Traveling through a new city is fun, but you may be left wondering about its history. That’s why Woody Sears has developed an audio app that turns smartphones into tour guides, featuring celebrity voices to enjoy. Will his company earn a deal on
Shark Tank Autio Update
- Entrepreneurs: Woody Sears
- Business: Mobile audio travel app
- Ask: $1,000,000 for 5% equity
- Result: No deal
- Sharks: None
Woody brought his travel narration app, Autio to
Kevin O’Leary wanted to know about the valuation. Woody told the sharks that his company generated $200,000 in gross revenue in 2021 and more than $700,000 in the 2022 calendar year.
Even more, Woody told the sharks that he had some other investors that were buying in at a higher valuation and that the sharks were being offered a discount.
The sharks seemed to be impressed by these sales figures, but most of them couldn’t quite get over the high valuation.
All of the sharks dropped out except for Kevin O’Leary, who offered $1 million for 15% equity. Woody managed to get him negotiated to 10% equity, but even then wouldn’t accept the deal, so he simply decided to walk out.
What became of his company after the show? Keep reading our Autio update to find out!
We have great news to share in our Autio update! The company is still in business and gained a massive following after airing on
With the influx of subscribers, Woody should be able to continue to build out the library of stories and grow the audience. When we get more news on an Autio update, we will let you know.
Find out more about the app on the Autio website.
Do you want to learn about the other companies featured in Season 14 Episode 17? Follow the links below for our other company updates from the episode.
For even more on companies and products, be sure to stop by our Season 14 Products Page!
Jeremy is a regular contributor at Shark Tank recap. He has a ton of passion for the show and enjoys researching information about what all the companies are up to now. His favorite Shark Tank companies are The Cookie Dough Cafe and Kronos Golf!