EmergenSee Shark Tank Net Worth
The company was highly valued at $2.5 million during its pitch, however, it unexpectedly closed its doors shortly after and its current net worth is therefore unavailable.
This unfortunate turn of events has unfortunately put the company’s financials in a state of flux, making it difficult to estimate their real value.
Investors who had put money into the company were unable to secure any returns, as all prospects suddenly disappeared with the shutdown.
What is EmergenSee?
EmergenSee is an app that allows users to share their location with friends, family members, and emergency services through live streaming and sharing. This app was created by Phil Reitnour and has a variety of features that can be used in times of crisis.
With the touch of a button, users can inform a pre-selected group of individuals of their emergency. The app can also switch smartphones into “stealth” mode to prevent them from drawing notice in dangerous situations.
When activated, EmergenSee will live stream audio and video from the user’s phone to their selected contacts, and a GPS locator will notify them of the user’s position. The app also saves medical information for first responders in an emergency medical kit, which can be accessed to provide essential personal information that can save lives.
EmergenSee is a free app, but users can opt to pay $8.99 per month to be linked to a 24/7 professional monitoring station. If this option is chosen, expert monitors will promptly notify first responders of the user’s location and situation.
The app also has the capability to work with numerous college campuses and campus police agencies to notify them of incidents. EmergenSee is now the most popular personal security app and is supported by Verizon Wireless.
Additional features of EmergenSee include stealth messaging after an incident is initiated, as well as a personal concierge service that allows users to schedule their return from potentially risky circumstances. An alarm will be triggered if the app is not deactivated.
EmergenSee is gaining popularity among college campuses and is also being used by realtors, large companies, individuals, and government organizations.
What Happened to EmergenSee at Shark Tank Pitch?
In Shark Tank season 5 episode 5, the Fraijos, known as Veggie Mama and Veggie Papa, presented their business and sought a $75,000 investment in exchange for a 15% stake in their company, which had a value of $500,000. They distributed samples of their vegetable-based frozen pops, which cost $1.10 per packet and had a wholesale price of $2.25. They had made $30,000 in sales in the last few months.
Mark Cuban appreciated that Veggie Papa was more interested in growing the business than going to law school. Theresa Fraijo, one of the founders, revealed that they had invested a total of $140,000 in the business, with $30,000 coming from their own money and $110,000 from an investor friend.
Theresa worked full-time, while Robert was part-time and had a full-time job earning $67,000. Robert and Theresa were in charge of the machinery at the factory.
Mark expressed his dislike for the frozen food industry and walked out of the deal. Barbara Corcoran declined to invest as she thought the Fraijos had invested too much capital for the number of sales they had generated.
Kevin O’Leary made an offer of $75,000 in exchange for a 50-cent royalty per unit until he recouped his $150,000 investment, followed by a royalty of 0.25 cents in perpetuity. Robert made an initial offer of $75,000 for a 20% stake and another $75,000 after a year for a total of $150,000 for a 25% stake.
Lori Greiner countered $75,000 for a 20% stake, and Robert joined Lori with an offer of $150,000 for a 20% stake and a 20-cent royalty per unit.
The Fraijos rejected Robert’s initial offer, and he was later joined by Lori with their joint offer of $75,000 for a 20% stake with no royalties. However, Barbara Corcoran offered to eliminate the other Sharks and invest $75,000 for a 20% stake with no royalties, and Mark Cuban joined in to seal the deal.
Barbara fulfilled her promise to guide the business, and with the combined effort of Barbara and Mark, Veggie Mama grew to become a success. Their frozen pops were sold in more Whole Foods and Sprouts locations, as well as online.
Despite the competition among the Sharks, the partnership between Corcoran and Cuban proved to be the most fruitful for Veggie Mama. Unfortunately, the company closed down in December 2018, and Theresa Fraijo is currently the State of Colorado’s accounts payables manager.
Emergensee failed to fulfill its potential after failing to secure a deal, and unfortunately, one of its co-founders, Phil Reitnour, was found dead in the Schuylkill River in Philadelphia. He had sustained a single gunshot wound to the forehead, and it was later revealed that he was in debt amounting to $3 million.
Competitors of EmergenSee
The Emergensee competes with the following companies in the market space; Everbridge Emergency, OnSolve Emergency, xMatters Emergency, BlackBerry AtHoc, and Alertus Technologies Emergency.
Net Worth of EmergenSee
The company was valued at $2.5 million during the pitch since then the company closes its door and therefore the company’s net worth is unavailable.
