Shark Tank Update
Shark Tank Pitch
Garage Door Lock Shark Tank Update
Published:
2m
Encinitas, CA
| Name | Garage Door Lock |
|---|---|
| Main Presenters | Bryan White |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 1/1/2015 |
| Main Location | Encinitas, CA Loading Map |
| Order Shown in Episode | 2 |
| Final Deal | Deal was made on the show with sharks Daymond John for $275k for 35% of company contingent on a licensing deal. |
Garage Door Lock Shark Tank Pitch
Bryan White says thieves can easily open garage doors, so he created the Garage Door Lock. The Garage Door Lock is an add-on to the existing garage door infrastructure that can be installed by customers in a few hours.
Bryan has put $250k into Garage Door Lock and has sold 450 units at $250 through his website, equating to $112k in sales. Bryan believes he needs help with marketing. He posted one YouTube video in 2010 that boosted his sales but has not done anything since. Most customers find Garage Door Lock after they have had a break-in. Bryan wants to get the Garage Door Lock in retail stores.
Bryan invented the mechanism that launched parasails off a boat. Barbara sees Bryan as an inventor rather than an entrepreneur who can push the business to the next level. Daymond makes an offer contingent on licensing the product, and Robert gives an aggressive offer for 70% equity. Bryan counters Daymond and seals a deal.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $275k for 30% of company | |
| Sharks | Out | Barbara Corcoran | Out |
| Sharks | Out | Kevin O'Leary | Out |
| Sharks | Out | Mark Cuban | Out |
| Sharks | Offered | Daymond John | $275k for 40% of company contingent on making a licensing deal |
| Sharks | Offered | Robert Herjavec | $275k for 70% of company |
| Company | Deal | Daymond John | $275k for 35% of company contingent on a licensing deal |
Mark Cuban
Out
Daymond John
Made Deal
Kevin O'Leary
Out
Barbara Corcoran
Out
Robert Herjavec
Offered
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
Garage Door Lock After Shark Tank
According to a 2014 article by adhguardianusa.com https://www.adhguardianusa.com/products/garagedoorlock%C2%AE, Garage Door Lock, owned by the company, Elocksys, was too expensive to produce and unaffordable to the market. Bryan White worked with garage door company, Guardian, to redesign the Garage. Door Lock to be simpler and cheaper. The nature of the deal and Daymond's involvement is unclear.Link Preview
adhguardianusa.com
Elocksys / Garage Door lock appears to never had any social media presence beyond the few YouTube https://www.youtube.com/channel/UCo_k66dHri76dNmHhUaklOg https://www.linkedin.com/in/bryan-white-2440884b https://www.linkedin.com/in/christine-barry-d-b-a-66b95835 https://elocksysgaragelock.com videos in 2010. Bryan White's LinkedIn Link Preview
YouTube is outdated as of 2023. Garage Door Lock appears to have changed ownership at some point to Christine Barry according to her LinkedIn Link Preview
LinkedIn . Many of the original website domains are down but elocksysgaragelock.com Link Preview
LinkedIn is active in 2023 and has created social media pages in 2022.Link Preview
elocksysgaragelock.com
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