Chord Buddy Before Shark Tank
Travis Perry is from Dothan, Alabama and came up with a product, which was inspired by his daughter. Travis Perry claims that he has invented a product that allows you to instantly play the guitar. According to Travis Perry, the main reason why people quit trying to learn how to play the guitar is because of frustration and pain in their fingers.
Travis Perry’s eight year old daughter wanted to quit playing the guitar as well, which is why he decided it is high time that somebody decided to do something about the common guitar “obstacles”. Travis Perry states that the area he lives in was hit pretty hard during the economical downfall, which is why it is very important to him to keep the manufacturing and the jobs in the United States of America. Travis Perry also states that it means a lot to him, when he is able to give back to the community.
It is also the reason why it is as important for him to employ people and give them a chance, as it is to create a great product that will be used by millions of guitar enthusiasts. Travis Perry states that he absolutely needs an investment from the Sharks, because he has been able to make his product known on the market, but he has ran out of money.
Chord Buddy During Shark Tank
“Travis Perry walks confidently towards the Sharks and stands in front of them”
Travis Perry starts his presentation by introducing himself to the Sharks, and stating that his product is called Chord Buddy. Travis Perry continues his presentation by stating that he is looking for an investment of a hundred and twenty five thousand dollars, in exchange for a ten percent equity stake in his company.
Travis Perry states that he loves playing music, and that he has taught thousands of people how to play the guitar. He states that it is sad to see thousands of people quit playing the guitar, simply because it is very difficult to master it. According to Travis Perry, the guitar is the most popular instrument in the world, but it is also one of the most frustrating.
Travis Perry claims that everyone wants to learn how to play the guitar for one reason, and one reason alone, which is to meet chicks!
“All of the Sharks start laughing out loud”
“Travis Perry asks the Sharks what if there was a device that allowed you to push a button, in order to instantly be able to play the guitar”
Travis Perry answers his own question by saying that the time of being frustrated is over, because he has designed a product that will help everyone learn how to play the guitar.
“Travis Perry reveals a guitar with an attachment, which is called the Chord Buddy”
Travis Perry states that the attachment has four differently colored buttons, which play G, D, C and E minor. With those four chords, you can play hundreds of thousands of songs.
“Travis Perry demonstrates the Chord Buddy and starts playing several songs”
“Kevin O’Leary asks Travis Perry why someone should learn anything, if they can use the Chord Buddy to cheat and learn how to play the guitar”
Travis Perry answers the question by saying that the Chord Buddy might be considered a cheat; however, you can remove the parts that you have already mastered.
“Travis Perry removes the red button from the Chord Buddy”
Travis Perry states that instead of playing a button, you actually have to start playing a chord, which teaches you how to actually play a guitar. The Chord Buddy is simply a learning tool, allowing people to get comfortable with their guitar.
Travis Perry states that he has a patented two-month learning system and a DVD that takes someone every single step of the way from attaching a Chord Buddy, to removing every single tab on the Chord Buddy, ultimately teaching someone how to play the guitar.
“Mark Cuban asks Travis Perry how much it costs to purchase a Chord Buddy”
Travis Perry answers the question by saying that one Chord Buddy unit costs $49,95.
“Mark Cuban asks Travis Perry how much it costs to make a Chord Buddy”
Travis Perry answers the question by saying that it initially costed nine dollars to make a single Chord Buddy unit; however, the costs have been lowered to seven dollars recently.
“Robert Herjavec asks Travis Perry if he can teach him how to play the guitar right now”
Travis Perry answers the question by inviting Robert Herjavec to the stage, telling him he will be able to teach him how to play the guitar right away.
“Robert Herjavec sits next to Travis Perry and holds a guitar”
“Travis Perry sings a song and tells Robert Herjavec which buttons to press”
“Robert Herjavec states that they are really jamming it right now”
“All of the Sharks seem impressed with the Chord Buddy”
Travis Perry states that it takes about two months to properly learn how to play the guitar, using the Chord Buddy; however, the learning process will be without frustrations.
“Daymond John asks Travis Perry if he has sold any of the Chord Buddies so far”
Travis Perry answers the question by saying that in one month, he has been able to sell a hundred and fifty thousand dollars’ worth of Chord Buddies.
“Barbara Corcoran asks Travis Perry how he managed to do that”
Travis Perry answers the question by saying that he has been selling them on the internet and that he has set up eight local music stores in LA, which stands for Lower Alabama.
“All of the Sharks start laughing out loud because of Travis Perry’s joke”
“Robert Herjavec asks Travis Perry how he came up with the idea for Chord Buddy”
Travis Perry answers the question by saying that he was teaching his eight year old daughter how to play the guitar, but she was getting frustrated and wanted to quit. Travis Perry continues by stating that he had an idea for a magical device, which has buttons on it that would allow everyone to easily learn how to play the guitar, to which his daughter asked him to actually invent the device, because she really loved playing the guitar.
Kevin O’Leary states that Travis Perry thinks his product is worth over a million dollars, because he is asking for a hundred and twenty five thousand dollars, for a ten percent stake in his company.
“Kevin O’Leary asks Travis Perry to tell him how much he has done in sales since he started”
Travis Perry answers the question by saying that since he started, he has sold about a half a million dollars’ worth of Chord Buddies. On top of that, Travis Perry states that he has a hundred and ten purchase orders already, which he is fulfilling right now.
