A security software called EmergenSee was developed to assist users in times of need. Users of the program might share their location and audio and video messages with police or pals. This program was created by Jason Friedberg and Phil Reitnour with the goal of making the world a safer place. Helping others who might feel afraid or in danger was their goal. Both tablets and smartphones may use the software.
Jason and Phil requested $250,000 on Shark Tank in exchange for a 10% stake in their business. They described the operation of the app. The sharks paid close attention. They were curious about the software and the company. The business had issues but the idea was good. Will the entrepreneur get a deal on Shark Tank? Check out EmergenSee update to find out!
EmergenSee Net Worth Shark Tank Update 2025
Phil Reitnour went on Shark Tank asking for $250,000 for 10% of his company. This meant he thought his business was worth $2,500,000. He did not make a deal with any Shark. The episode was aired on October 24, 2014. The personal safety mobile app later shut down and is no longer available. The current net worth of EmergenSee is $0 in 2025.
EmergenSee experienced a brief spell of popularity following the event. The app’s concept was well received by users. Users who wished to feel safer started to pay attention to it. More than two hundred thousand people downloaded the app. The firm suffered in spite of this early attention. More funding was required for EmergenSee to continue expanding.
Three million dollars of the founders’ personal funds had already been invested. Despite being a substantial investment, this was insufficient. The business was unable to produce a sufficient profit. Less than two hundred thousand dollars was made. The business faced bankruptcy as its obligations increased. The founders were going through a really difficult period.
Phil Reitnour found it difficult to deal with the money issues. For everybody who knew him, this was devastating news.EmergenSee has ceased operations. Today, the app is not accessible. The company’s tale serves as a warning that even with a brilliant idea success may be difficult.
On Shark Tank, EmergenSee was not given a deal to sign. Jason and Phil requested $250,000 in exchange for a ten percent stake in their company. Despite liking the concept, the sharks chose not to invest.
The dangers involved concerned the sharks. They had a lot of queries concerning the app and the company. Despite their best efforts, the founders were unable to persuade the sharks of the worth of their concept. One shark at a time, each one fell out.
The first person to go was Mark Cuban. The venture was too risky he argued. Barbara Corcoran left as well. She didn’t think the company had enough potential. Kevin O’Leary, Robert Herjavec, and Lori Greiner also made the decision not to invest.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Barbara Corcoran | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
EmergenSee Shark Tank pitch
EmergenSee was founded by Phil Reitnour and Jason Friedberg. They sought to address an actual issue. Mobile phones are the primary source of emergency calls in the US. Some of these callers struggle to provide emergency responders with geographic information. This delay may result in fatalities. Phil and Jason sought to resolve this issue.
They believed that cell phones were capable of more than merely making phone calls. They recognized a chance to benefit people by using technology. They were looking for an app that could transmit location information, audio, and video in real-time. This was the beginning of EmergenSee. The goal of the software was to provide userswith a sense of security wherever they were.
It was difficult to build the app. Phil and Jason had to overcome several obstacles. It takes time and effort to create a seamless app. To ensure that the app would function in an emergency, they had to test it. Finding customers who would trust the service and pay for it was another challenge. The project was funded by the creators themselves.
To turn their dream into a reality, they spent three million dollars. Despite the significant risk, they had faith in their purpose. They encountered several challenges in spite of their diligence. The company had trouble turning a profit. The financial strain became too much to bear.
Jason and Phil’s experience demonstrates how challenging it may be to transform a concept into a profitable company.
Phil and Jason arrived on Shark Tank full of optimism. They wanted the sharks to invest because they had faith in their app. They described the operation of EmergenSee. You might download the software for free. Additionally, there was a premium subscription available for $8.95 a month. There were additional features in the premium edition.
The founders played a video for the sharks. It gave an example of how to utilize the app in an emergency. They clarified that the app communicated location information, audio, and video to friends, family, or emergency services. They claimed that more than two hundred thousand people had downloaded the program.
