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What Happened to Autio after Shark Tank?

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Every location has a story that embodies its virtues. A narrative can teach us about a nation’s accomplishments and prehistoric culture.

The Santa Barbara, California-based storytelling app Autio informs visitors about different US locations. 10,399 stories from coast to coast in the US are available on this app. The user of this app can investigate the local stories in their immediate area.

Professional storytellers like Phil Jackson, John Lithgow, and Kevin Costner told all of the stories in this app. This app’s articles are all focused on a specific location’s natural beauty, music, sports, history, and culture.

You can listen to five stories for free after installing this app; after that, you’ll need to buy a 30-day, 1-year, or 3-year subscription. This makes it possible to download and listen to stories offline. More than half a million downloads have been made of this iPhone app.

Autio at a Glance:-

IdeaAudio story app for travellers
FoundersWoody Sears, Bill Werlin and Kevin Costner
Asked For$1M for 5% equity
Accepted DealNo deal
SharksNo shark
Business statusIn Business
Episode No.Season 14, Episode 17
Buy on AmazonBuy Now!

Index:

Founder Story:

Bill Werlin, Kevin Costner, and Woody Sears founded “HearHere” in 2020. The business was relaunched as Autio in June 2022.

The company’s CEO and co-founder is Woody Sears. He graduated from Pepperdine University with an MBA. He has received multiple accolades, such as the iKids Award and the Innovation Award.

This company’s co-founder and content developer is Bill Werlin. He was raised working in the ski area with his family, having been born in Colorado Mountain Territory.

Kevin CoxCostner, an actor and producer, is another co-founder of this business. For his efforts, he has won two Golden Globes and one Academy Award.

Did Autio get a deal on Shark Tank?

The innovative travel app Autio made its debut on Shark Tank’s Season 14, Episode 17. Woody disclosed during the pitch that Autio’s gross revenues in 2022 exceeded $700,000, having increased from $200,000 in 2021.

Sharks showed interest, but they were wary because of the high price. In the end, every shark with the exception of Kevin O’Leary made an offer to leave.

No deal was concluded because Sears refused to give up more than 7% equity in spite of Kevin O’Leary’s counter-offer.

After the show, the company saw a notable increase in subscribers even though they were unable to close a contract. The business is still in operation and is expanding its collection of stories.

What happened to Autio after Shark Tank?

Having rejected Kevin O’Leary’s $1 million investment at a 15% equity offer on Shark Tank, Autio experienced the “Shark Tank effect.”

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With app downloads rising by 464%, new members rising by 105%, and website traffic rising by 1,600%, the company saw a significant surge in popularity.

In the US, Autio has already sold over 10,000 tales, and in January 2023 it will make its debut in Australia.

Autio capitalized on the publicity generated by the program, growing its number of registered users from 15,000 to 230,000 by the end of March 2023. With continuous strong growth, Autio reached millions of users by April 2023. The program has received positive feedback from customers, earning an impressive 4.8 out of 5 rating based on more than 3,500 reviews from the Apple Store.

Autio’s credibility and popularity have grown as a result of his inclusion in articles published in prominent periodicals like Forbes and the New York Times. The participation of co-creator Kevin Costner has been very beneficial to Autio and may contribute to the expansion and recognition of the business.

Even though Autio didn’t get a deal on Shark Tank, the company is still going strong, with a growing user base and high customer satisfaction. The company wants to expand into new markets and enhance the material it offers. Autio is concentrating on enhancing accessibility and user engagement through community features and enterprise integrations in preparation for its Android launch and global expansion.

The company is aiming to grow internationally in the future and is now working on expanding its tale database. Additionally, Autio and JetBlue have signed a deal for Autio to supply audio content via seatback screens on 29 of the airline’s destination locations.

What Is The Net Worth of Autio?

After making its premiere on Shark Tank season 14, Autio’s projected net worth is $20 million, according to our analysis.

Is Autio still in business?

Yes, Autio is still in operation. This company has expanded quickly since 2020, and articles from numerous US states are now accessible in the app.

This app is an excellent resource for learning about different places’ histories. Millions of individuals use this app these days.

This startup has been featured in numerous media sites, such as TechCrunch, Outside, Forbes, and The New York Times. As per LinkedIn, the organization presently employs 11 to 50 people and has its headquarters located in Santa Barbara, California.

Autio is a great resource for those of you looking to add fascinating information to your road trips and excursions.

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FAQs:

What is Autio?

The Santa Barbara, California-based storytelling app Autio informs visitors about different US locations. 10,399 stories from coast to coast in the US are available on this app. The user of this app can investigate the local stories in their immediate area.

What's the net worth of Autio ?

After making its premiere on Shark Tank season 14, Autio’s projected net worth is $20 million, according to our analysis.

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