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✕ No deal Out of business Season 1, Ep. 2 🚗 Automotive

Lifebelt on Shark Tank

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Lifebelt is an automotive safety device that links a vehicle's ignition to its seat belts. The car will not start until the driver and passengers are buckled, which is meant to encourage seat belt use, particularly among teenage drivers.

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⏱ Lifebelt in 30 seconds

The ask$500K for 10%Valued at $5M
In the tankNo dealWalked out without a Shark
After the showWent it alone
TodayClosedLifebelt appears to have stopped operating, and its website has been …

Lifebelt Shark Tank deal

Asked for: $500,000 for 10%
Asking valuation: $5M
Result: No deal
Founders: Robert Alison
From: Las Vegas, NV
Aired: Aug 16, 2009

Would you have invested in Lifebelt?

The pitch

Robert Alison from Las Vegas, NV pitched Lifebelt in Shark Tank Season 1, Episode 2 (aired Aug 16, 2009). They asked for $500,000 in exchange for 10% equity, valuing the business at $5M. They left the Tank without a deal.

What happened to Lifebelt after Shark Tank?

Out of business

Lifebelt appears to be out of business (Lifebelt appears to have stopped operating, and its website has been down since about 2016.).

Sources (1)

slashgear.com/1799051/what-happened-lifebelt-shark-tank-season-1

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Reviews of Lifebelt

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Frequently asked questions

Did Lifebelt get a deal on Shark Tank?

No. Lifebelt did not get a deal on Shark Tank after asking for $500,000 for 10%.

Is Lifebelt still in business?

Lifebelt appears to be out of business (Lifebelt appears to have stopped operating, and its website has been down since about 2016.).

What season and episode was Lifebelt on Shark Tank?

Lifebelt appeared in Season 1, Episode 2, which first aired on August 16, 2009.

Where can I buy Lifebelt?

Search for Lifebelt on Amazon or major retailers; availability varies.

What was Lifebelt's valuation on Shark Tank?

The founders valued Lifebelt at $5,000,000 when they entered the Tank.