RokBlok Net Worth 2024 Shark Tank Update

RokBlok Net Worth 2024 Shark Tank Update

As of the beginning of 2024, RokBloks’ net worth is $ 5 million. Also, the company had approximately $ 959,000 in annual revenue after the show. On December 13, 2017, RokBlok appeared on Shark Tank Season 09, episode 13 of Shark Tank USA. And it made a deal with Robert Herjavec for $ 500,000 for 100% equity. So, Robert Herjavec has made over $ 5 million through RokBlok for an investment of $500,000.

Also, the company will still be in business in January 2024. It then sells the product on its official website. Let’s find out how it has reached this success over the years.

RokBlok Net Worth 2024

Net Worth $5 million
Annual Sales Revenue$959,000
Profits
Lifetime Sales
Investor Robert Herjavec
Founder Logan Riley
Employees51-100

The Kickstarter campaign earned $ 351,816 and got a deal of $ 500,000 for the whole company. Also, he was offered a $5 per unit two-year contract with a six-figure salary.

According to the online records, RokBlok’s net worth in 2024 is $5 million.

RokBlok Sales And Revenue

RokBlok was valued at around $2 million when it hit the Shark tank pitch. Also, it raised Kickstarter of $351 816. The company started selling about 15 items daily, then quickly grew, selling hundreds of items daily.

Following that, Rokblok gained $ 959,000 in annual revenue and is currently worth $5 million in 2024.

Net Wort Time Line

Net Worth 2024$5 million
Net Worth 2023$5 million
Net worth valuation in 2017 before appearing on Shark Tank$500k
Net worth valuation 2017 before appearing on Shark Tank$350k

How Much Did Robert Herjavec Make From RokBlok

There isn’t any clear information on whether the deal with Robert Herjavec went through. However, if the deal closed, he should have earned more than $5 million over the years.

He should receive all the profit through a $5 million net worth valuation as he owned the company.

Competitors Of The RokBlok

Even if there aren’t any similar products in the market, other vinyl recorders can be considered primary competitors. Also, Audio-Technica AT-LP60X belt-driven turntable and  Fluance RT85N  are popular.

Don’t miss these products from Season 09

RokBlok Shark Tank Update

Company nameRokBlok
Productsmallest portable wireless record player for vinyl.
EpisodeSeason 9. Episode 13
FounderLogan Riley
Asked For$300 000 for 15%
Final Deal$500 000 for 100%
SharkRobert Herjavec
LocationNevada, United States 

RokBlok received a lot of attention after the show and increased its orders soon after the show. However there isnt clear information weather the deal closed or not.However according our research online the company unable to send some kickstarter products. Also it seemed that it went out of stock soon too.

Years after the shark tank appearance, Riley spoke with the Business 2 Community about RokBlok’s experience on the show and their next steps.Also, Logan launched a new product called Snapbacks. They are flat, decorative backplates for iPhones that can easily be swapped out.

However the product is now available in their website.

What 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.

RokBlok Founder

Logan Riley is the inventor of the cool gadget. Logan started his career as a Mac specialist at the 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.

FAQ

Who Invested In RokBlok?

Robert Herjavec Invested In RokBlok.

Is RokBlok Still In Business?

RokBlok is still in business in 2024.

What Is RokBlok Revenue After Shark Tank?

RokBlok gained $ 959,000 revenue soon after the show aired.

How Much Is RokBlok?

Its sell at a price of $99 per unit.

What Is RokBlok Net Worth In 2024?

RokBlok is worth $5 million in 2024.