The company’s total sales are a little over $400,000, most of which came from a Kickstarter crowdfunding campaign for the company, years prior.

Logan told the sharks about his margins and some of them were concerned about the expensive price point. Manufacturing a single unit costs about $23 and is currently being sold for just under $100. The sharks loved RokBlok and its innovative creation of this portable record-playing device but they did have some concerns about how niche the market might be in the modern day where many people are discarding their record collections for digital versions of their favorite old music. Result: $500,000 for 100% equity + $5 royalty in perpetuity.Let’s see if any of the sharks were willing to take the risk before we jump ahead and get a RokBlok update from the modern day. Logan Riley came to Shark Tank in hopes of convincing the sharks to invest $300,000 in exchange for 15% equity in his company.

The innovative and portable design of the RokBlok immediately impressed the sharks due to its ability to play records and stream audio to Bluetooth speakers or headphones.

The modern christmas tree shark tank