John Devecka and Eric Berkowitz, two of the creators of Guitar Hero, pitches SingTrix, a karaoke machine for the 21st century, in Shark Tank episode 609. What Guitar Hero did for guitar god wannabees is what SingTrix hopes to do for karaoke. The SingTrix kit allows users to plug in a smartphone or tablet and play music. Whether you play tunes from your own library, Youtube, or from the 13, 000 plus songs in the Singtrix app’s library. The unit automatically removes the vocal tracks so you can sing along.
The Singtrix Party Bundle comes with everything you need to start rocking out: 40-watt 2.1 channel speaker with built-in subwoofer, two custom microphones, an adjustable mic stand, and holders for your smart phone or tablet.
What makes Singtrix unlike any other karaoke machine is it allows users to add harmony or even duplicate their favorite artist’s voice! People can adjust the level of harmonic vocal compensation which lets so-so singers sound like a pro and good singers sound like a rock God. This product literally turns anyone into a real rock vocalist!
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John and Eric come in and ask for $1.5 million for 5% of the company. They explain the Sing trix and demo the product. The Sharks laugh when John sings without Singtrix. When he sings through the Singtrix, the Sharks are AMAZED! They cycle through some of the special vocal effects and the Sharks are impressed.
They explain how they sold their patents to Activision for Guitar Hero and tell the Sharks they’ve sold $1.2 million in the past 6 months. A large consumer electronics distribution company who wants to distribute 30, 000 units this year. The guys say they want to ally with partners who will make them better. Mark says he’ll be a customer, but he’s out.
Mr. Wonderful offers.$1.5 million for 50% and if he gets his money back in 18 months, he drops to 10% with a $2.50 per unit royalty. Robert offers $1.5 million for 30%. Lori then offers $1.5 million for 30% and backs down to 10% after 18 months with a $2.50 royalty. The Sharks argue among themselves, then Daymond then offers $1.5 million for 25% and says he’ll finance all future orders.
Singtrix Episode 609 Sharktank
The guys counter with $1.5 million for 7%. Daymond and Lori quickly back out as does Robert. Kevin says they are the classic “you’re dead to me, ” and he goes out.
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. The deal with the distributor they mentioned in the Tank did materialize. VOXX Electronics acquired worldwide distribution rights in late 2014. In August, 2017, their Chinese factory burned to the ground. The scene was completely shut down for months while the fire was investigated. The factory owner didn’t offer any details and basically avoided all contact. It went back online in late 2017 and shipped them a couple thousand units.
Shortly thereafter, the factory shut down again for Chinese New Years. Next, they said they were closing until the end of the summer of 2018 to modernize. The Singtrix guys played these troubles close to the vest which strained the relationship with VOXX. VOXX terminated the relationship in 2018. Since they had no manufacturing insurance, the business had to absorb the sales losses.
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In 2019, they ran a wildly successful IndieGoGo Campaign that raised $330, 739. The crowdfunding allowed them to develop a less expensive system with the same features as the original product. They also entered into a new relationship with a different Chinese factory. IndieGoGo helped get them on their feet again and allowed them to get back into production full force.
Fast forward to August, 2022, and they are back in business with $5 million in annual revenue.Posts About SingTrix on Shark Tank Blog
Error: Alert: Copying content on this site is disabled as this content is copyrighted. If you'd like to attribute our work, please link toIf you’re a musician who loves to travel, you’ve probably faced the dilemma of wanting to bring your guitar along but struggling with its size and bulkiness. That’s where Voyage Air Guitar comes in. This innovative foldable guitar, featured on Shark Tank, is revolutionizing the way musicians can take their instrument on the road.
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Founded by Jeff Cohen and his son Josh, Voyage Air Guitar collaborated with Adrian Bagale and Harvey Leach to design a compact and portable guitar that doesn’t compromise on quality. Despite not securing a deal on Shark Tank, the company has persevered and achieved remarkable success in the music industry.
