Fire Avert
device which shuts off power
Pitch Details
Season / Episode
S7E12
Jan 5, 2016
Ask
$300,000
for 7%
Ask Valuation
$4.3M
Deal
$300,000
for 10%
Watch the Pitch
Deal Terms
Amount$300,000
Equity10%
Valuation$3M
Royaltyyes per_unit
Lori GreinerWhat Happened Next
Deal Fell Through
Founder only owned 30% of the company; an early investor holding 60% refused to give up majority stake, making it difficult for any shark to secure meaningful control.
Thriving
$4M
reported
- Appeared on Season 7; deal with Lori Greiner for $150K for 10%
- Automatic stove shut-off device activated by smoke alarm
- Expanded into major retailers and online channels
- Became endorsed by fire departments and safety organizations
- Significant sales growth; strong repeat customer base among landlords and property managers
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