Haven Lock Shark Tank Update | Haven Lock after the shark Tank Pitch
What is Haven Lock?
The Haven Lock is a more secure alternative to the traditional deadbolt lock. Haven Locks are easily fitted at the bottom of a door and are 10 times stronger than a standard lock.
The Haven Lock is available in two variants: the Haven Mech, which is a manual lock triggered by the press of one’s foot, and the Haven Lock Connect, which can be fastened over Bluetooth via the Haven Lock Mobile App.
Who is the Founder of Haven Lock?
Alex Bertelli and Clay Banks established Haven Lock.
After graduating from the University of Dayton, Bertelli honourably served the United States as a Special Operations Aviation officer.
Following his military duty, he received an MBA from UNC-Chapel Hill and a graduate degree in consulting from Penn State.
Bertelli is also the CEO of the economic development business The Arrowhead Group, in addition to being the CEO of Haven Lock.
Banks got a Bachelor of Science in Communications and Advertising from the University of Tennessee-Knoxville.
Prior to becoming the COO of Haven Lock, Banks launched Pure Life Industries, which created new methods for consumers to interact with them by using emerging technology trends, and he served as the regional director of the Tennessee Department of Economic and Community Development.
Bertelli is a decorated Special Operations helicopter pilot who has received the Distinguished Flying Cross, Bronze Star with Valor, Air Medal with Valor, and the Boeing Rescue Award.
He met Banks after leaving the military and created a concept he observed while stationed in Afghanistan.
He witnessed individuals installing steel bars at the top, middle, and bottom of their doors to secure their homes.
This is more secure than a single lock in the centred of the door. As a result, he created the Haven Lock, a wedge that locks a door from the inside.
The Haven is made of military grade steel, nylon, and polycarbonate and sits at the bottom of your door.
When a key fob or the Haven app is used to open the door, a wedge rises and secures it.
For expected guests, you may even unlock it remotely.
Bertelli manufactures Haven Locks in Tennessee and employs a large number of veterans. They attempted to crowdfund the project in 2014, but were unsuccessful.
Bertelli has since grown the firm with the assistance of Banks, a business and economic development expert.
What happen to Haven Lock at the Shark Tank Pitch?
As they relate their narrative, Alex prepared to demonstrate how “simple” it is to break down a door with a standard lock.
He must have dropped kicked the door a dozen times or more, but it didn’t budge.
He persisted despite the Sharks’ laughing. The show’s producers apparently installed an extra-strong lock in the demonstration door.
The pitch continued when he eventually dropped-kicked the door open.
The guys just completed an order for 100 schools in Melbourne, Arkansas, as a lockdown security precaution.
It sounded like a decent idea to Mark.
With $250,000 in sales, the company is doing well, but the Sharks aren’t happy with the margins.
The mechanical model costs $67 to make and $182 to sell. Bluetooth models start at $82 and go up to $349.
“I believe what you’ve done is fantastic, but the economic problems (are) terrible,” Cuban added. “Your profit margins are insufficient to fund what you need to achieve.”
Sharks Kevin O’Leary and Barbara Corcoran both concurred.
Lori Greiner stated that she didn’t know enough about the goods to make a purchase.
“You’re not going to like what I have to say, since my taking more of the company than you own is not in your best interest,” John said, despite his interest in the lock’s potential.
As the last shark to deny an investment, he stated, “I need you to be a bit selfish for yourselves.” The Sharks are without a deal as a result of the pair’s departure.
Haven Lock after the shark Tank Pitch
Despite departing without an agreement, Haven has teamed with Terminix, a pest control firm, to provide the locks to their clients.
The agreement will initially include eleven cities but will ultimately cover the whole country.
The start-up participated on the Shark Tank Greatest of All Time Special in February 2020.
They were one of two pitches in the category of “Greatest Pitch Fails.” Mark described it as the funniest pitch he’d ever seen on Shark Tank.
The firm is still in operation as of June 2021, with an annual revenue of $4 million.
