Rock Bands Shark Tank Pitch
Lee Dahlberg has Rock Bands, trendy fashion accessories and welcomes Robin Leach in to help him pitch his product line. His stones come from a back stage equipment cage for each rock which are hand carved from healing stones. Bono, Johny Depp, President Bill Clinton, Angela Jolie, Brad Pitt, and more celebrities.
Each Shark gets their own Rock Bands from Lee Dahlberg. He says he is not a great guru of healing powers saying if it is a placebo that is fine.
Sales for Rock Bands is $350,000 over five years. and he signed a contract with an Italian company licensing his name of Rock Bands. They are giving him 40% of the profit from sales.
He had a purchase order for $150,000 that was cancelled after he made the product. The purchaser said sue us when he tried to enforce the agreement.
They cost $12 including the case to make, and wholesales at $50 and retails between $99-150. He is selling a dozen a week at the time of his pitch. He is litigating his trademark with Rock Bands.
Rock Bands Episode Data
- Company: Rock Bands – Website
- Entrepreneurs: Lee Dahlberg and Robin Leach
- Ask: $100,000 for 20% equity
- Episode Season 4 Episode 403
- Companies in this episode:
- First Aired: 09/27/2012
- Deal: Mark Cuban and Daymond John $100,000 for 40% equity
What do the Shark Tank Investors say about Rock Bands?
- Mark Cuban – wants to quantify that his challenge is fulfillment and back office which they have.
- Daymond John – is interested in the business. Daymond will go in with Mark offering $100,000 for 40%.
- Kevin O'Leary – offers to give him $100,000 for 100% of the company and pays a royalty of 7%. He wants to license the brand.
- Barbara Corcoran – thinks Lee is unlucky. Luck tends not to change around business. She offers to join Kevin O'Leary on his offer and Kevin accepts her offer to join. Barbara thinks that Lee's heart is not in it.
- Robert Herjavec – did not make an offer.
Rock Bands after Shark Tank
Lee Dahlberg is still selling Rock Bands, but the company is not promoted by either Mark Cuban or Daymond John. This deal fell apart in due diligence.