DynoSafe is a temperature-controlled smart safe that was featured on
Shark Tank DynoSafe Update
After landing a deal with Robert Herjavec, Eric and Rebecca have been hard at work on producing enough temperature-controlled porch safes to meet the demand. In terms of a DynoSafe update, there is currently a waiting list on the DynoSafe website for those interested in being one of the companies very first customers. Additionally, the company is working to set up partnerships with delivery services to ensure fewer packages are stolen or spoiled.
If we get more news on a DynoSafe update, we will be sure to let you know.
Shark Tank DynoSafe Recap
- Entrepreneur: 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
DynoSafe was featured on
Eric and Rebecca currently shared that their company was in the pre-revenue stage and only had a few prototypes of the porch safe available. They are planning to roll out more porch safes soon and are hoping to license them with grocery stores and other delivery services. They also shared that they hold a patent that prevents anyone from using the combination of a temperature regulator and a lock on a storage box.
While most of the sharks weren’t overly impressed with the design of the DynoSafe, both Robert Herjavec and Kevin O’Leary were interested in the patent that the company holds, and were willing to make offers contingent on the patent-holding true. Kevin offered $150,000 for 40% equity in the company, while Robert initially offered $150,000 for 50% equity. However, after some negotiations, Robert changed his offer to $150,000 for 25% equity contingent on the formation of a DynoSafe Board of Directors, in which he had the majority seats. Further, Mark Cuban offered to fill one of those seats. This offer interested Eric and Rebecca and DynoSafe left
Before you go, be sure to check out some of our other Shark Tanks Season 12 Episode 19 updates:
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