Zomm did not get an investment from the Sharks.
Courtesy of zomm.com
1. A wireless, Bluetooth-enabled tether for your phone - it alerts you when you are separated from your phone so you'll never lose it again.
2. It also functions as a speakphone with a noise-canceling microphone.
3. In an emergency, you can use the Zomm to call 911 with one button.Buy Zomm at Amazon.com →
Maybe it's because I'm mildly OCD and ALWAYS know where my phone is, but I'm underwhelmed with the Zomm. It's cool, but it's cool in a Skymall kind of way where you'd probably use it for a month or two and then it would get left in the junk draw one day and never see daylight again.
The Sharks seem impressed though, and Henry's numbers are great - at least at first. Then (as they always do), the Sharks begin to smell some blood in the water. Something's fishy. The company is losing money. Why? Seems like they over-estimated how many sales they'd have over the Christmas season and they're sitting on $2 million worth of inventory.
This is a classic "Icarus" story of flying too close to the sun. The Zomm company, and Henry, its leader, tried to go too big too quickly.