Fire Avert Shark Tank Update
device which shuts off power
What Happened to Fire Avert After Shark Tank
Is Fire Avert still in business? Yes — still in business and thriving.
$4M
reported annual revenue
- On-air deal with Lori Greiner did not close; price dropped to $99 the day after airing
- $3.6 million in cumulative sales by mid-2019; introduced gas stove version in 2019
- Struck deal with Marriott Vacations Worldwide for units in all rental properties
- Annual revenue $4 million as of October 2023
Last verified Apr 1, 2026. Web-confirmed sources.
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The Fire Avert Shark Tank Pitch
Peter Thorpe of Springville, UT pitched Fire Avert on Shark Tank Season 7, Episode 12, which aired Tuesday, January 5, 2016, asking for $300,000 for 7% of the company — a $4.3M valuation.
Lori Greiner agreed to invest $300,000 for 10% equity, valuing the company at $3M, plus a royalty per unit. The deal fell through after the show. 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.
Watch the Pitch
Pitch Details
- Aired
- S7E12Jan 5, 2016
- Ask
- $300,000for 7%
- Ask Valuation
- $4.3M
Deal Terms
Terms agreed on air. The deal did not close.
- Amount
- $300,000
- Equity
- 10%
- Valuation
- $3M
- Royalty
- yes per_unit
Lori Greiner