|SEASON 7 EPISODE 10|
|Pitch||zipperless smart luggage designed with a builtin GPS, digital scale and charging station|
|Entrepreneur||Gaston Blanchet and Jesse Potash|
|Asked For||$1.4 million for 5%|
|Deal||$1.4 million for 5% to be repaid within 2 years|
|Shark||Mark Cuban and Lori Greiner|
|Status||Out of Business|
What is Trunkster ?
Trunkster is the smart luggage suitcase attempting to disrupt the luggage industry. The Trunkster’s key features include zipperless entry, USB charging with a removable battery, a built-in scale and GPS location tracking through the Trunkster app.
Trunkster was founded back in 2014 by Jesse Potash and Gaston Blanchett. In 2015, the duo introduced Trunkster to the world through crowdfunding campaigns on IndieGogo and Kickstarter.
The campaigns ended successfully with over $3 million in funding between the two platforms with over 7000 backers on board.
Trunkster Shark Tank Update
Did Trunkster Get a Deal on Shark Tank?
Trunkster appeared on Season 7 Episode 10 of Shark Tank in 2015 where they struck a deal with Lori Greiner and Mark Cuban of $1.4 million for 5% equity, which valued their company at $30 million.
Unfortunately, the deal fell through and neither Lori nor Mark remain involved with Trunkster.
Is Trunkster Still in Business?
Trunkster faced a number of difficulties that impacted their ability to get the business off the ground. Today, the company is currently out of business and the founders have moved on to new projects and roles.
Co-founder Jesse Potash, appears to have gone M.I.A and Trunkster’s other co-founder Gaston Blanchet, has left the company to work on a new project called Humanity.TV – a mobile app and interactive documentary for adventurers, explorers and travelers.
The lack of communication and transparency has left hundreds (and possibly thousands) of backers without their luggage and without recourse for a refund. There has even been talk amongst some backers of starting a class action lawsuit against the founders.
Why Did Trunkster Fail?
The unfortunate reality of Trunkster is that the founders and their backers bought into the fantasy of what Trunkster could have been but the founders were clearly way over their heads in attempting to bring this project to life.