What Happened to Rock Bands After the Shark Tank Pitch?
What is Rock Bands?
Rock Bands are one-of-a-kind pieces of jewellery that have healing stones embedded in magnificent leather bands.
They emanate positivity and are an excellent complement to the fashion industry.
The bracelets are made from animal hides such as python, crocodile, tree snake, and calf skins.
There are around 40 different types of stones used in various rock bands; Dahlberg believes in the new-age concept of stones having unique capacities to promote well-being.
Who is the Founder of Rock Bands?
Lee Dahlberg founded the Rock Bands. Lee established his own band and learned that there was a market for it when everyone who saw it wanted one.
Before participating on the show, Lee Dahlberg was a fashion model, and his expertise and excitement for the industry inspired him to sell his house and start the enterprise.
Lee first received queries from shops about his invention. Several challenges, however, beset Lee over the almost five years he spent creating his firm, resulting in less sales than he had planned.
What Happened to Rock Bands at the Shark Tank?
Dahlberg appeared on Shark Tank season 4 episode 3 in search of $100,000 in return for a 20% share in his company. This represents a $500,000 valuation.
Lee started by explaining that his product is exactly what it sounds like: stones on bands. He did, however, acknowledge that the stones have “healing powers.”
Mr. Robin Leach, a well-known affluent man, appears and begins marketing the goods, which has the Sharks laughing and engaged.
Several celebs, including Bono, Johnny Depp, Brad Pitt, Angelina Jolie, and Jack Nicholson, wear them, according to him.
Lee then revealed that he made $300,000 over a five-and-a-half-year period, infuriating the Sharks.
Lee sought to assuage this concern by revealing that a recent Italian company had licensed the product name “Rock Bands” to him in America, with Lee earning 40% of sales.
Lee raised another red flag when the company cancelled a $150,000 purchase order and Lee did nothing to lawfully reopen the contract.
The Sharks were amazed when Lee indicated that the whole set costs $12 to build, $50 to wholesale, and $100 to $150 to retail.
Lee also indicated that the cash were needed to modernize his website and hire attorneys to battle trademark infringement, such as shirts that say “Rock Bands.”
Mr. Wonderful wants to license rock musicians and offers Lee $100,000 in exchange for 100% ownership of the company and a 7% lifetime fee. Barbara expresses a desire to collaborate with Kevin, which he enthusiastically welcomes.
Due to a previous successful investment in a similar firm, Daymond was fascinated by the potential and offered Lee $100,000 in return for a 40% stake in the company if Mark would join, which he did.
Following some back and forth negotiating, Lee accepts Mark and Draymond’s offer.
What Happened to Rock Bands After the Shark Tank Pitch?
The deal with the Sharks never came to fruition. Aside from a website refresh, the company has stayed mostly intact since its beginnings.
Since the episode originally aired, their Facebook page has likewise been barren of updates.
Dahlberg made his stand-up comedy debut at the Hard Rock Casino in November 2012. Dahlberg is also a model. He doesn’t seem to have really grasped the Shark Tank Effect.
Dahlberg’s website was shut down in 2021. He continues to sell them on his personal website. Dahlberg also sells Son of a Bench bespoke and remanufactured furniture.
He has a net worth of $17 million and continues to model.
What is the Net Worth of Rock Bands?
Dahlberg appeared on Shark Tank season 4 episode 3 in search of $100,000 in return for a 20% share in his company. This represents a $500,000 valuation.
They accepted Daymond and Mark’s $100,000 offer for 40% stock, valuing it at $250,000. The transaction did not go through.
Who are the Competitors of Rock Bands?
There were no competitor identified for Rock Bands.
What Happened to Scholly After the Shark Tank Pitch?
What Happened to Addison’s Wonderland After Shark Tank?
Rock Bands FAQS
What were the physical attributes of the bracelets?
Rock Bands are made of various hides, such as python, crocodile, tree snake, and calf skins.
Who founded Rock Bands?
Lee Dahlberg founded the Rock Bands. Lee established his own band and learned that there was a market for it when everyone who saw it wanted one. Before participating on the show, Lee Dahlberg was a fashion model.
Who was the retail price for Rock Bands?
Lee indicated that the whole set costs $12 to build, $50 to wholesale, and $100 to $150 to retail.
Where can they buy Rock Bands?
Dahlberg’s website was shut down in 2021. He continues to sell them on his personal website. Dahlberg also sells Son of a Bench bespoke and remanufactured furniture.
How much was Lee Dahlberg seeking in the tank?
Lee Dahlberg was $100,000 in return for a 20% share in his company. This represents a $500,000 valuation.
Did Rock Bands get a deal from the Shark Tank?
Lee Dahlberg accepted Daymond and Mark’s $100,000 offer for 40% stock in the Rock Bands, valuing it at $250,000. The transaction did not go through.
What happened to Rock Bands after the Shark Tank?
The deal with the Sharks never came to fruition. Aside from a website refresh, the company has stayed mostly intact since its beginnings.
Is Rock Bands still in business?
Dahlberg’s website was shut down in 2021. Dahlberg continues to sell them on his personal website and has a net worth of $17 million. He does not seem to have really grasped the Shark Tank Effect.
When was Rock Bands aired on Shark Tank?
Rock Bands appeared on the Shark Tank season 4 episode 3 on September 28th, 2012.
Where were Rock Bands located?
Rock Bands was located in Hollywood, Florida.
