Have you ever wondered if a piece of furniture can keep you safe in a tornado or hurricane? Levi Wilson and Tim Todd gave an answer on Shark Tank. They introduced Life Lift Systems—a storm shelter bed combo. This bed can stand up to the worst storms.
The product offers top-notch safety and also serves as furniture. It caught the sharks’ eye with its smart design and practical use. Life Lift Systems can handle tornadoes and hurricanes up to category 5. It’s FEMA approved and got a thumbs-up from Texas Tech National Wind Institute.
Key Takeaways
- Life Lift Systems appeared on an episode of Shark Tank, showcasing their storm shelter bed combo.
- The product is FEMA approved and certified by Texas Tech National Wind Institute.
- It can withstand tornadoes and hurricanes up to category 5.
- This innovative solution doubles as furniture, integrating seamlessly into homes.
- The Shark Tank episode led to an in-depth discussion about the product’s market potential.
About Life Lift Systems
Life Lift Systems leads in innovation with its key product: a bed that also serves as a storm shelter. This Life Lift product fits naturally into homes without taking extra space. It’s vital for homes in areas often hit by storms. Based in Oklahoma, in the center of tornado alley, Life Lift Systems offers unmatched safety solutions for homes without built-in shelters.
Product Overview
The Life Lift product overview highlights a bed that turns into a storm shelter. It can handle bullets and category five hurricane winds. Space-saving and safe, it gives you peace of mind without using more room. Life Lift Systems also offers customizable options like gun racks and lighting to meet your needs.
Features and Benefits
The Life Lift Systems benefits are many. Their shelter-bed combo is FEMA approved and certified by the Texas Tech National Wind Institute. It’s built to be bulletproof, has integrated lighting, and offers optional gun racks. This meets a wide range of safety and durability standards.
Company Background
In Oklahoma, the Life Lift Systems company background ties closely to the need for strong storm safety options. Founders Levi Wilson and Tim Todd used their knowledge of storm risks to start Life Lift Systems. They aim to provide innovative safety products. Their location helps them fill a crucial need in storm preparation, offering solutions for different home needs.
The Shark Tank Pitch
Levi Wilson and Tim Todd, the brains behind Life Lift Systems, took their storm shelter bed to Shark Tank. They wanted $550,000 for 15% of their company. Their pitch blended safety with function, keeping the sharks interested.
Presentation Highlights
In their Life Lift Shark Tank pitch, Wilson and Todd showed how their beds can withstand category 5 hurricanes and tornadoes. The beds doubled as furniture and shelters, which caught the sharks’ attention right away.
Shark Reactions
Some sharks worried about the bed’s high price at first. Yet, its unique features won over Mark Cuban and Lori Greiner. They both saw the product’s value in areas often hit by storms.
Final Deal
Wilson and Todd showed their negotiation power, finally agreeing to a deal with Mark Cuban. They closed at $550,000 for 25% equity. Cuban noted the importance of being careful with royalty deals, highlighting his thoroughness.
| Aspect | Details |
|---|---|
| Initial Ask | $550,000 for 15% equity |
| Offers Received | Identical offers from Mark Cuban and Lori Greiner |
| Final Deal | $550,000 for 25% equity with Mark Cuban |
Life Lift Update Post-Shark Tank
After sealing a deal with Mark Cuban, Life Lift Systems became Vortex Vaults. This new name helped the company grow quickly. It marked an important phase in their journey after Shark Tank.
Expanding their reach was a key move for Vortex Vaults. They did this by improving how they deliver products and introducing new ones. Having Aaron Tuttle as their spokesperson also raised their profile.
Vortex Vaults smartly navigated the market to up their sales initially. Despite a good start, updates till October 2023 show a downturn. The company stopped its operations, disappearing from the internet and social media.
The table below shows Vortex Vaults’ journey after Shark Tank:
| Phase | Action | Outcome |
|---|---|---|
| Rebranding | From Life Lift Systems to Vortex Vaults | Enhanced brand identity |
| Distribution Expansion | Wider distribution channels | Increased market reach |
| Product Line Introduction | New product offerings | Diversified portfolio |
| Spokesperson Engagement | Aaron Tuttle | Boost in credibility and visibility |
| Ceasing Operations | Online and social media presence vanished | Discontinued business activities |
This Life Lift update recaps the company’s evolution and its eventual shutdown. Despite early signs of success, Vortex Vaults faced major setbacks, leading to its closure.
Life Lift Vortex Bed: A Closer Look
The Life Lift Vortex Bed changes how we think about safety and comfort. It combines everyday furniture with a strong storm shelter. This design offers top protection and fits into your home’s style. The Vortex Bed is bulletproof and can handle category five hurricane winds. It keeps you safe during bad weather.
Design and Construction
The Life Lift Vortex Bed is made to blend with your home’s look. It uses strong materials and careful making. Its bulletproof frame can survive big storms. This makes it key for homes in areas often hit by tornadoes.
Customization Options
The Life Lift Vortex Bed lets you pick extra features to suit your needs. You can add gun racks, USB chargers, and extra lights. These options show the brand’s goal to offer protection that fits your life.
Pricing
The Life Lift Vortex Bed was first priced between $4,000 to $6,000. This price is good for its two uses: furniture and storm shelter. Customizing the bed costs more but lets you make it just right for your home.