|
RokBlok Net Worth |
$5 million |
|
Company Name |
RokBlok |
|
Nationality |
American |
|
Hometown |
San Francisco |
|
Founder |
Logan Riley |
|
Gender |
Male |
|
Profession |
Entrepreneur |
|
Age |
No Info |
|
Marital Status |
No Info |
RokBlok is the world’s smallest and most compact wireless record player with RokBlok net worth of around $5 million. Renowned for its small size and portability, RokBlok measures to be only 4×2 inches long, allowing its users to carry it anywhere to listen to recordings.
RokBlok Net Worth
RokBlok net worth is estimated to be around $5 million. RokBlok net worth is basically from the record player.
RokBlok Founder
RokBlok is founded by Logan Riley in June 2015. Back then, Logan Riley was a Creative Lead at Apple in San Francisco and had worked in that position for about nine years. After that, he decided to start his own business as he had an innovative idea.
Logan Riley designed a prototype that played vintage vinyl recordings in a unique way through his music player, which he named Blok. The ‘Blok’ includes a pair of speakers. Logan Riley also made sure to keep the size as little as possible.
He had observed that people wanted to use a small, portable device to play their vinyl collection. Thus, Logan Riley not only designed the RokBlok smaller in size, but he also made sure that the sounds were amplified and that it was affordable for the majority of users.
RokBlok Before Shark Tank
Starting the business, Logan Riley invested the $2,000 that he had and started working on the design. After several hours, the design and even a prototype were ready that was working flawlessly.
Due to less capital, Logan Riley approached a fundraising campaign, Kickstarter. This allowed him to gather enough capital to start manufacturing and selling the product on a relatively larger scale.
The company was performing splendidly when Logan Riley was invited to a Shark Tank episode to present his company. Logan Riley accepted to enter Shark Tank, hoping to land a good deal with at least one of the Sharks.
RokBlok During Shark Tank
Logan Riley entered Shark Tank, seeking $300,000 in exchange for a 15% stake in the company. In his pitch, Logan Riley continues by presenting his company and the product that the company mainly sells.
After remarking on the importance of such a device, Logan Riley demonstrated how a RokBlok device works and explained the benefits of buying a RokBlok over any other competitor product in the market.
Kevin O’Leary shockingly offered $300,000 in exchange for a 50% stake in RokBlok. Logan Riley modestly expressed his gratitude for the offer but stated that he would like to hear the other Sharks’ offers.
Robert Herjavec offered $500,000 with a two years contract, in which he wanted 100% of the company’s shares and $5 unit sold as royalty. Logan Riley agreed to the deal and hugged Robert Herjavec.
What Happened to RokBlok After Shark Tank Deal?
RokBlok is still in business and has a whopping net worth of about $5 million, with sales exceeding $1 million. Due to higher demand, the company has often been out of stock of its products. However, this has not declined the interests of the passionate and loyal customers, who are eager and patient enough to wait for the next stock. RokBlok net worth is still very much booming.