What is RokBlok & RokBlock Worth in 2020/2021? | What Happened to RokBlok After Shark Tank? | How Does RokBlok Work?
What is RokBlok?
RokBlok is a wireless portable record player that write on top of a record and it works has a built-in speaker its Bluetooth capable
RokBlok is a new portable speaker that lets you listen to your music with friends, even if they’re not in the room.
The RokBloks are Bluetooth-enabled and connect to each other wirelessly up to 100 feet away.
You can also link them together by attaching one RokBlok’s strap onto another, allowing for multi-speaker sound from just two devices!
In December 2017, Logan Riley, the inventor of RokBlok, appeared on Shark Tank to pitch his company, RokBlok by Pink Donut. Riley was looking for $300,000 in exchange for a 15% stake in the company.
Logan Riley sold 100 percent of his company and was offered a six-figure salary and a two-year contract to continue working on it, as well as a $5 royalty on each unit sold.
RokBlok (portable record player) orders jumped from a few to a couple hundred per day shortly after the Shark Tank show aired.
The RokBlok manufacturing cost is $23 and its selling price is $99.
Who invented is RokBlok?
The founder of RokBlok is Logan Riley who asked for $300,000 asking price for 20% equity to an investor on Shark Tank.
Logan Riley is a charismatic 29-year-old communicator from Las Vegas who now calls San Francisco home.
He spent five years at Apple as a Creative Education Lead.
After leaving a position at Apple as a Creative Lead, entrepreneur and RokBlok inventor, Logan Riley, began his ideas company called the Pink Donut.
Logan didn’t give up because his initial product didn’t take off; instead, he went on to his next concept, the RokBlok.
Features of RokBlok
RokBlok is Portable
RokBlok, which is only 4 X 2 inches long, may be used to listen to your favorite records everywhere there is a flat surface.
RokBlok is simple to Operate
It’s as simple as “Place & Play” to use RokBlok. To begin playing, simply insert RokBlok on a record and raise the control lever.
45 RPM & 33 13 RPM Records
Ps? LPs? Singles? Yep. RokBlok can play them all.
RokBlok is Completely Wireless
Up to 30 feet away, stream your music wirelessly to any Bluetooth speakers or headphones.
RokBlok has a built-in analog speaker
The strong built-in speaker in RokBlok gives a clean analog listening experience wherever you are.
Battery that can be recharged
On a single charge, you may listen to your favorite music for up to 4 hours.
How did Logan Riley pitched RokBlok to Shark Tanks?
Logan Riley, founder and CEO of RokBlok, pitched their product on the hit show Shark Tank. The company was seeking $300k in exchange for 15% equity.
He began his pitch by inquiring about the sharks’ ability to recall vinyl records after the contents have been removed from the sleeves.
After that, he shows how to use the world’s first wireless record player.
Logan Riley was able to get Investor Robert Herjavec on board for his product. He was offered $500,000 by Herjavec in exchange for 100% ownership of the company, a six-figure salary for two years, and a $5 royalty on every sale.
The invention of RokBlok is to create an affordable speaker that can be easily transported anywhere.
It’s made out of wood and it can be used as a stand for your phone or tablet too! It also comes with Bluetooth technology so you don’t have to worry about wires when playing music from your device!
This product is perfect for any outdoor enthusiast who loves music or just wants something new to bring their sound system outside!
What Happened to RokBlok After Shark Tank?
After Shark Tank, RokBlok had a high number of sales. Since appearing on Shark Tank, RokBloks have been sold across the country.
They offer a complete line of products including bluetooth-enabled speakers, record players and hundreds of vinyl records to play on them!
The company continues to grow as it expands its product line and adds new countries to its shipping options.
After RokBloks were featured on Shark Tank, the company went through several changes.
These included new colors for their product line, more styles of wheels, and a change in the model’s packaging.
RokBloks are available for purchase all across California on Amazon.com.
The Rokbloks themselves are made in the USA and been sold on Shark Tank and Shark Tank cast members have been able to buy them for themselves on Amazon.com, as well.
RokBlok has been in high demand and is currently out of stock. Despite this, people are excited, they are ready to wait, and the company is offering a $10 discount off the initial $99 device pricing.
The company is currently doing well, and it is cooperating with musicians and the music industry to explore new potential.
The business was slowed related to manufacture and shipments because to the 2020 pandemic.
What is Is RokBlok?
RokBlok is a small device that has been in the market for the last four years to create an innovative, sleek and fun music player.
It is a portable record player which you can attach to your belt loop or backpack. It’s been described as an “intimate speaker” because of the way it creates music from vinyl albums.
