Kitchen Safe is a container with a lock on top. It was designed for those struggling with food cravings, bad spending habits, and phone and video game addiction, among other things. The container can hold anything the user doesn’t want to touch, e.g., cookies, credit cards, phones. The inventors of Kitchen Safe, David Krippendorf and Ryan Tseng of San Francisco, pitched their business on Shark Tank in 2014 and made a deal with the Queen of QVC Lori Greiner, and guest shark Nick Woodman, GoPro founder. They received an investment of $100,000 in exchange for 20 percent equity.
Since their appearance on Shark Tank, Kitchen Safe changed its name to kSafe. As Tseng explained in 2015, “We believe the name kSafe better reflects how you, or customers, use the product…tons of our customers use the kSafe outside of the kitchen…only about half of our customers use the kSafe for food!” kSafe continues to sell their time-lock containers in a variety of sizes: mini ($49), medium, and XL ($59).