Father and son innovators and musicians Jeff and Josh Cohen pitch Voyage Air Guitar in Shark Tank episode 103.
They offer a high-quality guitar with a foldable neck that allows convenient transportation. A foldable neck allows the guitar to be more easily packed when traveling without compromising sound quality.
They wanted their firm to emphasize quality from day one when conceived in their little guitar shop.
They perfected and copyrighted the Voyage Air Guitar with the assistance of Harvey Leach, a guitar manufacturer since 1972. The Cohens believe that Voyage Air is “the future of guitar travel.”
What Is Voyage Air Guitar?
Voyage Air Guitars are unique in the world folding guitars. The hinge and guitar are well-designed, industrially manufactured, and patented. They contain neither nanotubes nor microchips.
The guitar bag simplifies the process of traveling with and carrying a guitar for guitarists. It retains its tuning even after being folded and unfolded.
Its innovative design allows it to fold in half completely, removing all hassles. The guitar folds compactly into a special carrying case the size of a regular backpack.
You can easily carry your guitar on your back while you’re on vacation, on a bike, or even in the airplane overhead compartment.
This portability does not come at the expense of the instrument’s quality. They are both visually stunning and sonically outstanding. The guitar is simply not made for travel.
Their size limits the acoustic capability of travel guitars; they are portable and designed for travel.
Voyage Air is a full-size guitar in its price range that sounds as good as any name-brand guitar.
|Company Name||Voyage Air Guitar|
|Entrepreneur||Jeff Cohen and Josh Cohen|
|Product||Foldable Neck Guitar|
|Investment Asking For||$500,000 for 5% equity in Voyage Air Guitar|
|Final Deal||No Deal|
|Episode||Season 1 Episode 3|
|Business Status||In Business|
Who Is The Founder Of Voyage Air Guitar?
Jeff Cohen and his son Josh designed a guitar. They refined the technique for folding guitars with the help of Adrian Bagale and Harvey Leach.
Jeff’s goal was and continues to be to create high-quality guitars that are extremely accessible and portable to accommodate the adventurous and fast-paced lifestyles that many artists lead.
The guitar is cleverly engineered to be bent on its neck; the strings can be tucked into the hole and stored or packed in a carry-all.
They have teamed up with various foreign distributors, which has contributed substantially to their profits and sales. In addition, they created portable Fender guitars in a partnership with Fender.
The company’s owners worked tirelessly to produce as many guitars as possible when it began manufacturing them.
The company sold 800 units for $500 apiece, generating $400,000.
Their product was very popular; however, strong demand meant they could not manufacture enough guitars to meet the demand.
They required additional capital to expand their business and build sufficient inventory. They decided they would audition for Shark Tank at that point, altering their lives forever.
Voyage Air Guitar Before Shark Tank
Josh Cohen and Jeff Cohen are the inventors and entrepreneurs behind Voyage Air Guitar.
They came up with the amazing idea that the guitar should keep up with the fast-paced and adventurous lifestyles most musicians enjoy.
Jeff and Josh introduce the musical world to the first guitar that bends its neck and lets the strings be tucked within a hole. The guitar can also be easily carried in the bag or stowed away.
Jeff and Josh stayed local during the development of the Voyage Air Guitar, and they worked hard to make as much of it as possible.
However, due to the guitars’ success and great demand, the Cohens found themselves in a pickle.
Guitars would be scarce if the businesses did not have the capital to expand. The two traveled to ABC’s Shark Tank to meet their financial obligations.
How Was The Shark Tank Pitch Of Voyage Air Guitar?
Jeff and Josh appeared on the Shark Tank, where Jeff discusses his need for money to expand his firm.
Jeff demanded an investment of $500,000 in exchange for 5% of Voyage’s company.
Josh plays a few riffs while the Sharks verbally object to the valuation.
Then they demonstrate how to fold the guitars in half. Mr. Wonderful checks to ensure that it remains in tune before Josh folds and stores it in its case. Josh does.
Jeff explains that the business has sold 800 units for total revenue of $400K, but it is cash flow negative.
Jeff defends his valuation in the face of doubt from the Sharks. Robert advocates licensing the patented hinge from existing guitar manufacturers.
Robert wants to acquire the patent rights first, but Jeff wants market acceptance first.
Jeff then announces he is selling 49% of the patent for $1 million. The Cohens are offered $500K for 51% of the business by Wonderful and are explained his licensing expertise.
Jeff states that he will not give up 51 percent, and Robert exits.
Kevin Harrington offers to participate in the sale. Mr. Wonderful continues his aggressive sales pitch.
Barbara and Daymond leave, and Jeff offers $500K for a 50-50 split.
Mr. Wonderful declares after Jeff declines, “you’re dead to me.”
The Cohens walk away from the Shark Tank without any deal.
Final Deal: No deal between Sharks and The Cohens.
What Happened To Voyage Air Guitar After Shark Tank?
The Voyage Air Guitar company achieved widespread exposure following the Shark Tank episode.
They established a network of retail dealers across the United States and selected a few overseas distributors, which helped increase sales and profit considerably.
Voyage Air was featured in a follow-up episode during the second season before making its first appearance.
The company’s overall net worth grew even more after being asked for an update by Good Morning America.
Jeff has since agreed to cooperate with Fender to develop portable Fender guitars.
Jeff Cohen’s company has thus become one of the most profitable and renowned businesses to ever emerge from the Shark Tank without forming a partnership with the sharks. The fortitude he displayed set an unmistakable example for startups and struggling companies.
Voyage Air has a website where you can order their folding guitars online, but it’s faster and cheaper to buy them directly from Amazon.com.
The company’s inventory is running low due to the company’s relocation, and supplies run out quite quickly. However, they anticipate having stock replenished very soon.
Voyage Air Guitar Shark Tank Update
Voyage Air Guitar was featured in episode 208 of season 2, in which they reported their debut in 200 retail locations across the country.
Josh and Jeff returned for a second episode in season three, proving that Mr. Wonderful did not entirely forget them.
The producers felt the agreement they struck was too complex for the piece to be broadcast.
Cohen maintains it was the largest transaction to date, even though it never aired! Mr. Wonderful secured a licensing agreement for Voyage Air Guitar with Fender, one of the world’s top guitar manufacturers, in the second episode of season 4.
Cohen created aIRx Medical, Inc. in 2017, a firm dedicated to developing medical devices that use ultraviolet light to destroy microorganisms within the body.
As of February 2022, Voyage Air Guitar is still going strong and has generated above $1 million in sales.
Is Voyage Air Guitar Still In Business?
Voyage Air Guitar is still in business as of 2022, with annual sales above $1 million.