Elocksys company owners were presented with the challenge of cost effectively bringing their remote control dead bolt garage door lock to market.
Shark tank products garage door lock.
The lock is constructed of military grade steel and nylon and industrial strength polycarbonates and uses a simple but uniquely designed wedge to protect a door from intrusion.
Bryan began by selling the sharks on the necessity of his product by mentioning there was a home.
This aint no start up.
The elocksys garage door opener sells at sears.
After receiving the financial and advisory backing of shark daymond john on the hit abc cnbc series shark tank.
White got a patent for his invention way back in 2002 now he s hoping a shark can help make his patent and product pay off.
There is a core group of 6 sharks mark cuban robert herjavec barbara corcoran lori greiner daymond john and kevin o leary 5 of which appear on any given episode of shark tank.
Mr white has sold quite a few of his garage door locks over the years.
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Daymond john offered 275 000 for 35 percent equity contingent on the company getting a.
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.
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One thing makes me wonder why white is in the shark tank with this product.
The entrepreneur behind garage door lock bryan white pitched the product on shark tank in march 2014.
What the garage door lock does is lock your garage door with a remote the same way you open and close it.
Entrepreneur bryan white pitches his garage door lock in shark tank episode 523 on march 21.
Daymond offered the 275 for 40 contingent on getting a licensing deal.
The garage door lock on shark tank bryan entered the tank seeking 275 000 for 30 of his company.
Other locks secure the door to the frame.
Haven is anchored to the floor engaging with the bottom of your door and reinforcing the entire width of it.
Depending on who you believe the company does anywhere from 1 million to 5 million in annual sales.
The cast of abc s shark tank is a rotating group of investors business experts and self made millionaire and billionaires.