|SEASON 9 EPISODE 13|
|Pitch||Wireless portable record player|
|Asked For||$300,000 for 15%|
|Deal||$500,000 for 100%|
What is Rokblok?
At 4 x 2 inches long, the Rokblok is the smallest, wireless portable record player.
It’s vinyl-safe rubber wheels makes it capable of playing 33 1/3 and 45 RPM records while the built-in analog speakers delivers a pure analog sound.
Other features include the diamond-tipped cartridge, bamboo and MDF construction, and bluetooth functionality from up to 30 feet away.
Who Owns RokBlok?
Rokblok was founded by Logan Riley, a former Creative Lead at Apple. Today, he runs the Pink Donut, the ideas company behind the Rokblok.
After leaving a position at Apple as a Creative Lead, entrepreneur and Rokblok inventor, Logan Riley, began his ideas company called the Pink Donut.
His first few projects were unsuccessful but Rokblok was an instant hit.
In late 2016, Logan took the idea to Kickstarter where the campaign surpassed its $50,000 goal with over $350,000 from 3615 backers.
In 2017, Rokblok was featured was on Shark Tank where Logan accepted a deal from Robert Herjavec and became one of a few businesses on the show to have been offered a complete buy out.
What Happened After Shark Tank Update
Did RokBlok get a Deal on Shark Tank?
Logan Riley and the Rokblok had become the epitome of the success every entrepreneur and inventor wants – to sell 100% of your company for more than its worth, with a 6-figure salary contract to continue working on it, all while receiving a 5% royalty for each unit sold.
Shortly after the RokBlok (portable record player) Shark Tank episode aired, orders of RokBlok went from a few units to a couple hundred units per day.
Robert no longer appears to be an investor but the company is still running and RokBloks are still spinning.
Following the shipment of the defective product in early January, the Rokblok was greeted by a wave of bad reviews and negative press by technology critics and consumers for its poor sound quality, lack of originality and impractical design.
Rokblok has since managed to finish the year strong while regaining the trust of consumers and retailers following the wave of bad reviews and negative press.
Unfortunately right after shipping the first batch of items in January, RokBlok was forced to pause production after learning that a little over 5% of the first batch of items shipped, were defected.
The cause of the defect was later found to be due to a factory rush on holiday orders and a defect in the injection mould.
It was from this batch that the “Vinyl Killer” was born.
RokBlok has since rebounded from its slow start. Production issues were resolved and customers were offered a replacement from the new batch.