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If you are an active person who loves sports, fitness, or outdoor activities, you may have faced the dilemma of what to do with your jewelry when you need to take them off. You don’t want to lose them, damage them, or forget them, but you also don’t want to carry a bulky or unsafe container that can easily open or fall off. That’s why you need Lion Latch, a compact, portable, and secure jewelry storage device that can attach to your keychain, bag, backpack, or belt loop.
Lion Latch is the invention of Lerin Lockwood, a former art teacher and volleyball coach from Texas. She came up with the idea after she lost a diamond from her engagement ring while playing softball. She realized that there was no convenient and consistent place to store her jewelry while she was coaching or working out. She tried different solutions, but none of them were satisfactory. So she decided to create her own product using a 3D printer.
Lion Latch Net Worth
Lion Latch is a simple but smart design that consists of two plastic cylinders that fit together and lock with a carabiner ring. The ring prevents the lid from opening accidentally and also allows you to clip the device to any place you want. The device is small enough to fit in your palm, but big enough to store rings, earrings, necklaces, bracelets, hearing aids, pills, or any other small valuables. It comes in various colors and can be customized with logos or names.
Lion Latch was launched in 2015 with the help of a Kickstarter campaign that raised nearly $15,000. Since then, the product has been patented and sold online and in stores across the country. Lion Latch has also been featured on several media outlets, such as Good Morning America, Forbes, and Shark Tank.
Lion Latch on Shark Tank
Lion Latch appeared on Season 13 Episode 1 of Shark Tank in October 2021. Lockwood pitched her product to the sharks and asked for $150,000 for 15% equity in her company. She showed them how Lion Latch works and how it can protect jewelry from getting lost or damaged. She also shared her sales numbers and her challenges with manufacturing and quality control.
However, the sharks were not impressed by Lion Latch and did not see its potential as a scalable and investable business. Kevin O’Leary was the first to go out after he clashed with Lockwood over her joke about his hearing skills. Mark Cuban, Emma Greede, Lori Greiner, and Barbara Corcoran also went out for various reasons, such as not liking the product itself, not seeing a large market for it, or not believing that Lockwood needed a shark to solve her problems.
Lockwood left the tank without a deal, but she was optimistic about her future and said that she would go back home and get to work.
Lion Latch After Shark Tank
Despite not getting a deal on Shark Tank, Lion Latch has continued to grow and expand its customer base. According to its website, Lion Latch has sold over 100,000 units and has received positive feedback from customers who love its convenience and security. Lion Latch has also launched a new product called Travel Jewelry Case, which is a larger version of the original device that can store more jewelry and accessories.
Lion Latch is still available online at lionlatch.com and on Amazon, as well as in select retail stores across the country. The price of Lion Latch is $10.95 per unit, while the price of Travel Jewelry Case is $41.95 per unit. Customers can also order custom Lion Latches with their own logos or names for an additional fee.
Lion Latch is a small but smart solution for jewelry storage that can appeal to anyone who values their jewelry and wants to keep them safe and secure while they are active or traveling. It is also a great gift idea for your friends or family who love jewelry and sports.
Most Asked Questions About Lion Latch
- What is Lion Latch?
Lion Latch is a compact, portable, and secure jewelry storage device that can attach to your keychain, bag, backpack, or belt loop. It is designed to store rings, earrings, necklaces, bracelets, hearing aids, pills, or any other small valuables.
- Who invented Lion Latch?
Lion Latch was invented by Lerin Lockwood, a former art teacher and volleyball coach from Texas. She came up with the idea after she lost a diamond from her engagement ring while playing softball.
- How does Lion Latch work?
Lion Latch consists of two plastic cylinders that fit together and lock with a carabiner ring. The ring prevents the lid from opening accidentally and also allows you to clip the device to any place you want.
- Does Lion Latch have a patent?
Yes, Lion Latch has a patent. Lion Latch is proudly protected by U.S. Patent 11, 122, 874.
- Did Lion Latch get a deal on Shark Tank?
No, Lion Latch did not get a deal on Shark Tank. Lockwood pitched her product to the sharks and asked for $150,000 for 15% equity in her company, but none of the sharks were interested in investing in her business.
- How much does Lion Latch cost?
The price of Lion Latch is $10.95 per unit. Customers can also order custom Lion Latches with their own logos or names for an additional fee.
- Where can I buy Lion Latch?
You can buy Lion Latch online at lionlatch.com and on Amazon, as well as in select retail stores across the country. You can also check the website for a list of stores that carry Lion Latch.
- What are the benefits of using Lion Latch?
Lion Latch can help you protect your jewelry from getting lost or damaged while you are working out, playing sports, traveling, or doing any other activity that requires you to take off your jewelry. It can also help you avoid forgetting your jewelry in places like locker rooms, hotel rooms, or bathrooms.
- What are the drawbacks of using Lion Latch?
Some possible drawbacks of using Lion Latch are that it may not fit all types or sizes of jewelry, it may not be waterproof or fireproof, and it may still get lost or stolen if you are not careful with it.
- What is Travel Jewelry Case?
Travel Jewelry Case is a new product launched by Lion Latch that is a larger version of the original device that can store more jewelry and accessories. It has a zipper closure and a soft interior lining to protect your jewelry from scratches and tangles. It also has a handle and a carabiner ring for easy carrying and attaching.