LifeCaps Shark Tank Net Worth 2023

The company was valued at $666,667 during and after the pitch; however, due to going out of business in August 2021, its net worth is now unavailable.

While still in operation, the company showed promise to become a successful venture with strong investment from numerous sources.

Unfortunately, this potential could not be realized as the business failed and it is no longer able to provide insight into its financial performance or ultimate value.

What is LifeCaps Survival Pill?

LifeCaps is a food alternative and survival pill supplement that you carry with you and uses during situations when food may not be accessible for an extended length of time.

Daryl Stevenett is the owner of the firm, founded in 2008, and is the creator of LifeCaps. Daryl has always had a musical background, having played guitar since he was 12 years old, and describes himself as an entrepreneur on LinkedIn.

An otherwise healthy user may survive for up to two weeks on chewable tablets and water alone, making it perfect for both civilian and military usage. It is also advertised as a nutritional and weight-reduction supplement that aids in the onset of alertness.

Who is the founder of LifeCaps Survival Pill?

In 2008, Daryl Stevenett established a company. He has a musical background and has been playing the guitar since he was 12. On LinkedIn, he refers to himself as an entrepreneur.

The idea for Life Caps came to Daryl after he watched a survival TV program about Utah miners who were trapped underground without food for days. Rescuers had to dig through rocks to bring them sustenance while they await extraction.

With the goal of creating pocket-sized nourishment, Daryl sought the advice of a friend, Russ Bianchi, who worked as a product formulator for a nutrition bar company.

LifeCaps tablets are made entirely of natural components and do not contain any stimulants. The formula helps your body maintain itself by drawing nutrients from stored fat.

They are not diet pills, but rather survival pills designed for use in emergency situations. They are appropriate for people of all ages. Drinking enough water is crucial in any survival situation, including when using LifeCaps.

On the company’s website, Daryl has shared several “life-saving” testimonials that demonstrate the product’s practical usefulness.

He is confident that his invention will eventually become a staple in every bag, glove compartment, and household, ensuring that people are never caught in life-threatening circumstances due to disasters that disrupt food sources.

What Happened to LifeCaps Survival Pill at Shark Tank Pitch?

Entrepreneur Daryl Stevenett appeared on Shark Tank’s 15th episode of Season 5 to pitch his meal substitute tablet, LifeCaps, and seek assistance from the Sharks for mass distribution. He asked for $200,000 for a 30% stake in his company, which was valued at $666,667.

During the pitch, Daryl revealed that he had been surviving on LifeCaps for more than a week and hadn’t eaten in eight days. He explained that his background was in music, but he collaborated with a friend in the energy bar industry to develop his idea for a “survival pill” into what is now LifeCaps.

Daryl provided the Sharks with product samples, but Mark Cuban refused to try them. He is notoriously opposed to “wonder” drugs, particularly those related to nutrition.

Daryl clarified that he was not marketing LifeCaps as a diet supplement but as a survival tool. He claimed to have made $400,000 in sales over the last five years.

Lori Greiner questioned Daryl’s accountability, criticizing him for not conducting clinical trials despite his high sales. She opted out of the deal, and Robert Herjavec agreed, calling the product “irresponsible” despite its marketing theme.

Daryl claimed that he was losing a pound per day while using LifeCaps and argued that “people want shortcuts.” However, Daymond John also opted out, stating that he would only be interested if there were clinical trials to ensure safety.

Kevin O’Leary saw no profit potential in the product, stating that it was meant to be a “survival” pill that would sit on a shelf until the need arose. He also opted out of the deal.

In the end, all of the Sharks opted out of the deal, and Daryl left the pitch without securing any investment from the Sharks.

What Happened to LifeCaps Survival Pill after Shark Tank?

Daryl expressed his gratitude towards the Sharks, despite being turned down by them, and considered it an honor to meet them. However, he was able to continue selling his LifeCaps through Amazon and other online merchants, despite not reaching an agreement with the Sharks.

The reviews for the product on Amazon were mixed, with some outdoor enthusiasts finding the tablets useful, while others claimed they did not suppress appetite and were not effective as a diet strategy.

As of August 20, 2021, Life Caps is no longer in business in the United States, with the website being non-functional. Daryl faced challenges in obtaining significant funding from investors, partly due to the lack of substantial testing, leading to the discontinuation of manufacturing the tablets.

The name rights of Life Caps seem to have been acquired by REJ Diamond Pharmaceutical, a subsidiary of the Philippine corporation Diamond Laboratories. The product is no longer available on Amazon, and the website is not operational anymore.

Net Worth of LifeCaps Survival Pill

The valuation of the company was $666,667 during and after the pitch. As of August 2021, the company went out of business and hence the company’s net worth is unavailable.

LifeCaps Shark Tank Updates

LifeCaps is a food substitute pill that contains all the vitamins and minerals necessary for the body to survive in a tiny capsule. Entrepreneur Daryl Stevenett introduced LifeCaps in Shark Tank episode 518 on January 24, 2014, seeking $200,000 for 30% of the company.

Although all the Sharks were out, Daryl continued selling his LifeCaps through Amazon and other online merchants.

According to biznewske.com, LifeCaps was valued at $666,667 during and after the pitch. However, the company went out of business in August 2021, and its net worth is now unavailable.

Before going out of business, the company showed promise to become a successful venture with strong investment from numerous sources.

LifeCaps is perfect for any emergency situation such as earthquakes, tsunamis, and other natural disasters as well as excellent for hikers, hunters, joggers, and more. The pill has a five-year shelf life.

In conclusion, LifeCaps did not receive a deal from the Sharks on Shark Tank, but the company continued to sell its product through online merchants until it went out of business in August 2021.

LifeCaps Shark Tank Table Summary:

TOPIC	INFORMATION
Company name	LifeCaps Survival Pill
Founder	Daryl Stevenett
Product	Food alternative and survival pill supplement
Net worth	Unavailable, due to going out of business in August 2021
Valuation	$666,667 during and after Shark Tank pitch
Shark Tank pitch	Asked for $200,000 for a 30% stake in the company, but no Sharks invested
Sales	Claimed $400,000 in sales over the last five years
Reviews	Mixed reviews on Amazon, with some finding the tablets useful
Discontinuation	Manufacturing of the tablets was discontinued in August 2021
Ownership	Name rights seem to have been acquired by REJ Diamond Pharmaceutical

LifeCaps Survival Pill FAQs

What Is Lifecaps Survival Pill, Founder, And How Does It Work?

LifeCaps is a dietary supplement that claims to be the world’s first survival pill. It was founded by Russ Bianchi and pitched on Shark Tank by his partner, musician Daryl Stevenett, in 2014.

LifeCaps is promoted as an all-natural supplement that relieves hunger and contains all the essential vitamins and minerals needed to sustain human life.

The founder tested it on himself and survived just on LifeCaps and water for two weeks. LifeCaps satisfies hunger and provides nutrition, and Daryl insists that right now, he is mentally alert.

LifeCaps can be taken in case of an emergency when food is not available. It is safe to use for children and adults of all age groups and does not contain any chemicals. LifeCaps is marketed as a dietary/weight loss supplement as well as a survival pill.

However, none of the claims on the website have been evaluated by the Food and Drug Administration. LifeCaps is no longer available on Amazon, but bottles are being sold by 10Star on BuyLifeCaps.

A bottle of 30 caplets costs $29.99. As of 2023, LifeCaps is no longer available for purchase anywhere on the internet.

How Much Was Lifecaps Survival Pill Asking On Shark Tank?

Daryl Stevenet, the entrepreneur behind LifeCaps Survival Pill, appeared on Shark Tank seeking a $200,000 investment in exchange for 30% of his company.

However, he did not land a deal with the Sharks. It is not clear from the search results how much he was asking for the LifeCaps Survival Pill specifically.

The LifeCaps Survival Pill claims to be the world’s first survival pill that can sustain life for up to two weeks on super multi-vitamins. It is pitched as a replacement for food in survival situations, with the bonus of being an effective weight loss pill.

The pill has a shelf life of five years and has gone up to 17 days. It is not a diet pill, but it can help with weight loss.

Although the LifeCaps Survival Pill did not secure an investment in Shark Tank, it generated sales of $440,000 in five years. However, an update on allsharktankproducts.com states that LifeCaps is no longer in business.

Did Lifecaps Survival Pill Have The Deal?

LifeCaps is a dietary supplement that claims to be the world’s first survival pill, designed to sustain life for up to two weeks. The pill contains essential vitamins and nutrients that can relieve hunger and provide nutrition.

LifeCaps was pitched on Shark Tank in 2014 by musician and entrepreneur Daryl Stevenett. Mark Cuban was the first to bow out, claiming that Daryl was selling a diet medication without labeling it as such and referring to the product as “snake oil”.

Lori asked if LifeCaps was FDA-approved, to which Daryl said that LifeCaps were actually dietary supplements and were 100% compliant.

LifeCaps was being sold on Amazon, but the products are no longer available as the business is out of business. As of 2023, LifeCaps is no longer available for purchase anywhere on the internet.

Is Lifecaps Survival Pill Still In Business?

No, LifeCaps Survival Pill is no longer in business. Its website is down, and its social media platforms are inactive. As of August 2022, Amazon had also removed LifeCaps from its product listing.

The product failed to receive FDA approval despite making $400,000 in sales over the last five years. Mark Cuban, one of the investors on Shark Tank, referred to the product as “snake oil” and questioned why it had not acquired FDA approval.

The lack of FDA approval and the failure to secure investment in Shark Tank were setbacks for the company, and it was unable to raise the needed capital for clinical trials. Therefore, LifeCaps pills are no longer available for purchase.

What is the LifeCaps Survival Pill’s website?

LifeCaps website is unavailable.

How can I get LifeCaps Survival Pill?

LifeCaps is no longer on Amazon, so one cannot buy them anymore.

What is the company’s mission?

LifeCaps aims to provide a means for self-sustenance in times of difficulty.

How does LifeCaps Survival Pill work?

LifeCaps work by pulling nutrients from the body’s stored fat. The body will therefore use up its stored fat for energy, rather than the body’s own muscle tissue; the protein in muscles is what triggers the feeling of hunger.

The body will also absorb water from LifeCaps, enhancing hydration and aiding in digestion.

Was LifeCaps Survival Pill legit?

Yes, LifeCaps Survival Pill was legit.

Was LifeCaps Survival Pill having any side effect?

LifeCaps does not have any side effect.

What are LifeCaps Survival Pill ingredients?

LifeCaps Survival Pill contains: powdered protein, powdered carbohydrates, vitamins and minerals, flavorings and water.

Was LifeCaps Survival Pill safe for human consumption?

Yes, LifeCaps Survival Pill is safe for human consumption.

Have you heard about any Crowdfunding for LifeCaps Survival Pill?

No, there isn’t any Crowdfunding project for LifeCaps Survival Pill.

Who is Daryl Stevenett?

Daryl Stevenett is an entrepreneur who serves as the founder of LifeCaps Survival Pill.

What is the net worth of Daryl Stevenett?

Daryl Stevenett net worth is estimated at $700,000.