Chord Buddy is a great platform or a kit to learn guitar chords very easily. It simplifies all the steps and explains it in a very understandable, quickly absorbable language, which excites the learner as you learn to play in very little time.
Chord buddy had also earned many positive reviews even one of the sharks – Robert Herjevic said “ Chord buddy works! It allowed me to start playing song instantly”. Chord buddy has also appeared on the show Shark Tank, where it gained huge popularity. It is a two-month-based guitar learning system.
Chord buddy at a glance:
| BUSINESS | Kit to learn guitar chords |
| ENTREPRENEUR | Travis Perry |
| ASKED FOR | $125,000 For 10% |
| ACCEPTED OFFER | $175,000 For 20% |
| SHARK | Robert Herjavec |
| BUSINESS STATUS | In Business |
Index:
Who is the founder of Chord buddy?
Travis Perry is the founder of Chord buddy. Chord buddy doesn’t need any teacher to teach guitar to the learner. All that is needed are a guitar, DVDs and a learning book.
Travis has built this for those who wanted to learn guitar but were not able to, due to high charges of guitar classes, bit difficult chords, to which chord buddy is the perfect solution as you don’t need to pay a huge amount to learn.
In October 2018, Travis first launched his product in the market. He had kept it very simple so any individual can grab the skills in a 2 month period. He originally invented it for his daughter to teach her how to play guitar.
How does Chord Buddy work?
How was the Chord buddy shark tank pitch?
Travis Perry wanted to expand his business more and more which made him stand in front of the sharks with his Chord buddy.
He came up with a pitch of $125k for 10% shares in his business, he had a sales record of $150k before Shark Tank. Mark was quite impressed with him but didn’t feel that Travis would be able to run it for long thus he went out.
All other Sharks loved the Chord buddy, Kevin O’Leary offered $125k for 20%, in addition, to personally endorsing it, Daymond gave the same offer with celebrity endorsement. Robert came into the conversation and offered $125k for 20% of the business.
Barbara Corcoran gave $150k for 20% with $50k for an Infomercial. Travis like Robert, for some reason, asked if Robert could change his offer similar to Barbara and he did. Finally, Robert and Travis made a deal.
What happened to Chord buddy after shark tank?
Chord buddy after Shark Tank got its investment as finalized between him and Robert. Travis’ product got huge sales on Amazon after his appearance on Shark Tank, a product made a huge success. Travis expanded his market and Chord buddy was also advertised by John Rich famous music star.
Chord buddy has been a smooth business since it started and was valued at $1.2 million by the investors. Before appearing on Shark Tank, the business had already earned more than $500 K. After the grand appearance, they have earned a revenue of $1.5 million.
As of 2021, the business is still in the market and has an annual profit of $ 1million. We wish that his business goes on and on.
What’s the net worth of Chord buddy?
After his appearance on the show, he gained popularity which attracted the customers and his sales still go on rising, which creates a huge amount of revenue for the company. Chord Buddy is available through the online platform for consumers with various deals and offers.
At the time of the shark tank appearance, Chord buddy was valued at around $1 million. But as of now, their revenue has crossed $1 million, so they are worth much more than that.
Investors of Chord buddy:
Robert Herjevic is a famous American television personality, investor, businessman, author, speaker, entrepreneur, famous shark of the Shark Tank. He invests his money into small businesses in return for profit, some terms, and conditions. He had also invested in Chord buddy and they are still in business.
All sharks were impressed with Travis’ product, Mark was quite doubtful about Travis’ traits, except he got four offers on the table to which he chose Robert Herjevic as he was also a family man and made a deal similar to Barbara’s offer among themselves.
Competitors analysis of Chord buddy:
Chord Buddy is having many competitors in the market but still it is able to maintain its position due to some modifications, uniqueness, and easy method of it.
Few competitors are as follows:-
- White hat Jr.
- YouTube Channels
- Various applications of guitar learning
- Guitar Classes in market
Future aspects of the company:
The deal with shark Robert Herjevic struck and the business has been doing great. They have also collaborated with John Rich with the “Big and Rich Band” for being their National Spokesperson.
Interesting Facts:
Some interesting facts about it:-
- It is a kit for learning guitar
- It teaches guitar in two months
- It doesn’t require any teacher
- Famous music star John Rich has endorsed it.
- It is the simplest way to learn guitar, any individual can learn it within 2 months.
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What is Chord buddy?
Chord buddy simplifies all the steps and explains it in a very understandable, quickly absorbable language, which excites the learner as you learn to play in very little time.
What is Chord buddy worth?
Chord buddy has been a smooth business since it started and was valued at $1.2 million by the investors. Before appearing on Shark Tank, the business had already earned more than $500 K. After the grand appearance, they have earned a revenue of $1.5 million.