Nowadays, people are ordering home deliveries for just about everything, but it’s not always possible to keep these items safe until they can be collected. Because of this, Eric and Rebecca Romanucci have created a temperature-controlled safe for their porch. Will they walk away with a deal on
If you’re short on time, here’s a quick overview of what happened to DynoSafe after
DynoSafe appeared on
|Accepted deal for $150,000 for 25% equity
|$150,000 for 40% equity
Shark Tank DynoSafe Update
- Entrepreneurs: Eric and Rebecca Romanucci
- Business: Temperature-controlled porch safe
- Ask: $150,000 for 15% equity
- Result: $150,000 for 25% equity and a Board of Directors controlled by Robert Herjavec
- Shark: Robert Herjavec
Husband and wife duo, Eric and Rebecca, brought their company DynoSafe to
Basically, a delivery person uses a one-time, app-generated code to place the items in the safe. The customer can then use the app to regulate temperatures until they return home to collect their items.
However, at the time of the pitch, the company was in the pre-revenue stage, with only a few prototypes of the safe available. Eric and Rebecca are planning to roll out more porch safes soon.
Further, they are also in talks with Amazon and Walmart to bring DynoSafe to retail. The couple also plans to license their product with grocery stores and other delivery services.
Eric and Rebeccas shared that they hold a patent on the DynoSafe, preventing anyone from using the combination of a temperature regulator and a lock on a storage box.
When asked about their backstory, Rebecca shared that as a business owner, she has sent products to customers who never receive their packages. This led her to find a solution and create DynoSafe.
Unfortunately, most of the sharks are not overly impressed with the design of the DynoSafe.
Mark Cuban is the first shark out. He says while Rebecca owns the patent for a keypad lock on the safe, he feels technology will work around that.
Likewise, Daymond John feels there are too many challenges to overcome with the retailers, so he too is out.
Next out is Lori Greiner, who doesn’t see a clear path forward in helping the couple navigate the next steps needed.
Robert Herjavec and Kevin O’Leary remain interested, but only if the patent truly covers advances in lock technology.
Robert initially offered $150,000 for 51% equity. Then, Kevin offered $150,000 for 40% equity in the company.
However, Rebecca says she can’t give away that much of her business. So, Robert changed his offer to $150,000 for 25% equity.
However, the deal is contingent on the formation of a DynoSafe Board of Directors, in which he has the majority seats. Further, Mark Cuban offers to fill one of those seats.
Eric and Rebecca accept the deal, and DynoSafe leaves
During our DynoSafe update research, the company is still in business but still has not released any lockboxes. Further, the deal with Robert never closed.
At the time of this writing, there is currently a waitlist on the DynoSafe website for those interested in being one of the company’s very first customers.
Additionally, Eric and Rebecca are still working to set up partnerships with delivery services, to ensure fewer packages are stolen or spoiled. Hopefully, they will be able to finally get their product out there!
If we get more news on a DynoSafe update, we will be sure to let you know.
Before you go, be sure to check out some of our other Shark Tanks Season 12 Episode 19 updates:
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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!