Highlights
- Lee Dahlberg pitches Rock Bands, luxury leather wristbands featuring exotic stones, seeking $100,000 for 20% equity in his business.
- After negotiation, Mark Cuban and Daymond John offer $100,000 for 40% equity, which Dahlberg accepts, though the deal ultimately does not close.
- As of August 2022, the company website has been shuttered, but Dahlberg continues to sell the wristbands on his personal website while pursuing other ventures.
Overview
| Category | Details |
|---|---|
| Name | Rock Bands |
| Founder | Lee Dahlberg |
| Industry | Fashion Accessories |
| Product | Leather wristbands with exotic stones |
| Funding | Seeking $100,000 |
| Investment Ask | $100,000 |
| Equity Offered | 20% |
| Valuation | $500,000 |
Rock Bands entrepreneur and former fashion model Lee Dahlberg got a little help from a friend – Robin Leach – to pitch his fashion leather wristbands to the Sharks in episode 403. Dahlberg sold his house to finance the business, which are a leather bracelet adorned with exotic stones. The bracelets are made from a variety of animal hides including python, crocodile, tree snake, and calf skins. There are over 40 different types of stones used in various Rock Bands; Dahlberg is an adherent to the new-age concept of stones providing varying powers for creating a sense of well-being.
Rock Bands Shark Tank Recap
Dahlberg and Leach came into the Shark Tank seeking $100k for 20% of the business. He tells the Sharks many celebrities wear them, including Bono, Johnny Depp, Brad Pitt, Angelina Jolie, and Jack Nicholson. He’s done around $300K in sales over the past five years.
Did Shark Tank Invest In Rock Bands?
Mr. Wonderful wants to license Rock Bands and offers Lee $100k for 100% of the company with a 7% lifetime royalty. Barbara says she’d like to partner with Kevin. Daymond and Mark offer $100K for 40%. After some back and forth negotiations, Lee accepts Mark and Daymond’s offer.
Rock Bands Shark Tank Update
The deal with the Sharks never closed. Besides a website redesign, the business hasn’t made many changes since appearing. Their Facebook page is sparse on updates since the episode originally aired too. Dahlberg made his debut as a comedian at the Hard Rock Casino back in November 2012. Dahlberg also continues to work as a model. It doesn’t appear that he has embraced the Shark Tank Effect to its fullest extent.
As of August, 2022, Dahlberg has shuttered the company website. He still sells them on his personal website. Dahlberg also sells custom and refurbished furniture called Son of a Bench. He also continues to model and has a net worth of $17 million.
Posts about Rock Bands on Shark Tank Blog
RockBands Lee Dahlberg & Robin Leach
Company Information
See what else is new! View other businesses featured in this episode.
I would love to be on the Shark Tank panel and sit with all them. I love the show and I must watch it 10-15 times a week. So if you like this fly me out!!!!!!!!!!!!!!!