Whatever Happened To TOOR – Key Lockbox And Real Estate App After Shark Tank Season 8? – House Digest
In 2016, Junior Desinor brought his lockbox, TOOR, to Shark Tank Season 8, Episode 8. Desinor, who had been working in real estate for years, designed TOOR so that scheduling house viewings would be easier for both buyers and sellers. The lockbox is controlled by the TOOR app, which connects buyers and sellers. Once they have gotten in touch, the seller can give access to the buyer to open the lockbox through the app and view the home without having to waste time calling agents or waiting for open houses.
TOOR’s box uses Bluetooth to remotely open and close, allowing only the scheduled buyer to open the box with the keys at a set time. If a seller is unsure of having strangers in their home unsupervised, they have the option to require that an agent accompany the buyer. The app can quickly find a nearby agent and allows the user to search for properties as well.
What happened to TOOR on Shark Tank?
YouTube
Junior Desinor walked into the tank with a big ask for his small company. The founder was looking for $500,000 in exchange for 10% equity in his company, which had a $5 million valuation. Despite the high valuation, TOOR had not sold a single product before appearing on the show. The company was still in its developmental stages but had launched a Kickstarter campaign which had raised $100,000 in pre-orders.
While the sharks were impressed by Desinor’s sales pitch, they weren’t all sure about the product. Chris Sacca, a guest shark on the show, argued with Desinor and the other Sharks that similar products were already on the market. Despite the discrepancy, Kevin O’Leary and Barbara Corcoran offered TOOR’s founder $200K for 10% of the company and a $300K loan with 18% interest. Desinor took the deal and was excited to work with O’Leary and Corcoran. “It was brutal in there,” Desinor said as he walked out of the tank. “But I’m super thrilled about my partners and I’m ready to get to work.”
TOOR after Shark Tank
YouTube
While TOOR saw some success after “Shark Tank,” it turns out that Desinor’s deal with Kevin O’Leary and Barabara Corcoran never closed. Because TOOR’s product was not on the market at the time its episode aired, the company gained only exposure rather than an uptick in sales, like most products that appear on “Shark Tank.” Junior Desinor left the tank with a deal from two Sharks, but it took TOOR two years before its lockboxes were ready for consumers. The company finally started shipping out preorders and advertising their product in March of 2018. About a month after releasing its initial product, TOOR partnered with Touch of Modern, which sells unique products to members.
Later that year, the company also started working with Umber Realty Inc., a Canadian real estate company, and JP and Associates Realtors. TOOR began selling their lockboxes on their website as well as on Amazon.
TOOR disappears after the launch of their product
YouTube
Despite these promising opportunities, TOOR seemed to fall off the map. The company stopped updating its Facebook in early September of 2018, just six months after the release of its smart lockboxes. While their Amazon page remains online, the product is listed as currently unavailable and has no reviews. When trying to access the company’s website, a warning appears, stating that the connection is not secure and the website seems to be down.
Though TOOR had an extremely promising pitch and deal on “Shark Tank,” Desinor’s company doesn’t seem like it ever fully got off the ground. TOOR’s product was interesting, but it had to compete against many other types of lockboxes already on the market and didn’t last. The company’s Kickstarter page is still online, but there have been no updates since January of 2018, when TOOR announced that its first lockboxes would be released soon.
What’s next for TOOR’s founder?
Instagram
Junior Desinor’s lockbox company went out of business, but the founder continues working with real estate and investment opportunities. Desinor has invested in several businesses, including Balloon Therapy, which creates garlands out of balloons, and City Naturals, a wellness and CBD store he founded with his wife. In 2023, the founder of TOOR explained his latest venture, Good Capital Partners, to OK Magazine.
Good Capital Partners brings investors into a unique hotel market, with exclusive properties that are hard to get ahold of. “We arbitrage the rental programs offered by developers and hotel operations to aggressively cashflow our trophy properties, generating impressive returns for our investors,” Desinor told OK Magazine. “The unique investment opportunity is often kept in a very small circle. We partner with developers, brokers, and hotel chains to make sure our pipeline for these unique properties is available to our investors.” Though TOOR has gone out of business, it’s clear that Desinor continues to see success in his other pursuits.
Related News & Content
-
Archive pagination not working
Archive pagination not working,I am trying to add pagination for my Archive. I want to show 12 posts per page and then show the 'next' / 'previous' buttons. When I manually change the value of the $paged variable, the 1 into a ... -
How to make my logged-in user-role shortcode displaying name instead of slug?
How to make my logged-in user-role shortcode displaying name instead of slug?,I am trying to get my frontend to show the role of a logged-in user via Shortcode. I have the Shortcode functional (see below) but it displays the slug and not the real name in the frontend. This i... -
Fatal error: Uncaught Error: Class ‘WP_Block_Styles_Registry’
Fatal error: Uncaught Error: Class 'WP_Block_Styles_Registry',I am having some issues determining the solution to this problem below. The website was sent to our team to fix. Turned on error reporting in wp-config.php: define('WP_DEBUG', true); Word... -
Programmatically set current-menu-item using wp_nav_menu
Programmatically set current-menu-item using wp_nav_menu,I'm calling wp_nav_menu programmatically on a class and I'd like to be able to set the field that will be shown as the current-menu-item but I don't see an argument for that. It seems like I may b... -
Always show Next and Previous button in wp_link_pages ?
