What Happened to EmergenSee After Shark Tank?
What is EmergenSee?
EmergenSee is a live streaming and sharing program that allows users to broadcast their location with friends, family, and emergency personnel. If you ever need assistance, EmergenSee can contact 911 emergency services.
The EmergenSee app also saves medical information for first responders into an emergency medical kit, offering an invaluable source of personal information that can save lives in times of disaster.
Emergensee was created by Phil Reitnour. Users may notify a pre-selected group of people with the click of a button.
In addition, the application quickly turns smart phones into “stealth” mode, preventing them from drawing attention in potentially dangerous situations.
When turned on, your phone’s live streaming audio and video are broadcast to your contacts, and a GPS locator alerts them to your whereabouts. All live audio and video are kept on remote servers and can be retrieved later for legal requirements.
Who is the founder of EmergenSee?
Emergensee was founded by Phil Reitnour. Users may notify a pre-selected group of people with the click of a button.
The app is free, but they must pay $8.99 per month to be connected to the professional monitoring station that operates 24 hours a day, seven days a week.
If this option is selected, professional monitors will immediately alert first responders of their location and what is going on. Users can also preserve medical information for first responders in the event that they arrive intoxicated.
EmergenSee collaborates with a number of college campuses and campus police departments, which are alerted as soon as an incident happens. It is now the most popular personal security app, and Verizon Wireless supports it.
Additional features include stealth messaging following an event and a personal concierge service that allows them to arrange their return from a potentially dangerous situation, such as going for a nocturnal run alone.
If they do not disable EmergenSee, an alert is triggered. EmergenSee is gaining popularity on college campuses and is partnering with local law enforcement organizations. Other users include realtors, large corporations, people, and government agencies.
What Happened to EmergenSee’s Shark Tank pitch?
Reitnour and Jason choose to pitch the product to the Shark Tank investors for financial aid in developing sales and marketing in episode 6 of Season 6 of Emergensee on Shark Tank.
Phil and Jason entered the Shark Tank seeking $250,000 for a 10% stake in their firm, which worth $2.5 million.
They detail the service as well as how they established their own call center. They then show a video of the app in use. The questions are then asked. Mark Cuban likens their call center to a security firm.
Barbara Corcoran wonders why people don’t just dial 911, and Jason explains that their app provides more information due to their technology and antiquated 911 ways.
The app currently has 211,000 users, despite the fact that they had just recently introduced the premium version when they shot.
The enterprise version, which they provide to institutions, costs $25,000 a year, despite the fact that their total sales are just about $185,000 thus far.
Phil put up $3 million of his own money, outsourced app development, and paid more than $2.5 million to the developers.
Mark Cuban feels they do not understand the technology well enough, hence he went out.
Mark Cuban feels they do not understand the technology well enough, hence he went out. Barbara Corcoran has chosen to quit the firm because she believes it will fail.
Mr. Wonderful wishes them well, but he quit. Lori Greiner likes the product but feels it isn’t being used efficiently; she also exits.
Robert Herjavec says they started with too much money and tells a story of how he invested heavily in a failing firm.
Robert Herjavec feels that technological leaders are required, hence he went out too. They ultimately walked away from the pitch without a deal.
What Happened to EmergenSee after it was rejected by Shark Tank?
After leaving the pitch without a deal, Emergensee never lived up to its lofty expectations. In a tragic turn of events, co-founder Phil Reitnour was found dead in Philadelphia’s Schuylkill River, the victim of a single gunshot wound to the forehead. Mr. Reitnour was allegedly in $3 million in debt.
In the market, the Emergensee competes with Everbridge Emergency, OnSolve Emergency, xMatters Emergency, BlackBerry AtHoc, and Alertus Technologies Emergency.
EmergenSee’s Net Worth
During and after the pitch, the firm was valued at $2.5 million; however, the company has since closed its doors, making the company’s net worth is unavailable.
What was the mission of EmergenSee?
EmergenSee’s mission was to give users the ability to communicate with a select group of people when they are in need of help. The app also saves medical information for first responders into an emergency medical kit, offering an invaluable source of personal information that can save lives in times of disaster.
Was EmergenSee free to download?
Prior to the Shark Tank appearance, Emergensee was free to download on Apple’s App Store and the Android Marketplace. The app is now available for purchase on both platforms for $8.99 a month, with an annual subscription payment of $40.99 a year.
What was the difference between the free version and premium version?
The free version of EmergenSee works as a panic button and while it is activated, users’ live streams can be seen by their loved ones.
When they are not in distress, the app operates like a GPS-activated check-in app. The premium version includes one-touch 911 alerts, live streaming audio and video, centralized command center viewing, text messaging, event messaging (including stealth messages), an emergency medical kit for first responders and more.
What was the business model of EmergenSee?
Emergensee generated revenues primarily through advertising revenue, but it also received revenue through allowing businesses to advertise on its apps (to which the firm received a commission). It also had a built-in revenue-sharing agreement with first responders.
How did EmergenSee develop its business model?
The firm implemented a revenue share agreement with the first responders who used it and partnered with various schools, police departments, and other government agencies. It also partnered with eHealthInsurance, which provided a certain number of insurers that would make their members eligible for discounts on premiums.
Where was EmergenSee based?
Emergensee was based out of Philadelphia and it also has offices in New Jersey.
How did EmergenSee work?
The app uses GPS technology to find out where a user is and then it connects them with their designated contacts. The app’s panic button not only calls the police, but it also makes a call to the user’s family and friends. Their loved ones can see where they are via the app’s live streaming video and audio, in addition to knowing whether or not they are safe.
Was EmergenSee work?
Emergensee had more than 200 contracts with Los Angeles, New York and Chicago police departments to provide them with the app’s technology. In addition, the firm also provided their service for the University of Michigan football team. The service was also used in Britain, India and Australia.
Was EmergenSee a scam?
The firm was not a scam, but it will be difficult to say whether or not the firm got the funding it requested. In an interview with the Philadelphia Business Journal, Phil Reitnour said that they had raised “a few million dollars” with their pitch. He also said that they were “working closely with Shark Tank producers.