SoundBender Shark Tank Pitch
Rabbi Moshe Weiss invented the SoundBender, a simple piece of plastic that attaches to the iPad that makes them sound fantastic. He is always looking to help people and find solutions for them. He is solving a very real dilemma that could be impacting 70 million people worldwide.
The problem SoundBender solves is getting the speakers to point towards the user, instead of away on the back side of the iPad. it seriously improves the sound with both volume and quality.
SoundBender offers huge margins as well. The cost to make is $1 and it retails for $12.99. He has already sold seven thousand units in the first six months. It comes in multiple colors.
Rabbi Moshe Weiss cupped his hands around the iPod and noticed an improvement of the sound quality, so he went to work and designed the SoundBender.
SoundBender Episode Data
- Company: SoundBender –Website
- Entrepreneur: Rabbi Moshe Weiss
- Ask: $54,000 for 26% equity
- Episode Season 4 Episode 414
- Companies in this episode:
- First Aired: 01/13/2013
- Deal: Daymond John $54,000 for 40% equity.
What do the Shark Tank Investors say about SoundBender?
- Mark Cuban – thinks Rabbi has a nice little business, but he doesn't see it getting to twenty million in sales. He is out.
- Daymond John – says he cannot negotiate money, so what can they negotiate. Rabbi says we can negotiate the equity. Daymond asks for 40% at $56,000. Daymond says if Robert steps out his offer is going to change. He needs to answer.
- Kevin O'Leary – wants to know if Rabbi will license the product. Rabbi said he will not license it out to China for $.04 each. Kevin is out.
- Barbara Corcoran – asks how would she get her money back? Rabbi tells her he will write her a check. He says he does not want to do a royalty agreement. Barbara is out.
- Robert Herjavec – said Rabbi gave the best answer anyone has ever given when someone talks royalty. Beyond the presentation, Rabbi did not tell the Sharks how they are going to sell it. He responds he knows what has to be done. He responds he needs his connections. Robert wants to hear Daymond's answer. He offers $50,000 for 40% equity which is the same deal Daymond offers.
SoundBender after Shark Tank
I am sad to write that SoundBender founder, Rabbi Moshe Weiss, past away in 2016 of a heart condition. His product while simple is ingenious for the iPad user. SoundBender is available for sale on Amazon.