Kitchen Safe Shark Tank Update

Kitchen Safe Shark Tank Pitch

David Krippendorf and Ryan Tseng appeared on Shark Tank Season 6, Episode 10, which aired on November 20, 2014, with time-locked container designed for those struggling with food cravings, bad spending habits and phone addiction, among other things.

Kitchen Safe is listed in the Lifestyle Home category. In plain terms, the business is described as time-locked container designed for those struggling with food cravings, bad spending habits and phone addiction, among other things.

Kitchen Safe asked the Sharks for $100,000 for 5%, implying a valuation of about $2 million.

On the show, Kitchen Safe made a listed deal with Lori Greiner for $100,000 for 20%.

If treated as straight equity, the listed deal works out to about $500,000 implied valuation, down from the original $2 million implied valuation.

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

Kitchen Safe After Shark Tank

Kitchen Safe accepted an on-air Shark Tank deal for $100,000 for 20%. The on-air deal did not close. Follow-up reporting lists the company as in business. (The Kitchen Safe Shark Tank Update

Kitchen Safe reported annual revenue of $5 million as of March 2023. The deal with the Sharks never closed, but they took Nick’s advice and changed the name to kSafe. (The Kitchen Safe Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches