Founded by Jeff Cohen and his son Josh, Voyage Air Guitar is a company that primarily sells probably the most unique and innovative guitars. These guitars are industrially manufactured, well-designed, and patented. Voyage Air Guitar net worth is around $10 million.
|Company name||Voyage Air Guitar|
|Voyage Air Guitar Net Worth||$10 million|
|Founders||Jeff Cohen and Josh Cohen|
|Business status||In business|
|Product(s)||Foldable neck guitars|
Voyage Air Guitar Net Worth
When Mr. Jeff Cohen and his son, Josh Cohen, appeared on Shark Tank, they were in search of a deal of $500,000 in exchange for a 5% stake in the company. This meant that Voyage Air Guitar net worth was $10 million, and it has remained largely unchanged.
Voyage Air Guitar History
The founders of Voyage Air Guitar are Jeff Cohen and his son, Josh Cohen. They both designed the guitar and then collaborated with Adrian Bagale and Harvey Leach, who helped them in refining the guitar.
Jeff Cohen planned to produce guitars that were not only high quality but also easily accessible and portable. Jeff thought that this would greatly help artists who have a fast-paced lifestyle.
Shortly after establishing the firm, the father-son duo worked tirelessly to produce a vast number of guitars. Though, because of the company’s rapidly increasing popularity, they could not keep up with the demands and could not produce enough instruments in the due time. They needed additional financial help that would help them develop and expand their business.
After their initial collaboration with Adrian Bagale and Harvey Leach helped them refine their products, they teamed up with some other distributors as well which helped them increase their sales and revenue. Apart from that, they collaborated with Fender to create portable Fender guitars.
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Voyage Air Guitar Shark Tank Deal
Jeff Cohen and Josh Cohen enter Shark Tank, searching for a deal of $500,000 in exchange for a 5% stake in the company. Josh plays a few chords and demonstrates how the guitars can be folded in half. However, the Sharks dispute the valuation of the company.
Jeff then states that he will sell 49% of the company for $1 million. Kevin O’Leary, also known as Mr. Wonderful, bids $500,000 for 51% ownership of the firm, but Jeff refuses and walks away without any deal. As Jeff Cohen walks away, Mr. Wonderful exclaims, “You’re dead to me.”
Though, even after being called ‘dead’ by Mr. Wonderful, it seems as if the company was not that dead after all, as since then, the company has opened around two hundred outlets throughout the USA and generates about 1 million dollars annually.