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How a Robbery Led to a Business Idea

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This story appears in the July 2015 issue of Entrepreneur. Subscribe »

Entrepreneurs: Jonathan Kinas, Avin Samtani and Rob Peck had their valuables stolen from lounge chairs at a South Beach, Miami, resort in 2011. The friends came up with an idea that would turn their misfortune into opportunity.

Photos Courtesy of AquaVault
AquaVault Safes

“Aha” moment: “We tucked our things into our sneakers and went for a swim, and when we came back, everything was gone,” Kinas recalls. “When we realized several other people at our resort had the same problem, we said, ‘We need to invent something to prevent this.’” 

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