Lockerbones Shark Tank Update

Lockerbones Shark Tank Pitch

Stephan A. Coachys and Greg K. Cronin found a solution for disorganized lockers at school. Lockerbones is a no tools needed locker insert that provides a structure to place items into a locker.

Stephan and Greg have a design patent on their wood-cutting designs. Mark sarcastically jokes about Stephan and Greg suing a bunch of 7th graders for doing in woodshop class. Greg was a general contractor and used his tools to create a locker organizer for his daughter. While she was initially hesitant to bring the wooden organizer to school, after her classmates wanted one, Greg sold 60 units.

Over two years, they have sold 500 units of the latest version. They put $28k into the tooling to produce the current version and plan to use the investment to purchase tooling necessary to produce the units in colored plastic, which is cheaper and more desirable for retail stores like Staples, whom they plan to sell to.

While some sharks question Stephan and Greg's initial sales approach and go out, Robert and Lori are interested and make an offer together. Stephan and Greg waste no time on a strung-out back-and-forth argument and accept the offer happily.

Lockerbones After Shark Tank

Greg teamed up with the father, Steve Coachys, of one of the kids at the school who wanted a locker organizer. Together they utilized local inventor opportunities to produce Lockerbones, win some money for the business, and earn local press.