Brad Ruffkess hopes a shark will help him defeat “porch pirates” when he pitches BoxLock, an app enabled padlock, in Shark Tank episode 1001. BoxLock works with any lockable receptacle. Users download the accompanying app and synch it with the lock. When a delivery driver shows up with a package, they scan the bar code and verify with the lock. The lock opens, the driver leaves the package in the box and locks it back up. Then the customer receives a notification from the app that the package was safely delivered.
Delivery drivers love this product because it cuts down on “lost delivery” reports that occur. 42% of city dwellers, 26% of suburban residents and 18% of rural residents have experienced package theft. The BoxLock can eliminate the problem. The company recommends the receptacle be bolted to your home so thieves can't walk off with the entire receptacle.
This product seeks to replace Amazon Key, which allows Amazon delivery drivers to unlock the front door of someone's house when making a delivery. Many people are uncomfortable with that arrangement for obvious reasons. BoxLock is cheaper than Amazon Key, too. The lock is only $129 and Amazon Key is around $300. Of course with BoxLock you still need to buy a receptacle – which you can buy on Amazon or the company website too..
Ruffkess got his business going with a successful Kickstarter campaign that raised a little over $54,000 in early 2018. Most pre-orders were fulfilled by August. All in all, backers were happy with both the product and the fulfillment. Too often, Kickstarter campaigns have difficulties fulfilling orders on time. Ruffkess likely wants a Shark to help him with cash for further growth.
BoxLock Company Information
Posts about BoxLock on Shark Tank Blog
BoxLock Shark Tank Recap
Brad will pitch the panel of five Sharks on the business and its prospects for growth. He'll need to convince Mark Cuban, Kevin O’Leary, Lori Greiner, Daymond John and guest Shark Jamie Siminoff. that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but he’ll need to show them HE is capable of running the company to “Shark standards." A full pitch re-cap on BoxLock will be available on Shark Tank Blog once this episode airs.
BoxLock Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on BoxLock & Brad Ruffkess as more details become available.