Cab20 is a musical duo that brought their unique blend of blues and hip-hop to the Shark Tank stage. With their electrifying performances and soulful sound, Cab20 captivated the Sharks and won over their hearts with their passion and talent. Join us as we dive into the story behind Cab20 and their journey to success.
Cab 20 was a rock band that consisted of young musicians. Cab 20 was based in Los Angeles with an 18-year-old lead vocalist and guitarist Bert Hoover. Cab 20 was a garage rock band and it played and produced music with blues and stoner rock elements.
In episode 315, Cab 20 was brought in by Tom Callahan and was seeking $200,000 for 20%.
Cab 20 at a glance:
| Business Idea | A young Rock Band |
| Founders | Tom Callahan |
| Asked For | $200,000 For 20% |
| Accepted Deal | No Deal |
| Sharks | No Sharks |
| Business status | Not in Business |
| Website | cab20.com |
Index:
Who is the founder of Cab 20?
Tom Callahan was the manager of Cab 20 brought the band on Shark Tank. For more than 25 years, Tom had been managing marketing and promotions for numerous bands.
He wanted Cab 20 to become an indie hit with the help and support of sharks. He believed that Cab 20 had the potential to become on top of the music industry.
Did Cab 20 get a deal on Shark Tank?
In episode 315, Cab 20 was brought in by Tom Callahan, their manager. They were seeking $200,000 for 20% of all future royalty streams, along with sharks’ expertise and marketing connections. Mark Cuban wanted to know what the “360 deal” was.
Callahan explained that they would get all the revenue except publishing. Publishing means royalties that would be generated from a song written, performed by a band member, or licensed to any other artists. Mark Cuban liked the music of the band but he was out because according to him, it is the riskiest business. Daymond John had already invested in a similar deal and that’s why he was out.
Barbara Corcoran liked the band and even complimented the band members but didn’t find the manager trustworthy. So, she was out. Kevin O’Leary offered $200,000 and wanted 50% of the potential income. Callahan countered with $100,000 for 40%.
Robert Herjavec offered to join Kevin for Kevin’s offer. Callahan went to discuss with the band and countered with $250,000 for 50%. Neither the sharks nor the band wanted to negotiate and hence, no deal was made.
What happened to Cab 20 after Shark Tank?
The exposure provided by Shark Tank to Cab 20 was proven to be no good because since August 2014, the band’s website and social media have not been updated and the band seems off. They had released only 3 albums.
The frontman Bert Hoover has made a band named Hooveriii and also made a Facebook Page with the same name to showcase his music. As of November 2021, Hooveriiihad released 6 albums and they had been playing in nightclubs but they might not have earned enough income.
What is the net worth of Cab 20?
At the time of the shark tank appearance, Cab20 was valued at around $1 million. Cab 20 had released 3 albums but their earnings were not revealed. When Hooveriiiwas built, they released 6 albums but still, no revenue was revealed.
Is Cab 20 still in business?
Even though the band got some fame, it didn’t work as well as they would have liked. They have started again as Hooveriii but they do not have much revenue.
Do Share Your Thoughts:
Do tell us all your thoughts in the comments section below, we look forward to reading all the comments in the section below.
Also, do check our Startup Resources section, and don’t forget to join our weekly newsletter 📰 which contains pure startup and business wisdom and no bullshit!!
Related Articles:
- Who are the Sharks and Guest Sharks?
- Palmini: What Happened After Shark Tank?
- Chirps: What Happened After Shark Tank?
- Boobie Bar: What Happened After Shark Tank?
- Bag Bowl: What Happened After Shark Tank?
- Pavlok: What Happened After Shark Tank?
- Roominate: What Happened after Shark Tank?
What is Cab 20?
Cab 20 was a rock band that consisted of young musicians. Cab 20 was based in Los Angeles with an 18-year-old lead vocalist and guitarist Bert Hoover.
Who founded Cab 20?
Tom Callahan was the manager of Cab 20 brought the band on Shark Tank. For more than 25 years, Tom had been managing marketing and promotions for numerous bands.