The innovative company that creates custom songs for any occasion. Founded by the dynamic duo of Ellen Hodges and Omayya Atout, Songlorious has been striking an emotional chord with customers. Let’s dive into their journey, from a successful Shark Tank pitch to becoming a multi-million dollar business.
The Songlorious Pitch And Deal On Shark Tank
When Ellen and Omayya stepped into the Shark Tank, they knew they had something special. They asked for $400,000 in exchange for a 10% stake in Songlorious. The Sharks were immediately intrigued by the concept of personalized songs and the emotional impact they could have. Ellen and Omayya’s passion was evident as they shared stories of how their songs had touched customers’ lives.
The Sharks were impressed by Songlorious’s growth, with the company earning $700,000 in 2019 and $1.1 million in 2020. They projected earnings of $2.5 million for 2021. After some intense negotiation, Mark Cuban and Kevin O’Leary teamed up to offer $500,000 for a 40% stake in the company. Ellen and Omayya accepted the deal, knowing that the Sharks’ expertise and resources could take Songlorious to new heights.
Is Songlorious Gone Out Of Business?
Far from it! Since appearing on Shark Tank, Songlorious has continued to thrive. The exposure from the show led to a surge in orders, and the company has expanded its team of talented musicians.
They’ve also branched out into new genres, offering hip-hop songs and tunes in languages like Spanish and Arabic. With the support of their Shark investors, Songlorious shows no signs of slowing down.
What Was Songlorious Net Worth?
While the exact net worth of Songlorious isn’t public knowledge, we can make some educated guesses based on their Shark Tank valuation and reported earnings. During their pitch, Ellen and Omayya valued the company at $4 million. With their impressive growth and the Sharks’ investment, it’s safe to say that Songlorious’s net worth has likely increased significantly since then.
Overview Of Songlorious
So, what sets Songlorious apart from the competition? For starters, their network of over 150 musicians ensures that each song is truly unique. Customers can choose the genre, mood, and even specific instruments they want featured. The level of customization is unmatched.
Songlorious’s pricing model is straightforward, with songs ranging from $45 for a 30-second jingle to $195 for a full 3-minute tune. For an extra $20, you can even choose a specific artist to create your song. Once your masterpiece is complete, Songlorious delivers it via a private webpage, streaming service, or a USB stick designed to look like a retro cassette tape. It’s all about creating an unforgettable experience.
Conclusion
Songlorious has come a long way since its Shark Tank debut, but the heart of the company remains the same: creating meaningful connections through music. Whether it’s a love song for your anniversary, a goofy jingle for your best friend’s birthday, or a heartfelt tribute to a lost loved one, Songlorious helps you express your feelings in a truly special way.
With the backing of Mark Cuban and Kevin O’Leary, the future looks bright for this innovative startup. So next time you’re searching for the perfect gift, consider a personalized tune from Songlorious. It just might strike the right chord.