“Kevin O’Leary asks Travis Perry how many Chord Buddies he has sold in a year”
Travis Perry answers the question by saying that the largest retailer in the country is giving them a purchase order of fifty Chord Buddy units per store. The retailer owns about five thousand stores all over the United States of America.
“Daymond John asks Travis Perry who the retailer is”
Travis Perry answers the question by saying that the retailer is called Sounds.
“The Sharks seem very impressed by what Travis Perry just told them”
“Robert Herjavec asks Travis Perry why he needs a hundred and twenty five thousand dollars as an investment today”
Travis Perry answers the question by saying that he is building a factory in Alabama right now, where they will manufacture Chord Buddies. He also states that Chord Buddies are a hundred percent United States of America made product.
“Kevin O’Leary asks Travis Perry why he won’t manufacture in China”
Travis Perry answers the question by saying that he believes that is the downfall of their country, and that he wants his product to be USA made.
Kevin O’Leary states that the Chord Buddy is a very interesting product; however, the valuation of the company and product itself is wrong. Kevin O’Leary believes that it will be able to work, and it will get its place in major retailers and places such as Guitar Center.
Kevin O’Leary makes an offer for a hundred and twenty five thousand dollars, in exchange for a twenty percent stake in Chord Buddy. On top of that, he is willing to endorse Chord Buddy for twelve months straight, and make an infomercial for it.
Daymond John states that he is going to match Kevin O’Leary’s offer, and tells Travis Perry that he would be the better partner. Daymond John offers a hundred and twenty five thousand dollars, in exchange for a twenty percent stake in Chord Buddy.
“All of the other Sharks state that they are thinking about an offer”
Daymond John states that while the other Sharks are thinking about an offer, Travis Perry should make a decision, because the two offers that currently are on the table might not be there anymore for too long.
Mark Cuban states that he likes what Travis Perry is doing, especially because of the fact that Travis Perry wants his product to be made in the United States of America. Mark Cuban continues by stating that he is not quite sure that Travis Perry is going to be able to scale, because he is going to have to be that guy that goes on the road show every single time. Mark Cuban states that he doesn’t want to invest in Chord Buddy and that he is out.
Barbara Corcoran states that she is going to offer one hundred and seventy five thousand dollars, in exchange for a twenty percent stake in Chord Buddy. However, fifty thousand dollars of the total investment must be used to make an infomercial, because Barbara Corcoran thinks that Chord Buddy is a great product, but Travis Perry is a great person as well. He needs to sell himself in an infomercial, in order to sell his product.
Robert Herjavec states that he is just a redneck from Croatia, just like how Travis Perry is a redneck from Alabama. Robert Herjavec makes an offer of a hundred and twenty five thousand dollars, in exchange for a twenty percent stake in Chord Buddy.
Robert Herjavec states that he is the only Shark that wants to be a rock star and can’t actually play the guitar, which is why he is the right person for Chord Buddy.
Barbara Corcoran states that it is really a no-brainer, especially because she offered fifty thousand dollars more compared to the other Sharks. The only thing that she wants is to bring Travis Perry’s face in millions of homes through infomercials, allowing him to get known and sell Chord Buddies more easily.
“Travis Perry asks Robert Herjavec if he is willing to sweeten his offer”
Robert Herjavec states that he is willing to offer a hundred and twenty five thousand dollars in cash, in exchange for a twenty percent stake in Chord Buddy. On top of that, he will put away fifty thousand dollars in escrow, if they decide to make an infomercial.
Travis Perry states that he accepts Robert Herjavec’s offer, and wants to work with him.
“Robert Herjavec and Travis Perry seem to be very happy about the deal that they made, they both get up and Travis Perry gives Robert Herjavec a big hug”
At the end interview, Travis Perry states that this is a life changing moment for him, especially because he is going to be able to provide financial stability to his family.
Chord Buddy Now in 2018 – After Shark Tank
When Travis Perry appeared on Shark Tank a couple of years ago, he needed an investment for the construction of a factory in Alabama. Travis Perry came up with an idea to allow people to easily learn how to play the guitar, within two months’ time. With the investment of Robert Herjavec, Travis Perry was able to push Chord Buddy onwards and make his company even more profitable. Robert Herjavec choosing to work together with Travis Perry has probably been one of his best investments in his life. There is no mention of Chord Buddy being the best or worst on Shark Tank; however, four out of the five Sharks made an offer, which tells me that the product is solid and they saw how profitable it would become.
You can visit and purchase Chord Buddy and accessories by visiting the official website at https://www.chordbuddy.com. The website looks very professionally designed, which tells me that the business itself is up, running and profitable. The Chord Buddy still costs $49,95, which is not a lot if you think about what you can do with it. You can also purchase several different guitars in combination with a Chord Buddy, if you wish to do so.
A very nice aspect about the Chord Buddy website is that you can find a lot of information on it, especially about the Chord Buddy units and guides on how to play guitar. You can even find Travis Perry on YouTube, who uploads videos on how to play certain songs using the Chord Buddy. You can even purchase Chord Buddies on Amazon.
It seems like the Chord Buddy has some mixed reviews, some very positive, some very negative. The positive reviews basically state that the device is very useful, especially if you are new to playing guitar. The negative reviews state that the Chord Buddy wouldn’t properly fit on their guitar, and that the device doesn’t actually work because of this.