Haven Lock Net Worth
Clay and Alex appear on Shark Tank in search of $500,000 for a 6% stake in their firm. This equates to an $8.3 million value.
Haven Lock Competitors
NAPCO Security Technologies, Startseite-eQ-3, Codigo Blanco, and ProCoat Specialities are among HAVEN Lock’s main rivals.
Haven Lock FAQS
What is Haven Lock?
Haven is a lock for their door that can be activated electronically.
The Haven Lock’s primary aim is to deter break-ins, especially in areas where crime rates are high and police resources are limited.
How much was they seeking in the Shark Tank?
Alex and Clay seek $500,000 for a 6% stake in the company.
Did they get the deal from the Sharks?
No, the Sharks declined to make an offer.
Where is Haven Lock?
Haven Locks are designed and manufactured in Tennessee by US Special Operations Veterans.
How does Haven Lock work?
The Haven is made of military-grade steel, nylon and polycarbonate and protects doors from burglary by wedging them shut from the inside.
How do they reset their safe haven lock?
If customers are having trouble setting up their lock, they should erase it from their smart device, press and hold the Haven Lock’s Pair button for 10 seconds, and then resume the setup procedure.
How does the Haven door lock work?
Haven Lock’s goal is to physically fortify their doors against burglars while also allowing for convenient, smart, keyless entry.
When the Haven Lock is fitted at the base of an inside-swinging door, a military-grade wedge rises up to prevent the door from opening.
How do they charge their haven lock?
Their lock, which will be installed at the bottom of their door. Connect the charging cord (USB end) to the provided power adapter.
Plug the charging wire into the Charging Port after opening the Haven Control Panel lid (C) (D). Allow 6-8 hours for Haven to fully charge before using.
Who owns Haven Lock?
Clay Banks and Alex Bertelli
Will Haven work on their door that opens outwards?
No, Haven only works on inward-opening doors (inswing doors).
Will Haven work on their double doors?
Haven will begin work on its double doors by positioning the unit in the centre of the aperture. This will assure the security of both doors.
Will Haven fit their door?
Haven is compatible with the majority of inswing doors. When unlocked, Haven stands.8 inches (21mm) tall.
In order to accommodate Haven, the space between their floor and the bottom of their door should be more than.8 inches (21mm).
What if their door has a gap greater than 1.5 inches?
Haven will rise to 1.5″ height from the floor when secured & secure. Their Haven comes with a single riser that also serves as a template.
If they require extra risers, please visit their website and get them.
What type of door do they need to maximize Haven?
They recommend utilizing Haven with steel, aluminium, or wood doors with sturdy interiors. Any door with a hollow core or a foam inside will perform less well.
What will Haven connect integrate with?
Haven connect bluetooth – If they own/purchase their Haven Hub, they will be able to operate their Haven Connect remotely as well as connect to Amazon’s Alexa.
They may utilize the Hub to control access from anywhere they have an internet connection, using the Haven Lock smartphone app or the myhavenlock.com online site.
Receive notifications when people lock/unlock their Haven Connect, and check the Lock Status from anywhere.
What mobile devices will be compatible with Haven connect?
Haven Connect Bluetooth – The Haven key fob and gateway hub are Bluetooth compatible with the Haven Lock mobile app for Apple and Android phones.
Is Haven resistant to water?
Haven was built to withstand the weather.
Despite the fact that the interior electrical components are securely enclosed in waterproof chambers, the Haven should never be immersed in water.
The unit’s exterior components are resistant to moisture from rain and snow, and they have specific conformal coatings to withstand rust, wear, and tear.
How powerful is Haven mech?
All Haven Lock products are 10 times stronger than a standard deadbolt.
What Is Haven made out of?
Haven is constructed from a mix of components that provide the necessary strength and absorbency to safeguard their house, including a 30″ steel baseplate paired with injection molded DelrinTM and industrial grade nylon covered by rubber and plastic gaskets.
What is the net worth of Alex Bertelli?
Alex Bertelli’s net worth is unavailable.
What is the net worth of Clay Banks?
Clay Banks’s net worth is unavailable.