LifeCaps Shark Tank Net Worth

LifeCaps is a product featured in the fifth season of the popular business reality show Shark Tank. Created by entrepreneur Daryl Stevenett, LifeCaps is an innovative food alternative in tablet form designed for emergency survival situations.

LifeCaps tablets contain natural ingredients, including vitamins and minerals essential to human health, and aim to provide nourishment when traditional food sources aren’t available.

Stevenett’s vision for LifeCaps was born from the need to sustain life during disasters that disrupt food supplies. His inspiration came from watching a survival television broadcast about miners trapped underground without sustenance for days.

LifeCaps was developed as a tablet that can be carried in every backpack, glove compartment, and home.

LifeCaps are notable for their ability to sustain life for extended periods. In an ultimate test of the product’s efficacy, Stevenett lived on LifeCaps for over two weeks.

The tablets stimulate the body to extract nutrients from stored fat, enabling the body to function normally even without regular food intake. They do not contain stimulants and are not meant to function as diet pills. 

LifeCaps is designed for adults and children, emphasizing the product’s safety. However, it is essential to note that water is critical for survival, which remains true when using LifeCaps.

LifeCaps are not without controversy, however, despite their potential benefits. Its claims were met with skepticism during the Shark Tank presentation due to a lack of clinical trials or medical proof to support the product’s safety and effectiveness.

There was also criticism about the absence of FDA approval for the product. As a result, LifeCaps did not secure an investment from the Sharks. Despite this setback, Stevenett continued to market the product post-Shark Tank, though as of September 2021, LifeCaps is out of business. 

LifeCaps offers an interesting survival solution; however, its effectiveness and safety cannot be conclusively proven until it is rigorously tested and approved by health authorities. Its usage should, therefore, be approached with caution.

What is LifeCaps?

LifeCaps is a company that creates survival food capsules for emergencies. These capsules are designed to provide essential nutrients and calories to sustain life when access to regular food is limited or unavailable.

They’re often used for survival preparation, disaster response, or outdoor adventures where carrying traditional food sources could be challenging or impractical.

LifeCaps survival pills are an emergency sustenance solution that may be used when food is unavailable. They are compact, lightweight, and easy to carry, making them a good choice for survival kits and emergencies. Here are some key details:

• Nutrition: Each capsule is fortified with vitamins and minerals to help meet daily nutritional requirements. It also contains a natural appetite suppressant to help manage hunger pangs.
• Usage: These capsules are not meant to replace regular meals entirely but can help bridge the gap when food access is limited or unavailable.
• Durability: The capsules have a long shelf-life, making them suitable for long-term storage. They can withstand various weather conditions, making them a reliable food source in emergencies.
• Versatility: LifeCaps can be used by people of different ages and health conditions. However, it’s always recommended to consult a healthcare provider before using them, especially those with specific dietary needs or restrictions.
• Ease of Use: They are simple to use. You need to swallow them with water. No cooking or preparation is required.

Remember, while LifeCaps can provide essential nutrients during emergencies, they should not replace a balanced, regular diet in normal circumstances.

Who Is The Founder Of LifeCaps?

The founder of LifeCaps is Daryl Stevenett. Stevenett does not possess a nutrition or food science background, which was the field required to create the LifeCaps product. His involvement in this industry was initiated by an event that moved him emotionally and sparked an innovative idea.

He was inspired to create LifeCaps after he saw the story about trapped coal miners underground in southern Utah, where rescue workers were trying to get food to them by drilling through about 1500 feet of rock and debris.

At this point, Daryl was struck by a thought: why hadn’t someone come up with a life-sustaining pill for such emergencies?

Despite his lack of expertise in the field, he took it upon himself to pursue this idea. He reached out to a friend who had experience creating nutrition bars, and together, they brought LifeCaps to life.

LifeCaps is a survival pill that aims to provide nutrition and satisfy hunger in emergencies when food isn’t readily available.

For instance, it’s intended to be used in natural disasters or other emergencies where access to food is limited or non-existent. The pill concept is based on triggering the metabolism to utilize stored fat for energy, similar to how bears hibernate for months without food.

Before appearing on the reality TV show Shark Tank, the LifeCaps product was already developed, and Daryl was using it himself to demonstrate its effectiveness.

Daryl shared his experience of going eight days without food, using only LifeCaps. He stated that he remained mentally alert and healthy despite not eating traditional food.

Daryl sought an investment in Shark Tank to help grow the company, spread the word about LifeCaps, and conduct clinical studies to prove the pill’s safety and efficacy.

Despite his claims and demonstrations, however, the sharks had concerns about the product’s credibility and potential to generate profit, and Stevenett didn’t secure an investment. This setback, however, didn’t deter Daryl from continuing his entrepreneurial journey.

How Was The Shark Tank Pitch Of LifeCaps?

Daryl Stevenett of LifeCaps stepped into the Shark Tank seeking a $200,000 investment for a 30% stake in his company, valuing LifeCaps at $666,666.

He began his pitch by asking the Sharks if he looked healthy and mentally alert, revealing that he hadn’t eaten any food for the past eight days, instead relying solely on his product, LifeCaps.

LifeCaps were presented as survival pills designed to satisfy hunger and provide nutrition in emergencies where food isn’t available. Stevenett claimed the pills could help users go without food for several days, even weeks.

He detailed a prior experience where he went 17 days without food, insisting the product allowed him to maintain mental alertness and health.

The Sharks had several concerns about LifeCaps, beginning with queries about the product’s shelf life (which was reported to be five years) and the potential market for such a product.

They discussed scenarios where LifeCaps might be used and expressed doubts about regular repeat purchases.

