DynoSafe Shark Tank Update

DynoSafe Shark Tank Pitch

Rebecca Romanucci and Eric Romanucci appeared on Shark Tank Season 12, Episode 19, which aired on April 2, 2021, with temperature controlled porch safe to deter porch pirates.

DynoSafe is listed in the Lifestyle Home category. In plain terms, the business is described as temperature controlled porch safe to deter porch pirates.

DynoSafe asked the Sharks for $150,000 for 15%, implying a valuation of about $1 million.

On the show, DynoSafe made a listed deal with Robert Herjavec for $150,000 for 25%.

If treated as straight equity, the listed deal works out to about $600,000 implied valuation, down from the original $1 million implied valuation.

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

DynoSafe After Shark Tank

DynoSafe accepted an on-air Shark Tank deal for $150,000 for 25%. Later reporting says the deal did not close after filming. (Dynosafe Shark Tank Update

Eric and Rebecca say the business is going to have relationships in place with "amazing partners" in 2022. (Dynosafe Shark Tank Update

As of July 2022, the product is still available on a pre-order basis only on the company website. (Dynosafe Shark Tank Update

In March 2023, the business is still offering the product on a pre-order basis only. (Dynosafe Shark Tank Update

The "amazing partnerships" have yet to materialize. (Dynosafe Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches