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Explore What Happened To Haven Lock After Shark Tank | #sharktankus with 138,853 views, 3,504 likes, and 6 comments. Experience the impact of this video content that has captured audience attention.

In Shark Tank Season 10, Alex and Clay walked into the tank seeking $500,000 in exchange for 6% equity in their company, Haven Lock, the world's strongest smart lock, designed to prevent break-ins. They explained that break-ins happen every 18 seconds in the United States. Despite locked doors, most homes are still vulnerable because traditional deadbolts can be easily broken with a few kicks. To prove their point, Alex demonstrated how easily a standard deadbolt could be breached. They proudly mentioned that their product had just received a patent in the UK, with the U.S. patent pending. Unlike traditional deadbolts, Haven Lock uses a wedge system at the base of the door, making it much harder for intruders to kick in. The lock can be controlled manually with a foot pedal or electronically through a smartphone app. Although the sharks praised the idea, they had concerns about the financials- particularly the high manufacturing costs and scaling issues. Ultimately, none of the Sharks made an offer, but Alex and Clay left the tank determined to continue their mission. After Shark Tank, Haven Lock didn’t just survive - it thrived. They expanded their product line, adding a smart lock that integrates with devices like Alexa and Ring. They also introduced commercial-grade locks for schools and places of worship. In 2023, Haven Lock was valued at $8 million, and their products are now available at major retailers like Amazon, Lowe’s, and Home Depot. ---------------------------------------------------------------------- I must say that I have absolutely NO intention of violating the copyright holder's rights. All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement is intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please contact me via my email in the "about" page on my channel. All are covered by the Fair Use law. "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use." The video is accurate as of the posting date, however, it might not be accurate going forward and should not be taken as investment advice. Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs as well as personal insults. AFFILIATE DISCLOSURE: There may be a few links in this description that, at no cost to you, will earn me a commission if you choose to click them and make a purchase. I may receive a commission at no extra cost to you. I appreciate your support in allowing me to continue to create helpful content for you. Thank you! #sharktankus #kevinoleary #markcuban #daymondjohn #sharktank

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