The Voyage Air Guitar is a premium travel guitar with a foldable neck, allowing musicians to travel with ease without sacrificing sound quality. The founder claims it is the world’s first foldable guitar.
Company Name | Voyage Air Guitar | |
Founder | Jeff Cohen | |
Founded | 2009 | |
Product | Neck Foldable Premium Guitar | |
Asked For | $500k for 5% equity | |
Final Deal | No Deals | |
Shark | No Sharks | |
Episode (Shark Tank USA) | S1 E3 | |
Air Date | Aug 23th, 2009 | |
Business Status | In Business | |
Website | Visit Website | |
Headquarters | Livermore, California, USA | |
Lifetime Worth (Sales) | $7.5M *estimated | |
Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Voyage Air Guitar?
The founder and CEO of Voyage Air Guitar Company is Jeff Cohen. He is assisted in the business by his son, Josh. Both Jeff and Josh share a passion for playing guitar.
How Was The Shark Tank Pitch of Voyage Air Guitar?
Father and son duo Jeff Cohen and Josh Cohen entered Shark Tank seeking $500,000 for 5% equity in Voyage Air Guitar. They showcased a demo of their neck-foldable guitar, impressing the sharks with its sound quality. Kevin O’Leary tested the product himself and expressed his intent to buy it.
Jeff holds the patent for the neck-foldable mechanism of this guitar. Launched in January, the product sold 800 units within a few months, generating $400,000 in revenue, but they reported a negative profit.
Robert Herjavec suggested Jeff pursue a product licensing deal, allowing another guitar company to manufacture the neck-foldable guitar and pay royalties to the owner. While Robert aimed to profit from volume sales, Jeff emphasized the importance of making great guitars alongside generating revenue.
Jeff countered with an offer of $1 million for 49% equity. Kevin O’Leary proposed $500,000 for 51% equity, specifically for the patent, which Jeff declined. Robert then exited the deal. Kevin Harrington indicated his willingness to partner with O’Leary.
Barbara Corcoran expressed her nerves about the deal and opted out, while Daymond John also chose to exit. Jeff insisted that he would accept the offer only if it was adjusted to a 50-50 split; otherwise, he would decline.
Sharks | Offers |
---|---|
Barbara Corcoran | No Offer |
Kevin O’Leary | $500k for 51% equity of the patent (#1) (with Harrington) |
Robert Herjavec | No Offer |
Daymond John | No Offer |
Kevin Harrington | $500k for 51% equity of the patent (#1) (with O’Leary) |
Founder’s (Countered) | $1 million for 49% equity (#1) (Robert) $500k for 50% equity of the patent (#2) (Harrington & O’Leary) |
Final Deals | Offer Decline |
Voyage Air Guitar Shark Tank Update
Voyage Air Guitars did not secure a deal in Shark Tank, despite Kevin O’Leary offering 51% equity in the patent, which founder Jeff Cohen declined. Jeff left the tank without an agreement.
By 2011, the company’s neck-foldable guitars were sold in over 200 independent retail stores across the United States, thanks to the exposure from the Shark Tank episode, which significantly raised awareness of the product.
In 2012, Jeff Cohen signed a licensing deal with the world’s largest guitar company, Fender, alongside Kevin O’Leary. This partnership helped elevate the brand further. In 2017, Cohen founded AIRx Medical, Inc., a company specializing in manufacturing medical devices that utilize ultraviolet light to destroy pathogens in the body.
The company’s annual sales reached an estimated $1 million in 2022, with projections of $1.5 million for 2023.
Although Voyage Air Guitars did not receive a deal on Shark Tank, its sales grew significantly in the following years, reaching millions of dollars. However, profitability remained a challenge, prompting Kevin O’Leary to join the company in 2012. We are currently following the founders and their business for further updates.
What Is Voyage Air Guitar’s Net Worth?
Voyage Air Guitar’s net worth is estimated at $5 million. The global guitar market is valued at approximately $11.09 billion, with a growing demand for guitar-friendly instruments, despite their higher price point.
Annual Revenue by Years
Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.
Years | Annual Revenue |
2024 | $ *estimated |
2023 | $1.5 *estimated |
2022 | $1 *estimated |
2009-21 | $5M *estimated |
Funding Reports to Date!
Years | Funding Amount | Investor |
2012 | N/A | Kevin O’Leary |
The company’s headquarters is located in Livermore, California, United States, and it employs between 11 and 50 people, according to its LinkedIn profile.
Yes, Voyage Air Guitar is Still in business as of 2024.