Origaudio Portable Speaker Update | Shark Tank Season 2

Entrepreneurs Michael Szymcak and Jason Lucash pitched their speaker company during Shark Tank Season 2. Origaudio makes mini portable speakers that can attach to most objects to create a larger speaker. They’re revolutionizing the speaker industry, but will the sharks hear what they like? Find out in our Origaudio update.

If you’re short on time, here’s a quick overview of what happened to Origaudio after Shark Tank!

Michael Szymcak and Jason Lucash appeared on Shark Tank Season 2, and made a deal with Robert Herjavec in the amount of $150,000 for 15% equity in their company. In terms of a Origaudio update, the company is still in business. although it was sold in 2018. Michael and Jason still hold leadership roles, and the company is reported to have a yearly revenue of $190 million.

Shark: Result:
Robert Herjavec  Accepted deal for $150,000 for 15% equity
Daymond John  $300,000 for 100% of the business
Barbara Corcoran  $150,000 for 25%
Kevin O’Leary No offer
Mark Cuban  No offer

Shark Tank Origaudio Update

Origaudio update

  • Entrepreneur: Michael Szymczak and Jason Lucash
  • Business: Portable speakers and headphones 
  • Ask: $150,000 for 15% equity
  • Result: $150,000 for 15% equity
  • Shark: Robert Herjavec

Michael and Jason walk into the tank to introduce their company, Origaudio. They present the Rock-It to the sharks, showing them how this device helps to turn anything into a speaker through vibration technology.

OrigAudio Rock-IT 2.0 Portable Vibration Speaker with Standard 3.5mm Jack. Model ROCK-IT-WH
  • Turn any object into a speaker 
  • Works with any audio device that has a headphone jack 
  • Perfect for: traveling, office, around the house, and anywhere you want your music 
  • No Speakers? No Problem

We earn a commission if you make a purchase, at no additional cost to you.

No matter what the Rock-It is stuck to, it produces sound as a transducer. They also show the sharks their original foldable speakers.

Robert Herjavec asks about sales, and the entrepreneurs say they’ve been on the market for a year, and further, have achieved $750,000 in sales. Additionally, $250,000 of those sales have been through the Rock-It.

Also, the net profit for the previous 12 months were $150,000.

Barbara Corcoran asks how much money they’ve invested altogether. Jason says they’ve put in $40,000, which also includes an investment from his mom.

Kevin O’Leary is curious about the high valuation of the company. He thinks the industry is too competitive, so for this reason, he is out.

Barbara asks if they need to show people how it works. Jason says they are going to invest in point of sale in stores, and that their current biggest channel is TV.

They are retailing through QVC, which impresses the remaining sharks. 

However, Mark Cuban is also wary of the valuation. He does not want to enter a bidding war with the other sharks, and asks Michael and Jason to counter with a different percentage for the $150,000, without considering anyone else.

This bothers the other sharks, who immediately enter the bidding session.

Daymond John offers $300,000 for 100% stake, then Barbara offers $150,000 for 25%.

Robert says he’ll give Michael and Jason their ask of $150,000 for 15% equity. Mark goes out because his condition isn’t met.

Barbara says she will bring both her expertise, and an ideal partner in New York City. Then, Kevin summarizes the offers on the table.

Michael and Jason eventually go outside the room to talk about what to do. When they finally return, they accept Robert’s offer of $150,000 for 15%.

What do you think happened following Shark Tank? Keep reading our Origaudio update to find out more. 

Our Origaudio update shows that the company is one of the most successful in Shark Tank history. Although, the deal with Robert never materialized because sales doubled between shooting the episode and the air date.

The business continues to operate today, even though it was sold in 2018 to Hub Promotional Group, for an undisclosed amount. Then, it rebranded to HPG in 2020, and reports indicate $190 million in yearly revenue.

Both Michael and Jason continue to hold leadership roles within the company. The company has also continued to grow their line of products over the years. 

Additional products include wireless headphones, drones, bags, and much, more more! You can check out the products on the Origaudio website.

If you are curious about the other companies appearing in Season 2 Episode 8, follow the links below to see how they did in the tank. 

For even more on companies and products, be sure to stop by our Season 2 Products Page!

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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!