Voyage Air Guitar Shark Tank Update | Voyage Air Guitar after the Shark Tank Pitch
What is Voyage Air Guitar?
Voyage Air Guitars are full-size guitars with the ability to fold in half. This function allows you to travel with your guitar in a backpack-style bag while ensuring its protection.
It is the only one of its sort in the entire globe. It is a well-designed, factory-made, and patented guitar hinge. There are no nanotubes or microchips in it.
It can hold the tune when folded and then unfolded.
Who are the Voyage Air Guitars founders?
Jeff Cohen and his son Josh designed the guitar. They collaborated with Adrian Bagale and Harvey Leach, who assisted them in refining the folding guitar technology.
Jeff’s goal was and still is to manufacture high-quality guitars that are easily accessible and portable, in order to fit the adventurous and fast-paced lifestyle that many artists lead.
The guitar can bend on its neck thanks to a well-built hinge, the strings can be tucked into the hole, and it can be stowed or placed in an easy-to-carry travel case.
Currently, the two innovators and entrepreneurs have teamed with a number of foreign distributors, which has significantly increased their profit and sales.
They’ve also collaborated with Fender to create portable Fender guitars.
When the firm first began producing guitars, the proprietors operated locally and worked tirelessly to produce as many instruments as possible.
They sold 800 units at $500 apiece and made a total of $400,000 in sales.
However, owing to their product’s popularity and strong demand, they were unable to produce the guitars quickly enough to fulfil the demand.
They required additional financing in order to develop their business and generate enough inventory.
That is when they made the life-altering choice to go on Shark Tank.
What happen to Voyage Air Guitar at the Shark Tank Pitch?
Mr. Jeff Cohen and Josh Cohen appears on Shark Tank Season 1 Episode 3 in search of $500K in exchange for a 5% stake in his company, Voyage. This corresponds to a $10 million value.
As Josh plays a few chords, the Sharks verbally object to the valuation.
They then demonstrate how the guitars fold in half. Mr. Wonderful checks to see whether it stays in tune when Josh folds it up and places it in its case; it does.
Jeff indicated that they made $400,000 after selling 800 devices at roughly $500 apiece, but the firm remains cash flow negative.
The Sharks dispute Jeff’s value, which he supports.
Robert advises that current guitar manufactures license the patented hinge. Robert wants to acquire the patent rights first, while Jeff wants to establish commercial adoption first.
Jeff then announces that he will sell 49 percent of the patent for $1 million. Mr. Wonderful makes a $500K bid for 51 percent ownership of the company and demonstrates his licensing expertise to the Cohens.
Jeff refuses to give up 51 percent, and Robert walks away.
Mr. Wonderful continues his hard push, and Kevin Harrington offers to participate in the transaction. Barbara and Daymond go out, and Jeff offers $500K for a 50-50 split. After Jeff rejects, Mr. Wonderful exclaims, “You’re dead to me.”
Voyage Air Guitar after the Shark Tank Pitch
The firm received an update piece in season 2 episode 208, when they stated they have opened in 200 retail outlets throughout the country.
Jeff and Josh returned in season three to film a second piece, and it turns out they weren’t dead to Mr. Wonderful after all.
The piece was never shown because the producers believed the arrangement they struck was too intricate to broadcast.
Mr. Wonderful signed a license arrangement with Fender, one of the world’s top guitar manufacturers, in a second update section in episode 408 of season 4.
The firm is still in operation and generates $1 million in yearly sales as of July 2021.
Voyage Air Guitar Net Worth
The business is now estimated to be worth around $10 million.
Voyage Air Guitar Competitor
Catalinbread is the Voyage Air Guitar Competitor’s main competitor.
Voyage Air Guitar FAQS
What is Voyage Air Guitar?
Voyage Air Guitars are full-size guitars with the ability to fold in half. This function allows you to travel with your guitar in a backpack-style bag while ensuring its protection.
It is a well-designed, factory-made, and patented guitar hinge. There are no nanotubes or microchips in it. It can hold the tune when folded and then unfolded.
Who is the founder of Voyage Air Guitar?
Jeff Cohen and his son Josh designed the guitar. They collaborated with Adrian Bagale and Harvey Leach, who assisted them in refining the folding guitar technology.
How much were they seeking in the Shark Tank?
Voyage Air Guitar asked for $500,000 for 5% of the company.
How much did they get?
Mr. Wonderful offered $500,000 for 51% of the company but Jeff rejected and they left the Tank without a deal.
Where are voyage air guitars manufactured?
The guitars are made in China to Voyage-specifications, Air’s with final inspection and setup taking place at the company’s headquarters in Colfax, California, where the innovative hinge unit is also made.
Is Voyage Air Guitar still in operation?
Wonderful negotiated a licensing agreement for Voyage Air Guitar with Fender, one of the world’s top guitar manufacturers.
The firm is still in operation and generates $1 million in yearly sales as of July 2021.
What happen to the strings when the guitar is folded?
The string life of a Voyage Air Guitar is not decreased when the instrument is folded since the strings tuck into the sound hole.
The top is in perfect condition with no damage or scratches.
What kind of strings does Voyage Air Guitar use?
Their instruments come equipped with Light Gauge Strings, but customers are free to use any strings they like; nevertheless, for the greatest experience, they recommend replacing with OEM Voyage Air strings.
Can a Voyage Air Guitar be set up to their preference?
A Voyage Air Guitar, like any other acoustic instrument, may be easily customized to the customer’s playing style, string choices, and local environment.
On the headstock, the truss rod is hidden behind a plastic cover plate.
How much does Voyage Air Guitar costs?
The Voyage Air Guitar’s retail price is $500.
What is their warranty?
A Voyage Air Guitar comes with a one-year guarantee on the instrument and a lifetime warranty on the hinge mechanism.
How can they contact Voyage Air Guitar?
They can contact them through Tel: 1.925.290.8878 or email them at [email protected] or follow them on Facebook.
Where do they ship?
They ship anywhere in the world.
What payment options is available?
They take Visa, MasterCard, American Express, Discover, and PayPal payments from anywhere in the world over our secure server.
What is net worth of Jeff Cohen?
Jeff Cohen’s net worth is unavailable.
What are the strengths of Voyage Air Guitar?
The strengths of Voyage Air Guitar are that they are affordable while still offering choices of top quality. They are easy to travel with.
