Kitchen Safe (Time Lock Safe) Net Worth Shark Tank Update 2025

Junk food is consumed in excess by many individuals. Candy, cookies, and chips are irresistible. Many people acquire weight as a result of this issue. David Krippendorf and Ryan Tseng wanted to assist in resolving this issue. The Kitchen Safe is a product that they developed. A locking container is the Kitchen Safe. On the lid is a timer. It won’t open after locking until the timer reaches zero.

People can avoid unhealthy foods by doing this. Phones and other objects may also be locked away with it. Season 6 of Shark Tank featured Ryan and David. Their presentation was entertaining and imaginative. They requested $100,000 from the sharks. They gave them 5% of their business in exchange. The sharks paid close attention. Will the entrepreneur get a deal on Shark Tank? Check out the Kitchen Safe update to find out!

Kitchen Safe (Time Lock Safe) Net Worth Shark Tank Update 2025

David Krippendorf and Ryan Tseng went on Shark Tank asking for $100,000 for 5% of their company. This meant they thought their business was worth $2,000,000. They made a deal with Lori Greiner for $100,000 for 15%, lowering the valuation to $666,667. The episode was aired on November 14, 2014. The time-lock container company remains active and continues to sell online under the brand Ksafe. Using the default 10% yearly growth method, the current net worth of Kitchen Safe is estimated to be around $4–5 million in 2025.

Today, Kitchen Safe is still operating. Following the performance, the business rebranded itself as K-Safe. The product remains well-liked. People utilize it to help them stay away from temptation. Sales for K-Safe total millions of dollars annually. The business offers its goods over the Internet. They are available on the K-Safe website. Amazon sells these as well.

The transaction between Lori and Nick did not close after filming, despite the fact that it was made on the show. The founders made the decision to proceed without their assistance. They put a lot of effort into expanding the business independently. Over time, the product gained increasing popularity. The K-Safe is a popular tool for improving behaviors. The business is doing well as of 2024 and continues to grow.

Yes the business was given a Shark Tank contract. David and Ryan requested $100,000 in return for 5% of the company. Together, Lori Greiner and Nick Woodman made a $100,000 offer in exchange for 20% stock. This offer was accepted by David and Ryan. But following the show, the agreement was not complete. The business kept expanding in spite of this. The creators put a lot of effort into making their product profitable without the sharks’ assistance.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Guest Shark Nick Woodman	$200,000 for 30% equity	#1 $100,000 for 20% equity with the QVC requirement. #2 $200,000 for 20% equity	Yes to 1st offer
Lori Greiner	#1 $100,000 for 20% equity #2 $200,000 for 30% equity(with Nick)	#1 $100,000 for 20% equity with the QVC requirement. #2 $200,000 for 20% equity	Yes to 1st offer
Kevin O’Leary	Out	N/A	N/A
Daymond John	$100,000 for 20% equity	$200,000 for 20% equity	N/A
Mark Cuban	Out	N/A	N/A

Kitchen Safe (Time Lock Safe) Shark Tank pitch

Kitchen Safe was founded by Ryan Tseng and David Krippendorf. Their premise was straightforward yet effective. Their goal was to assist individuals in avoiding temptation. They were aware of how difficult it is to avoid snacking and other distractions. Their goal was to develop a tool that would facilitate it. They developed the Kitchen Safe as a result of this concept.

Their own experiences served as the product’s inspiration. They desired to eat better and concentrate more on their objectives. But maintaining focus was challenging. They came to the realisation that it would be simpler to maintain concentration if phones and munchies were out of reach. They were motivated by this to create a timer-equipped locking container.

It was a difficult journey. In the beginning, they had several difficulties. The product’s design was costly and time-consuming. They needed to find a way to make it function properly. They also had to figure out how to make it affordable. The initial prototypes were costly to produce. The cost of production was $14.50 per unit. Because of this, it was challenging to maintain low pricing for consumers.

However, Ryan and David persisted. They put a lot of effort into making the product better since they thought their idea was good.

Getting the word out about the product was another issue. They had to advertise it and attract clients. They made the decision to concentrate on internet sales. They were able to contact more individuals because of their choice. By the time they appeared on Shark Tank, they had already sold $330,000 worth of products. Their hard work paid off.

David and Ryan began their presentation by making jokes. They did a humorous infomercial skit. The sharks laughed at this. The skit demonstrated how the Kitchen Safe may assist individuals in reducing their excessive munching. It also demonstrated its potential for usage with other devices such as remote controls or phones. The lecture captivated the sharks and left a lasting impression.

