Kitchen Safe is a multi purpose time-locked container designed especially for those struggling with food cravings, and technological device addiction. This was started by David Krippendorf and Ryan Tseng in 2012. As of October 2023, Kitchen Safe’s net worth is $5 million. They’re pulling in a whopping $5 million in annual revenue.
In November 2014, they appeared on Season 6 of Shark Tank USA and made a deal with Lori Greiner and Nick Woodman for $100,000 for 20% of equity. The final valuation was $1 million, down from the founder’s initial estimate of $2 million.
As of October 2023 Kitchen Safe currently known as KSafe is successfully thriving in business. You can purchase Kitchen Safe containers through company website, Amazon and Walmart.
Kitchen Safe Net Worth
| Net worth | $5 million (2023) |
| Annual Sales Revenue | $5 million (2023) |
| Profits | – |
| Lifetime sales | – |
| Investors | Lori Greiner and Nick Woodman |
| Founders | David Krippendorf and Ryan Tseng |
| Employees | – |
Kitchen Safe Net Worth Timeline
| Net Worth 2023 | $5 million |
| Net Worth 2022 | $5 million |
| Net Worth 2021 | $4 million |
| Net Worth 2020 | – |
| Net worth valuation in 2014 after appearing on Shark Tank | $1 million |
| Net worth valuation in 2014 before appearing on Shark Tank | $2 million |
Kitchen Safe Pitch on Shark Tank
| Company name | Kitchen Safe |
| Product | Time-locked containers |
| Episode | Season 06 Episode 10 |
| Founders | David Krippendorf and Ryan Tseng |
| Asked for | $100,000 for 5% equity |
| Final deal | $100,000 for 20% equity |
| Sharks | Lori Greiner and Nick Woodman |
| Location | San Francisco, California |
Don’t miss these products from Season 6
Kitchen Safe Founders
David Krippendorf and Ryan Tseng founded Kitchen Safe in 2012. David has years of professional experience working in finance industry. Ryan is an electrical engineer in the military. These two met each others and became business partners after joining into military forces. Kitchen Safe’s founders David Krippendorf and Ryan Tseng have a net worth of 4 Million USD as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2014 | Kitchen Safe got featured on Shark Tank season 6 and won a deal |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Kitchen Safe and its continued success.