Life Lift Systems Shark Tank Update

Life Lift Systems Shark Tank Pitch

Levi Wilson and Tim Todd appeared on Shark Tank Season 10, Episode 13, which aired on January 26, 2019, with storm shelter bed system.

Life Lift Systems is listed in the Lifestyle Home category. In plain terms, the business is described as storm shelter bed system.

Life Lift Systems asked the Sharks for $550,000 for 15%, implying a valuation of about $3.7 million.

On the show, Life Lift Systems made a listed deal with Mark Cuban for $550,000 for 25%.

If treated as straight equity, the listed deal works out to about $2.2 million implied valuation, down from the original $3.7 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Life Lift Systems After Shark Tank

Life Lift Systems accepted an on-air Shark Tank deal for $550,000 for 25%. The on-air deal closed. The business is now listed as out of business. (Life Lift Systems Shark Tank Update

By April, 2023, update sources put Life Lift Systems's annual revenue around $4 million. (Life Lift Systems Shark Tank Update

Since airing, Life Lift added 19 distributors with more in the wings. (Life Lift Systems Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches