Guard Llama Update

Guard Llama Safety App Update | Shark Tank Season 8

When tragedy struck on his campus, Joe Parisi saw firsthand the urgent need for faster emergency response. Together with his co-founder Nick Nevarez, he created Guard Llama—a personal safety device that, with a single press, instantly sends the user’s GPS location and profile to the police. It’s a quick and simple lifeline for anyone seeking a bit more peace of mind. But will this smart device win over the sharks? Let’s dive into our Guard Llama update and pitch recap and see if it earns the support it needs.

SharkResult
Barbara CorcoranAccepted offer of  $100,000 loan for 18% equity + $2 per unit until repaid
Kevin O’Leary$100,000 for 5% equity, plus a $5 royalty per sale until his investment is recouped.
Chris SaccaNo offer
Lori GreinerNo offer
Mark CubanNo offer

Shark Tank Guard Llama Pitch

Shark Tank Guard Llama Update
  • Entrepreneurs: Joe Parisi and Nick Nevarez
  • Business: Handheld personal security device and subscription service
  • Ask: $100,000 for 5% equity
  • Result: $100,000 loan for 18% + $2/unit until repaid
  • Shark: Barbara Corcoran

Joe entered Shark Tank with the sole purpose of making personal safety accessible to anyone in danger.

With his co-founder Nick, they sought an investment to expand production and scale their business reach.

Guard Llama is a small personal security device that connects to smartphones via Bluetooth.

With one button press, it alerts emergency services and chooses contacts with the user’s GPS location.

This ensures that users can reach help quickly in emergencies. Guard Llama operates on a subscription model and offers both individual and family plans.

These plans include features like 24/7 monitoring, emergency contact alerts, and location tracking.

As a result, Guard Llama provides reliable protection for those who require extra security, such as college students, real estate agents, and seniors.

Businesses may also find value in purchasing the device for field employees.

Customers can access Guard Llama’s service by purchasing the device and subscribing to a monthly plan.

Comparing their device, they explain that llamas, typically docile, can become highly aggressive when predators are near.

As they hand out samples, Chris Sacca jokes that he thought he was getting actual llamas.

The device operates within 150 feet of the user’s phone. At the time of filming, they had around 2,000 active users, each paying either $10 monthly or $100 annually.

When the button is pressed, the service calls the user first; if there’s no response, they promptly alert the police.

Mark Cuban expresses concerns about potential malfunctions and the liability that could come with them. He’s out.

Lori Greiner shares similar worries. She’s out as well.

Kevin O’Leary doesn’t agree with the current valuation. Despite his concerns, he offers $100,000 for 5% equity, with the condition of a $5 royalty on each sale until he recoups his investment.

Meanwhile, Chris Sacca doubted the scalability of the business and opted out.

Barbara Corcoran offers a $100,000 interest-free loan with a $2 royalty until she recoups her investment in exchange for 20% equity.

The entrepreneurs counter for 18% equity, and Barbara agrees. In the end, they seal the deal.

With a deal from Barbara let’s get a Guard Llama update to see where the company is today.

Shark Tank Guard Llama Update

Our Guard Llama update found that the agreement with Barbara Corcoran was not finalized. The specific reasons for this are not publicly detailed.

However, after airing on Shark Tank, the business received significant media attention, including features in the Chicago Tribune and various tech blogs.

Further, they partnered with the National Association of Realtors to distribute devices to real estate agents, a primary target market.

In 2019, Joseph Parisi was arrested on drug-related charges, including trafficking controlled substances.

Unfortunately, by late 2021, Guard Llama ceased operations amid customer complaints regarding service cancellations.

Our research on the Guard Llama update found that Nick has since pursued other ventures, including roles in real estate and investment sectors.

It appears that this is our final Guard Llama update.

For more company updates from Shark Tank Season 8 Episode 21, check out our updates below:

Before you go, be sure to check out our list of all the Shark Tank Season 8 products.

Website |  + posts

Andrew is a lifelong fan of Shark Tank and an entrepreneur at heart. He started Shark Tank Recap because he wanted a single place to track what happens to the companies, founders, and deals after they air on TV. With a sharp eye for business insights and a passion for all things Shark Tank, Andrew makes sure every recap is accurate, engaging, and fun.