This is when Gilpin maximized his Shark Tank moment. SignalVault needs an aggressive plan to take over market share from ID Stronghold. The “Shark Effect,” however, has a limited timeframe. This takes SignalVault from an unknown brand sitting on the shelf to a recognized leader in the industry. Get Brand ExposureĬlearly, the season premiere of Shark Tank exposed millions of viewers to SignalVault and allowed Chris Gilpin to fully explain product benefits. This provides consumers a better solution to security concerns without dictating fashion. One card protector keeps all the credit cards in my wallet secure. Using the wallet of my choice, I simply slip the credit card sized SignalVault into my wallet. Welcome industry newcomer SignalVault specializing in data security NOT fashion accessories. Why should I have to buy a wallet that I don’t like to protect my data with ID Stronghold? There’s a multi-billion dollar industry catering to the fashion whims of the wallet world. In my opinion, their selection of wallets looks dated. ID Stronghold’s product line focuses on a wide array of wallets and sleeves. How is underdog SignalVault expected to compete with this powerhouse brand? Make a Better Product Competitor ID Stronghold dominates the industry with 80% market share. His product uses e-field technology to detect and disrupt signals trying to steal information. Chris Gilpin of SignalVault is on a mission to protect customers against these types of “crowd hackings” happening at popular locations all over the country. We now live in an era of electronic pick-pocketing where thieves with scanners can steal our credit card information without ever touching our wallet. Gilpin's speech was part of the Bernard Simpkins Entrepreneurial Lecture Series, which brings influential business people to Brevard County to pass on the knowledge they've accumulated as entrepreneurs.Guest Post on how SignalVault can beat competitor ID Stronghold by Dan Casey "I've got to keep working and not standing for mediocrity. "Don't give up whether things are going good or bad," was one of the big takeaways for Blaue. His dream is to design and develop a supercar in the vein of Lamborghini and Ferrari-only better. Gilpin's lecture motivated Blaue to keep moving and keep working. "I just hope everybody takes out what I did," Blaue said. He may later decide to major in engineering to take a more hands-on role in achieving his dream. High School taking classes with a business focus at the college. Blaue, like Gilpin once was, is a student in central Florida with big dreams that he one day hopes to make a reality.īlaue is 18, a graduate of Space Coast Jr./Sr. What he heard from Gilpin, he took to heart. Gilpin may have had a unique trajectory for his success as an entrepreneur, but he also aims to embody many of the same qualities possessed by all successful people: hard work, sacrifice, dedication and dreaming big.Īlex Blaue was one of the EFSC students sitting in the audience. After months running Signal Vault on his own without outside investment, he took the advice of friends and family and auditioned for "Shark Tank," where he ended up with a $200,000 investment in exchange for a 12.5 percent stake. He won exactly $7,908.50, less than $100 short of what he'd need to put his business in motion. Not every number on the ticket was a match, but enough were. Then came Gilpin's first stroke of luck: a forgotten lottery ticket in his car, several months old, unchecked. By his calculations, he knew he'd need $8,000 to get things going – money he just didn't have at the time. The only problem was that he didn't have the money to develop a product or start a business. He quickly found there were bulky wallets available and tin foil could offer protection, but he knew there had to be a better way. That's when he first encountered the "crowd hack" technology that allows credit and debit card information to be stolen by remotely scanning the cards with an inexpensive device. Gilpin was working as a speaker for the National Crime Stop Program, traveling to different places educating people about how to be vigilant against theft and fraud but also learning things himself. View Gallery: Shark Tank winner Chris Gilpin speaks at EFSC
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