Rock Band Shark Tank Net Worth 2023
Lee Dahlberg, the entrepreneur behind Rock Bands, appeared on Shark Tank in season 4 episode 3. He sought $100,000 for a 20% stake in his company, which gives him a net worth of $500,000.
However, he ultimately accepted an offer of $100,000 for 40% equity from Daymond and Mark, valuing the company at $250,000. The deal ultimately did not go through.
Cab20 is a garage rock band from Los Angeles that appeared on Shark Tank in hopes of securing funding for their band. They asked for an investment of $200,000 for a 20% equity stake in the revenues earned by the band.
The Sharks did not invest in Cab20. As of February 25th, 2023 there is no information available about the net worth of Cab20 or its members. Kevin Harrington was one of the original sharks appearing during season 1 and 2 with a net worth of $450 million as of February 25th, 2023 .
What is Rock Bands?
Rock Bands are distinct pieces of jewelry that combine therapeutic stones with elegant leather bands to create a fashionable accessory that emanates positive energy.
These bracelets are crafted from a range of animal hides, including python, crocodile, tree snake, and calf skins.
With approximately 40 unique varieties of stones incorporated into the design, each Rock Band has its own distinct properties.
Lee Dahlberg, a proponent of the new-age notion that stones possess varying abilities to improve one’s well-being, founded Rock Bands.
The idea for the company originated when Lee created a bracelet for himself and discovered a demand for it. Before starting Rock Bands, Lee worked as a fashion model and funded the business venture by selling his house.
Initially, Lee received orders for his product from retail stores. However, he faced numerous challenges during the five-year period it took to establish his business, leading to lower than anticipated sales.
Rock Bands Shark Tank Pitch
During the third episode of the fourth season of Shark Tank, Dahlberg presented his business that sells “healing” stones on wristbands to the Sharks.
He was looking for an investment of $100,000 in exchange for a 20% ownership stake in his company, which valued it at $500,000.
Dahlberg mentioned that his product was popular among celebrities such as Bono and Johnny Depp, and that he had earned $300,000 over a five-and-a-half-year period.
He also revealed that he had recently obtained a license for the product name “Rock Bands” in America, but had encountered some legal issues related to trademark infringement.
Although the Sharks were impressed by his profit margins, they expressed concern about the slow growth of his business.
Eventually, Mr. Wonderful offered to license the product and take full ownership of the company, while Barbara showed interest in partnering with Kevin. Mark and Daymond made a joint offer of $100,000 for a 40% ownership stake in the business if Mark joined.
After some negotiation, Lee accepted their offer. However, the deal ultimately fell through, and the company has not undergone significant changes since its appearance on the show. The business has not been active on its Facebook page since the episode aired.
Since appearing on Shark Tank, Dahlberg has pursued other interests. He began doing stand-up comedy in 2012 and also works as a model.
He no longer maintains a company website, but he continues to sell products on his personal website, which includes custom and remanufactured furniture.
Despite not fully capitalizing on the exposure from the show, Dahlberg has a net worth of $17 million and remains active in his modeling career.
Rock Band Shark Tank Net Worth
In episode 3 of season 4 of Shark Tank, Dahlberg sought $100,000 for a 20% stake in his company, which gives him a net worth of $500,000.
However, he ultimately accepted an offer of $100,000 for 40% equity from Daymond and Mark, valuing the company at $250,000. The deal ultimately did not go through.
As of January 2023, Rock Bands is still in operation company as customers can still purchase products through Lee’s website, suggesting an increase in the company’s net worth.
Rock Bands Competitors
There was no competitor identified for Rock Bands.
Rock Bands FAQS
What was Rock Bands?
Rock Bands are one-of-a-kind pieces of jewellery that incorporate healing stones into exquisite leather bands.
They exude positivity and are a fantastic addition to the world of fashion. The bracelets are crafted from an assortment of animal hides, including python, crocodile, tree snake, and calf skins.
There are approximately 40 distinct types of stones utilized in various rock bands.
Who is the founder of Rock Bands?
Lee Dahlberg started Rock Bands. Lee formed a band for himself and discovered there was a market for it when everyone who saw it want one.
Lee Dahlberg was a fashion model before to appearing on the program, and his experience and enthusiasm for the business drove him to sell his home and create the firm.
Who is Lee Dahlberg?
Lee Dahlberg is a Florida-based international model, designer, and artist. On 10 May 1974, he was born.
He was the owner of the jewellery line Rock Bands and the furniture line You Son Of A Bench. He is also a model and influencer on Instagram, having over 50,000 followers.
How much was they seeking in the Shark Tank?
They came on the Shark Tank season 4 episode 3 asking for $100,000 in exchange for 20% of their business.
How much did they received in the Shark Tank?
They accepted an offer from Daymond and Mark of $100,000 for 40% equity. The deal fell through and the business was shut down.
Is Rock Bands still in business?
Lee Dahlberg have likely shut down his business.
Where can they buy Rock Bands now?
Rock Bands is out of business.
What is their website?
Dahlberg closed the company’s website
What is their phone number?
Rock Bands is out of business.
How can they contact Rock Bands?
Rock Bands is out of business.
Does Rock Bands have a Facebook page?
Rock Bands is out of business.
What is the current net worth of Rock Bands?
They are out of business.
What was Rock Bands Shark Tank Update?
The transaction with the Sharks was never finalized. He does not appear to have fully embraced the Shark Tank Effect. Rock Bands website was decommissioned in 2021. He continues to sell them on his personal website.
When was Rock Bands aired on Shark Tank?
Rock Bands appeared on the Shark Tank season 4 episode 3 on September 28th, 2012.
Where was Rock Bands located?
Rock Bands was located in Hollywood, Florida.
What is the net worth of Lee Dahlberg?
Lee Dahlberg has a net worth of $17 million.
