What Happened to Cab 20 Band After the Shark Tank pitch?

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What is the Cab 20 Band?

Cab 20 was a Los Angeles-based rock band led by vocalist and guitarist Bert Hoover, who was 18 at the time. Cab20 was a garage rock band who performed and created songs with elements of blues and stoner rock.

The band released two albums and a four-song EP in three years. Callahan has coordinated promotions and marketing for a variety of acts for “almost 25 years.”

Who is the Cab 20 Band’s Founder?

Tom Callahan, Cab20’s manager, is a music industry thought leader and veteran who has managed the careers of countless well-known musical groups.

He worked for and co-founded many record labels prior to founding his own music marketing agency.

Before starting Indie Advance, Callahan was the CCO of the music licensing website Songtradr.

To develop Cab20, Callahan worked closely with lead vocalist and guitarist Bert Hoover, as well as bassist Jason Silengo-Almanza.

Hoover wrote the lyrics and riffs for Cab20, while Silengo-Almanza managed the band’s online presence. Later, drummer Zack Cosby and guitarist Erik Lake were added to the lineup.

According to Callahan, Hoover was a young musical talent who grew as a songwriter while working with the band and by the age of 19 had a clear vision for the band.

Despite the fact that Hoover was the driving force behind the band’s success, Callahan referred to Cab20 as his brainchild.

Callahan created Cab20, utilizing his extensive expertise as a record manager and promoter to arrange live performances and record the CDs. Krish Sharma, a Grammy winner, was hired as producer.

What Happened to the Cab 20 Band During the Shark Tank Pitch?

Callahan appeared on Shark Tank season 3 episode 14 looking for a $200,000 investment in exchange for a 20% ownership in all future income streams. This translates to a $1 million valuation.

Cab 20 has “that ‘it’ aspect that differentiates them from other radio sounds,” he claims.

Mark Cuban is curious about the offer and whether it is a “360 deal.” Callahan explains that the offer includes a percentage of all money earned by the band’s activities, but he refuses to include publishing.

The Sharks have suffered a setback. Publishing permits band members to receive royalties on any future songs they write, whether they sing them themselves or license them out to other artists. Without the inclusion of publishing money in the agreement, Callahan’s status with the Sharks is insecure.

Despite like the band’s sound, Mark Cuban feels that “the music business is the worst business on the planet.” It scares the living daylights out of me.

As a result, I am departing.”

Daymond John had previously invested in a music contract, which nearly cost him a lot of money. He’s gone.

Barbara Corcoran is a fan of the band. She believes the lead singer “looks like a virgin,” that “the girls will be all over him,” that the drummer is a “John Lennon look-alike,” and that the band’s composition “feels true to me.”

Callahan, on the other hand, has left her cold. “You don’t strike me as a guy who can knock on doors and hustle,” she replies. She’s gone.

Kevin O’Leary makes a $200,000 offer, but he wants half of the potential earnings.

With no other offers on the table, Callahan responds with a request for another $100,000 at 40%. Robert Herjavec suggests collaborating with O’Leary, but only at the initial $200,000 for a 50% share.

Callahan wants a little stop to talk with the band. He answers with a cheaper offer: $250,000 for 50%.

Neither Shark is willing to make a move. Callahan refuses to bargain, and the Cab 20 band is forced to leave the Shark Tank without a deal.

What Became to Cab 20 Band After Their Shark Tank Pitch?

Despite the notoriety provided by Shark Tank and the subsequent publication of three albums, Cab 20 appears to have faded. Their social media hasn’t been updated since August of 2014, and the band’s website is no longer operational.

Despite Cab 20’s collapse, frontman Bert Hoover continues to make music.

He promotes his music on his Facebook page, Hooveriii. It just goes to show that bands never truly die; they simply reinvent themselves.

Bert is still doing music as of November 2021, with his band, Hooveriii, having released six albums.

They are still performing at nightclubs around the country. Because they’re musicians, they’re probably broke.

What is the Net Worth of Cab 20 Band?

Callahan appeared on Shark Tank season 3 episode 14 in quest of a $200,000 investment in exchange for a 20% ownership in all future income streams. This translates to a $1 million valuation.

Who are the Cab 20 Band’s Competitors?

Cab 20 Band has no competitors.

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Cab 20 Band FAQS

1. What year was Cab 20 Band’s Shark Tank Pitch?

Cab 20 Band was aired on May 11th, 2012.

2. Who founded Cab 20 Band?

Cab 20 Band was founded by Tom Callahan and Bert Hoover.

3. Where was the Cab 20 Band based?

Cab 20 Band’s headquarters are in Los Angeles, California, USA.

4. What does Cab 20 Band do?

Cab 20 Band is a pop/rock band that was founded by Tom Callahan.

5. How much money did Cab 20 Band ask for on Shark Tank?

Cab 20 Band asked for $200,000 in exchange for a 20% ownership in the business. This translates to a $1 million valuation.

6. What Shark Tank Sharks were willing to invest in Cab 20 Band?

Kevin were willing to $250,000 for 50% stake but Callahan refuses to bargain, and the Cab 20 band is forced to leave the Shark Tank without a deal.

7. What happened to Cab 20 Band after the Tank?

8. Where is Bert Hoover now after Cab 20 Band closed?

Bert Hoover is still doing music as of November 2021, with his band, Hooveriii, having released six albums.

They are still performing at nightclubs around the country. They’re presumably broke since they’re musicians.

9. What episode of Shark Tank was Cab 20 Band featured?

Cab 20 Band appeared on Shark Tank season 3 episode 14.