Always show Next and Previous button in wp_link_pages ?,How do we get wp_link_pages() to show the Next and Previous button when it is the start of the multi-page post as well at the end of a multipage. Currently it only shows Next if it is the first pag... -
Excluding top level from taxonomy and post loop
Excluding top level from taxonomy and post loop,I've got a custom post type / taxonomy. I've created a list that shows all the categories and the posts in them. I have set up a top level category (taxonomy) that has two sub categories. I want my -
Add URL to selected post in meta box
Add URL to selected post in meta box,How can I change this code $posts = get_posts(array('post_type'=> 'lesson', 'post_status'=> 'publish', 'suppress_filters' => false, 'posts_per_page'=>-1)); //here you add the ... -
Architect of Israel’s judicial coup jeered at Holocaust memorial ceremony in New York
Architect of Israel's judicial coup jeered at Holocaust memorial ceremony in New York,Ceremony Was Disrupted by a Group of Israeli Expats Outraged by the Presence of Simcha Rothman – a Lawmaker From the Far-right Religious Zionism Party – Among the Guests of Honor -
One Holocaust survivor will mark her history differently after the horrors of Oct. 7
One Holocaust survivor will mark her history differently after the horrors of Oct. 7,Judith Tzamir, a Holocaust Survivor From Germany Who Moved to Israel in 1964, Will Make the Trip Back to Auschwitz for the First Time to Participate in March of the Living, a 2-mile March From Auschwitz to Birkenau, Joining October 7 Survivors and Released Hostages -
Carol Kirkwood stuns in figure-hugging dress amid BBC Breakfast technical chaos
Carol Kirkwood stuns in figure-hugging dress amid BBC Breakfast technical chaos,CAROL Kirkwood stunned in a figure-hugging dress amid a technical blunder. BBC Breakfast was flung into chaos this morning after a string of sound issues. However Carol, 61, was all smiles as she p… -
Families ‘to sue prison’ where loud inmates ‘terrorise kids’ with screaming
Families 'to sue prison' where loud inmates 'terrorise kids' with screaming,Residents living next door to a new prison who say their kids have to sleep wearing headphones and some leave during weekends due to the racket are threatening to sue the prison service -
Doctor Strange’s Secret Wars Role May Be More Important Than You Thought – Looper
Doctor Strange's Secret Wars Role May Be More Important Than You Thought - Looper,According to entertainment leaker Alex Perez, Doctor Strange will find himself confronting his inner struggles as he headlines "Avengers: Secret Wars." -
What Kris Jenner Has Said About Those O.J. Simpson Affair Rumors – Nicki Swift
What Kris Jenner Has Said About Those O.J. Simpson Affair Rumors - Nicki Swift,Over the years, plenty of gossip has swirled about the Kardashians. Here's what Kris Jenner has said on those affair rumors about O.J. Simpson. -
Why We’re Worried About Khloe Kardashian – Nicki Swift
Why We're Worried About Khloe Kardashian - Nicki Swift,Although Khloé Kardashian has seemingly picked up the pieces of her life after turmoil, there's no denying that we are still worried about the reality star. -
French Court Clears Roman Polanski of Defaming British Actor
French Court Clears Roman Polanski of Defaming British Actor,Director Roman Polanski has been cleared by a French court of defaming a British actor whom he called a liar after she accused him of sexual assault. -
Cannes Hidden Gem ‘Christmas Eve in Miller’s Point’ Is Designed as “A Really Warm Hug on A Cold Night”
Cannes Hidden Gem 'Christmas Eve in Miller's Point' Is Designed as “A Really Warm Hug on A Cold Night”,Cannes hidden gem 'Christmas Eve in Miller's Point' wants to provide a really warm hug on a cold night, says director Tyler Taormina. -
Steve Mnuchin pitching investors on plan to buy TikTok, rebuild algorithm in US: report
Steve Mnuchin pitching investors on plan to buy TikTok, rebuild algorithm in US: report,Mnuchin has reportedly asserted that doing so could allow him to buy the app at a discount. -
Insurance is the latest weapon financial abusers use against their partners. Here’s how we fixit
Insurance is the latest weapon financial abusers use against their partners. Here’s how we fixit,Insurance is supposed to be a safety net, but it can be weaponised in domestic and family violence situations. There’s a lot we can do to better protect victim-survivors.
Warning: file_get_contents(https://www.scienceradars.com/wp-output-content.php?pg=1&cat=&kw=&lvl=): Failed to open stream: HTTP request failed! HTTP/1.1 526 in /home/wwwroot/xuenou.com/wp-content/themes/chromenews/template-parts/content.php on line 169
Warning: file_get_contents(https://www.bayuexiang.com/wp-output-content.php?pg=1&cat=&kw=&lvl=): Failed to open stream: HTTP request failed! HTTP/1.1 526 in /home/wwwroot/xuenou.com/wp-content/themes/chromenews/template-parts/content.php on line 173
What just happened to Bonza? Why new budget airlines always struggle inAustralia
Rhapsody in Blue: celebrating 100 years of Gershwin’s groundbreaking classical-jazz masterpiece
Why TikTok Went Silent
Vietnam, brutalist architecture, fees and Gaza: how student protests shaped Australian universities
![Hyundai's rugged IONIQ 5 XRT spotted as Rivian R3X rival [Video] – Techno Blender](https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2024/03/Hyundai-IONIQ-5-XRT-video.jpeg "Hyundai's rugged IONIQ 5 XRT spotted as Rivian R3X rival [Video] – Techno Blender")