Jason and Phil requested $250,000 in exchange for a ten percent stake in their company. They thought the software had a lot of promise. They said they required the funds in order to develop and enhance their offering.
The sharks paid close attention. They were interested in learning more about the company and the software. Questions concerning revenue users and future goals were addressed by the creators. Their attempts failed to persuade the sharks.
The sharks had a lot of questions concerning EmergenSee. They were interested in the app’s functionality and potential for commercial success.
“What are the risks?” Mark Cuban enquired. He was curious as to whether the software might rival existing security solutions. Phil and Jason claimed that their app was special. They thought it might be more helpful than existing instruments in emergency situations.
Revenue was a question Barbara Corcoran posed. She was curious to discover the company’s earnings. Phil and Jason reported that the company’s earnings were below $200,000. Barbara wasn’t impressed. For such a large investment she believed the revenue was insufficient.
Kevin O’Leary was interested in the competition. He inquired as to how the app will differentiate itself in a crowded market. Jason and Phil claimed that their software was inexpensive and easy to use. This they felt set it apart from the others.
Regarding the business idea Lori Greiner enquired. She was curious about the founders’ plans for expanding the business. Phil and Jason stated that further funding was required in order to enhance and grow the software. Lori doubted the scheme would succeed.
Robert Herjavec enquired about the history of the founders. He was curious if they had any business or technical experience. According to Jason and Phil, they had worked hard to develop and learn. According to Robert, they weren’t the ideal group for this type of work. The sharks’ questions showed they had concerns about the risks and challenges of the app.
The first shark to go was Mark Cuban. The venture was too hazardous, he argued. Although he found the concept appealing, he did not believe the danger was worth it.
Mark was echoed by Barbara Corcoran. She claimed that the business had not grown sufficiently. She also believed that the company had begun with an excessive amount of capital. Barbara made the decision not to make an investment.
Kevin O’Leary stated that the app was in a competitive market. He thought the competition was too great. He didn’t believe the business could be successful. Kevin left.
Although Lori Greiner found the idea appealing she did not believe in the business strategy. She claimed that the execution lacked sufficient force. Lori decided against investing.
The final shark to speak was Robert Herjavec.”The founders had started with too much money,” he remarked. Additionally, he thought they weren’t the best group for this company. Robert also left.
Jason and Phil exited the tank without an agreement after all the sharks had been eliminated.
What Went Wrong With EmergenSee On Shark Tank?
EmergenSee had a number of issues with Shark Tank. The hazards involved were the first issue. The sharks believed that investing in the company would be too risky. There was competition in the security app industry. The app hadn’t grown enough to be noticeable.
The company’s financial status was another issue. Only fewer than two hundred thousand dollars had been produced by the founders, despite their three million dollar investment. The sharks were alarmed by this. They believed the business was not moving forward quickly enough. Additionally, the sharks believed that the founders were not the best group for the task.
They felt that Phil and Jason lacked the expertise required to expand the business. The sharks decided not to invest because of these problems.
Product Availability
EmergenSee was a tablet and smartphone security app. Users were able to transmit emergency signals that included location information, voice, and video. You might download the software for free. Additionally,y users had the option to pay $8.95 per month for a premium subscription.
The purpose of the app was to assist those who were in danger. It might be used to get in touch with emergency services or friends and family. The application operated instantly. It was easy to use and intended to give individuals a sense of security. Despite its potential, the app is no longer available. The business shut down due to financial difficulties.
Conclusion
EmergenSee began with a brilliant concept. It was a potentially life-saving app. Jason and Phil put a lot of effort into making a useful product. The sharks on Shark Tank asked the founders difficult questions. Despite their best efforts, they were unable to persuade the sharks to invest in their software. The show caused problems for the business. Financial issues ultimately caused it to collapse.
EmergenSee’s story is both heartbreaking and inspirational. It illustrates the difficulties of launching a company. It also serves as a reminder of how crucial understanding and support are during trying times.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