EmergenSee Shark Tank Updates
EmergenSee was a personal security app that allowed users to alert a pre-selected group of people at the touch of a button and put smartphones in “stealth” mode.
The co-founders, Phil Reitnour and Jason D. Friedberg pitched the app on episode 604 of Shark Tank, seeking $250,000 for 10% of the business, but the Sharks did not invest. Unfortunately, EmergenSee failed to live up to its potential and went out of business.
Co-founder Phil Reitnour was found dead in the Schuylkill River in Philadelphia in October 2017, the victim of a single gunshot wound to the forehead. The company had fallen into millions of dollars in debt and faced financial difficulties.
The current net worth of EmergenSee is unavailable as of 2023. Maureen Mitchell, who loaned Reitnour more than $6.1 million, is suing his four kids to recoup her cash.
Despite the company’s failure, EmergenSee gained popularity among college campuses and was also used by realtors, large companies, individuals, and government organizations.
EmergenSee Shark Tank 2023
| TOPIC | INFORMATION |
| Company Name | EmergenSee |
| App Description | Allows users to share location, live stream & send emergency alerts |
| Price | Free app; $8.99/month for professional monitoring |
| Competitors | Everbridge Emergency, OnSolve Emergency, xMatters Emergency, BlackBerry AtHoc, and Alertus Technologies Emergency |
| Shark Tank Pitch | Valued at $2.5 million, failed to secure a deal |
| Company Status | Closed down, current net worth is unavailable |
| Founder | Phil Reitnour |
| Tragic News | Phil Reitnour passed away and was found in the river with a gunshot wound |
| Shark Tank Updates | N/A |
What Happened To EmergenSee After Shark Tank?
EmergenSee, a personal security app, appeared on Shark Tank in 2014. The app allowed users to alert a pre-selected group of people at the touch of a button and instantly put smartphones in “stealth” mode.
Although the app received hundreds of thousands of downloads after the show, the bump in business was short-lived. Within three years, EmergenSee was deep in debt and had declared bankruptcy. The company is no longer in business.
In a tragic turn of events, co-founder Phil Reitnour was found dead in the Schuylkill River in September 2017, with a gunshot wound to the head, an apparent suicide. Reitnour was $3 million in debt and was the target of a lawsuit, but it is unclear if the suit is connected to his death.
What Was EmergenSee’s Product?
EmergenSee was a personal security app that turned a smartphone or tablet into a personal security system. The app allowed users to share their GPS location during an emergency and live-stream video and audio to authorities, family, and friends.
EmergenSee was founded by Phil Reitnour and former policeman Jason Friedberg in 2012. The app had a free version that enabled users to stream live video and GPS data to designated friends and family, who could follow the events in real-time while alerting the proper authorities.
EmergenSee appeared on Shark Tank in 2014, where Phil Reitnour presented the app to the Sharks. The company failed to secure an investment from the Sharks, but the app was downloaded by hundreds of thousands of users after the episode aired.
Did EmergeneSee Get The Deal?
EmergenSee appeared on Shark Tank Season 6 and asked for $250,000 for 10% equity but walked away without a deal. Mr. Reitnour failed to get a deal.
After the Shark Tank appearance, EmergenSee founder Phil Reitnour saw his mobile app get downloaded hundreds of thousands of times.
However, research for an EmergenSee update revealed that the company no longer exists and fell millions of dollars in debt. Therefore, it is unclear whether EmergenSee got a deal or not as they did not receive an investment from the Sharks and the company no longer exists.
Is EmergenSee Still In Business?
EmergenSee is no longer in business. The company fell into debt and ultimately shut down. In addition, one of the co-founders, Phil Reitnour, passed away in 2017.
Despite appearing on Shark Tank in 2014, EmergenSee was not able to secure a deal with the sharks. A lawsuit filed in 2018 claimed that Reitnour owed the plaintiff $6.1 million.
why did EmergenSee go out of business”
EmergenSee was a company that developed an app allowing users to live-stream video, audio, and GPS location during an emergency, went out of business after falling millions of dollars in debt and facing bankruptcy.
The company appeared on Shark Tank seeking $250,000 for 10% of the business, but none of the sharks were willing to invest due to the high level of risk and lack of faith in the business plan.
EmergenSee gained a lot of customers on college campuses and partnered with city law enforcement departments, but the bump in business was short-lived.
In a tragic turn of events, co-founder Phil Reitnour was found dead in the Schuylkill River in Philadelphia in October 2017, the victim of a single gunshot wound to the forehead. Reitnour allegedly took his own life after falling deep in debt and declaring bankruptcy.
