Life & Entertainment
Shark Tank: Dynosafe Accepts $150,000 From Robert Herjavec

Shark Tank: Dynosafe Accepts $150,000 From Robert Herjavec

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As more and more consumers have important packages delivered to their doorstep, including food and medications, it’s important to ensure those packages remain safe until the consumer is able to bring them indoors. In an effort to create a safe and temperature-controlled environment for packages to be delivered, husband and wife duo, Eric and Rebecca Romanucci, developed Dynosafe. Their patented smartphone technology allows the Dynosafe locker to be accessed through a one-time code and remotely temperature-controlled to be sure that all of the parcels are stored appropriately.

The Romanucci’s are looking for a Shark that is willing to invest $150,000 in exchange for 15% equity in Dynosafe. Because their product is still in the prototype phase, there is a lot of work to be done to get the Dynosafe locker and app ready for sale. The Sharks are concerned that the technology protected through their patent may already be outdated, however, they are most interested in the app technology and believe that the app is the true investment opportunity in Dynosafe.

Kevin O’Leary and Robert Herjavec are both willing to take a risk on Dynosafe to be able to reap the benefits of the technology patent that the Romanucci’s hold. They believe the patented technology in Dynosafe is applicable to other product lines, making it a far more valuable venture than the Dynosafe locker alone. Kevin would like to license the technology and offers to invest $150,000 in exchange for 40% equity. Robert Herjavec also offers to invest $150,000 but does agree to go down to 25% equity. One of Robert’s stipulations is that he wants to establish a board of directors for Dynosafe where he would appoint the majority of the board members. Mark Cuban would like to serve on that board. They agree to Robert’s offer and stipulation.

If you were Eric and Rebecca Romanucci, which offer would you have chosen? Do you think they made the right decision by partnering with Robert Herjavec over Kevin O’Leary? Start the conversation below in the comments!


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