Origaudio Net Worth Shark Tank Update 2025

Michael Szymcak and Jason Lucash walked into the Shark Tank with their portable speaker company Origaudio. They introduced a product that could turn any object into a speaker. They hoped the Sharks would like the idea. They wanted a $150,000 investment for a 15% stake in their business. Origaudio made mini portable speakers that could attach to objects.

This made it easy to enjoy music on the go. They showed the Sharks how their Rock-It device worked. They also had foldable speakers. The Sharks were curious about their sales and the future of the business. They wanted to know if the product was a good investment. Will the entrepreneur get a deal on Shark Tank? Check out the Origaudio update to find out!

Origaudio Net Worth Shark Tank Update 2025

Jason Lucash and Mike Szymczak went on Shark Tank asking for $150,000 for 15% of their company. This meant they thought their business was worth $1,000,000. They made a deal with Robert Herjavec for $150,000 for 15%, keeping the valuation the same. The episode was aired on October 8, 2010. The company was later acquired by Hub Group in 2018. As an acquired company, its current net worth is no longer applicable, but the valuation at acquisition was estimated at around $5 million.

Origaudio is still in business. After their appearance on Shark Tank, the company was sold in 2018. However, Michael and Jason still hold leadership roles. They have helped grow the business. The company is now part of the Hub Promotional Group. It rebranded to HPG in 2020. Origaudio has seen great success. It now reports yearly revenue of $190 million.

Despite being sold, the brand is still going strong. The company’s products are popular. Michael and Jason’s vision helped drive the company forward.

Yes Origaudio secured a deal on Shark Tank. They got an offer from Robert Herjavec. He offered $150,000 for 15% of the business. Michael and Jason initially wanted to keep 85% of the company. They were asking for $150,000 for 15% equity. Robert liked the idea and agreed to the deal. However, this deal did not go through.

The sales of the business grew fast after the show. The deal with Robert did not materialize. Despite that, the company continued to thrive. Origaudio’s success shows that the Sharks were right to believe in the product.

Shark(s) Name	Offer & Demand	Counter Offer	Accepted?
Daymond John	$300,000 for 100% equity	N/A	N/A
Robert Herjavec	$150,000 for 15% equity	N/A	Yes
Kevin O’Leary	Out	N/A	N/A
Barbara Corcoran	$150,000 for 25% equity	N/A	N/A
Mark Cuban	Out	N/A	N/A

Origaudio Shark Tank pitch

Michael and Jason came up with a concept. They aimed to create a portable speaker that was simple to operate. They recognized the issue that numerous individuals desired to experience music everywhere. However, they preferred not to transport large speakers. Therefore, they devised the Rock-It. This tiny gadget has the ability to convert any item into a speaker.

They believed it would be ideal for trips or simply unwinding at home. Michael and Jason put a lot of effort into their concept. They encountered difficulties in ensuring the device was affordable. It needed to be compact and easy to carry. They sought to ensure it functioned effectively. Their product needed to be dependable. They contributed funds from their own resources.

Jason’s mother also assisted with the investment. They ensured their device would be compatible with the majority of music players. They desired it to be straightforward. The difficulty lay in achieving the proper equilibrium between quality and size.         

As Michael and Jason stepped into the tank they felt assured. They launched Origaudio. They demonstrated to the Sharks how the Rock-It operated. It utilized vibrations to transform any item into a speaker. They demonstrated how it can be connected to anything. The Sharks were amazed. They inquired about the sales. Michael and Jason revealed that they generated $750,000 in revenue.

They clarified that $250,000 of those sales originated solely from the Rock-It. The Sharks were interested in their enterprise. Robert inquired about the earnings. Michael and Jason revealed that they earned $150,000 in profit over the past year. This was beneficial for a company that had recently launched. They sought $150,000 in exchange for 15% equity. The Sharks paid close attention.

They inquired about their intentions. The business owners stated they would put money into shops. They were already marketing on television via QVC. This amazed the Sharks. They were assured about their sales. 

The Sharks inquired extensively about Origaudio’s merchandise. Robert was interested in learning more about sales. Michael and Jason stated that they had been operating for a year. Their sales totaled $750,000. Barbara inquired about the amount of money they had invested. Jason mentioned that they had put in $40,000. Part of this money was from Jason’s mother. Kevin O’Leary expressed worry regarding the valuation.

He believed the market was overly competitive. He was unwilling to take a chance. He chose not to invest. Daymond John believed the valuation was excessively high. He proposed a large offer. He intended to purchase the whole company for $300,000. Barbara proposed $150,000 in exchange for 25%. Mark Cuban preferred to avoid a bidding conflict. He declined.

This made Robert the sole Shark with a favorable proposal. Robert proposed $150,000 in exchange for 15% equity in the company. The entrepreneurs had much to consider. They exited the room to converse.               

When Michael and Jason returned, they had made up their minds. They decided to take Robert’s offer. Robert would give them $150,000 for 15% equity. It was a good deal. The other Sharks made offers too. Daymond offered $300,000 for 100% of the company. Barbara’s offer was $150,000 for 25%. Robert’s offer was the best for Michael and Jason. They felt it would help grow their business.

They knew Robert could bring valuable experience. They accepted his offer. But the deal didn’t go through. After filming, sales doubled. Michael and Jason had more success than expected. The deal was no longer needed. But the Sharks were still proud of them. They saw the potential in Origaudio.

What Went Wrong With Origaudio On Shark Tank?

Some Sharks didn’t accept the offer. Kevin O’Leary didn’t think the business could compete. He thought the market was too crowded. Daymond John also made a large offer. He wanted to buy the entire business. This was too much for Michael and Jason. They wanted to keep control. Barbara offered $150,000 for 25%. This was more than Robert’s offer of 15%.

But Michael and Jason liked Robert’s expertise. Mark Cuban didn’t want to join the bidding war. He asked for a counteroffer. This didn’t sit well with the other Sharks. Eventually, Robert’s offer seemed the best. The entrepreneurs left with confidence in their decision.

Product Availability

Origaudio’s product is available in many places. The Rock-It is sold on websites like Amazon. You can find it in stores and online. The company has expanded its product line. They now offer wireless headphones, bags, and drones. Their products are high-quality and affordable. You can check out the full range on the Origaudio website. Prices vary depending on the product.

The company has worked hard to make its products available to everyone. Origaudio continues to sell well. It has a strong presence online and in stores.

Conclusion

Origaudio’s journey on Shark Tank showed the value of innovation. Michael and Jason created a product that was unique and helpful. Their business continued to grow after the show. Even though the deal with Robert didn’t happen their hard work paid off. Today Origaudio is part of a larger company. It continues to innovate and expand.