Shark Tank Pitch

Chord Buddy Shark Tank Update

Published:

2m

Chord Buddy Shark Tank Update


Pitch Overview
NameChord Buddy
Main PresentersTravis Perry
Presenter Image
Chord Buddy Entrepreneurs: Travis Perry
Product Image
Chord Buddy Product Image
Last Known in Business2/3/2012
Main Location

Loading Map

Order Shown in Episode1
Final DealDeal was made on the show with sharks Robert Herjavec for $175k for 20% of Company. $50k for infomercial.

Chord Buddy Shark Tank Pitch

Travis Perry found that his daughters and others lose the desire to play the guitar because of finger pain and the time required to be put in before one gets to the point where he/she can play a song.

Travis created Chord Buddy, a guitar attachment that makes learning the guitar gentler on fingers and allows one to play songs right away. Training can occur incrementally while maintaining the gratification of hearing a song.

In simple terms, you push a button and get chicks. In more detail, you get the plastic fret tool (yes, I had to google the anatomy of a guitar) and a patented two-month lesson plan with a DVD.

Chord Buddy did $150k in revenue in one month through his website and eight stores in LA (Lower Alabama). Lifetime revenue is $500k, and Travis has a purchase order he needs to fill to get him in 5000 Sam's Club stores.

Chord Buddy is 100% made in the U.S.A., and Kevin suggests a move to off-shore production, while the other Sharks like that Travis hires locally unemployed people.

With several sharks interested, Robert charms Travis to choose his offer. The two jam their way out of the tank, and Travis celebrates with his family over bringing success to sweet home Alabama.


Offers

Made ByLabelSharks Part of DealSummary
CompanyOffered$125k for 10% of Company
SharksOfferedKevin O'Leary$125k for 20% of Company
SharksOfferedDaymond John$125k for 20% of Company
SharksOutMark CubanOut
SharksOfferedBarbara Corcoran$175k for 20% of Company. $50k for infomercial
SharksOfferedRobert Herjavec$125k for 20% of Company
SharksDealRobert Herjavec$175k for 20% of Company. $50k for infomercial

Mark Cuban
Mark Cuban

Mark Cuban

Out

Daymond John
Daymond John

Daymond John

Offered

Kevin O'Leary
Kevin O'Leary

Kevin O'Leary

Offered

Barbara Corcoran
Barbara Corcoran

Barbara Corcoran

Offered

Robert Herjavec
Robert Herjavec

Robert Herjavec

Made Deal


Updates in Shark Tank Episodes

Update SeasonUpdate Episode
411

Chord Buddy After Shark Tank

In season 4, episode 11, we get an update that John Rich, a country musician, is working with Chord Buddy to be a face for the company. Chord Buddy did over $1.5 million in revenue in less than a year.

In 2022, Chord buddy is still alive and well. On their website, chordbuddy.com

Link Preview

chordbuddy.com

https://www.chordbuddy.com

, you can purchase the Chord Buddy, the Ukulele Buddy, and other learning material.

The Chord Buddy Twitter, @ChordBuddy

Link Preview

@ChordBuddy

https://x.com/ChordBuddy

, Chord Buddy is still made in America, but some knockoffs have infringed on their patent. They also show students using Chord Buddy in schools.


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