Voyage Air Guitar Shark Tank Net Worth (Before and After Shark Tank)

Voyage Air Guitar made waves on Shark Tank when founders Jeff and Josh Cohen showcased their innovative collapsible guitar. Before their appearance, Voyage Air Guitar had a net worth of $1 million. After their pitch, their net worth temporarily dipped to $500,000 but has since rebounded to $1 million in 2022. Not only has their business thrived, but Jeff and Josh Cohen also have a net worth of $1 million as of 2022.

Key Takeaways:

• Voyage Air Guitar appeared on Shark Tank, presenting their foldable guitar.
• Before Shark Tank, Voyage Air Guitar had a net worth of $1 million.
• After the show, their net worth briefly dropped to $500,000 but has since recovered to $1 million in 2022.
• Voyage Air Guitar’s founders, Jeff and Josh Cohen, have a net worth of $1 million as of 2022.

What is Voyage Air Guitar?

Voyage Air Guitar is a brand that offers innovative and portable guitars. Their guitars are collapsible, allowing for easy storage and travel. This unique feature sets them apart from traditional guitar brands. With their state-of-the-art backpack, guitar enthusiasts can take their instrument wherever they go without sacrificing space or convenience. Voyage Air Guitar combines music with industrial improvements, providing a stylish and handy solution for musicians on the go.

The Benefits of Collapsible Guitars

Collapsible guitars, like those offered by Voyage Air Guitar, have revolutionized the way musicians can enjoy their instrument. These portable guitars provide several key advantages:

• Easy storage: With the ability to fold the guitar in half, it takes up significantly less space when not in use, making it ideal for those with limited storage options.
• Convenient travel: Musicians no longer have to worry about the hassle of lugging around a bulky guitar case. The collapsible design allows them to pack their instrument in a backpack and take it on the go.
• Durable construction: Despite their foldable nature, collapsible guitars are built to withstand the rigors of travel. They are made from high-quality materials that ensure long-lasting performance.

Innovation Meets Style

Voyage Air Guitar not only focuses on practicality but also on creating instruments that look and sound great. Their guitars maintain the same level of craftsmanship and tonal quality as traditional guitars, ensuring that musicians can enjoy an exceptional playing experience. The brand offers a wide range of models, catering to different playing styles and preferences. Whether you’re a professional musician or a hobbyist, Voyage Air Guitar has a collapsible guitar that suits your needs.

Benefits of Voyage Air Guitar	Traditional Guitars
Collapsible design for easy storage and travel	Fixed shape and size, difficult to transport
Durable construction for long-lasting performance	Vulnerable to damage during travel
Wide range of models to cater to different preferences	Limited options for customization

The Journey on Shark Tank

When Jeff and Josh Cohen appeared on Shark Tank, they offered a 5% equity share of Voyage Air Guitar for $500,000 to finance their business. The sharks were intrigued by the unique folding feature of the guitar and its ability to stay in tune even after being folded. Kevin O’Leary made an offer of $500,000 for a 51% stake in the company, but Jeff refused to give up more than 50%. Ultimately, no deal was made on the show. However, the exposure on Shark Tank led to great organic publicity for Voyage Air Guitar, resulting in a significant boost in sales and revenue.

After the show, Voyage Air Guitar secured a deal with Fender, a prominent name in the guitar industry. This collaboration further expanded their market presence, allowing them to reach a wider audience of guitar enthusiasts. Despite the initial setback on Shark Tank, the exposure and subsequent partnership with Fender have been instrumental in propelling Voyage Air Guitar’s success.

Shark Tank Pitch Details

During their pitch on Shark Tank, Jeff and Josh Cohen highlighted the benefits of Voyage Air Guitar’s folding feature. They demonstrated how the guitar can fold neatly into a compact size, making it ideal for travel and storage. The sharks were impressed by the innovation and quality of the guitars. Kevin O’Leary recognized the potential of Voyage Air Guitar and made an offer, but negotiations fell through due to disagreement on equity stakes.

Shark	Offer	Reasoning
Kevin O’Leary	$500,000 for 51% equity	Recognized the market potential and saw an opportunity to capitalize on the unique folding feature
Other Sharks	No offers made	Recognized the quality and innovation but did not see an immediate fit for their portfolios

Despite not securing a deal on the show, Voyage Air Guitar’s appearance on Shark Tank proved to be a turning point for the company. The exposure and publicity generated from the show led to increased sales and recognition in the music industry. Since then, Voyage Air Guitar has continued to thrive and has solidified its position as a leader in the portable guitar market.

Competitors and Future Success

While Voyage Air Guitar faces competition from other portable and innovative guitar brands, such as Journey Instruments, they have managed to establish a strong presence in the market. With over 200 retailers selling their products, Voyage Air Guitar has successfully proven their worth. Their revenue continues to exceed $1 million per year, showcasing their ongoing success in the industry.

One of the key factors contributing to Voyage Air Guitar’s future success is their collaboration with Fender, a prominent name in the guitar industry. This partnership further solidifies their position and opens up new opportunities for growth and expansion. By joining forces with Fender, Voyage Air Guitar can tap into a wider customer base and benefit from the reputation and expertise of a renowned brand.

Despite experiencing initial challenges on Shark Tank, Voyage Air Guitar has proven to be a game-changer in the business world. Their unique and foldable guitars have captured the attention of musicians and enthusiasts alike. With their innovative approach and commitment to quality, Voyage Air Guitar has set themselves apart from their competitors and positioned themselves as a leader in the market.