Most critically, the Sharks focused on the lack of scientific proof behind the product’s claims. Despite achieving $430,000 in sales over five years, Stevenett admitted that he hadn’t pursued clinical studies to validate LifeCaps’ safety and effectiveness due to lack of funds.

Sharks were particularly critical of this, pointing out that such proof should have been sought before pitching the product to them or consumers.

Lori asked if LifeCaps were FDA-approved, to which Stevenett responded that LifeCaps were dietary supplements and were 100% compliant.

The Sharks pointed out that “compliant” and “approved” differed, implying that Stevenett was evading the question. Stevenett’s claims of weight loss while using LifeCaps were also controversial.

Sharks argued that marketing weight loss could lead to product misuse and potential health risks, despite Stevenett’s insistence that LifeCaps was not a diet pill.

LifeCaps didn’t receive any investment from the Sharks after the pitch. They cited various reasons, including ethical concerns, the lack of clinical trials and FDA approval, potential misuse of the product, and doubts about its marketability. Mark Cuban even labeled Stevenett as acting like a “snake oil salesman.”

Ultimately, Stevenett walked away without securing the investment he sought from the Sharks for LifeCaps.

Final Deal: No deal between LifeCaps and Sharks.

Did LifeCaps Get a Deal on Shark Tank?

LifeCaps did not secure a deal on Shark Tank. Founder Daryl Stevenett appeared on the show requesting a $200,000 investment in exchange for 30% of the company. However, the pitch did not go as planned.

During the pitch, Daryl claimed that he had “lived” on LifeCaps for eight days and that the supplement could help people survive without food for a short period while drawing nutrients from stored fat. However, the sharks were skeptical about these claims due to insufficient scientific evidence and clinical trials.

Mark Cuban accused Daryl of not taking agency despite having $400,000 in sales and called out the absence of medical proof or FDA approval for LifeCaps. Lori Greiner highlighted the need for thorough testing and safety guarantees for ingestible products.

Daymond John agreed with Lori’s points and also withdrew his interest. Robert Herjavec voiced concerns about promoting such products as shortcuts to health and wellbeing. The last shark, Kevin O’Leary, declined to invest, stating that he saw no monetary gain from the product.

As a result, Daryl left the show without securing an investment for LifeCaps. The company eventually closed down due to negative reviews, a lack of substantial scientific evidence to support its claims, and pricing issues.

What Happened To LifeCaps After Shark Tank?

After appearing on Shark Tank, LifeCaps did not fare well. The lack of a deal on the show likely impacted the company’s credibility, with consumers and potential investors sharing the Sharks’ concerns about the lack of clinical evidence and FDA approval supporting the product’s claims.

The product was sold through online retailers, primarily Amazon, where it earned a modest 3-star rating. However, the reviews for LifeCaps were mixed, and many were critical.

Customers pointed out that the ingredient list for the pills consisted mainly of vitamins and sugar, and several users reported that the supplements did not alleviate their hunger as promised.

Furthermore, the cost was deemed problematic. A bottle of 180 caplets was priced at $49.99, significantly more expensive than regular multivitamins, which led to further negative feedback.

The culmination of these factors led to the company’s eventual shutdown. The official LifeCaps website was taken down in 2021, and the company’s social media presence dwindled and was eventually abandoned. The product was also removed from Amazon.

By 2023, LifeCaps was no longer available for purchase anywhere online. Interestingly, however, the naming rights were obtained by REJ Diamond Pharmaceuticals, a pharmaceutical company based in the Philippines.

Whether this company plans to revive LifeCaps or use the name for a different product is unclear.

As for Daryl Stevenett, he turned his focus to his music career after LifeCaps’ shutdown. He has released several albums and continues to perform regularly.

LifeCaps Shark Tank Update

After appearing on Shark Tank, LifeCaps faced a series of challenges that eventually led to its downfall. Despite Daryl Stevenett’s confident presentation, the Sharks were highly skeptical due to insufficient scientific evidence supporting the product’s efficacy and safety.

The product was initially available for purchase on Amazon and other online retailers. However, customer reviews were largely negative.

Many pointed out that the ingredient list only included vitamins and sugar, yet the product was priced 10 times higher than regular multivitamins.

Customers also reported that the supplements did nothing to curb their hunger; some even labeled LifeCaps as a scam. The company started to struggle due to mounting criticism and a lack of endorsement from the medical community.

The LifeCaps website was taken down in 2021, and their social media pages were also abandoned. The product was subsequently removed from Amazon, where it held a mediocre 3-star rating.

LifeCaps is no longer available for purchase anywhere online. Interestingly, REJ Diamond Pharmaceuticals, a pharmaceutical company based in the Philippines, obtained the naming rights.

After the closure of LifeCaps, Daryl Stevenett shifted his focus towards music. He released an album titled “James Taylor Tribute” in 2020 and is set to release another in fall 2023. He also authored several books, including “Hobo Club,” “My Friend Dave,” “I Can Heart You,” and “We All Die Alone.”

Is LifeCaps Still In Business?

Our research shows that LifeCaps, the survival pill food supplement, is no longer in business. Despite not striking a deal on Shark Tank, LifeCaps was initially available on Amazon and its official website.

However, there was no pharmaceutical evidence to support the efficacy of LifeCaps, and it did not hold FDA approval. This led to Amazon removing the product from its platform.

Further, LifeCaps’ dream of being included as a supplement for Army officers was shattered due to a lack of evidence supporting its claims. As of today, LifeCaps is no longer in business. The official website of the company is also down.

The founder, Daryl Stevenett, focuses on his musical skills, performing live music, playing guitar, performing cruise shows, and writing jingles for Television and Radio.

What Is the Net Worth of LifeCaps?

According to our research, the net worth of LifeCaps is $0 since the company is out of business. The valuation of LifeCaps was $666,666 when it appeared on Shark Tank.