Origaudio on Shark Tank

Origaudio makes portable consumer electronics such as compact speakers. Its products target music lovers who want inexpensive, travel-friendly ways to play audio from phones and media players without bulky equipment.

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⏱ Origaudio in 30 seconds

The ask$150K for 15%Valued at $1M
In the tankDeal: $150K for 15%With Robert
After the showNot confirmedNo public record either way
TodayStill in business

Origaudio Shark Tank deal

Asked for: $150,000 for 15%
Asking valuation: $1M
Result: Deal
Final deal: $150,000 for 15%
Deal valuation: $1M
Shark: Robert Herjavec
Founders: Jason Lucash and Michael Szymczak
From: Costa Mesa, CA
Aired: May 6, 2011

Asked

$1M

Got

$1M

Would you have invested in Origaudio?

The pitch

Jason Lucash and Michael Szymczak from Costa Mesa, CA pitched Origaudio in Shark Tank Season 2, Episode 8 (aired May 6, 2011). They asked for $150,000 in exchange for 15% equity, valuing the business at $1M. The entrepreneurs walked away with a deal from Robert Herjavec: $150,000 for 15%.