Voyage Air Guitar Update | Shark Tank Season 1

Josh and Jeff Cohen recognized that guitarists often struggle to transport full-sized guitars. To solve this problem, they created the Voyage Air Guitar, a high-quality guitar with a foldable neck. By focusing on sound quality and securing a patent, the Cohens aimed to revolutionize how musicians travel with their guitars. Let’s see if their company can secure a deal in our Voyage Air Guitar update and pitch recap.

If you’re short on time, here’s a quick overview of what happened to Voyage Air Guitar after Shark Tank.

Josh and Jeff entered Shark Tank Season 1, seeking $500,000 in exchange for 5% equity in their foldable guitars. After making their presentation, they left without a deal.

In terms of a Voyage Air Guitar update, the company is still in business and has launched in 200 retail stores nationwide. In a surprising twist, Kevin O’Leary later partnered with the company in a Shark Tank update segment, helping them secure a licensing agreement with Fender.

Shark	Result
Kevin O’Leary	$500,000 for 51% equity
Robert Herjavec	No offer
Kevin Harrington	No offer
Daymond John	No offer
Barbara Corcoran	No offer

Shark Tank Voyage Air Guitar Pitch

• Entrepreneurs: Josh Cohen and Jeff Cohen
• Business: Foldable Guitars
• Ask: $500,000 for 5% equity
• Result: No deal
• Sharks: None

Josh and Jeff presented their Voyage Air Guitars on Shark Tank, seeking an investment to increase inventory. They have already sold 800 units but are struggling with cash flow to meet growing demand.

Voyage Air Guitar is a portable acoustic guitar featuring a foldable neck, which allows for more compact packing. 

This design addresses the challenge of transporting full-sized guitars without compromising sound quality. It’s ideal for musicians who travel often and need an easy solution for transporting their instruments.

While sales reached $400,000 from 800 units sold, the company surprisingly encountered negative cash flow. The sharks questioned the valuation, but Jeff defended it. 

Robert Herjavec proposed licensing the patented hinge to existing guitar manufacturers.

Jeff countered that they should demonstrate market demand first, but Robert offered to buy the patent outright.

In response, Jeff proposed a 49% stake in the patent for a million dollars.

Mr. Wonderful (Kevin O’Leary) offered $500,000 for 51% of the business, citing his licensing expertise. Jeff refused to give up 51%, and Kevin withdrew from the negotiations. 

Kevin Harrington offered to join the deal, but Barbara Corcoran and Daymond John declined to invest as well. 

Jeff proposed a 50-50 deal for $500,000, but Mr. Wonderful rejected it, saying, “You’re dead to me.”

Ultimately, none of the sharks made an offer, leaving Josh and Jeff without a deal.

Now that we understand how the negotiations on Shark Tank concluded, let’s get a Voyage Air Guitar update to see how the company is doing.

Shark Tank Voyage Air Guitar Update

Our research on the Voyage Air Guitar update found that the company received an update segment in Season 2, during which they revealed their launch in 200 retail stores nationwide. 

In Season 3, the company returned to Shark Tank, leading to a partnership with Kevin O’Leary, which was finalized in Season 4. 

Kevin helped the company secure a licensing agreement with Fender, one of the world’s largest guitar makers.

Despite a complex deal in Season 3 that never aired, Jeff considers it their biggest achievement. The partnership with Fender included a market test of a limited run of Fender Voyage Air Guitars.

Today, our Voyage Air Guitar update found that the company thrives, offering a diverse line of high-quality, foldable guitars.

Their products are available on their well-maintained website and Amazon, and they generally receive good reviews. 

The company has grown to around $1 million in annual revenue.

We are calling this Voyage Air Guitar update a success.

For more on Shark Tank Season 1 Episode 3, check out the links below:

• Turbobaster
• Chopstick Art
• Stress Free Kids
• 50 State Capitals in 50 Minutes

Before you go, check out our Shark Tank Season 1 page for more updates.