Garage Door Lock Shark Tank Net Worth

The key to haven s smart lock pitch was proving how easily an intruder can kick down a door secured by a regular deadbolt.

Garage door lock shark tank net worth. Fingerprint door lock ardwolf a60 biometric keyless entry door locks smart front door lock with digital keypads and backup key for garage home 304 stainless steel irreversible left handle 4 3 out of 5 stars 44. The richest shark by an order of magnitude cuban boasts a net worth of 4 3 billion currently ranking 179 on the 2019 forbes 400 list. Mark cuban net worth. Robert offered 275 for an astonishing 70.

Daymond offered the 275 for 40 contingent on getting a licensing deal. Despite some flying kicks the co founders couldn t make it happen. With an initial production run of product tooled and manufactured locally their product cost was greater than the price a. Elocksys company owners were presented with the challenge of cost effectively bringing their remote control dead bolt garage door lock to market.

After receiving the financial and advisory backing of shark daymond john on the hit abc cnbc series shark tank. The sharks all agreed there was a serious need for this product and were shocked to learn how easy it is to enter a home through the garage door. The entrepreneur behind garage door lock bryan white pitched the product on shark tank in march 2014. It has now been four years since shark tank and the business is now valued at 1 billion siminoff 41 says on an update for the show that aired nov.

As far as the e lock system getting a deal on the shark tank we ll considering this episode was filmed last year i would assume any shark that invested in this garage door lock would have already addressed the social network issue as they do with all their shark tank investments. Today we re over 1 300 people. Bryan began by selling the sharks on the necessity of his product by mentioning there was a home. Garage door lock by elocksys went into the shark tank asking for 275k for 30 equity.