SignalVault Shark Tank Update

SignalVault Shark Tank Pitch

Chris Gilpin appeared on Shark Tank Season 7, Episode 1, which aired on September 25, 2015, with protects your credit and debit card info from being stolen.

SignalVault is listed in the Accessories Gadgets category. In plain terms, the business is described as protects your credit and debit card info from being stolen.

SignalVault asked the Sharks for $200,000 for 12.5%, implying a valuation of about $1.6 million.

On the show, SignalVault made a listed deal with Lori Greiner and Robert Herjavec for $200,000 for 25%.

If treated as straight equity, the listed deal works out to about $800,000 implied valuation, down from the original $1.6 million implied valuation.

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

SignalVault After Shark Tank

SignalVault accepted an on-air Shark Tank deal for $200,000 for 25%. Follow-up reporting lists the company as still operating after its Shark Tank appearance. (SignalVault Shark Tank Update

SignalVault reported sales of $2 million. (SignalVault Shark Tank Update

The day after Signal Vault aired, Chris was on QVC with Lori and they sold out in 8 minutes. (SignalVault Shark Tank Update

Signal Vault is featured in an update segment in episode 717, just 5 months after the original air date. (SignalVault Shark Tank Update

The official website for SignalVault is listed as www.signal-vault.com. (SignalVault website

Sources

Sources used for this page: Shark Tank API pitches