A lawsuit filed in 2018 claimed that Reitnour owed $6.1 million to a woman who had loaned him money to start EmergenSee. The appearance on Shark Tank was a game changer for EmergenSee, but the company was unable to sustain its growth and ultimately went out of business.
What Happened To The Founder Of EmergenSee?
Philip Reitnour, the founder of EmergenSee, was found dead in the Schuylkill River in University City, Pennsylvania in September 2017.
His body had a gunshot wound to the head, and his death was ruled a suicide. Reitnour appeared on the TV show “Shark Tank” in October 2014 to pitch his personal security system app, EmergenSee. He left the show without a deal.
After his appearance on “Shark Tank,” EmergenSee was downloaded hundreds of thousands of times, but the bump in business was short-lived. Within three years, Reitnour was deep in debt and had declared bankruptcy.
What Happened To EmergenSee After Appearing On Shark Tank?
EmergenSee, a personal security app, was featured on the TV show Shark Tank in 2014.
The founders, Phil Reitnour and Jason Friedberg pitched the app and asked for $250,000 for 10% equity, but they did not receive a deal from any of the Sharks. Unfortunately, EmergenSee went out of business and incurred millions of dollars in debt.
In a tragic turn of events, Phil Reitnour was found dead in a Pennsylvania river in 2017. He was reported $3 million in debt and the target of a lawsuit, but it is unclear if the suit is connected to his death.
Who Are The Co-Founders Of EmergenSee?
Phil Reitnour is the founder and CEO of EmergenSee, an app that turns mobile devices into personal emergency systems. He appeared on ABC’s “Shark Tank” seeking funding from one of the celebrity investors on the show.
EmergenSee is available for free download and offers 24/7 professional monitoring as an in-app purchase for individuals and families. With just a tap, selected contacts can immediately see, hear, and follow an incident as it unfolds, allowing responders to react to the situation effectively.
While there is no mention of a co-founder named Holly George in relation to EmergenSee, there is Holly George who is the co-founder and COO of Emergency Nexus, a media company that uses strategic marketing and premium content.
What is EmergenSee?
EmergenSee is a live-stream and sharing app that allows users to share their location with friends, family members, and first responders. If you are ever in need of help, EmergenSee can send out a call to 911 emergency services.
The EmergenSee app also saves medical information for first responders into an emergency medical kit, providing an essential source of personal information that can save lives during times of crisis.
Who is the founder?
Phil Reitnour was the founder of Emergensee.
How much was asking on Shark Tank?
Phil and Jason request $250,000 for 10% equity in their company.
How much was EmergenSee valued?
Emergensee was valued at $2.5 million during their pitch. The company is now out of business, therefore its value is unavailable.
How much is EmergenSee?
The app is free, but they must pay $8.99 per month to be linked to the 24/7 professional monitoring station.
Can I still download the app?
Users can download the app from iTunes and Google Play Store.
What type of reviews has EmergenSee received so far?
The Emergensee has been rated 4 out of 5 stars on both iTunes and Google Play Store.
Is EmergenSee works?
Yes, it is.
What are the benefits of using EmergenSee?
EmergenSee offers the following benefits: The app enables users to send out a call for help in real-time and share their location with friends, family and 911 responders.
The Emergensee also lets users save a medical profile for first responders in order to save lives during times of crisis.
Is EmergenSee a scam?
No, it is not.
How safe is the app?
Emergensee has partnered with both Google and the University of Pennsylvania’s Telecommunications Program to ensure that all data is encrypted.
Are there any other benefits of using EmergenSee?
Emergency responders will also receive important information like user’s name, location, allergies and medical condition in case of an emergency.
How was the business model of EmergenSee?
The company offers a free trial and also charges $8.99 per month for their premium app with 24/7 professional monitoring.
How long is the trial period?
The trial period is for 30 days.
Was Emergensee profitable?
No, it wasn’t.
Where is the founder now?
Phil Reitnour was found shot to death in Philadelphia’s Schuylkill River.
What are EmergenSee user’s reviews on Google Play Store?
Some users said it does what it is promoted to do and it is very easy to use for everyone. One of the users said he has used other similar apps but he really like this app because of its design and ease of use.
Is any future plan for Emergensee to resume?
No, there is no plan.
How can I pay for EmergenSee?
Users can pay for the app using a credit card.
What is the availability of EmergenSee?
The app is available on both iTunes and Google Play Store.
Has there ever been any investigation by any government agency or law enforcement on EmergenSee?
No, there hasn’t been any investigation.
What is the net worth of Phil Reitnour?
The net worth of Phil Reitnour is unknown.
