Whatever Happened To DynoSafe After Shark Tank?
The DynoSafe is an invention presented on Season 12, Episode 19 of "Shark Tank" by inventor Rebecca Romanucci and her husband, Eric. The DynoSafe is a clever invention that sits outside a house by the entrance. It's designed to be a weather-safe container that connects to an app that allows the owner to control the combination code that opens the safe and the interior temperature.
Designed to protect packages and deliveries from theft and the elements, DynoSafe allows owners to write their access code into the delivery instructions. From there, a delivery person can access the DynoSafe with the code and leave packages or food deliveries inside the safe. The companion app will alert owners when a secure delivery has been placed inside the safe. From there, they can ensure the interior is the right temperature for whatever was delivered, ensuring that groceries won't spoil.
Although the DynoSafe is a relatively large item, more extensive than many of the pitches that pass through the tank, the Sharks were interested in the merit of the product straight away. Not only does the DynoSafe actually solve a common problem for anyone who shops online, but it also has advanced technology and convenience built-in with the companion app.
Rebecca and Eris make a deal with Robert Herjavec
After a nervous pitch, Rebecca and Eric managed to get a few offers. Although the anxiety got the best of Rebecca early on in the presentation, she explained her product well enough to have a few Sharks on board. Originally seeking $150,000 for 15% equity in the business, Rebecca explained that her product was still in the prototype phase, so she hadn't made any money on the sales. That said, she did possess several patents for the technology that went into making the DynoSafe work the way it's supposed to.
Kevin O'Leary, Mr. Wonderful himself, offered the couple $150,000 for 40% of the business, wanting 25% more equity than what was originally offered. Although Kevin's offer was an extremely aggressive "Sharky" offer, it did actually make some semblance of sense. With a product that was still in the pre-sale phase and hadn't really proved that it would make a profit on a large scale, any investor is taking a big risk and taking on a lot of work.
Robert Herjavec made them an offer of $150,000 for 25%, but he wanted to be a member of the board with authority to appoint other board members. The couple agreed to the deal.
According to the Shark Tank Blog post about the episode, the deal with Herjavec fell through after the filming. It doesn't state what happened between the couple and the Shark.
Updates on the DynoSafe are available through their website
Although the deal with Robert Herjavec never closed, the DynoSafe is still available through DynoSafe.com, though potential buyers can't simply purchase the item and have it delivered to their house straight away. Instead, customers have to choose to join the DynoSafe waitlist. Once you've clicked on the "Join the Waitlist" button, the website will direct you to a short survey where it'll ask for a name, contact information, and a few questions about concerns that have led you to seek out DynoSafe as a solution, etc.
The website isn't clear on when the product will actually be available, though. At the top of the waitlist survey, it says, "Thank you for your interest in DynoSafe. Please complete this short survey so that we can bring DynoSafe to market quickly and with the features that are most important to you. We will keep in touch with you with the latest news and updates." This leads potential buyers to believe that the item isn't actually ready to be released to the public yet and they'll be unsure of an estimated release date unless they keep up with the updates.
According to the Shark Tank Blog, Rebecca and Eric have publicly voiced working with "amazing partners" in 2022, but as of the end of the year, the DynoSafe is still not actually being sold to the public.