement reportedly helped the founders address those issues, resulting in the current Draft Top 3.0 version now sold on the market. Version numbers matter here: a company still iterating its core product years after the original pitch is a company still actively investing engineering time in it, not just reprinting the same packaging.
The brand also picked up unpaid media coverage well beyond its Shark Tank appearance, with features from Food Network, Food & Wine, and Real Simple, the kind of lifestyle press placement that tends to follow a product once it has proven durable enough to be worth writing about again years after its original TV moment. That kind of ongoing lifestyle and food media attention is a meaningfully different signal than a one-time Shark Tank mention, since it means outlets are choosing to cover the product on its own merits well after the original television novelty wore off.
The product itself remains a fairly simple value proposition, turning a sealed can into an open-top cup for drinking beer, cocktails, or soda, and that simplicity may be part of why it has stuck around. There is not much to break or discontinue in a tool that does one specific job, which lowers the operating complexity relative to a company managing a wide catalog of SKUs.
Where Things Stand Now
Draft Top pitched in Season 12 asking for 300,000 dollars at a 3 million dollar valuation and closed a deal with Daymond John for that same 300,000 dollars at 20 percent equity instead of the 10 percent originally offered.
The company is currently selling its redesigned 3.0 version through both its own site and Amazon, with an estimated net worth just under 3 million dollars per tracking-site estimates. If you came here to check whether the can-opening gadget from Season 12 survived, it did, and it got a product overhaul along the way.
Where to buy Draft Top
Still selling as of February 16, 2026. Check today's price and availability.
Affiliate link — we may earn a commission at no extra cost to you.
See the full Draft Top deal breakdown and term sheet →
