Guard Llama, a personal safety device company, was featured on Shark Tank in 2017, securing a $100,000 investment from Barbara Corcoran for 18% equity. Despite this boost, the company faced challenges and ceased operations in 2020.
The business had raised additional funds through crowdfunding and was valued at around $1 million at its peak. However, it couldn’t sustain growth and eventually dissolved. Guard Llama’s downfall is a reminder of the difficulties startups face, even with strong investor backing and initial success. As of the latest updates, the company remains defunct.
Guard Llama Net Worth
| Estimated Net worth | $500,000 (Business valuation) |
| Annual Sales Revenue | Not available |
| Lifetime sales | Not available |
| Shark | Barbara Corcoran |
| Founder | Joe Parisi and Nick Nevarez |
| Employees | Not available |
Guard Llama Pitch on Shark Tank
| Company name | Guard Llama |
| Product | Handheld personal security device and subscription service |
| Episode | Season 08 Episode 21 |
| Founders | Joe Parisi and Nick Nevarez |
| Asked for | $100,000 for 5% equity |
| Final deal | $100,000 loan for 20% equity |
| Shark | Barbara Corcoran |
| Location | Chicago, Illinois, United States |
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Guard Llama Founders
Guard Llama was founded by Joe Parisi and Nick Nevarez in 2015. Joe Parisi is the CEO of the Guard Llama. He is a CPA and serial entrepreneur. The other co-founder Nick Nevarez Adam Havey is the CTO of Guard Llama. He is a software engineer with over 10 years of experience. The net worth of Guard Llamas founders, Joe Parisi and Nick Nevarez, is unknown as of 2024. Based on their deal, they should have an approximate net worth of $400,000.
Key accomplishments
| Year | Accomplishment |
| 2017 | Appeared on Shark Tank season 8 and Barbara Corcoran provided them with a loan of $100,000 for 20% equity. |
| 2018 | Launched their mobile app. |
| 2019 | raised $1 million in Series A funding. |
Conclusion
Some companies that appear on the show have not achieved great success, and the Guard Llama was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Guard Llama went out of business in 2020. And the product is no longer available in the market.