Ryan and David gave an explanation of their business after the skit. They disclosed that the Kitchen Safe has been on the market for eleven months. They sold $330,000 throughout this period. Online consumers accounted for nearly all of their sales. They said that their product will soon be available for purchase on HSN.

The sharks enquired about the product’s manufacturing costs. David and Ryan clarified that the cost of producing each item was $14.50. The product was offered for $49. This production expense seemed excessive to the sharks. They recommended looking for methods to reduce the price.

David and Ryan requested $100,000 in return for 5% of the company. They thought the sharks could help them expand their business. The sharks paid close attention and shared their thoughts.

The Kitchen Safe was the subject of several queries from the sharks. They were curious about how it operated. They also sought to comprehend the product’s potential.

Mark Cuban enquired about the product’s patent status. David and Ryan clarified that they were awaiting a patent. This lessened the likelihood that their concept would be imitated.

Kevin O’Leary enquired as to whether the product was required. He assumed it was merely a timer on a plastic bottle. He suggested that alternatively, people may exercise self-control. David and Ryan couldn’t agree. They clarified that those who had trouble with willpower benefited from the product.

Daymond John was curious about their approach to sales. Online clients accounted for the majority of Ryan and David’s sales. They also talked about their planned agreement with HSN. Lori Greiner found the product satisfactory. It may do well on QVC, she remarked. She believed a broad spectrum of individuals would find it appealing.

Nick Woodman enquired about the product’s future ambitions. He wanted to know whether the product line could be expanded or if additional variants could be made. David and Ryan stated that they were receptive to fresh concepts.

The sharks argued over the worth of the item. Some said it was a wise move. Others said it was superfluous or excessively costly.

The first shark to speak was Kevin O’Leary. “I didn’t like the product,” he stated. He felt the price was too high. People shouldn’t require a container to regulate their behaviors. He made the decision to leave school.

Daymond John offered. He stated that he would provide $100,000 in exchange for 20% ownership. Additionally, he claimed to have ties to HSN. He may increase sales for David and Ryan.

Lori Greiner found the product satisfactory. It was straightforward yet helpful, she remarked. She made a $100,000 offer in exchange for 20% stock. Additionally, she stated that she preferred QVC to HSN for the product’s sale.

Nick Woodman accepted Lori’s invitation. They made a joint offer of $200,000 for 30% stock. But they also wanted the product to be sold on QVC.

David and Ryan considered the proposals. They made the decision to decline Lori and Nick’s offer. They want 20 percent equity in return for $200,000. This counteroffer was not accepted by Lori or Nick.

Lori and Nick made some changes to their offer after talking it over. They made a $100,000 offer for 20% stock. David and Ryan agreed to this arrangement.

What Went Wrong With Kitchen Safe  On Shark Tank?

The product did not appeal to all of the sharks. Kevin O’Leary believed it was a financial waste. He advocated for self-control as an alternative. He left because he didn’t think the product was good enough.

There was no offer from Mark Cuban. The product seemed too straightforward to him. It was not a wise investment in his opinion.

Daymond John’s offer was good. However, Ryan and David decided to accompany Lori and Nick instead. The concept of selling on QVC appealed to them.

The program did not close after filming, despite Lori and Nick having an agreement. This is unclear for what reasons. However, the business grew without their assistance.

Product Availability

K-Safe is the new name for the Kitchen Safe. The product is still for sale. It is available for purchase on the K-Safe website. It is also available on Amazon.

K-Safe is a straightforward product. It’s a timer-equipped locking container. You lock the lid and set the timer. Until the timer goes off, the lid won’t open. This helps individuals stay away from distractions and munchies.

There are many sizes available for the K-Safe. It may be used for phones, food, or anything else you wish to keep private. It is composed of sturdy materials. It functions nicely and is simple to use.

The K-Safe costs around $49. There are others who believe this to be costly. But a lot of clients claim it’s worthwhile. They appreciate how it enables them to form healthier routines. It gets a lot of good ratings. Consumers report that it helps them resist temptation and maintain focus.

Conclusion

The Kitchen Safe’s experience on Shark Tank was unforgettable. The sharks were pleased by the entrepreneurs’ presentation. They struck a bargain with Nick and Lori. After the show, however, the agreement was not finalized.

The business was successful even without the sharks’ assistance. It gained popularity after changing its name to K-Safe. The item is still accessible today. It assists people in developing healthier habits and avoiding distractions.

The K-Safe tale demonstrates the strength of patience and hard effort. The business keeps expanding. Others are encouraged to believe in their ideas by their success. Watch K-Safe for further updates in the future.