Voyage Air Guitar is an innovative and portable guitar that revolutionizes the way musicians travel with their instruments. Designed with convenience in mind, this foldable guitar allows musicians to take their music on the go without sacrificing quality or performance.
The Voyage Air Guitar features a patented hinge design that enables it to fold in half, making it incredibly compact and easy to carry. Whether you’re a professional musician going on tour or a hobbyist playing on the beach, this portable guitar is the perfect companion for all your musical adventures.
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One of the standout features of the Voyage Air Guitar is its ability to maintain its tune even when folded and unfolded. This is thanks to the innovative engineering behind its hinge design, which ensures that the strings stay in place and the guitar stays in tune, no matter how many times you fold and unfold it.
Unlike other portable guitars on the market, the Voyage Air Guitar does not rely on any nanotubes or microchips to achieve its portability. It is purely a mechanical design marvel that allows for easy folding and unfolding, without compromising on sound quality or playability.
“The Voyage Air Guitar has completely changed the game for traveling musicians. It’s incredible how such a compact and portable instrument can sound so full and vibrant. I never leave home without it!” – John Smith, Professional Guitarist Key Features of Voyage Air Guitar:
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Whether you’re a frequent traveler or simply value the convenience of a portable instrument, the Voyage Air Guitar is the perfect choice for you. With its innovative design and exceptional functionality, it has become a favorite among musicians around the world.
The founders of Voyage Air Guitar are Jeff Cohen and his son Josh. They collaborated with Adrian Bagale and Harvey Leach to design and develop the innovative foldable guitar.
Jeff and Josh Cohen bring years of experience and passion for music to the table. Jeff, a renowned guitarist and musician, had a vision of creating a guitar that could easily be taken on the road without sacrificing quality or sound. Josh, following in his father’s footsteps, brought his business acumen and technical skills to help turn their dream into a reality.
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Adrian Bagale, a guitar enthusiast and master luthier, provided crucial expertise in guitar design and craftsmanship. With his keen eye for detail and dedication to excellence, Bagale played an integral role in the development of the foldable guitar.
Harvey Leach, a seasoned entrepreneur with a deep understanding of the music industry, brought his business acumen and strategic insights to the team. Leach’s expertise helped shape the business model and navigate the challenges of bringing a new product to market.
Together, these founders were able to create a truly revolutionary instrument that has garnered attention and praise from musicians around the world.
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During their appearance on Shark Tank, Jeff and Josh Cohen showcased the innovative Voyage Air Guitar and sought a $500, 000 investment in exchange for a 5% stake in the company. This valuation placed Voyage Air Guitar at an impressive $10 million.
The sharks, known for their keen business instincts, expressed skepticism about the company’s valuation. However, one shark saw the potential and decided to partner with Voyage Air Guitar to help them establish their business.
“I believe in the vision of Voyage Air Guitar and the potential it holds in the market. I want to be a part of their journey and help them succeed, ” said Mr. Wonderful (Kevin O’Leary).
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Although Voyage Air Guitar did not receive a deal from all the sharks, they have defied the odds and continued to thrive in the music industry. Their innovative guitar design and determination have propelled them forward, establishing Voyage Air Guitar as a key player in the market.
Stay tuned for the next section, where we will explore the journey of Voyage Air Guitar after their Shark Tank pitch, including their expansion and success in the retail industry.
Since their appearance on Shark Tank, Voyage Air Guitar has continued to thrive and achieve remarkable success. They have expanded their reach by opening over 200 retail locations worldwide, making their innovative guitars easily accessible to musicians everywhere.
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A notable development for Voyage Air Guitar is their partnership with Fender, one of the most renowned guitar manufacturers in the world. While the specific details of this collaboration were not shown on television, this alliance has undoubtedly contributed to the company’s growth and success.
By joining forces with Fender, Voyage Air Guitar has gained credibility and access to a wider customer base. This partnership showcases the recognition and respect that Voyage
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