ABC-TV's newest 'reality show' named Shark Tank featured Voyage-Air President Jeff Cohen and his son Josh, during Episode #3 on August 23, 2009. Culled from thousands of applicants, the Shark Tank show chose Voyage-Air as a promising new product, and worthy of investor attention before a national TV audience.
How did it turn out? You can watch the complete episode here on your computer.
Amazed at the technology, and the fact that folded guitars stayed in tune when opened, the previously skeptical investors started a barrage of low-ball offers, bidding for a majority stake to control the company. Unfazed, seasoned entrepreneur Jeff Cohen took control and countered, with a limited license to use the Voyage-Air patent technology. No deal.
In summary, the Sharks weren't prepared to make a realistic offer for a product that is so well developed, so well established, and with a national dealer network in place. And yes, the show hinted at new products and technologies that will prove to be very very interesting. We'll report here ASAP!
It was dumb not to take that deal.
ReplyDelete