Life Lift Systems
Dealtornado shelter
Life Lift Systems, the tornado shelter, landed on the national radar after pitching the sharks in Season 10, and convinced Mark Cuban to invest.
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From the show
The Shark Tank pitch
- $550K
- Asked for
- 15%
- Offered equity
- $3.7M
- Sought valuation
- $550K
- Deal amount
- 25%
- Deal equity
- $2.2M
- Deal valuation
The entrepreneurs faced the sharks in Season 10, Episode 13 in the episode that aired January 27, 2019. Life Lift Systems, the tornado shelter, pitched in the Home & Lifestyle category, one of 260 home & lifestyle businesses to brave the Tank across all 17 seasons.
They came in asking $550,000 in exchange for 15% equity, putting a $3.7M valuation on the business.
Mark Cuban made the deal at $550,000 for 25% equity. That priced the company at $2.2M, a haircut from the $3.7M the founders walked in asking for, which is how negotiations in the Tank usually go.
Across Season 10, 63 of 92 pitches ended in a handshake. In the Home & Lifestyle category overall, roughly 68% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Life Lift Systems?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Life Lift Systems get a deal on Shark Tank?
Yes. Life Lift Systems closed a deal for $550,000 in exchange for 25% equity, with Mark Cuban.
Which shark invested in Life Lift Systems?
Mark Cuban invested in Life Lift Systems ($550,000 total as aired).
What season of Shark Tank was Life Lift Systems on?
Life Lift Systems appeared in Season 10, Episode 13, which aired January 27, 2019.
How much was Life Lift Systems asking for on Shark Tank?
The founders asked for $550,000 for 15% of the company, a $3.7M valuation.
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