Shark Tank: signal Vault Scans the Sharks for A Deal, Accepts take care of Robert Herjavec and Lori Greiner for $200,000

Erica Abbott

September 25, 2015

signal-vault.com

signal-vault.com

Chris Gilpin of sign Vault is the ultimate entrepreneur to enter the tank in the season 7 most fulfilling.

he’s providing $ 200,000 for 12.5 % of his company.

His firm targets to prevent hackers with scanners from obtaining credit and debit card data. the card protector is solely positioned in the wallet close to your cards and protects your knowledge.

the company began virtually 2 years ago and has sold 45,000. He began the company with the winnings from a $ 1 lottery ticket.

He explains to the sharks that credit and debit card hacking is a multi-billion dollar downside, but admits that there is every other main participant within the house.

O’Leary likes the product but will simplest chew for 20 percent.

Greinet also makes a suggestion, however for 18 p.c. She asks for a counter to which he tells her he desires to listen to from Kutcher. He goes out.

Greiner lowers her offer to 15 p.c and says that she can make his product a family name.

security leader Herjavec then offers him a deal for $ 200,00 for 15 percent, the identical as Greiner’s. The sharks who are in combat over the deal, citing all the ways that they may build his brand.

Cuban thinks he is underestimating how exhausting it is going to be to develop his company and goes out.

He questions whether Greiner and Herjavec will come together for a $ 250,000 funding for 18 percent. they want higher equity for a staff of two and he bargains back $ 200,000 for 25 %.

final deal: Herjavec and Greiner for $ 200,000 for 25 %.

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