SoundBender Shark Tank Net Worth 2023
As of January 2023, SoundBender’s annual revenue is $500,000-$800,000. Moshe Weiss’s net worth was estimated at $1.3 million in 2018.
The company was valued at $208,000 during the pitch and after Daymond invested, it was valued at $135,000.
Moshe sold 7,000 units online over the past six months for $12.99 apiece and has some interest from Walgreens.
Daymond is working on getting the SoundBender on “one of the shopping channels”. Moshe and Daymond continue to work together and have SoundBenders for the iPad mini and large screen TV’s in the works.
What is SoundBender? Who is the founder of SoundBender?
The SoundBender is a device that addresses the issue of the rear-facing speakers on iPads, directing the sound towards the user and significantly improving its loudness and quality.
The inventor of the SoundBender, Moshe Weiss, was motivated to create this magnetic amplifier after feeling frustrated with having to cup his hands around the iPad’s speaker to hear it more clearly.
The SoundBender is a small plastic clip that attaches to the iPad using magnets, just like the iPad cover. As the speakers on iPads are angled towards the back, a significant amount of sound is directed away from the user.
When a SoundBender is installed, the sound is redirected and amplified. The device is compatible with most iPad covers, can put the iPad to sleep, and does not require any power.
Moshe Weiss, the founder of SoundBender, is a parent, rabbi, and business owner. Before the Great Recession caused financial hardship in Minnesota, he taught at a Jewish school for boys.
When the school closed, he was gifted an iPad, which he enjoyed using for music and movies but struggled to hear through the rear-facing speaker.
After realizing that cupping his hand behind the speaker directed the sound towards him, he decided to create a physical device to do the same job.
He came up with a small plastic “sound funnel” that could magnetically attach to the edge of an iPad, which he called the SoundBender.
He launched the company with over $10,000 in Kickstarter funding, exceeding his original goal of $4,500. Today, SoundBender is a successful iPad amplifier and a testament to Moshe’s ingenuity and determination.
SoundBender Shark Tank Pitch
In episode 14 of Season 4 of Shark Tank’s SoundBender, Moshe presented his concept to the Sharks, hoping to secure their help with marketing and distribution.
He came well-prepared, asking for $54,000 for a 26% stake in his company, which had a valuation of $208,000.
Moshe shared that he had sold 7,000 pieces online for $12.99 each in the last six months, and even Walgreens had shown interest in his product.
Kevin wanted to license and mass produce the SoundBender overseas, but Moshe did not agree with his ethical approach and Kevin dropped out of the negotiations.
Mark was interested in the company but did not believe it had the potential for significant growth, and Barbara was interested in a royalty deal, but Moshe rejected her offer.
Daymond offered $54,000 for a 40% ownership stake in exchange for a deal with Walgreens, and Robert made the same offer without the Walgreens condition. Moshe chose Daymond because of his marketing expertise, and they went on to work together.
Daymond continued to work on the product after the show, intending to sell it on shopping channels and expand it to iPads and large-screen TVs.
Moshe reinvested money into the business and obtained injection molds capable of producing 8 million devices. He licensed the product to Wish Factory, which guaranteed him $2 million in sales annually.
Unfortunately, Moshe Wiess passed away at the age of 41, and the company’s website has been down since his death. However, the product is still available on Amazon, indicating that it is still being manufactured.
Net Worth of SoundBender
The company was valued at $208,000 during the pitch, after the investment done by Daymond the company valued at $135,000. Since the company still selling on Amazon, the company valuation might have increase.
SoundBender FAQs
What is SoundBender?
SoundBender is device that is used to solve the problem of getting the speakers on the back of the iPads to point towards the user rather than away. It significantly increases the sound in terms of loudness and quality.
Who is the founder?
Moshe Weiss, the founder of Sound Bender, created the magnetic iPads amplifier after becoming frustrated with having to cup his hands over his iPads speaker.
Was he on Shark Tank?
Yes. He showed his invention to the Sharks in shark tank episode 14 of Season 4 of SoundBender on Shark Tank to aid him with marketing and distribution.
How much was asking on Shark Tank?
Moshe was asking for $54,000 for a 26% stake of his company, which was valued at $208,000.
Did he have the deal?
Yes, he has a deal from Daymond.
How much was the deal?
Moshe got $54,000 for 40% ownership in exchange for a deal with Walgreens.
Did the company survive?
The company still alive and available on Amazon.
How does SoundBender work?
SoundBender is a simple device that magnetically attaches to your iPads frame and redirects audio from the iPads rear-facing speaker towards users, making movies, games and music more immersive.
How do I buy SoundBender?
Customers can buy at Amazon, here is the link
How do I pay for SoundBender?
SoundBender accepts all major credit cards and PayPal as their payment methods.
How do I contact SoundBender?
SoundBender can be contacted by phone, email or social media. Their contact information is available at the website.
How do I become an affiliate for SoundBender?
Anybody can join as an affiliate for SoundBender using their page link to the site.
Is SoundBender legit?
SoundBender is a legitimate company that is based on the US.
Where is Moshe Weiss now?
Moshe died suddenly on August 29, 2016, of a heart attack at the age of 41. A week prior to his death, he said he felt “a little bit down.”
Who runs SoundBender now?
Moshe’s brother Robert is running the company; he is launching a new version of SoundBender called SoundBender 2.0 and an Android version called SoundBender Go, which will be available soon.
Can I ship SoundBender?
SoundBender is available to ship through Amazon; customers can feel free to contact them if they want any additional information.
Where can I get the manual for SoundBender?
SoundBender has an instruction book, which can be accessed in the website.
What is Moshe Weiss net worth?
As of 2018, Moshe Weiss’s net worth is estimated at $1.3million.
