According to RokBlok’s official website, RokBlok is the smallest & wireless record player the world has seen.
A Different Spin on Vinyl RokBlok is the world’s smallest, wireless record player.
Simply place RokBlok on top of any record to instantly listen to your favorite vinyl, anywhere.
Read what happened to Rokblok and net worth update in brief here.
|Episode||Season 9 Episode 3|
|Product||Wireless record player|
|Asked for||$300,000 for 15% equity|
|Final deal||$500,000 for 100% equity|
|Business status||In Business|
What exactly is RokBlok?
RokBlok is 4 x 2 inches long; this is the tiniest, wireless mobile player.
It has its own vinyl-safe rubber wheels which makes it capable of playing 33 1/3, and 45 RPM records whereas the built-in analog speakers deliver a pure analog sound.
Other attributes comprise the diamond-tipped cartridge, bamboo and MDF structure, and BlueTooth performance from up to 30 feet off.
Meet the Inventor of RokBlok
Logan Riley is the inventor of the cool gadget. Logan started his career as a Mac specialist at apple in 2006. In 2007 Logan got promoted to creative lead at Apple. He continued to work in that position till 2012. Then he changed his career to become the lead instructional Engineer at Pandora.
Later in 2014, Logan joined Learn Up as the Head of learning and Innovations and continued to work there till mid of 2015.
Road to RokBlok
He left his job and started his very own venture called Pink Donut.
“Pink Donut is an idea company that creates products with no set industry, medium, or genre in mind. Here they create things. Different types of things. Things that love and want to share with others.” according to Logan.
Although the first few products that he created through his Idea company Pink Donut were not as successful as he anticipated, RokBlok made an instant hit.
In late 2016, Logan took the idea of RokBlok to Kickstarter, where he hosted a Kickstarter campaign with a $50k goal. Logan’s RokBlok made its breakthrough by surpassing its goal with over $350,000 from 3615 backers.
Did Rokblok get a deal on shark tank?
In 2017, Logan Riley decided to appear in a shark tank with his new invention.
During RokBlok’s pitch, all the sharks get blown away by the amazing technology behind it.
Although Lori Greiner jumped in and said, she was still on the fence. Robert Herjavec immediately pulled in the deal, stating he was very optimistic about the entire product idea.
Robert offered to buy out the entire RokBlok in exchange for $500K + $5 per every RokBlok that sells. Additionally, he offered Logan a 2-year contract to work on RokBlok with a six-figure salary and a $5 per unit royalty.
Logan agreed to the deal.
Did the Shark Tank deal actually take place? What happened to Rokblok after SharkTank?
According to the SharkTank crew, Yes the deal seemed to have actually happened.
After airing it on Shark Tank, The sales went really high instantly.
Even today This is making sales all over the world. However, it is not clear that Robert is still spinning money on RokBlok.
RokBlok Net worth in 2022
RokBlok Could be worth around 10-20 million USD as of now.
You may wonder how much is Rokblok worth today. This is estimated to be worth around 10-20 million USD as of 2022. RokBlok has been rocking in its demand and currently appears to be sold out (Out of Stock).
How is RokBlok doing now [Latest Update]
7 Years after the shark tank appearance, Riley spoke with the Business 2 Community about RokBlok’s experience on the show and their next steps. Recently, Logan launched a new product called Snapbacks. They are flat, decorative backplates for iPhones that can easily swap out.