RokBlok is a portable record player, which is powered by a rechargeable battery. Using the RokBlok, you can attach it to your belt loop or backpack and listen to your favorite songs with friends and family over Bluetooth.
RokBloks are Bluetooth enabled speakers with two large wheels on each side. The speaker connects wirelessly to any phone, tablet or computer and can be connected up to three devices at once.
This allows users to play their favorite songs from all of their devices through one speaker!
Robert Herjavec, one of the Sharks, was so taken with the product that he contributed $500,000 for 100 percent of RokBlok’s ownership, effectively completing the buyout.
What’s Inside the RokBlok?
RokBlok comes with a little remote that can control the volume and switch songs. It has a built-in rechargeable battery, support Bluetooth connectivity, and it uses a 3.5mm auxiliary cable to connect with other devices.
- Built-in Bluetooth Connectivity
- Rechargeable Lithium Battery
- Powerful Built-in 2″ Speaker
- Built-in Pre-Amp
- Bamboo & MDF Construction
- Plays 33 ⅓ and 45 RPM Records
- Vinyl-Safe Rubber Wheels
- Diamond-Tipped Cartridge
Is RokBlok profitable?
Rokblok has been profitable from the moment it hit the market.
RokBloks are sold at $99 per unit, and they are also available in bundles which contain vinyl records to play on your bloks.
RokBlok is currently running a series of promotional sales on their website, where you can buy three RokBloks for $200!
Furthermore, the company is currently offering $10 off the original price of $99 for each RokBlok, which might explain why they are currently sold out.
What is rokblok worth in 2020 /2021?
RokBlok estimated valuation is $5,000,000 USD in 2020 and $5,300,000 USD in 2021
How Does RokBlok Work?
The RokBlok record player is the smallest, most compact, and cordless record player in the world.
RokBlok is the world’s smallest wireless record player that plays records by lightly riding on top of them.
Atop an album is a 4X2-block bamboo packaging (3.2 ounces). When you pull the lever on the RokBlok, it spins and plays vinyl records.
What was the deal?
Riley was offered $500,000 by Herjavec in exchange for 100% ownership of the company, a six-figure salary for two years, and a $5 royalty on every sale.
What Happened to RokBlok After Shark Tank?
Since the Shark Tank appearance, orders for RokBlok (portable record player) orders jumped from a few to a couple hundred per day.
Orders for RokBlok (portable record player) continue to rise, but now around $50-$100 per unit sold.
How do you revive a vintage vinyl collection?
Many people wished to revive their vinyl collection using a portable device that took up less space, amplified sounds and was affordably priced.
Thus, RokBlok, the result of this magical process, was created.
What is the best way to use RokBlok?
RokBlok is a gadget that spins around on top of a vinyl record while the music is playing.
It’s a small block that rides along your records, serving as both needle and speaker to play back audio.
The first thing he does is turn it on and lay it over a recorded track.
The RokBlok is advertised as the world’s tiniest wireless record player, and it’s all about enjoying vinyl records without the bother. It’s approximately the size of a stick of butter.
What are the chances of extensions?
Even though we’ve been tirelessly working on the idea generation, design and prototype for RokBlok, there is always a chance of extensions in manufacturing and shipping dates.
What’s the best deal on RokBlok Record Player?
You can get the full featured RokBlok Record Player at 20% off of the retail price ($99)!
What are the problems with RokBlok?
Following a storm of negative reviews and headlines, RokBlok has managed to finish the year well while recovering the trust of consumers and retailers.
Following the shipment of the malfunctioning product in early January, technology critics and customers panned the RokBlok for its poor sound quality, lack of creativity, and impractical design, prompting a barrage of negative reviews and headlines.
What was the cause of RokBlok’s first defect?
The cause of the defect was later found to be due to a factory rush on holiday orders and a defect in the injection mould. Unfortunately, it happened right as the product launched.
What are the drawbacks of RokBlok?
One of the biggest downsides of vinyl is the inconvenience of using it on the go.
What was the idea for Prototyp?
Riley came up with a fantastic design to play old vinyl records with a “Blok” that is a small portable music player with a pair of speakers (Even Bluetooth).
If you have still tucked old sound records in a safe place then we have a fabulous invention that brings your old records to life.
What happened to RokBlok?
Robert Herjavec, one of the Sharks, loved the product and made an investment of $500,000 in exchange for 100% of the equity in RokBlok resulting in a complete buyout.
What was the offer?
Offered Riley 2 years of contract with a handsome six figure salary and $5 royalty per unit sold.
What was Riley’s salary?
Riley was given a two-year contract with a six-figure salary and a five-dollar royalty on each unit sold.
Who is the investor?
The investor’s name is Robert Herjavec.
How much does the product cost?
The manufacturing cost is $23 and the product is priced at $99.