Voyage Air Guitars is a premium guitar manufacturing company that mainly produces neck foldable guitars. This is considered a perfect guitar for travel. The founder and CEO of this company is Jeff Cohen. It was founded in 2009.
Jeff and his son Josh appeared on Shark Tank Season 1 Episode 3 and asked the Sharks for $500,000 for 5% equity at a $10 Million Valuation. Jeff declined the Sharks’ offer because they wanted a stake in the patent licensing of the product.
What Is Voyage Air Guitar?
The Voyage Air Guitar is a premium neck foldable travel guitar. This neck foldable guitar can be traveled with without sacrificing the sound quality. The founder says that this is the world’s first foldable guitar.
|Voyage Air Guitar
|Neck Foldable Premium Guitar
|$500k for 5% equity
|Episode (Shark Tank USA)
|Aug 23th, 2009
|Livermore, California, USA
|Lifetime Worth (Sales)
|Buy and Watch
Another Shark Tank Pitch
Who Is The Founder Of Voyage Air Guitar?
The founder and CEO of Voyage Air Guitar Company is Jeff Cohen. Josh is helping his father Jeff in his business. Apart from this, both of them also like playing guitar.
How Was The Shark Tank Pitch of Voyage Air Guitar?
Father and son Jeff Cohen and Josh Cohen entered Shark Tank and asked the sharks for $500k for 5% equity. They gave a demo session of their neck foldable guitar and the sharks liked its sound quality very much. Kevin O’Leary tested the product himself and said he would buy it.
Jeff holds the patent for the neck foldable mechanism of this guitar. This product was launched in January and 800 units were sold out within a few months. They made $400,000 by selling 800 units, making their profit negative.
Robert Herjavec told Jeff to make a product licensing deal so that another guitar company could make a neck foldable guitar and its royalty would go to the owner. Robert said that I don’t want to make great guitars, I want to make a lot of money but Jeff said that along with making great guitars, also make money.
Jeff offers Robert $1 million for 49% equity. Kevin O’Leary offered $500k for 51% equity of the patent only. Jeff said he didn’t want to give 51%. Robert said he was out. Kevin Harrington said that he would come with Kevin O’Leary in this deal.
Barbara Corcoran said that she is nervous right now about this deal. So she is out. Daymond John was also out. Jeff said that he would accept this offer if it was 50%-50% otherwise he would not accept the deal.
|$500k for 51% equity of the patent (#1) (with Harrington)
|$500k for 51% equity of the patent (#1) (with O’Leary)
|$1 million for 49% equity (#1) (Robert)
$500k for 50% equity of the patent (#2) (Harrington & O’Leary)
What Happened To Voyage Air Guitar After Shark Tank?
Voyage Air Guitars did not get a deal in Shark Tank although Kevin O’Leary offered 51% equity of the patent but Jeff declined the offer. Founder Jeff left Shark Tank without getting a deal.
By 2011, this company’s neck fold guitars were being sold in 200+ independent retail stores in the United States. Because this episode of Shark Tank made this product known nationwide.
In 2012, Kevin O’Leary signed a deal with this guitar brand. In 2012, Jeff and Mr. Wonderful signed a licensing deal with the world’s biggest guitar company, Fender. In 2017, Cohen founded AIRx Medical, Inc., a company that primarily manufactures medical devices that destroy pathogens in the body using ultraviolet light.
The company’s annual sales in 2022 were estimated at $1 million, and annual sales in 2023 were estimated at $1.5 million.
Voyage Air Guitar Shark Tank Update
This company did not get a deal in Shark Tank but after that many people bought the company’s guitars and within a few years the sales reached millions of dollars. However, the company was not becoming that profitable, so in 2012, Kevin O’Leary joined this company. Right now we are following the founders and their business for more information.
What Is Voyage Air Guitar’s Net Worth?
Voyage Air Guitar’s net worth is estimated at $5 million. The global size of the guitar market is $11.09 billion and currently, the demand for guitar-friendly guitars is gradually increasing although it is also expensive.
Is Voyage Air Guitar Still In Business?
This guitar business is still in existence and most of the sales of their neck fold guitars are in retail stores. Hopefully, Jeff will be able to make millions of dollars from this business in the future.
The headquarters of this business is Livermore, California, United States and it employs 11-50 employees as per its LinkedIn profile.
Yes, Voyage Air Guitar is Still in business as of 2024.
frequently asked questions
Who founded Voyage Air Guitar?
Voyage Air Guitar was founded by Jeff Cohen.
Did Voyage Air Guitar get a deal on Shark Tank?
No, Voyage Air Guitar didn’t get a deal on Shark Tank.