Life Lift Systems
Life Lift Systems - tornado shelter
Pitch Details
Season / Episode
S10E13
Jan 27, 2019
Ask
$550,000
for 15%
Ask Valuation
$3.7M
Deal
$550,000
for 25%
Watch the Pitch
Deal Terms
Amount$550,000
Equity25%
Valuation$2.2M
Mark CubanWhat Happened Next
Operating
0- Deal with Mark Cuban for $550K for 25% (Season 10) - deal closed
- Expanded quickly: added 19 distributors, new shelter products
- Rebranded as Vortex Vaults in 2021; revenue reached ~$4M by 2023
- Customer complaints: power failures, faulty lifts, bed misalignment
- Went out of business abruptly; co-founder Tim Todd left in June 2019
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