Lee Dahlberg walked into Shark Tank to pitch his bracelets and brand called Rock Band. Rock Bands are essentially a leather bracelet with exotic stones. The stones have sleek designs and healing properties. The most noticeable aspect is the unique and natural work of art each piece holds.
The brand is the name, Rock Band, dealing specifically with clothing and jewelry. As an extra bonus, Robin Leach of “Lifestyles of the Rich and Famous” gave a small speech as Lee asked for $100,000 for 20% equity in his company.
Kevin and Barbara offered to buy the company outright from Lee and give him 7% royalties on everything they sell with the Rock Band brand. Lee was not ready to give up the company that he sold his house to start. In the end, Daymond stated that he and Mark dealt with a similar product last year on the show and had great success. He would make an offer if Mark joined him to try and repeat what they had accomplished last year.
Daymond offered to invest $100,000 for a 40% share in the company and Mark decided to chomp on the deal which Lee agreed. One Shark joining your company or product is exciting but two is phenomenal. If you or anyone you know has an idea and needs help, please contact us at New Product Consulting.
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